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CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
OPERATING REVENUES    
Natural gas $ 227,578 $ 360,191
Crude oil and condensate 30,676 62,558
Gain (loss) on derivative instruments 18,994 34,123
Brokered natural gas 3,180 4,827
Other 1,513 3,066
TOTAL OPERATING REVENUES 281,941 464,765
OPERATING EXPENSES    
Direct operations 26,035 36,017
Transportation and gathering 109,652 121,235
Brokered natural gas 2,566 3,739
Taxes other than income 5,994 11,280
Exploration 6,383 8,732
Depreciation, depletion and amortization 161,887 175,497
General and administrative 28,376 22,529
TOTAL OPERATING EXPENSES 340,893 379,029
Earnings (loss) on equity method investments 2,009 1,421
Gain (loss) on sale of assets 1,354 138
INCOME (LOSS) FROM OPERATIONS (55,589) 87,295
Interest expense 24,375 23,566
Income (loss) before income taxes (79,964) 63,729
Income tax expense (benefit) (28,770) 23,474
NET INCOME (LOSS) $ (51,194) $ 40,255
Earnings (loss) per share    
Basic (in dollars per share) $ (0.12) $ 0.10
Diluted (in dollars per share) $ (0.12) $ 0.10
Weighted-average common shares outstanding    
Basic (in shares) 431,841 413,344
Diluted (in shares) 431,841 414,771
Dividends per common share (in dollars per share) $ 0.02 $ 0.02