XML 20 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
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, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Operating revenues:        
Oil, gas, and NGL production revenue $ 291,142 $ 441,256 $ 502,965 $ 834,571
Net gain (loss) on divestiture activity (note 3) 50,046 71,884 (18,975) 36,082
Other operating revenues 626 3,006 900 11,427
Total operating revenues and other income 341,814 516,146 484,890 882,080
Operating expenses:        
Oil, gas, and NGL production expense 148,591 173,685 293,134 369,836
Depletion, depreciation, amortization, and asset retirement obligation liability accretion 211,020 219,704 425,227 437,105
Exploration 13,187 25,541 28,460 62,948
Impairment of proved properties 0 12,914 269,785 68,440
Abandonment and impairment of unproved properties 38 5,819 2,349 17,446
General and administrative 28,200 42,605 60,438 86,244
Change in Net Profits Plan liability 3,125 (4,476) 1,865 (8,810)
Derivative (gain) loss 163,351 80,929 149,123 (73,238)
Other operating expenses 4,851 10,304 11,783 27,423
Total operating expenses 572,363 567,025 1,242,164 987,394
Loss from operations (230,549) (50,879) (757,274) (105,314)
Non-operating income (expense):        
Interest income 5 25 11 596
Interest expense (34,035) (30,779) (65,123) (63,426)
Gain (loss) on extinguishment of debt 0 (16,578) 15,722 (16,578)
Loss before income taxes (264,579) (98,211) (806,664) (184,722)
Income tax benefit 95,898 40,703 290,773 74,156
Net loss $ (168,681) $ (57,508) $ (515,891) $ (110,566)
Basic weighted-average common shares outstanding 68,102 67,483 68,090 67,473
Diluted weighted-average common shares outstanding 68,102 67,483 68,090 67,473
Basic net loss per common share $ (2.48) $ (0.85) $ (7.58) $ (1.64)
Diluted net loss per common share (2.48) (0.85) (7.58) (1.64)
Dividends per common share $ 0.00 $ 0.00 $ 0.05 $ 0.05