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CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
OPERATING REVENUES        
Natural gas $ 224,806 $ 437,761 $ 584,997 $ 870,571
Crude oil and condensate 81,233 86,341 143,791 145,485
Gain (loss) on derivative instruments (6,819) (2,329) 27,304 (2,329)
Brokered natural gas 3,813 8,140 8,640 21,293
Other 3,264 3,274 6,330 7,970
TOTAL OPERATING REVENUES 306,297 533,187 771,062 1,042,990
OPERATING EXPENSES        
Direct operations 36,112 35,605 72,129 71,439
Transportation and gathering 98,295 83,976 219,531 161,741
Brokered natural gas 2,885 7,031 6,624 18,891
Taxes other than income 11,611 12,816 22,891 25,860
Exploration 5,298 4,676 14,030 11,150
Depreciation, depletion and amortization 152,513 157,563 328,009 304,981
General and administrative 19,978 20,127 42,507 41,763
TOTAL OPERATING EXPENSES 326,692 321,794 705,721 635,825
Earnings (loss) on equity method investments 1,512 756 2,933 756
Gain (loss) on sale of assets (79) (1,496) 59 (2,781)
INCOME (LOSS) FROM OPERATIONS (18,962) 210,653 68,333 405,140
Interest expense 24,168 16,334 47,734 32,891
Income (loss) before income taxes (43,130) 194,319 20,599 372,249
Income tax (benefit) expense (15,622) 75,899 7,852 146,798
NET INCOME (LOSS) $ (27,508) $ 118,420 $ 12,747 $ 225,451
Earnings (loss) per share        
Basic (in dollars per share) $ (0.07) $ 0.28 $ 0.03 $ 0.54
Diluted (in dollars per share) $ (0.07) $ 0.28 $ 0.03 $ 0.54
Weighted-average common shares outstanding        
Basic (in shares) 413,713 417,291 413,530 417,097
Diluted (in shares) 413,713 419,092 414,878 418,742
Dividends per common share (in dollars per share) $ 0.02 $ 0.02 $ 0.04 $ 0.04