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CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
OPERATING REVENUES        
Natural gas $ 223,232 $ 224,806 $ 450,811 $ 584,997
Crude oil and condensate 46,156 81,233 76,833 143,791
Gain (loss) on derivative instruments (27,184) (6,819) (8,190) 27,304
Brokered natural gas 2,596 3,813 5,776 8,640
Other 2,016 3,264 3,527 6,330
TOTAL OPERATING REVENUES 246,816 306,297 528,757 771,062
OPERATING EXPENSES        
Direct operations 26,477 36,112 52,513 72,129
Transportation and gathering 107,560 98,295 217,213 219,531
Brokered natural gas 2,021 2,885 4,587 6,624
Taxes other than income 8,973 11,611 14,967 22,891
Exploration 3,738 5,298 10,121 14,030
Depreciation, depletion and amortization 147,533 152,513 309,420 328,009
General and administrative 20,247 19,978 48,621 42,507
TOTAL OPERATING EXPENSES 316,549 326,692 657,442 705,721
Earnings (loss) on equity method investments (73) 1,512 1,935 2,933
Gain (loss) on sale of assets (878) (79) 477 59
INCOME (LOSS) FROM OPERATIONS (70,684) (18,962) (126,273) 68,333
Loss on debt extinguishment 4,709 0 4,709 0
Interest expense 21,963 24,168 46,338 47,734
Income (loss) before income taxes (97,356) (43,130) (177,320) 20,599
Income tax expense (benefit) (34,446) (15,622) (63,216) 7,852
NET INCOME (LOSS) $ (62,910) $ (27,508) $ (114,104) $ 12,747
Earnings (loss) per share        
Basic (in dollars per share) $ (0.14) $ (0.07) $ (0.25) $ 0.03
Diluted (in dollars per share) $ (0.14) $ (0.07) $ (0.25) $ 0.03
Weighted-average common shares outstanding        
Basic (in shares) 465,068 413,713 448,455 413,530
Diluted (in shares) 465,068 413,713 448,455 414,878
Dividends per common share (in dollars per share) $ 0.02 $ 0.02 $ 0.04 $ 0.04