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CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
OPERATING REVENUES        
Natural gas $ 260,200 $ 222,963 $ 711,010 $ 807,960
Crude oil and condensate 37,777 59,014 114,610 202,804
Gain (loss) on derivative instruments 6,904 17,364 (1,286) 44,668
Brokered natural gas 3,641 4,010 9,417 12,650
Other 1,907 1,945 5,435 8,277
TOTAL OPERATING REVENUES 310,429 305,296 839,186 1,076,359
OPERATING EXPENSES        
Direct operations 24,626 34,818 77,139 106,947
Transportation and gathering 105,671 102,121 322,883 321,652
Brokered natural gas 2,939 3,020 7,526 9,643
Taxes other than income 8,771 11,407 23,737 34,298
Exploration 2,988 4,930 13,109 18,960
Depreciation, depletion and amortization 139,490 144,326 448,910 472,335
General and administrative 19,776 11,102 68,399 53,611
TOTAL OPERATING EXPENSES 304,261 311,724 961,703 1,017,446
Earnings (loss) on equity method investments (1,727) 1,648 208 4,581
Gain (loss) on sale of assets (1,245) 3,756 (768) 3,814
INCOME (LOSS) FROM OPERATIONS 3,196 (1,024) (123,077) 67,308
Loss on debt extinguishment 0 0 4,709 0
Interest expense 21,483 24,510 67,821 72,244
Income (loss) before income taxes (18,287) (25,534) (195,607) (4,936)
Income tax expense (benefit) (8,027) (10,020) (71,243) (2,169)
NET INCOME (LOSS) $ (10,260) $ (15,514) $ (124,364) $ (2,767)
Earnings (loss) per share        
Basic (in dollars per share) $ (0.02) $ (0.04) $ (0.27) $ (0.01)
Diluted (in dollars per share) $ (0.02) $ (0.04) $ (0.27) $ (0.01)
Weighted-average common shares outstanding        
Basic (in shares) 465,149 413,846 454,060 413,636
Diluted (in shares) 465,149 413,846 454,060 413,636
Dividends per common share (in dollars per share) $ 0.02 $ 0.02 $ 0.06 $ 0.06