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Segment Information (Tables)

6 Months Ended

Jun. 30, 2021

Segment Reporting [Abstract]

Industry Segment Results

Industry segment results for the three months ended June 30, 2021 are:

									Shale						Coalbed Methane						Other						Consolidated
Natural Gas, NGL and Oil Revenue									$	332,659					$	36,505					$	285					$	369,449																										(A)
Purchased Gas Revenue									—						—						16,706						16,706
Loss on Commodity Derivative Instruments									(9,394)						(962)						(528,503)						(538,859)
Other Revenue and Operating Income									18,679						—						6,815						25,494																											(B)
Total Revenue and Other Operating Income (Loss)									$	341,944					$	35,543					$	(504,697)					$	(127,210)
Total Operating Expense									$	191,996					$	28,204					$	60,511					$	280,711
Earnings (Loss) Before Income Tax									$	149,948					$	7,339					$	(603,463)					$	(446,176)
Segment Assets									$	6,095,486					$	1,069,470					$	907,154					$	8,072,110																										(C)
Depreciation, Depletion and Amortization									$	104,380					$	14,264					$	3,963					$	122,607
Capital Expenditures									$	127,230					$	1,502					$	226					$	128,958

(A)    Included in Total Natural Gas, NGL and Oil Revenue are sales of $60,162 to Citadel Energy Marketing LLC, which comprises over 10% of revenue from contracts with external customers for the period.

(B)    Includes midstream revenue of $18,679 and equity in earnings of unconsolidated affiliates of $1,553 for Shale and Other, respectively.

(C)    Includes investments in unconsolidated equity affiliates of $16,726.

Industry segment results for the three months ended June 30, 2020 are:

 

									Shale						Coalbed Methane						Other						Consolidated
Natural Gas, NGL and Oil Revenue									$	152,627					$	22,929					$	220					$	175,776																										(D)
Purchased Gas Revenue									—						—						20,424						20,424
Gain (Loss) on Commodity Derivative Instruments									100,262						13,005						(176,570)						(63,303)																											(E)
Other Revenue and Operating Income									12,191						—						3,753						15,944																											(F)
Total Revenue and Other Operating Income (Loss)									$	265,080					$	35,934					$	(152,173)					$	148,841
Total Operating Expense									$	154,306					$	29,324					$	78,882					$	262,512
Earnings (Loss) Before Income Tax									$	110,774					$	6,610					$	(276,516)					$	(159,132)
Segment Assets									$	6,096,101					$	1,132,217					$	1,091,366					$	8,319,684																										(G)
Depreciation, Depletion and Amortization									$	93,984					$	15,701					$	3,860					$	113,545
Capital Expenditures									$	131,974					$	2,034					$	844					$	134,852

(D)    Included in Total Natural Gas, NGL and Oil Revenue are sales of $33,711 to Direct Energy Business Marketing LLC, which comprises over 10% of revenue from contracts with external customers for the period.

(E) Included in Other is a realized gain on commodity derivative instruments of $29,015 related to the monetization of hedges (see Note 11 - Derivative Instruments for more information).

(F)    Includes midstream revenue of $12,191 and equity in losses of unconsolidated affiliates of $1,259 for Shale and Other, respectively.

(G)    Includes investments in unconsolidated equity affiliates of $15,159.

Industry segment results for the six months ended June 30, 2021 are:

									Shale						Coalbed Methane						Other						Consolidated
Natural Gas, NGL and Oil Revenue									$	674,828					$	75,409					$	437					$	750,674																										(A)
Purchased Gas Revenue									—						—						50,190						50,190
Loss on Commodity Derivative Instruments									(7,212)						(740)						(497,493)						(505,445)
Other Revenue and Operating Income									37,745						—						12,700						50,445																											(B)
Total Revenue and Other Operating Income (Loss)									$	705,361					$	74,669					$	(434,166)					$	345,864
Total Operating Expense									$	380,707					$	56,759					$	143,050					$	580,516
Earnings (Loss) Before Income Tax									$	324,654					$	17,910					$	(653,335)					$	(310,771)
Segment Assets									$	6,095,486					$	1,069,470					$	907,154					$	8,072,110																										(C)
Depreciation, Depletion and Amortization									$	213,886					$	29,747					$	7,918					$	251,551
Capital Expenditures									$	248,348					$	3,644					$	395					$	252,387

(A)    Included in Total Natural Gas, NGL and Oil Revenue are sales of $100,465 to Citadel Energy Marketing LLC and $80,189 to Direct Energy Business Marketing LLC, each of which comprises over 10% of revenue from contracts with external customers for the period.

(B)    Includes midstream revenue of $37,745 and equity in earnings of unconsolidated affiliates of $2,504 for Shale and Other, respectively.

(C)    Includes investments in unconsolidated equity affiliates of $16,726.

Industry segment results for the six months ended June 30, 2020 are:

									Shale						Coalbed Methane						Other						Consolidated
Natural Gas, NGL and Oil Revenue									$	373,121					$	53,652					$	497					$	427,270																										(D)
Purchased Gas Revenue									—						—						46,783						46,783
Gain (Loss) on Commodity Derivative Instruments									186,714						22,692						(157,567)						51,839																											(E)
Other Revenue and Operating Income									30,597						—						8,711						39,308																											(F)
Total Revenue and Other Operating Income (Loss)									$	590,432					$	76,344					$	(101,576)					$	565,200
Total Operating Expense									$	346,254					$	63,484					$	696,073					$	1,105,811
Earnings (Loss) Before Income Tax									$	244,178					$	12,860					$	(873,975)					$	(616,937)
Segment Assets									$	6,096,101					$	1,132,217					$	1,091,366					$	8,319,684																										(G)
Depreciation, Depletion and Amortization									$	201,030					$	34,139					$	7,540					$	242,709
Capital Expenditures									$	279,814					$	4,486					$	2,601					$	286,901

(D)    Included in Total Natural Gas, NGL and Oil Revenue are sales of $79,367 to Direct Energy Business Marketing LLC, which comprises over 10% of revenue from contracts with external customers for the period.

(E) Included in Other is a realized gain on commodity derivative instruments of $83,997 related to the monetization of hedges (see Note 11 - Derivative Instruments for more information).

(F)    Includes midstream revenue of $30,597 and equity in losses of unconsolidated affiliates of $1,421 for Shale and Other, respectively.

(G)    Includes investments in unconsolidated equity affiliates of $15,159.

Reconciliation of Revenue and Other Operating (Loss) Income from Segments to Consolidated

Revenue and Other Operating (Loss) Income

			For the Three Months Ended June 30,												For the Six Months Ended June 30,
			2021						2020						2021						2020
Total Segment Revenue from Contracts with External Customers			$	404,834					$	208,391					$	838,609					$	504,650
(Loss) Gain on Commodity Derivative Instruments			(538,859)						(63,303)						(505,445)						51,839
Other Operating Income			6,815						3,753						12,700						8,711
Total Consolidated Revenue and Other Operating (Loss) Income			$	(127,210)					$	148,841					$	345,864					$	565,200

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Tabular disclosure of all significant reconciling items in the reconciliation of total revenues from reportable segments to the entity's consolidated revenues.

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