XML 66 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Operating revenues and other income:      
Oil, gas, and NGL production revenue $ 2,199,550 $ 1,473,868 $ 1,332,392
Realized hedge (loss) gain (1,777) 3,866 (20,707)
Gain (loss) on divestiture activity 27,974 (27,018) 220,676
Marketed gas system revenue 60,039 52,808 69,898
Other operating revenue 7,588 1,578 1,059
Total operating revenues and other income 2,293,374 1,505,102 1,603,318
Operating Expenses      
Oil, gas, and NGL production expense 597,045 391,872 290,111
Depletion, depreciation, amortization, and asset retirement obligation liability accretion 822,872 727,877 511,103
Exploration 74,104 90,248 53,537
Impairment of proved properties 172,641 208,923 219,037
Abandonment and impairment of unproved properties 46,105 16,342 7,367
General and administrative 149,551 119,815 118,526
Change in Net Profits Plan liability (21,842) (28,904) (25,477)
Derivative gain (3,080) [1] (55,630) [1] (37,086) [1]
Marketed gas system expense 57,647 47,583 64,249
Other operating expense 30,076 6,993 17,567
Total operating expenses 1,925,119 1,525,119 1,218,934
Income (loss) from operations 368,255 (20,017) 384,384
Nonoperating income (expense):      
Interest income 67 220 466
Interest expense (89,711) (63,720) (45,849)
Income (loss) before income taxes 278,611 (83,517) 339,001
Income tax (expense) benefit (107,676) 29,268 (123,585)
Net income (loss) $ 170,935 $ (54,249) $ 215,416
Basic weighted-average common shares outstanding 66,615 65,138 63,755
Diluted weighted-average common shares outstanding 67,998 65,138 67,564
Basic net income (loss) per common share $ 2.57 $ (0.83) $ 3.38
Diluted net income (loss) per common share $ 2.51 $ (0.83) $ 3.19
[1] Total derivative gain is reported in the derivative gain line item on the consolidated statements of cash flows within net cash provided by operating activities.