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Business Segment Information (Tables)

6 Months Ended

Jun. 30, 2020

Segment Reporting [Abstract]

Summarized Financial Information of Segments

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

			Exploration and Production						Midstream												Eliminations						Consolidated
			(In thousands)
Three months ended June 30, 2020:
Revenues from non-affiliates			$	121,826					$	44,526											$	—					$	166,352
Inter-segment revenues			—						37,195												(37,195)						—
Total revenues			121,826						81,721												(37,195)						166,352
Operating income (loss)			(40,901)						30,620												(943)						(11,224)
Other expense, net			(75,465)						(5,273)												—						(80,738)
Income (loss) before income taxes including non-controlling interests			$	(116,366)					$	25,347											$	(943)					$	(91,962)
General and administrative expenses			$	32,290					$	9,304											$	(4,151)					$	37,443
Equity-based compensation expenses			4,811						203												(124)						4,890
Three months ended June 30, 2019:
Revenues from non-affiliates			$	477,804					$	51,601											$	—					$	529,405
Inter-segment revenues			—						67,844												(67,844)						—
Total revenues			477,804						119,445												(67,844)						529,405
Operating income			19,457						55,216												(3,101)						71,572
Other expense, net			(3,958)						(4,200)												—						(8,158)
Income before income taxes including non-controlling interests			$	15,499					$	51,016											$	(3,101)					$	63,414
General and administrative expenses			$	27,572					$	7,980											$	(4,626)					$	30,926
Equity-based compensation expenses			8,681						515												(285)						8,911

Six months ended June 30, 2020:
Revenues from non-affiliates			$	453,213					$	100,937											$	—					$	554,150
Inter-segment revenues			—						105,739												(105,739)						—
Total revenues			453,213						206,676												(105,739)						554,150
Operating loss			(4,858,156)						(11,606)												(3,990)						(4,873,752)
Other income (expense), net			228,533						(35,756)												—						192,777
Loss before income taxes including non-controlling interests			$	(4,629,623)					$	(47,362)											$	(3,990)					$	(4,680,975)
General and administrative expenses			$	58,963					$	17,906											$	(8,252)					$	68,617
Equity-based compensation expenses			11,407						631												(341)						11,697
Six months ended June 30, 2019:
Revenues from non-affiliates			$	1,005,515					$	99,622											$	—					$	1,105,137
Inter-segment revenues			—						126,405												(126,405)						—
Total revenues			1,005,515						226,027												(126,405)						1,105,137
Operating income			21,795						105,022												(4,801)						122,016
Other expense, net			(162,335)						(7,948)												—						(170,283)
Income (loss) before income taxes including non-controlling interests			$	(140,540)					$	97,074											$	(4,801)					$	(48,267)
General and administrative expenses			$	57,391					$	16,841											$	(8,847)					$	65,385
Equity-based compensation expenses			17,436						980												(492)						17,924
At June 30, 2020:
Property, plant and equipment, net			$	1,219,119					$	976,463											$	(43,392)					$	2,152,190
Total assets(1)			1,610,466						1,058,552												(43,392)						2,625,626
At December 31, 2019:
Property, plant and equipment, net			$	5,939,389					$	1,078,903											$	(40,516)					$	6,977,776
Total assets(1)			6,418,610						1,121,159												(40,516)						7,499,253

___________________

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

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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=120311839&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

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- References

No definition available.

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