Business Segment Information (Tables)

12 Months Ended

Dec. 31, 2013

Summarized Financial Information of Segments

Management evaluates the performance of the Company’s business segments based on operating income, which is defined as segment operating revenues less operating expenses, including depreciation, depletion and amortization. Summarized financial information for the Company’s three business segments is shown in the following table:



	Exploration and Production			Well Services			Midstream Services			Consolidated
	(In thousands)
Year Ended December 31, 2013
Revenues	$	1,084,412		$	180,686		$	29,230		$	1,294,328
Inter-segment revenues	—			(128,841		)	(23,488		)	(152,329		)
Total revenues	1,084,412			51,845			5,742			1,141,999
Operating income	486,697			14,305			3,396			504,398
Other income (expense)	(141,397		)	16			—			(141,381		)
Income before income taxes	345,300			14,321			3,396			363,017
Total assets⁽¹⁾	4,532,264			70,708			108,952			4,711,924
Capital expenditures⁽²⁾	2,472,126			15,217			18,955			2,506,298
Depreciation, depletion and amortization	304,389			2,091			575			307,055
Year Ended December 31, 2012
Revenues	$	670,491		$	82,481		$	—		$	752,972
Inter-segment revenues	—			(66,304		)	—			(66,304		)
Total revenues	670,491			16,177			—			686,668
Operating income	276,740			253			—			276,993
Other income (expense)	(31,120		)	1			—			(31,119		)
Income before income taxes	245,620			254			—			245,874
Total assets	2,475,820			52,974			—			2,528,794
Capital expenditures⁽²⁾	1,132,894			15,679			—			1,148,573
Depreciation, depletion and amortization	206,127			607			—			206,734


(1)	Total assets for the exploration and production segment includes $137.1 million of assets held for sale as of December 31, 2013.


(2)	Capital expenditures reflected in the table above differ from the amounts shown in the Consolidated Statement of Cash Flows because amounts reflected in the table include changes in accrued liabilities from the previous reporting period for capital expenditures, while the amounts presented in the Consolidated Statement of Cash Flows are presented on a cash basis.

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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