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CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2014
Sep. 30, 2014
Jun. 30, 2014
Mar. 31, 2014
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Operating revenue:                      
Oil production                 $ 416,497 $ 516,104 $ 715,104
Natural gas production                 83,509 166,494 190,580
Natural gas liquids production                 32,322 85,642 60,687
Other operational income                 4,369 7,951 7,808
Derivative income, net                 7,952 19,351 0
Total operating revenue $ 110,499 $ 132,196 $ 149,525 $ 153,498 $ 184,780 $ 183,213 $ 207,046 $ 223,830 544,649 795,542 974,179
Operating expenses:                      
Lease operating expenses                 100,139 176,495 201,153
Transportation, processing and gathering expenses                 58,847 64,951 42,172
Production taxes                 6,877 12,151 15,029
Depreciation, depletion and amortization                 281,688 340,006 350,574
Write-down of oil and gas properties 351,062 295,679 224,294 491,412 304,062 47,130 0 0 1,362,447 351,192 0
Accretion expense                 25,988 28,411 33,575
Salaries, general and administrative expenses                 69,384 66,451 59,524
Franchise tax settlement                 0 0 12,590
Incentive compensation expense                 2,242 10,361 15,340
Other operational expenses                 2,360 862 151
Derivative expense, net                 0 0 2,090
Total operating expenses                 1,909,972 1,050,880 732,198
Income (loss) from operations (342,759) (297,209) (228,161) (497,194) (286,147) (34,356) 16,613 48,552 (1,365,323) (255,338) 241,981
Other (income) expenses:                      
Interest expense                 43,928 38,855 32,837
Interest income                 (580) (574) (1,695)
Other income                 (1,783) (2,332) (2,799)
Other expense                 434 274 0
Loss on early extinguishment of debt                 0 0 27,279
Total other expenses                 41,999 36,223 55,622
Income (loss) before income taxes                 (1,407,322) (291,561) 186,359
Provision (benefit) for income taxes:                      
Current                 (44,096) 159 (10,904)
Deferred                 (272,311) (102,177) 79,629
Total income taxes                 (316,407) (102,018) 68,725
Net income (loss) $ (318,656) $ (291,965) $ (152,906) $ (327,388) $ (190,515) $ (29,415) $ 4,444 $ 25,943 $ (1,090,915) $ (189,543) $ 117,634
Basic earnings (loss) per share (in usd per share) $ (5.76) $ (5.28) $ (2.77) $ (5.93) $ (3.47) $ (0.54) $ 0.08 $ 0.52 $ (19.75) $ (3.60) $ 2.36
Diluted earnings (loss) per share (in usd per share) $ (5.76) $ (5.28) $ (2.77) $ (5.93) $ (3.47) $ (0.54) $ 0.08 $ 0.52 $ (19.75) $ (3.60) $ 2.36
Average shares outstanding (in shares)                 55,250 52,721 48,693
Average shares outstanding assuming dilution (in shares)                 55,250 52,721 48,735