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Business Segment Information
 9 Months Ended
Sep. 30, 2013
Segment Reporting [Abstract]  
Business Segment Information
Business Segment Information

The Company has three business segments: exploration and production, drilling and oil field services and midstream services. These segments represent the Company’s three main business units, each offering different products and services. The exploration and production segment is engaged in the acquisition, development and production of oil and natural gas properties and includes the activities of the Royalty Trusts. The drilling and oil field services segment is engaged in the contract drilling of oil and natural gas wells and provides various oil field services. The midstream services segment is engaged in the purchasing, gathering, treating and selling of natural gas and the distribution of electricity to the Company’s exploration and production operations in the Mississippian formation. The All Other column in the tables below includes items not related to the Company’s reportable segments, including the Company’s CO2 gathering and sales as well as its corporate operations.

    

Management evaluates the performance of the Company’s business segments based on income (loss) from operations. 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 September 30, 2013
 
 
 
 
 
 
 
 
 
Revenues
$
462,582

 
$
44,527

 
$
37,876

 
$
767

 
$
545,752

Inter-segment revenue
(79
)
 
(28,335
)
 
(23,735
)
 
—

 
(52,149
)
Total revenues
$
462,503

 
$
16,192

 
$
14,141

 
$
767

 
$
493,603

 
 
 
 
 
 
 
 
 
 
(Loss) income from operations(1)
$
(11,604
)
 
$
(8,276
)
 
$
(7,691
)
 
$
33,659

 
$
6,088

Interest income (expense)
331

 
—

 
—

 
(61,716
)
 
(61,385
)
Other (expense) income, net
(350
)
 
—

 
(41
)
 
1,049

 
658

Loss before income taxes
$
(11,623
)
 
$
(8,276
)
 
$
(7,732
)
 
$
(27,008
)
 
$
(54,639
)
Capital expenditures(2)
$
292,697

 
$
3,142

 
$
16,551

 
$
10,192

 
$
322,582

Depreciation, depletion, amortization, accretion and impairment
$
146,286

 
$
8,252

 
$
2,128

 
$
5,402

 
$
162,068

Three Months Ended September 30, 2012
 
 
 
 
 
 
 
 
 
Revenues
$
493,848

 
$
95,307

 
$
30,901

 
$
945

 
$
621,001

Inter-segment revenue
(74
)
 
(67,547
)
 
(20,582
)
 
—

 
(88,203
)
Total revenues
$
493,774

 
$
27,760

 
$
10,319

 
$
945

 
$
532,798

 
 
 
 
 
 
 
 
 
 
(Loss) income from operations(1)
$
(48,454
)
 
$
2,515

 
$
(3,434
)
 
$
(26,498
)
 
$
(75,871
)
Interest income (expense)
351

 
—

 
(136
)
 
(82,109
)
 
(81,894
)
Loss on extinguishment of debt
—

 
—

 
—

 
(3,056
)
 
(3,056
)
Other (expense) income, net
(260
)
 
—

 
—

 
1,502

 
1,242

(Loss) income before income taxes
$
(48,363
)
 
$
2,515

 
$
(3,570
)
 
$
(110,161
)
 
$
(159,579
)
Capital expenditures(2)
$
500,366

 
$
14,571

 
$
20,229

 
$
24,892

 
$
560,058

Depreciation, depletion, amortization and accretion
$
175,393

 
$
8,706

 
$
2,042

 
$
5,535

 
$
191,676

 
 
 
 
 
 
 
 
 
 
Nine Months Ended September 30, 2013
 
 
 
 
 
 
 
 
 
Revenues
$
1,402,366

 
$
141,364

 
$
139,001

 
$
2,399

 
$
1,685,130

Inter-segment revenue
(241
)
 
(91,713
)
 
(74,896
)
 
—

 
(166,850
)
Total revenues
$
1,402,125

 
$
49,651

 
$
64,105

 
$
2,399

 
$
1,518,280

 
 
 
 
 
 
 
 
 
 
Loss from operations(3)
$
(71,645
)
 
$
(36,684
)
 
$
(18,106
)
 
$
(140,545
)
 
$
(266,980
)
Interest income (expense)
757

 
—

 
—

 
(209,211
)
 
(208,454
)
Loss on extinguishment of debt
—

 
—

 
—

 
(82,005
)
 
(82,005
)
Other income (expense), net
157

 
—

 
(914
)
 
1,920

 
1,163

Loss before income taxes
$
(70,731
)
 
$
(36,684
)
 
$
(19,020
)
 
$
(429,841
)
 
$
(556,276
)
Capital expenditures(2)
$
1,008,869

 
$
4,657

 
$
46,883

 
$
38,043

 
$
1,098,452

Depreciation, depletion, amortization, accretion and impairment
$
462,683

 
$
36,544

 
$
7,832

 
$
18,018

 
$
525,077

At September 30, 2013
 
 
 
 
 
 
 
 
 
Total assets
$
6,009,608

 
$
166,485

 
$
185,131

 
$
1,308,220

 
$
7,669,444

 
 
 
 
 
 
 
 
 
 
 
Exploration and Production
 
Drilling and Oil Field Services
 
Midstream Services
 
All Other
 
Consolidated Total
Nine Months Ended September 30, 2012
 
 
 
 
 
 
 
 
 
Revenues
$
1,271,803

 
$
297,715

 
$
81,861

 
$
3,904

 
$
1,655,283

Inter-segment revenue
(229
)
 
(207,014
)
 
(55,173
)
 
—

 
(262,416
)
Total revenues
$
1,271,574

 
$
90,701

 
$
26,688

 
$
3,904

 
$
1,392,867

 
 
 
 
 
 
 
 
 
 
Income (loss) from operations(3)
$
614,045

 
$
10,672

 
$
(9,792
)
 
$
(80,039
)
 
$
534,886

Interest income (expense)
910

 
—

 
(429
)
 
(217,909
)
 
(217,428
)
Bargain purchase gain
122,696

 
—

 
—

 
—

 
122,696

Loss on extinguishment of debt
—

 
—

 
—

 
(3,056
)
 
(3,056
)
Other income, net
1,750

 
—

 
—

 
1,879

 
3,629

Income (loss) before income taxes
$
739,401

 
$
10,672

 
$
(10,221
)
 
$
(299,125
)
 
$
440,727

Capital expenditures(2)
$
1,510,614

 
$
28,323

 
$
61,958

 
$
90,875

 
$
1,691,770

Depreciation, depletion, amortization and accretion
$
412,924

 
$
25,880

 
$
5,170

 
$
14,460

 
$
458,434

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

 
$
199,523

 
$
151,492

 
$
758,660

 
$
9,790,731

____________________
(1)
Exploration and production segment loss from operations includes losses due to changes in fair value of commodity derivative contracts of $119.6 million and $222.5 million for the three-month periods ended September 30, 2013 and 2012, respectively.
(2)
Presented on an accrual basis.
(3)
Exploration and production segment (loss) income from operations includes losses (gains) due to changes in fair value of commodity derivative contracts of $58.5 million and $(229.1) million for the nine-month periods ended September 30, 2013 and 2012, respectively. Exploration and production segment loss from operations also includes a loss on the sale of the Permian Properties of $398.9 million for the nine-month period ended September 30, 2013.