XML 35 R25.htm IDEA: XBRL DOCUMENT v3.5.0.2
Industry Segment Information (Tables)
9 Months Ended
Sep. 30, 2016
Segment Reporting [Abstract]  
Industry segment information
The following table provides certain information about the operations of each of our segments:

 
 
Three Months Ended September 30, 2016
 
 
Oil and Natural Gas
 
Contract Drilling
 
Mid-stream
 
Other
 
Eliminations
 
Total Consolidated
 
 
(In thousands)
Revenues:
 
 
 
 
 
 
 
 
 
 
 
 
Oil and natural gas
 
$
78,854

 
$
—

 
$
—

 
$
—

 
$
—

 
$
78,854

Contract drilling
 
—

 
25,819

 
—

 
—

 
—

 
25,819

Gas gathering and processing
 
—

 
—

 
63,090

 
—

 
(14,355
)
 
48,735

Total revenues
 
78,854

 
25,819

 
63,090

 
—

 
(14,355
)
 
153,408

Expenses:
 
 
 
 
 
 
 
 
 
 
 
 
Oil and natural gas:
 
 
 
 
 
 
 
 
 
 
 
 
Operating costs
 
27,710

 
—

 
—

 
—

 
(1,696
)
 
26,014

Depreciation, depletion, and amortization
 
27,135

 
—

 
—

 
—

 
—

 
27,135

Impairment of oil and natural gas properties
 
49,443

 
—

 
—

 
—

 
—

 
49,443

Contract drilling:
 
 
 
 
 
 
 
 
 
 
 
 
Operating costs
 
—

 
19,137

 
—

 
—

 
—

 
19,137

Depreciation
 
—

 
11,318

 
—

 
—

 
—

 
11,318

Gas gathering and processing:
 
 
 
 
 
 
 
 
 
 
 
 
Operating costs
 
—

 
—

 
48,397

 
—

 
(12,659
)
 
35,738

Depreciation and amortization
 
—

 
—

 
11,436

 
—

 
—

 
11,436

Total expenses
 
104,288

 
30,455

 
59,833

 
—

 
(14,355
)
 
180,221

Total operating income (loss) (1)
 
(25,434
)
 
(4,636
)
 
3,257

 
—

 
—

 
(26,813
)
General and administrative expense
 
—

 
—

 
—

 
(8,932
)
 
—

 
(8,932
)
Gain on disposition of assets
 
—

 
151

 
—

 
3

 
—

 
154

Gain on derivatives
 
—

 
—

 
—

 
6,969

 
—

 
6,969

Interest expense, net
 
—

 
—

 
—

 
(10,002
)
 
—

 
(10,002
)
Other
 
—

 
—

 
—

 
3

 
—

 
3

Income (loss) before income taxes
 
$
(25,434
)
 
$
(4,485
)
 
$
3,257

 
$
(11,959
)
 
$
—

 
$
(38,621
)
_______________________
(1)
Operating income (loss) is total operating revenues less operating expenses, depreciation, depletion, amortization, and impairment and does not include general corporate expenses, gain on disposition of assets, gain on derivatives, interest expense, other income (loss), or income taxes.

 
 
Three Months Ended September 30, 2015
 
 
Oil and Natural Gas
 
Contract Drilling
 
Mid-stream
 
Other
 
Eliminations
 
Total Consolidated
 
 
(In thousands)
Revenues:
 
 
 
 
 
 
 
 
 
 
 
 
Oil and natural gas
 
$
96,619

 
$
—

 
$
—

 
$
—

 
$
—

 
$
96,619

Contract drilling
 
—

 
68,426

 
—

 
—

 
(3,404
)
 
65,022

Gas gathering and processing
 
—

 
—

 
66,836

 
—

 
(16,084
)
 
50,752

Total revenues
 
96,619

 
68,426

 
66,836

 
—

 
(19,488
)
 
212,393

Expenses:
 
 
 
 
 
 
 
 
 
 
 
 
Oil and natural gas:
 
 
 
 
 
 
 
 
 
 
 
