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CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
OPERATING REVENUES    
Natural gas $ 433,442 $ 227,578
Crude oil and condensate 42,990 30,676
Gain on derivative instruments 33,384 18,994
Brokered natural gas 4,695 3,180
Other 3,332 1,513
TOTAL OPERATING REVENUES 517,843 281,941
OPERATING EXPENSES    
Direct operations 24,641 26,035
Transportation and gathering 123,474 109,652
Brokered natural gas 4,046 2,566
Taxes other than income 9,058 5,994
Exploration 6,198 6,383
Depreciation, depletion and amortization 135,100 161,887
General and administrative 23,700 27,873
TOTAL OPERATING EXPENSES 326,217 340,390
Earnings (loss) on equity method investments (1,283) 2,009
Gain (loss) on sale of assets (223) 1,354
INCOME (LOSS) FROM OPERATIONS 190,120 (55,086)
Interest expense 20,771 24,375
Other expense 424 503
Income (loss) before income taxes 168,925 (79,964)
Income tax expense (benefit) 63,205 (28,770)
NET INCOME (LOSS) $ 105,720 $ (51,194)
Earnings (loss) per share    
Basic (in dollars per share) $ 0.23 $ (0.12)
Diluted (in dollars per share) $ 0.23 $ (0.12)
Weighted-average common shares outstanding    
Basic (in shares) 465,348 431,841
Diluted (in shares) 466,888 431,841
Dividends per common share (in dollars per share) $ 0.02 $ 0.02