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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) (in thousands, except per share amounts) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Operating revenues:        
Oil, gas, and NGL production revenue $ 441,256 $ 654,661 $ 834,571 $ 1,277,770
Gain on divestiture activity 71,884 2,526 36,082 5,484
Other operating revenues 3,006 17,793 11,427 24,446
Total operating revenues and other income 516,146 674,980 882,080 1,307,700
Operating expenses:        
Oil, gas, and NGL production expense 173,685 177,598 369,836 341,307
Depletion, depreciation, amortization, and asset retirement obligation liability accretion 219,704 187,781 437,105 364,996
Exploration 25,541 24,270 62,948 45,605
Impairment of proved properties 12,914 0 68,440 0
Abandonment and impairment of unproved properties 5,819 164 17,446 2,965
General and administrative 42,605 38,115 86,244 73,166
Change in Net Profits Plan liability (4,476) (7,105) (8,810) (8,881)
Derivative (gain) loss 80,929 126,469 (73,238) 224,131
Other operating expenses 10,304 5,972 27,423 14,061
Total operating expenses 567,025 553,264 987,394 1,057,350
Income (loss) from operations (50,879) 121,716 (105,314) 250,350
Non-operating income (expense):        
Other, net 25 (1,847) 596 (1,821)
Interest expense (30,779) (24,040) (63,426) (48,230)
Loss on extinguishment of debt (16,578) 0 (16,578) 0
Income (loss) before income taxes (98,211) 95,829 (184,722) 200,299
Income tax (expense) benefit 40,703 (36,049) 74,156 (74,912)
Net income (loss) $ (57,508) $ 59,780 $ (110,566) $ 125,387
Basic weighted-average common shares outstanding 67,483 67,069 67,473 67,063
Diluted weighted-average common shares outstanding 67,483 68,239 67,473 68,180
Basic net income (loss) per common share $ (0.85) $ 0.89 $ (1.64) $ 1.87
Diluted net income (loss) per common share (0.85) 0.88 (1.64) 1.84
Dividends per common share $ 0.00 $ 0.00 $ 0.05 $ 0.05