 
Operating costs
 
39,942

 
—

 
—

 
—

 
(1,254
)
 
38,688

Depreciation, depletion, and amortization
 
57,159

 
—

 
—

 
—

 
—

 
57,159

Impairment of oil and natural gas properties
 
329,924

 
—

 
—

 
—

 
—

 
329,924

Contract drilling:
 
 
 
 
 
 
 
 
 
 
 
 
Operating costs
 
—

 
38,671

 
—

 
—

 
(3,185
)
 
35,486

Depreciation
 
—

 
14,255

 
—

 
—

 
—

 
14,255

Impairment of contract drilling properties
 
—

 
—

 
—

 
—

 
—

 
—

Gas gathering and processing:
 
 
 
 
 
 
 
 
 
 
 
 
Operating costs
 
—

 
—

 
55,136

 
—

 
(14,822
)
 
40,314

Depreciation and amortization
 
—

 
—

 
10,976

 
—

 
—

 
10,976

Total expenses
 
427,025

 
52,926

 
66,112

 
—

 
(19,261
)
 
526,802

Total operating income (loss)(1)
 
(330,406
)
 
15,500

 
724

 
—

 
(227
)
 
(314,409
)
General and administrative expense
 
—

 
—

 
—

 
(7,643
)
 
—

 
(7,643
)
Loss on disposition of assets
 
—

 
(7,230
)
 
—

 
—

 
—

 
(7,230
)
Gain on derivatives
 
—

 
—

 
—

 
8,250

 
—

 
8,250

Interest expense, net
 
—

 
—

 
—

 
(8,286
)
 
—

 
(8,286
)
Other
 
—

 
—

 
—

 
16

 
—

 
16

Income (loss) before income taxes
 
$
(330,406
)
 
$
8,270

 
$
724

 
$
(7,663
)
 
$
(227
)
 
$
(329,302
)
_______________________
(1)
Operating income (loss) is total operating revenues less operating expenses, depreciation, depletion, amortization, and impairment and does not include general corporate expenses, loss on disposition of assets, gain on derivatives, interest expense, other income (loss), or income taxes.

 
 
Nine Months Ended September 30, 2016
 
 
Oil and Natural Gas
 
Contract Drilling
 
Mid-stream
 
Other
 
Eliminations
 
Total Consolidated
 
 
(In thousands)
Revenues:
 
 
 
 
 
 
 
 
 
 
 
 
Oil and natural gas
 
$
206,318

 
$
—

 
$
—

 
$
—

 
$
—

 
$
206,318

Contract drilling
 
—

 
88,786

 
—

 
—

 
—

 
88,786

Gas gathering and processing
 
—

 
—

 
168,668

 
—

 
(35,875
)
 
132,793

Total revenues
 
206,318

 
88,786

 
168,668

 
—

 
(35,875
)
 
427,897

Expenses:
 
 
 
 
 
 
 
 
 
 
 
 
Oil and natural gas:
 
 
 
 
 
 
 
 
 
 
 
 
Operating costs
 
98,070

 
—

 
—

 
—

 
(5,379
)
 
92,691

Depreciation, depletion, and amortization
 
89,378

 
—

 
—

 
—

 
—

 
89,378

Impairment of oil and natural gas properties
 
161,563

 
—

 
—

 
—

 
—

 
161,563

Contract drilling:
 
 
 
 
 
 
 
 
 
 
 
 
Operating costs
 
—

 
66,489

 
—

 
—

 
—

 
66,489

Depreciation
 
—

 
34,431

 
—

 
—

 
—

 
34,431

Gas gathering and processing:
 
 
 
 
 
 
 
 
 
 
 
 
Operating costs
 
—

 
—

 
129,681

 
—

 
(30,496
)
 
99,185

Depreciation and amortization
 
—

 
—

 
34,410

 
—

 
—

 
34,410

Total expenses
 
349,011

 
100,920

 
164,091

 
—

 
(35,875
)
 
578,147

Total operating income (loss)(1)
 
(142,693
)
 
(12,134
)
 
