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Business Segment Information (Tables)
9 Months Ended
Sep. 30, 2016
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)(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.