XML 23 R89.htm IDEA: XBRL DOCUMENT v2.4.0.8
Unaudited Condensed Consolidating Statements of Operations of SandRidge Energy, Inc. and Wholly Owned Subsidiary Guarantors and Non-Guarantors (Details) (USD $)
In Thousands, unless otherwise specified
 3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Condensed Financial Statements, Captions    
Total revenues $ 443,056 $ 511,690
Expenses    
Direct operating expenses 134,804 170,060
General and administrative 38,538 79,444
Depreciation, depletion, amortization and accretion 136,453 182,641
Impairment 164,779 0
Loss on derivative contracts 42,491 40,897
Loss on sale of assets (19) 398,174
Total expenses 517,065 871,216
Loss from operations (74,009) (359,526)
Equity earnings from subsidiaries 0 0
Interest (expense) income (62,043) (85,910)
Loss on sale of subsidiary 0  
Loss on extinguishment of debt 0 (82,005)
Other (expense) income, net 2,094 611
Loss before income taxes (133,958) (526,830)
Income tax expense 127 4,429
Net loss (134,085) (531,259)
Less: net loss attributable to noncontrolling interest (6,070) (51,919)
Net loss attributable to SandRidge Energy, Inc. (128,015) (479,340)
Parent
    
Condensed Financial Statements, Captions    
Total revenues 0 0
Expenses    
Direct operating expenses 0 0
General and administrative 148 87
Depreciation, depletion, amortization and accretion 0 0
Impairment 0  
Loss on derivative contracts 0 0
Loss on sale of assets   0
Total expenses 148 87
Loss from operations (148) (87)
Equity earnings from subsidiaries (65,038) (306,884)
Interest (expense) income (62,186) (86,103)
Loss on sale of subsidiary 0  
Loss on extinguishment of debt   (82,005)
Other (expense) income, net 0 0
Loss before income taxes (127,372) (475,079)
Income tax expense 17 4,321
Net loss (127,389) (479,400)
Less: net loss attributable to noncontrolling interest 0 0
Net loss attributable to SandRidge Energy, Inc. (127,389) (479,400)
Guarantors
    
Condensed Financial Statements, Captions    
Total revenues 379,050 440,318
Expenses    
Direct operating expenses 130,264 163,611
General and administrative 36,947 76,819
Depreciation, depletion, amortization and accretion 120,577 159,889
Impairment 122,466  
Loss on derivative contracts 34,102 30,900
Loss on sale of assets   290,956
Total expenses 444,356 722,175
Loss from operations (65,306) (281,857)
Equity earnings from subsidiaries (2,777) (26,641)
Interest (expense) income 143 192
Loss on sale of subsidiary (3,282)  
Loss on extinguishment of debt   0
Other (expense) income, net 6,184 1,422
Loss before income taxes (65,038) (306,884)
Income tax expense 0 0
Net loss (65,038) (306,884)
Less: net loss attributable to noncontrolling interest 0 0
Net loss attributable to SandRidge Energy, Inc. (65,038) (306,884)
Non-Guarantors
    
Condensed Financial Statements, Captions    
Total revenues 64,093 77,536
Expenses    
Direct operating expenses 4,810 12,241
General and administrative 1,443 2,970
Depreciation, depletion, amortization and accretion 15,876 22,752
Impairment 42,313  
Loss on derivative contracts 8,389 9,997
Loss on sale of assets   107,218
Total expenses 72,831 155,178
Loss from operations (8,738) (77,642)
Equity earnings from subsidiaries 0 0
Interest (expense) income 0 1
Loss on sale of subsidiary 0  
Loss on extinguishment of debt   0
Other (expense) income, net 1 (811)
Loss before income taxes (8,737) (78,452)
Income tax expense 110 108
Net loss (8,847) (78,560)
Less: net loss attributable to noncontrolling interest 0 0
Net loss attributable to SandRidge Energy, Inc. (8,847) (78,560)
Eliminations
    
Condensed Financial Statements, Captions    
Total revenues (87) (6,164)
Expenses    
Direct operating expenses (270) (5,792)
General and administrative 0 (432)
Depreciation, depletion, amortization and accretion 0 0
Impairment 0  
Loss on derivative contracts 0 0
Loss on sale of assets   0
Total expenses (270) (6,224)
Loss from operations 183 60
Equity earnings from subsidiaries 67,815 333,525
Interest (expense) income 0 0
Loss on sale of subsidiary 3,282  
Loss on extinguishment of debt   0
Other (expense) income, net (4,091) 0
Loss before income taxes 67,189 333,585
Income tax expense 0 0
Net loss 67,189 333,585
Less: net loss attributable to noncontrolling interest (6,070) (51,919)
Net loss attributable to SandRidge Energy, Inc. $ 73,259 $ 385,504