XML 72 R93.htm IDEA: XBRL DOCUMENT v2.4.0.6
Unaudited Condensed Consolidating Statements of Operations of SandRidge Energy, Inc. and Wholly Owned Subsidiary Guarantors and Non-Guarantors (Detail) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Schedule of Condensed Consolidating Statement of Operations [Line Items]    
Total revenues $ 511,690 $ 381,635
Expenses    
Direct operating expenses 170,060 124,158
General and administrative 79,444 50,301
Depreciation, depletion, amortization and accretion 182,641 104,186
Loss on derivative contracts 40,897 254,646
Loss on sale of assets 398,174 3,080
Total expenses 871,216 533,291
(Loss) income from operations (359,526) [1] (151,656) [1]
Equity earnings from subsidiaries 0 0
Interest income (expense) (85,910) (66,965)
Loss on extinguishment of debt (82,005) 0
Other income (expense), net 611 2,468
Loss before income taxes (526,830) (216,153)
Income tax (benefit) expense 4,429 71
Net loss (531,259) (216,224)
Less: net (loss) income attributable to noncontrolling interest (51,919) 1,954
Net loss attributable to SandRidge Energy, Inc. (479,340) (218,178)
Parent
   
Schedule of Condensed Consolidating Statement of Operations [Line Items]    
Total revenues 0 0
Expenses    
Direct operating expenses 0 0
General and administrative 87 86
Depreciation, depletion, amortization and accretion 0 0
Loss on derivative contracts 0 0
Loss on sale of assets 0  
Total expenses 87 86
(Loss) income from operations (87) (86)
Equity earnings from subsidiaries (306,884) (94,527)
Interest income (expense) (86,103) (66,706)
Loss on extinguishment of debt (82,005)  
Other income (expense), net 0 0
Loss before income taxes (475,079) (161,319)
Income tax (benefit) expense 4,321 (60)
Net loss (479,400) (161,259)
Less: net (loss) income attributable to noncontrolling interest 0 0
Net loss attributable to SandRidge Energy, Inc. (479,400) (161,259)
Guarantors
   
Schedule of Condensed Consolidating Statement of Operations [Line Items]    
Total revenues 440,318 322,226
Expenses    
Direct operating expenses 163,611 114,066
General and administrative 76,819 48,113
Depreciation, depletion, amortization and accretion 159,889 90,917
Loss on derivative contracts 30,900 220,935
Loss on sale of assets 290,956  
Total expenses 722,175 474,031
(Loss) income from operations (281,857) (151,805)
Equity earnings from subsidiaries (26,641) (2,303)
Interest income (expense) 192 (13)
Loss on extinguishment of debt 0  
Other income (expense), net 1,422 59,594
Loss before income taxes (306,884) (94,527)
Income tax (benefit) expense 0 0
Net loss (306,884) (94,527)
Less: net (loss) income attributable to noncontrolling interest 0 0
Net loss attributable to SandRidge Energy, Inc. (306,884) (94,527)
Non-Guarantors
   
Schedule of Condensed Consolidating Statement of Operations [Line Items]    
Total revenues 77,536 91,193
Expenses    
Direct operating expenses 12,241 41,752
General and administrative 2,970 2,433
Depreciation, depletion, amortization and accretion 22,752 13,269
Loss on derivative contracts 9,997 33,711
Loss on sale of assets 107,218  
Total expenses 155,178 91,165
(Loss) income from operations (77,642) 28
Equity earnings from subsidiaries 0 0
Interest income (expense) 1 (246)
Loss on extinguishment of debt 0  
Other income (expense), net (811) 0
Loss before income taxes (78,452) (218)
Income tax (benefit) expense 108 131
Net loss (78,560) (349)
Less: net (loss) income attributable to noncontrolling interest 0 0
Net loss attributable to SandRidge Energy, Inc. (78,560) (349)
Eliminations
   
Schedule of Condensed Consolidating Statement of Operations [Line Items]    
Total revenues (6,164) (31,784)
Expenses    
Direct operating expenses (5,792) (31,660)
General and administrative (432) (331)
Depreciation, depletion, amortization and accretion 0 0
Loss on derivative contracts 0 0
Loss on sale of assets 0  
Total expenses (6,224) (31,991)
(Loss) income from operations 60 207
Equity earnings from subsidiaries 333,525 96,830
Interest income (expense) 0 0
Loss on extinguishment of debt 0  
Other income (expense), net 0 (57,126)
Loss before income taxes 333,585 39,911
Income tax (benefit) expense 0 0
Net loss 333,585 39,911
Less: net (loss) income attributable to noncontrolling interest (51,919) 1,954
Net loss attributable to SandRidge Energy, Inc. $ 385,504 $ 37,957
[1] Exploration and production segment income from operations includes unrealized losses of $24.8 million and $129.2 million on commodity derivative contracts for the three-month periods ended March 31, 2013 and 2012, respectively. Exploration and production segment also includes a loss on the sale of the Permian Properties of $399.1 million for the three-month period ended March 31, 2013.