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CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
OPERATING REVENUES      
Natural gas $ 1,506,078 $ 1,022,590 $ 1,025,044
Crude oil and condensate 212,338 151,106 248,211
Gain (loss) on derivative instruments 16,926 (38,950) 56,686
Brokered natural gas 17,217 13,569 16,383
Other 11,660 7,362 10,826
TOTAL OPERATING REVENUES 1,764,219 1,155,677 1,357,150
OPERATING EXPENSES      
Direct operations 102,310 100,696 140,814
Transportation and gathering 481,439 436,542 427,588
Brokered natural gas 15,252 10,785 12,592
Taxes other than income 33,487 29,223 42,809
Exploration 21,526 27,662 27,460
Depreciation, depletion and amortization 568,817 590,128 622,211
Impairment of oil and gas properties and other assets 482,811 435,619 114,875
General and administrative 97,786 85,633 67,996
TOTAL OPERATING EXPENSES 1,803,428 1,716,288 1,456,345
Earnings (loss) on equity method investments (100,486) (2,477) 6,415
Gain (loss) on sale of assets (11,565) (1,857) 3,866
LOSS FROM OPERATIONS (151,260) (564,945) (88,914)
Interest expense, net 82,130 88,336 96,911
Loss on debt extinguishment 0 4,709 0
Other expense (income) (4,955) 1,609 1,448
Loss before income taxes (228,435) (659,599) (187,273)
Income tax benefit (328,828) (242,475) (73,382)
NET INCOME (LOSS) $ 100,393 $ (417,124) $ (113,891)
Earnings (loss) per share      
Basic (in dollars per share) $ 0.22 $ (0.91) $ (0.28)
Diluted (in dollars per share) $ 0.22 $ (0.91) $ (0.28)
Weighted-average common shares outstanding      
Basic (in shares) 463,735 456,847 413,696
Diluted (in shares) 465,551 456,847 413,696
Dividends per common share (in dollars per share) $ 0.17 $ 0.08 $ 0.08