XML 46 R38.htm IDEA: XBRL DOCUMENT v2.4.0.8
Business Segment Information (Tables)
 6 Months Ended
Jun. 30, 2013
Segment Reporting [Abstract]  
Summarized Financial Information Concerning Segments
Summarized financial information concerning the Company’s segments is shown in the following table (in thousands):
 
Exploration and Production
 
Drilling and Oil Field Services
 
Midstream Services
 
All Other
 
Consolidated Total
Three Months Ended June 30, 2013
 
 
 
 
 
 
 
 
 
Revenues
$
458,374

 
$
47,100

 
$
64,291

 
$
778

 
$
570,543

Inter-segment revenue
(81
)
 
(31,011
)
 
(26,464
)
 
—

 
(57,556
)
Total revenues
$
458,293

 
$
16,089

 
$
37,827

 
$
778

 
$
512,987

 
 
 
 
 
 
 
 
 
 
Income (loss) from operations(1)
$
241,666

 
$
(19,443
)
 
$
(7,956
)
 
$
(127,809
)
 
$
86,458

Interest income (expense)
317

 
—

 
(84
)
 
(61,392
)
 
(61,159
)
Other (expense) income, net
(330
)
 
—

 
135

 
89

 
(106
)
Income (loss) before income taxes
$
241,653

 
$
(19,443
)
 
$
(7,905
)
 
$
(189,112
)
 
$
25,193

Capital expenditures(2)
$
358,582

 
$
883

 
$
15,111

 
$
12,582

 
$
387,158

Depreciation, depletion, amortization, accretion and impairment
$
148,884

 
$
19,478

 
$
4,017

 
$
7,989

 
$
180,368

Three Months Ended June 30, 2012
 
 
 
 
 
 
 
 
 
Revenues
$
434,834

 
$
104,076

 
$
24,798

 
$
1,543

 
$
565,251

Inter-segment revenue
(77
)
 
(70,444
)
 
(16,296
)
 
—

 
(86,817
)
Total revenues
$
434,757

 
$
33,632

 
$
8,502

 
$
1,543

 
$
478,434

 
 
 
 
 
 
 
 
 
 
Income (loss) from operations(1)
$
786,335

 
$
4,678

 
$
(3,631
)
 
$
(24,969
)
 
$
762,413

Interest income (expense)
416

 
—

 
(137
)
 
(68,848
)
 
(68,569
)
Bargain purchase gain
122,696

 
—

 
—

 
—

 
122,696

Other income (expense), net
242

 
—

 
—

 
(323
)
 
(81
)
Income (loss) before income taxes
$
909,689

 
$
4,678

 
$
(3,768
)
 
$
(94,140
)
 
$
816,459

Capital expenditures(2)
$
518,343

 
$
5,836

 
$
17,754

 
$
20,121

 
$
562,054

Depreciation, depletion, amortization and accretion
$
147,479

 
$
8,624

 
$
1,717

 
$
4,753

 
$
162,573

 
 
 
 
 
 
 
 
 
 
Six Months Ended June 30, 2013
 
 
 
 
 
 
 
 
 
Revenues
$
939,784

 
$
96,837

 
$
101,125

 
$
1,631

 
$
1,139,377

Inter-segment revenue
(162
)
 
(63,378
)
 
(51,160
)
 
—

 
(114,700
)
Total revenues
$
939,622

 
$
33,459

 
$
49,965

 
$
1,631

 
$
1,024,677

 
 
 
 
 
 
 
 
 
 
Loss from operations(3)
$
(60,042
)
 
$
(28,408
)
 
$
(10,415
)
 
$
(174,203
)
 
$
(273,068
)
Interest income (expense)
635

 
—

 
(209
)
 
(147,495
)
 
(147,069
)
Loss on extinguishment of debt
—

 
—

 
—

 
(82,005
)
 
(82,005
)
Other income (expense), net
298

 
—

 
(664
)
 
871

 
505

Loss before income taxes
$
(59,109
)
 
$
(28,408
)
 
$
(11,288
)
 
$
(402,832
)
 
$
(501,637
)
Capital expenditures(2)
$
716,173

 
$
1,515

 
$
30,332

 
$
27,850

 
$
775,870

Depreciation, depletion, amortization, accretion and impairment
$
316,397

 
$
28,292

 
$
5,705

 
$
12,615

 
$
363,009

At June 30, 2013
 
 
 
 
 
 
 
 
 
Total assets
$
5,923,355

 
$
172,329

 
$
171,461

 
$
1,486,491

 
$
7,753,636

 
 
 
 
 
 
 
 
 
 
 
Exploration and Production
 
Drilling and Oil Field Services
 
Midstream Services
 
All Other
 
Consolidated Total
Six Months Ended June 30, 2012
 
 
 
 
 
 
 
 
 
Revenues
$
777,955

 
$
202,408

 
$
50,960

 
$
2,959

 
$
1,034,282

Inter-segment revenue
(155
)
 
(139,467
)
 
(34,591
)
 
—

 
(174,213
)
Total revenues
$
777,800

 
$
62,941

 
$
16,369

 
$
2,959

 
$
860,069

 
 
 
 
 
 
 
 
 
 
Income (loss) from operations(3)
$
662,499

 
$
8,157

 
$
(6,358
)
 
$
(53,541
)
 
$
610,757

Interest income (expense)
559

 
—

 
(293
)
 
(135,800
)
 
(135,534
)
Bargain purchase gain
122,696

 
—

 
—

 
—

 
122,696

Other income, net
2,010

 
—

 
—

 
377

 
2,387

Income (loss) before income taxes
$
787,764

 
$
8,157

 
$
(6,651
)
 
$
(188,964
)
 
$
600,306

Capital expenditures(2)
$
1,010,248

 
$
13,752

 
$
41,729

 
$
65,983

 
$
1,131,712

Depreciation, depletion, amortization and accretion
$
237,531

 
$
17,174

 
$
3,128

 
$
8,925

 
$
266,758

At December 31, 2012
 
 
 
 
 
 
 
 
 
Total assets
$
8,681,056

 
$
199,523

 
$
151,492

 
$
758,660

 
$
9,790,731

____________________
(1)
Exploration and production segment income from operations includes unrealized gains of $85.9 million and $580.7 million on commodity derivative contracts for the three-month periods ended June 30, 2013 and 2012, respectively.
(2)
On an accrual basis.
(3)
Exploration and production segment (loss) income from operations includes unrealized gains of $61.1 million and $451.5 million on commodity derivative contracts for the six-month periods ended June 30, 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 six-month period ended June 30, 2013.