Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements Of Operations

v3.3.0.814
Condensed Consolidated Statements Of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Income Statement [Abstract]        
Revenues $ 126,228 $ 234,521 $ 403,201 $ 752,031
Operating costs and expenses:        
Lease operating expenses 45,039 71,732 143,500 189,116
Production taxes 889 1,794 2,526 5,628
Gathering and transportation 3,572 4,115 13,189 13,396
Depreciation, depletion, amortization and accretion 97,329 128,671 326,138 380,213
Ceiling test write-down of oil and natural gas properties 441,688 0 954,850 0
General and administrative expenses 16,515 21,007 57,038 64,277
Derivative (gain) loss (10,231) (13,781) (9,153) 6,790
Total costs and expenses 594,801 213,538 1,488,088 659,420
Operating income (loss) (468,573) 20,983 (1,084,887) 92,611
Interest expense:        
Incurred 28,754 21,783 77,816 64,703
Capitalized (2,203) (2,191) (6,010) (6,422)
Other (income) expense, net 964 (197) 2,647 (205)
Income (loss) before income tax expense (benefit) (496,088) 1,588 (1,159,340) 34,535
Income tax expense (benefit) (18,520) 904 (166,228) 12,825
Net income (loss) $ (477,568) $ 684 $ (993,112) $ 21,710
Basic and diluted earnings (loss) per common share $ (6.29) $ 0.01 $ (13.08) $ 0.28
Dividends declared per common share $ 0 $ 0.10 $ 0 $ 0.30