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Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Net Operating Revenues        
Crude Oil and Condensate $ 1,059,690 $ 1,452,756 $ 1,813,401 $ 2,713,000
Natural Gas Liquids 111,643 103,930 186,962 215,920
Natural Gas 155,983 274,038 321,486 561,820
Gains on Mark-to-Market Commodity Derivative Contracts (44,373) (48,493) (38,938) 27,715
Gathering, Processing and Marketing 485,256 678,356 819,209 1,248,626
Losses on Asset Dispositions, Net (15,550) (5,564) (6,403) (3,957)
Other, Net 23,091 14,678 34,372 25,115
Total 1,775,740 2,469,701 3,130,089 4,788,239
Operating Expenses        
Lease and Well 218,393 289,664 459,258 651,145
Transportation Costs 179,471 209,833 369,925 438,145
Gathering and Processing Costs 29,226 34,997 57,750 71,006
Exploration Costs 30,559 43,755 60,388 83,204
Dry Hole Costs (172) (551) 74 14,119
Impairments 72,714 68,519 144,331 137,955
Marketing Costs 480,046 670,169 820,900 1,308,831
Depreciation, Depletion and Amortization 862,491 909,227 1,791,382 1,822,015
General and Administrative 97,705 82,324 198,236 166,621
Taxes Other Than Income 93,480 122,138 154,159 228,567
Total 2,063,913 2,430,075 4,056,403 4,921,608
Operating Income (Loss) (288,173) 39,626 (926,314) (133,369)
Other Income (Expense), Net (20,996) 9,380 (25,433) (611)
Income (Loss) Before Interest Expense and Income Taxes (309,169) 49,006 (951,747) (133,980)
Interest Expense        
Interest Expense, Net 71,108 60,484 139,498 113,829
Loss Before Income Taxes (380,277) (11,478) (1,091,245) (247,809)
Income Tax Benefit (87,719) (16,746) (326,911) (83,329)
Net Income (Loss) $ (292,558) $ 5,268 $ (764,334) $ (164,480)
Net Income (Loss) Per Share        
Basic $ (0.53) $ 0.01 $ (1.40) $ (0.30)
Diluted (0.53) 0.01 (1.40) (0.30)
Dividends Declared per Common Share $ 0.1675 $ 0.1675 $ 0.3350 $ 0.3350
Average Number of Common Shares        
Basic 547,335 545,504 547,029 545,245
Diluted 547,335 549,683 547,029 545,245
Comprehensive Income (Loss)        
Net Income (Loss) $ (292,558) $ 5,268 $ (764,334) $ (164,480)
Other Comprehensive Income (Loss)        
Foreign Currency Translation Adjustments 5,844 8,404 8,029 (4,763)
Other 23 27 45 (184)
Other Comprehensive Income (Loss) 5,867 8,431 8,074 (4,947)
Comprehensive Income (Loss) $ (286,691) $ 13,699 $ (756,260) $ (169,427)