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CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
OPERATING REVENUES      
Total revenues from contracts with customers $ 1,985,469 $ 2,143,716 $ 1,747,293
Gain on derivative instruments 80,808 44,432 16,926
Total operating revenues 2,066,277 2,188,148 1,764,219
OPERATING EXPENSES      
Direct operations 76,958 69,646 102,310
Taxes other than income 17,053 22,642 33,487
Exploration 20,270 113,820 21,526
Depreciation, depletion and amortization 405,733 417,479 568,817
Impairment of oil and gas properties 0 0 482,811
General and administrative 94,870 96,641 97,786
TOTAL OPERATING EXPENSES 1,189,561 1,401,157 1,803,428
Earnings (loss) on equity method investments 80,496 1,137 (100,486)
Loss on sale of assets (1,462) (16,327) (11,565)
INCOME (LOSS) FROM OPERATIONS 955,750 771,801 (151,260)
Interest expense, net 54,952 73,201 82,130
Other expense (income) 574 463 (4,955)
Income (loss) before income taxes 900,224 698,137 (228,435)
Income tax expense (benefit) 219,154 141,094 (328,828)
NET INCOME $ 681,070 $ 557,043 $ 100,393
Earnings per share      
Basic (in dollars per share) $ 1.64 $ 1.25 $ 0.22
Diluted (in dollars per share) $ 1.63 $ 1.24 $ 0.22
Weighted-average common shares outstanding      
Basic (in shares) 415,514 445,538 463,735
Diluted (in shares) 417,451 447,568 465,551
Natural gas      
OPERATING REVENUES      
Total revenues from contracts with customers $ 1,985,240 $ 1,881,150 $ 1,506,078
Crude oil and condensate      
OPERATING REVENUES      
Total revenues from contracts with customers 0 48,722 212,338
Brokered natural gas      
OPERATING REVENUES      
Total revenues from contracts with customers 0 209,530 17,217
OPERATING EXPENSES      
Operating expenses 0 184,198 15,252
Other      
OPERATING REVENUES      
Total revenues from contracts with customers 229 4,314 11,660
Transportation and gathering      
OPERATING EXPENSES      
Operating expenses $ 574,677 $ 496,731 $ 481,439