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Business Segment Information
 9 Months Ended
Sep. 30, 2016
Segment Reporting [Abstract]  
Business Segment Information
Business Segment Information

During the three and nine-month periods ended September 30, 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 and nine-month periods ended September 30, 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(4)(5)
 
Consolidated Total
Three Months Ended September 30, 2016
 
 
 
 
 
 
 
Revenues
$
99,934

 
$
5,433

 
$
2,180

 
$
107,547

Inter-segment revenue
—

 
(2,429
)
 
(1,062
)
 
(3,491
)
Total revenues
$
99,934

 
$
3,004

 
$
1,118

 
$
104,056

Loss from operations
$
(275,874
)
 
$
(55,345
)
 
$
(26,119
)
 
$
(357,338
)
Interest expense
(1
)
 
—

 
(3,342
)
 
(3,343
)
Reorganization items, net
2,228

 
468

 
(45,450
)
 
(42,754
)
Other (expense) income, net
(114
)
 
462

 
(1,246
)
 
(898
)
Loss before income taxes
$
(273,761
)
 
$
(54,415
)
 
$
(76,157
)
 
$
(404,333
)
Capital expenditures(6)
$
50,578

 
$
1,166

 
$
30

 
$
51,774

Depreciation, depletion, amortization and accretion
$
27,744

 
$
2,328

 
$
5,167

 
$
35,239

 
 
 
 
 
 
 
 
Three Months Ended September 30, 2015
 
 
 
 
 
 
 
Revenues
$
165,135

 
$
20,812

 
$
16,362

 
$
202,309

Inter-segment revenue
—

 
(11,974
)
 
(10,183
)
 
(22,157
)
Total revenues
$
165,135

 
$
8,838

 
$
6,179

 
$
180,152

Loss from operations
$
(988,903
)
 
$
(2,090
)
 
$
(68,740
)
 
$
(1,059,733
)
Interest expense
(3
)
 
—

 
(76,997
)
 
(77,000
)
Gain on extinguishment of debt
—

 
—

 
340,699

 
340,699

Other (expense) income, net
(109
)
 
20

 
(337
)
 
(426
)
(Loss) income before income taxes
$
(989,015
)
 
$
(2,070
)
 
$
194,625

 
$
(796,460
)
Capital expenditures(6)
$
106,013

 
$
3,719

 
$
3,565

 
$
113,297

Depreciation, depletion, amortization and accretion
$
67,652

 
$
2,984

 
$
8,376

 
$
79,012

 
 
 
 
 
 
 
 
Nine Months Ended September 30, 2016
 
 
 
 
 
 
 
Revenues
$
279,971

 
$
23,073

 
$
8,839

 
$
311,883

Inter-segment revenue
—

 
(12,528
)
 
(5,546
)
 
(18,074
)
Total revenues
$
279,971

 
$
10,545

 
$
3,293

 
$
293,809

Loss from operations
$
(754,323
)
 
$
(56,736
)
 
$
(95,144
)
 
$
(906,203
)
Interest expense, net
—

 
—

 
(126,099
)
 
(126,099
)
Gain on extinguishment of debt
—

 
—

 
41,179

 
41,179

Reorganization items, net
(16,276
)
 
429

 
(227,825
)
 
(243,672
)
Other income (expense), net
2,310

 
(11
)
 
(967
)
 
1,332

Loss before income taxes
$
(768,289
)
 
$
(56,318
)
 
$
(408,856
)
 
$
(1,233,463
)
Capital expenditures(6)
$
155,627

 
$
3,085

 
$
2,695

 
$
161,407

Depreciation, depletion, amortization and accretion
$
91,037

 
$
7,120

 
$
14,144

 
$
112,301

At September 30, 2016
 
 
 
 
 
 
 
Total assets
$
846,103

 
$
145,832

 
$
894,569

 
$
1,886,504

 
Exploration and Production(1)(2)
 
Midstream Services(3)
 
All Other(4)(5)
 
Consolidated Total
Nine Months Ended September 30, 2015
 
 
 
 
 
 
 
Revenues
$
575,411

 
$
63,123

 
$
60,347

 
$
698,881

Inter-segment revenue
(12
)
 
(36,915
)
 
(36,887
)
 
(73,814
)
Total revenues
$
575,399

 
$
26,208

 
$
23,460

 
$
625,067

Loss from operations
$
(3,554,661
)
 
$
(9,118
)
 
$
(119,493
)
 
$
(3,683,272
)
Interest expense, net
(42
)
 
—

 
(213,527
)
 
(213,569
)
Gain on extinguishment of debt
—

 
—

 
358,633

 
358,633

Other income, net
1,067

 
33

 
108

 
1,208

(Loss) income before income taxes
$
(3,553,636
)
 
$
(9,085
)
 
$
25,721

 
$
(3,537,000
)
Capital expenditures(6)
$
559,515

 
$
20,400

 
$
21,137

 
$
601,052

Depreciation, depletion, amortization and accretion
$
270,292

 
$
8,457

 
$
28,714

 
$
307,463

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

 
$
254,212

 
$
707,840

 
$
2,922,027

____________________
(1)
Loss from operations for the three and nine-month periods ended September 30, 2016 includes full cost ceiling limitation impairments of $298.0 million and $657.4 million, respectively. Additionally, the loss from operations for the nine-month period ended September 30, 2016 includes a loss on the settlement of contracts of $90.2 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 and nine-month periods ended September 30, 2015 includes full cost ceiling limitation impairments of $1.0 billion and $3.6 billion, respectively.
(3)
Loss from operations includes an impairment of $55.6 million on its electrical transmission system for the three and nine-month periods ended September 30, 2016 and a $1.7 million impairment of midstream assets for the nine-month period ended September 30, 2016.
(4)
Loss from operations for the three and nine-month periods ended September 30, 2016 includes an impairment of certain drilling and oilfield services assets previously classified as held for sale of $0.9 million and $3.5 million, respectively.
(5)
Loss from operations for the three and nine-month periods ended September 30, 2015 includes an impairment of $19.8 million on certain drilling assets and an impairment of $15.4 million on property located in downtown Oklahoma City, Oklahoma.
(6)
On an accrual basis and exclusive of acquisitions.