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Business Segment Information
 3 Months Ended
Mar. 31, 2016
Segment Reporting [Abstract]  
Business Segment Information
Business Segment Information

During the three-month period ended March 31, 2016, the Company had two reportable segments: exploration and production and midstream services. These segments represent the Company’s two main business units, each offering different products and services. The exploration and production segment is engaged in the exploration and production of oil and natural gas properties and includes the Company’s proportionate share of the activities of the Royalty Trusts. The midstream services segment coordinates the delivery of electricity to the Company’s exploration and production operations in the Mid-Continent. During the three-month period ended March 31, 2015, the Company operated in a third reportable segment, drilling and oilfield services; however, due to the discontinuance of the substantial majority of activity within the drilling and oilfield services business during the first quarter of 2016, this business no longer constitutes a reportable segment. The All Other columns in the tables below include items not related to the Company’s currently reportable segments, including drilling and oilfield services activity and the Company’s 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(1)(2)
 
Midstream Services(3)
 
All Other
 
Consolidated Total
Three Months Ended March 31, 2016
 
 
 
 
 
 
 
Revenues
$
84,375

 
$
10,245

 
$
4,189

 
$
98,809

Inter-segment revenue
—

 
(5,958
)
 
(2,519
)
 
(8,477
)
Total revenues
$
84,375

 
$
4,287

 
$
1,670

 
$
90,332

Loss from operations
$
(232,207
)
 
$
(3,588
)
 
$
(37,760
)
 
$
(273,555
)
Interest expense, net
—

 
—

 
(81,151
)
 
(81,151
)
Gain on extinguishment of debt
—

 
—

 
41,331

 
41,331

Other income expense, net
750

 
(495
)
 
(102
)
 
153

Loss before income taxes
$
(231,457
)
 
$
(4,083
)
 
$
(77,682
)
 
$
(313,222
)
Capital expenditures(4)
$
50,544

 
$
1,230

 
$
1,707

 
$
53,481

Depreciation, depletion, amortization and accretion
$
33,934

 
$
2,446

 
$
4,369

 
$
40,749

At March 31, 2016
 
 
 
 
 
 
 
Total assets
$
1,430,717

 
$
205,382

 
$
937,960

 
$
2,574,059

Three Months Ended March 31, 2015
 
 
 
 
 
 
 
Revenues
$
195,743

 
$
21,529

 
$
25,596

 
$
242,868

Inter-segment revenue
(11
)
 
(12,765
)
 
(14,784
)
 
(27,560
)
Total revenues
$
195,732

 
$
8,764

 
$
10,812

 
$
215,308

Loss from operations
$
(1,054,158
)
 
$
(3,873
)
 
$
(30,425
)
 
$
(1,088,456
)
Interest expense, net
(16
)
 
—

 
(62,826
)
 
(62,842
)
Other (expense) income, net
(454
)
 
4

 
(86
)
 
(536
)
Loss before income taxes
$
(1,054,628
)
 
$
(3,869
)
 
$
(93,337
)
 
$
(1,151,834
)
Capital expenditures(4)
$
302,062

 
$
8,432

 
$
9,697

 
$
320,191

Depreciation, depletion, amortization and accretion
$
107,211

 
$
2,679

 
$
10,644

 
$
120,534

At December 31, 2015
 
 
 
 
 
 
 
Total assets
$
1,959,975

 
$
254,212

 
$
707,840

 
$
2,922,027

____________________
(1)
Loss from operations for the three-month period ended March 31, 2016 includes a full cost ceiling limitation impairment of $108.4 million, loss on settlement of contract of $89.1 million and the write off a $16.7 million joint interest receivable after determination that its collection was doubtful at March 31, 2016.
(2)
Loss from operations for the three-month period ended March 31, 2015 includes a full cost ceiling limitation impairment of $1.1 billion.
(3)
Loss from operations for the three-month period ended March 31, 2016 includes a $1.7 million impairment of midstream assets.
(4)
On an accrual basis and exclusive of acquisitions.