XML 46 R4.htm IDEA: XBRL DOCUMENT v3.3.0.814
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Operating revenue:        
Oil production $ 105,013 $ 123,795 $ 324,105 $ 404,477
Natural gas production 17,367 30,154 72,611 133,183
Natural gas liquids production 5,980 21,014 29,379 64,920
Other operational income 1,392 2,468 3,184 5,515
Derivative income, net 2,444 5,782 4,871 2,667
Total operating revenue 132,196 183,213 434,150 610,762
Operating expenses:        
Lease operating expenses 24,244 43,561 79,250 139,918
Transportation, processing and gathering expenses 18,208 16,721 55,851 45,445
Production taxes 2,052 3,651 6,394 9,970
Depreciation, depletion and amortization 61,936 80,291 226,309 255,772
Write-down of oil and gas properties 295,679 47,130 1,011,385 47,130
Accretion expense 6,498 6,539 19,315 21,827
Salaries, general and administrative expenses 19,552 16,286 52,977 49,252
Incentive compensation expense 794 3,092 3,621 10,129
Other operational expenses 442 298 1,612 510
Total operating expenses 429,405 217,569 1,456,714 579,953
Income (loss) from operations (297,209) (34,356) (1,022,564) 30,809
Other (income) expenses:        
Interest expense 10,872 10,323 31,709 28,593
Interest income (47) (169) (235) (505)
Other income (411) (695) (1,167) (2,124)
Other expense 148 95 148 274
Total other expenses 10,562 9,554 30,455 26,238
Income (loss) before income taxes (307,771) (43,910) (1,053,019) 4,571
Provision (benefit) for income taxes:        
Deferred (15,806) (14,495) (280,760) 3,599
Total income taxes (15,806) (14,495) (280,760) 3,599
Net income (loss) $ (291,965) $ (29,415) $ (772,259) $ 972
Basic earnings (loss) per share (usd per share) $ (5.28) $ (0.54) $ (13.98) $ 0.02
Diluted earnings (loss) per share (usd per share) $ (5.28) $ (0.54) $ (13.98) $ 0.02
Average shares outstanding (in shares) 55,282 54,866 55,238 51,998
Average shares outstanding assuming dilution (in shares) 55,282 54,866 55,238 52,139