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Business Segment Information (Tables)

12 Months Ended

Dec. 31, 2019

Segment Reporting [Abstract]

Summarized Financial Information of Segments

The following table summarizes financial information for the Company’s three business segments for the periods presented:

			Exploration and Production						Midstream						Well Services						Eliminations						Consolidated
			(In thousands)
Year Ended December 31, 2019
Revenues from external customers			$	1,817,532					$	212,238					$	41,974					$	—					$	2,071,744
Inter-segment revenues			—						276,189						79,686						(355,875)						—
Total revenues			1,817,532						488,427						121,660						(355,875)						2,071,744
Operating income (loss)			(71,191)						241,161						(2,024)						(13,523)						154,423
Other income (expense), net			(260,878)						(17,065)						158						—						(277,785)
Income (loss) before income taxes including non-controlling interests			$	(332,069)					$	224,096					$	(1,866)					$	(13,523)					$	(123,362)
Total assets(1)			$	6,567,735					$	1,101,401					$	25,866					$	(195,749)					$	7,499,253
Property, plant and equipment, net			6,127,952						1,078,903						1,670						(230,749)						6,977,776
Capital expenditures(2)			644,798						212,381						282						(14,093)						843,368
Depreciation, depletion and amortization			766,959						37,152						13,631						(30,550)						787,192
General and administrative			118,701						31,737						26,233						(33,165)						143,506
Equity-based compensation			32,251						1,744						1,397						(1,785)						33,607
Impairment			5,856						—						4,401						—						10,257
Year Ended December 31, 2018
Revenues from external customers			$	2,136,735					$	124,137					$	61,075					$	—					$	2,321,947
Inter-segment revenues			—						162,505						144,544						(307,049)						—
Total revenues			2,136,735						286,642						205,619						(307,049)						2,321,947
Operating income (loss)			(25,027)						143,126						30,988						(30,075)						119,012
Other income (expense), net			(142,265)						(2,125)						35						—						(144,355)
Income (loss) before income taxes including non-controlling interests			$	(167,292)					$	141,001					$	31,023					$	(30,075)					$	(25,343)
Total assets(1)			$	6,838,987					$	920,619					$	48,150					$	(181,614)					$	7,626,142
Property, plant and equipment, net			6,311,566						893,285						38,871						(216,613)						7,027,109
Capital expenditures(2)			1,948,076						277,626						7,831						(30,080)						2,203,453
Depreciation, depletion and amortization			618,402						29,282						15,698						(27,086)						636,296
General and administrative			102,482						24,700						23,282						(29,118)						121,346
Equity-based compensation			27,910						1,547						1,588						(1,772)						29,273
Impairment			384,228						—						—						—						384,228

Year Ended December 31, 2017
Revenues from external customers			$	1,168,176					$	72,752					$	52,791					$	—					$	1,293,719
Inter-segment revenues			—						113,047						95,345						(208,392)						—
Total revenues			1,168,176						185,799						148,136						(208,392)						1,293,719
Operating income			40,694						102,377						15,057						(14,160)						143,968
Other income (expense)			(219,823)						(37)						34						—						(219,826)
Income (loss) before income taxes including non-controlling interests			$	(179,129)					$	102,340					$	15,091					$	(14,160)					$	(75,858)
Total assets(1)			$	6,058,054					$	663,614					$	52,800					$	(151,539)					$	6,622,929
Property, plant and equipment, net			5,663,323						649,923						46,779						(186,539)						6,173,486
Capital expenditures(2)			602,734						235,090						12,537						(14,157)						836,204
Depreciation, depletion and amortization			519,853						15,999						12,939						(17,989)						530,802
General and administrative			77,560						19,583						24,359						(29,705)						91,797
Equity-based compensation			25,436						1,461						1,264						(1,627)						26,534
Impairment			6,887						—						—						—						6,887

__________________ 

(1)Intercompany receivables (payables) for all segments were reclassified to capital contributions from (distributions to) parent and not included in total assets.

(2)Capital expenditures reflected in the table above differ from the amounts for capital expenditures and acquisitions of oil and gas properties shown in the Company’s Consolidated Statements 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 Statements of Cash Flows are presented on a cash basis. Acquisitions totaled $21.0 million, $951.9 million and $54.0 million for the years ended December 31, 2019, 2018 and 2017, respectively, in the exploration and production segment. Additionally, capital expenditures reflected in the table includes consideration paid through the issuance of common stock in connection with the Permian Basin Acquisition for the year ended December 31, 2018.

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- 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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
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-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599

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-Publisher FASB
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-URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
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-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599

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