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Business Segment Information (Tables)
6 Months Ended
Jun. 30, 2014
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(1)
 
Drilling and Oil Field Services(2)
 
Midstream Services
 
All Other
 
Consolidated Total
Three Months Ended June 30, 2014
 
 
 
 
 
 
 
 
 
Revenues
$
339,906

 
$
51,891

 
$
38,420

 
$
1,105

 
$
431,322

Inter-segment revenue

 
(33,062
)
 
(23,546
)
 

 
(56,608
)
Total revenues
$
339,906

 
$
18,829

 
$
14,874

 
$
1,105

 
$
374,714

 
 
 
 
 
 
 
 
 
 
Income (loss) from operations
$
78,237

 
$
(2,347
)
 
$
(2,345
)
 
$
(23,011
)
 
$
50,534

Interest expense
(4
)
 

 

 
(61,859
)
 
(61,863
)
Other (expense) income, net
(49
)
 
(75
)
 

 
1,462

 
1,338

Income (loss) before income taxes
$
78,184

 
$
(2,422
)
 
$
(2,345
)
 
$
(83,408
)
 
$
(9,991
)
Capital expenditures(3)
$
356,568

 
$
6,654

 
$
5,808

 
$
7,907

 
$
376,937

Depreciation, depletion, amortization, accretion and impairment
$
98,357

 
$
10,794

 
$
2,509

 
$
5,216

 
$
116,876

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
$
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(3)
$
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

 
 
 
 
 
 
 
 
 
 
Six Months Ended June 30, 2014
 
 
 
 
 
 
 
 
 
Revenues
$
747,244

 
$
98,971

 
$
84,715

 
$
2,075

 
$
933,005

Inter-segment revenue

 
(63,039
)
 
(52,196
)
 

 
(115,235
)
Total revenues
$
747,244

 
$
35,932

 
$
32,519

 
$
2,075

 
$
817,770

 
 
 
 
 
 
 
 
 
 
Income (loss) from operations
$
30,082

 
$
(5,449
)
 
$
(3,756
)
 
$
(44,352
)
 
$
(23,475
)
Interest income (expense), net
139

 

 

 
(124,045
)
 
(123,906
)
Other (expense) income, net
(234
)
 
(473
)
 

 
4,139

 
3,432

Income (loss) before income taxes
$
29,987

 
$
(5,922
)
 
$
(3,756
)
 
$
(164,258
)
 
$
(143,949
)
Capital expenditures(3)
$
620,809

 
$
7,275

 
$
11,766

 
$
12,860

 
$
652,710

Depreciation, depletion, amortization, accretion and impairment
$
384,176

 
$
18,506

 
$
4,950

 
$
10,476

 
$
418,108

At June 30, 2014
 
 
 
 
 
 
 
 
 
Total assets
$
5,288,478

 
$
142,858

 
$
193,867

 
$
1,287,616

 
$
6,912,819

 
 
 
 
 
 
 
 
 
 
 
Exploration and Production(1)
 
Drilling and Oil Field Services(2)
 
Midstream Services
 
All Other
 
Consolidated Total
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
$
(60,042
)
 
$
(28,408
)
 
$
(10,415
)
 
$
(174,203
)
 
$
(273,068
)
Interest income (expense), net
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(3)
$
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 December 31, 2013
 
 
 
 
 
 
 
 
 
Total assets
$
6,157,225

 
$
158,737

 
$
188,165

 
$
1,180,668

 
$
7,684,795

____________________
(1)
Income (loss) from operations includes a full cost ceiling limitation impairment of $164.8 million for the six-month period ended June 30, 2014, and a loss on the sale of the Permian Properties of $399.1 million for the six-month period ended June 30, 2013.
(2)
Income (loss) from operations includes an impairment of $3.1 million and $10.6 million on certain drilling assets held for sale for the three and six-month periods ended June 30, 2014 and June 30, 2013, respectively.
(3)
On an accrual basis and exclusive of acquisitions.