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Business Segment Information (Tables)

9 Months Ended

Sep. 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 September 30, 2020:
Revenues from non-affiliates			$	215,636					$	55,423											$	—					$	271,059
Inter-segment revenues			—						54,638												(54,638)						—
Total revenues			215,636						110,061												(54,638)						271,059

Operating income (loss)			(8,603)						48,132												(1,005)						38,524
Other expense, net			(87,953)						(2,812)												—						(90,765)
Income (loss) before income taxes including non-controlling interests			$	(96,556)					$	45,320											$	(1,005)					$	(52,241)
General and administrative expenses			$	44,088					$	9,089											$	(3,926)					$	49,251
Equity-based compensation expenses			4,502						400												(68)						4,834
Three months ended September 30, 2019:
Revenues from non-affiliates			$	432,720					$	50,023											$	—					$	482,743
Inter-segment revenues			—						73,388												(73,388)						—
Total revenues			432,720						123,411												(73,388)						482,743
Operating income (loss)			(52,529)						64,299												(3,329)						8,441
Other income (expense), net			9,010						(4,512)												—						4,498
Income (loss) before income taxes including non-controlling interests			$	(43,519)					$	59,787											$	(3,329)					$	12,939
General and administrative expenses			$	29,409					$	7,842											$	(4,391)					$	32,860
Equity-based compensation expenses			8,247						383												(184)						8,446
Nine months ended September 30, 2020:
Revenues from non-affiliates			$	668,849					$	156,360											$	—					$	825,209
Inter-segment revenues			—						160,377												(160,377)						—
Total revenues			668,849						316,737												(160,377)						825,209
Operating income (loss)			(4,866,759)						36,526												(4,995)						(4,835,228)
Other income (expense), net			140,580						(38,568)												—						102,012
Loss before income taxes including non-controlling interests			$	(4,726,179)					$	(2,042)											$	(4,995)					$	(4,733,216)
General and administrative expenses			$	103,051					$	26,995											$	(12,178)					$	117,868
Equity-based compensation expenses			15,909						1,031												(409)						16,531
Nine months ended September 30, 2019:
Revenues from non-affiliates			$	1,438,235					$	149,645											$	—					$	1,587,880
Inter-segment revenues			—						199,793												(199,793)						—
Total revenues			1,438,235						349,438												(199,793)						1,587,880
Operating income (loss)			(30,734)						169,321												(8,130)						130,457
Other expense, net			(153,325)						(12,460)												—						(165,785)
Income (loss) before income taxes including non-controlling interests			$	(184,059)					$	156,861											$	(8,130)					$	(35,328)
General and administrative expenses			$	86,800					$	24,683											$	(13,238)					$	98,245
Equity-based compensation expenses			25,683						1,363												(676)						26,370
At September 30, 2020:
Property, plant and equipment, net			$	1,197,626					$	962,209											$	(43,981)					$	2,115,854
Total assets			1,499,941						1,050,817												(43,981)						2,506,777
At December 31, 2019:
Property, plant and equipment, net			$	5,939,389					$	1,078,903											$	(40,516)					$	6,977,776
Total assets			6,418,610						1,121,159												(40,516)						7,499,253

X

- 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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