4,577

 
—

 
—

 
(150,250
)
General and administrative expense
 
—

 
—

 
—

 
(26,029
)
 
—

 
(26,029
)
Gain (loss) on disposition of assets
 
(324
)
 
1,467

 
(302
)
 
(18
)
 
—

 
823

Loss on derivatives
 
—

 
—

 
—

 
(4,774
)
 
—

 
(4,774
)
Interest expense, net
 
—

 
—

 
—

 
(30,225
)
 
—

 
(30,225
)
Other
 
—

 
—

 
—

 
(11
)
 
—

 
(11
)
Income (loss) before income taxes
 
$
(143,017
)
 
$
(10,667
)
 
$
4,275

 
$
(61,057
)
 
$
—

 
$
(210,466
)

_______________________
(1)
Operating income (loss) is total operating revenues less operating expenses, depreciation, depletion, amortization, and impairment and does not include general corporate expenses, gain (loss) on disposition of assets, loss on derivatives, interest expense, other income (loss), or income taxes.

 
 
Nine Months Ended September 30, 2015
 
 
Oil and Natural Gas
 
Contract Drilling
 
Mid-stream
 
Other
 
Eliminations
 
Total Consolidated
 
 
(In thousands)
Revenues:
 
 
 
 
 
 
 
 
 
 
 
 
Oil and natural gas
 
$
309,944

 
$
—

 
$
—

 
$
—

 
$
—

 
$
309,944

Contract drilling
 
—

 
234,177

 
—

 
—

 
(19,063
)
 
215,114

Gas gathering and processing
 
—

 
—

 
209,803

 
—

 
(52,922
)
 
156,881

Total revenues
 
309,944

 
234,177

 
209,803

 
—

 
(71,985
)
 
681,939

Expenses:
 
 
 
 
 
 
 
 
 
 
 
 
Oil and natural gas:
 
 
 
 
 
 
 
 
 
 
 
 
Operating costs
 
133,502

 
—

 
—

 
—

 
(3,631
)
 
129,871

Depreciation, depletion, and amortization
 
202,378

 
—

 
—

 
—

 
—

 
202,378

Impairment of oil and natural gas properties
 
1,141,053

 
—

 
—

 
—

 
—

 
1,141,053

Contract drilling:
 
 
 
 
 
 
 
 
 
 
 
 
Operating costs
 
—

 
139,114

 
—

 
—

 
(15,397
)
 
123,717

Depreciation
 
—

 
42,533

 
—

 
—

 
—

 
42,533

Impairment of contract drilling properties
 
—

 
8,314

 
—

 
—

 
—

 
8,314

Gas gathering and processing:
 
 
 
 
 
 
 
 
 
 
 
 
Operating costs
 
—

 
—

 
174,342

 
—

 
(49,261
)
 
125,081

Depreciation and amortization
 
—

 
—

 
32,518

 
—

 
—

 
32,518

Total expenses
 
1,476,933

 
189,961

 
206,860

 
—

 
(68,289
)
 
1,805,465

Total operating income (loss) (1)
 
(1,166,989
)
 
44,216

 
2,943

 
—

 
(3,696
)
 
(1,123,526
)
General and administrative expense
 
—

 
—

 
—

 
(26,637
)
 
—

 
(26,637
)
Gain (loss) on disposition of assets
 
—

 
(6,735
)
 
465

 
—

 
—

 
(6,270
)
Gain on derivatives
 
—

 
—

 
—

 
12,917

 
—

 
12,917

Interest expense, net
 
—

 
—

 
—

 
(23,482
)
 
—

 
(23,482
)
Other
 
—

 
—

 
—

 
38

 
—

 
38

Income (loss) before income taxes
 
$
(1,166,989
)
 
$
37,481

 
$
3,408

 
$
(37,164
)
 
$
(3,696
)
 
$
(1,166,960
)
_______________________
(1)
Operating income (loss) is total operating revenues less operating expenses, depreciation, depletion, amortization, and impairment and does not include general corporate expenses, gain (loss) on disposition of assets, gain on derivatives, interest expense, other income (loss), or income taxes.