| Schedule of operating results and assets of reportable segments |
The operating results and assets of the Company’s reportable segments were as follows for the six months ended June 30, 2015 and 2016 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Exploration
and
production
|
|
Gathering and
compression
|
|
Water
handling
|
|
Marketing
|
|
Elimination of
intersegment
transactions
|
|
Consolidated
total
|
|
|
Three months ended June 30, 2015:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sales and revenues:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Third-party
|
|
$
|
322,395
|
|
2,664
|
|
1,826
|
|
49,829
|
|
—
|
|
376,714
|
|
|
Intersegment
|
|
|
277
|
|
53,929
|
|
28,836
|
|
—
|
|
(83,042)
|
|
—
|
|
|
Total
|
|
$
|
322,672
|
|
56,593
|
|
30,662
|
|
49,829
|
|
(83,042)
|
|
376,714
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating expenses:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Lease operating
|
|
$
|
6,477
|
|
—
|
|
5,851
|
|
—
|
|
(5,655)
|
|
6,673
|
|
|
Gathering, compression, processing, and transportation
|
|
|
213,560
|
|
7,105
|
|
—
|
|
—
|
|
(53,996)
|
|
166,669
|
|
|
Depletion, depreciation, and amortization
|
|
|
155,586
|
|
15,298
|
|
6,162
|
|
—
|
|
—
|
|
177,046
|
|
|
General and administrative expense
|
|
|
47,242
|
|
9,917
|
|
2,242
|
|
—
|
|
(210)
|
|
59,191
|
|
|
Other operating expenses
|
|
|
46,866
|
|
4,187
|
|
778
|
|
79,053
|
|
—
|
|
130,884
|
|
|
Total
|
|
|
469,731
|
|
36,507
|
|
15,033
|
|
79,053
|
|
(59,861)
|
|
540,463
|
|
|
Operating income (loss)
|
|
$
|
(147,059)
|
|
20,086
|
|
15,629
|
|
(29,224)
|
|
(23,181)
|
|
(163,749)
|
|
|
Segment assets
|
|
$
|
10,920,171
|
|
1,408,969
|
|
416,910
|
|
17,668
|
|
(231,237)
|
|
12,532,481
|
|
|
Capital expenditures for segment assets
|
|
$
|
544,367
|
|
74,057
|
|
11,950
|
|
—
|
|
(23,181)
|
|
607,193
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Exploration
and
production
|
|
Gathering and
compression
|
|
Water
handling
|
|
Marketing
|
|
Elimination of
intersegment
transactions
|
|
Consolidated
total
|
|
|
Three months ended June 30, 2016:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sales and revenues:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Third-party
|
|
$
|
(343,394)
|
|
3,131
|
|
163
|
|
90,902
|
|
—
|
|
(249,198)
|
|
|
Intersegment
|
|
|
3,899
|
|
68,785
|
|
64,730
|
|
—
|
|
(137,414)
|
|
—
|
|
|
Total
|
|
$
|
(339,495)
|
|
71,916
|
|
64,893
|
|
90,902
|
|
(137,414)
|
|
(249,198)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating expenses:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Lease operating
|
|
$
|
12,257
|
|
—
|
|
34,317
|
|
—
|
|
(34,531)
|
|
12,043
|
|
|
Gathering, compression, processing, and transportation
|
|
|
267,738
|
|
6,997
|
|
—
|
|
—
|
|
(68,675)
|
|
206,060
|
|
|
Depletion, depreciation, and amortization
|
|
|
173,015
|
|
17,172
|
|
7,175
|
|
—
|
|
—
|
|
197,362
|
|
|
General and administrative expense
|
|
|
47,167
|
|
10,138
|
|
3,168
|
|
—
|
|
(371)
|
|
60,102
|
|
|
Other operating expenses
|
|
|
37,848
|
|
450
|
|
4,294
|
|
125,977
|
|
(3,461)
|
|
165,108
|
|
|
Total
|
|
|
538,025
|
|
34,757
|
|
48,954
|
|
125,977
|
|
(107,038)
|
|
640,675
|
|
|
Operating income (loss)
|
|
$
|
(877,520)
|
|
37,159
|
|
15,939
|
|
(35,075)
|
|
(30,376)
|
|
(889,873)
|
|
|
Segment assets
|
|
$
|
11,919,732
|
|
1,598,826
|
|
569,624
|
|
23,045
|
|
(552,447)
|
|
13,558,780
|
|
|
Capital expenditures for segment assets
|
|
$
|
375,247
|
|
48,614
|
|
41,589
|
|
—
|
|
(30,183)
|
|
435,267
|
|
The operating results and assets of the Company’s reportable segments were as follows for the six months ended June 30, 2015 and 2016 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Exploration
and
production
|
|
Gathering and
compression
|
|
Water
handling and
treatment
|
|
Marketing
|
|
Elimination of
intersegment
transactions
|
|
Consolidated
total
|
|
|
Six months ended June 30, 2015:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sales and revenues:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Third-party
|
|
$
|
1,488,134
|
|
4,965
|
|
5,693
|
|
107,609
|
|
—
|
|
1,606,401
|
|
|
Intersegment
|
|
|
627
|
|
103,871
|
|
59,399
|
|
—
|
|
(163,897)
|
|
—
|
|
|
Total
|
|
$
|
1,488,761
|
|
108,836
|
|
65,092
|
|
107,609
|
|
(163,897)
|
|
1,606,401
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating expenses:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Lease operating
|
|
$
|
14,260
|
|
—
|
|
12,603
|
|
—
|
|
(12,088)
|
|
14,775
|
|
|
Gathering, compression, processing, and transportation
|
|
|
419,239
|
|
15,093
|
|
—
|
|
—
|
|
(104,001)
|
|
330,331
|
|
|
Depletion, depreciation, and amortization
|
|
|
317,091
|
|
29,973
|
|
12,282
|
|
—
|
|
—
|
|
359,346
|
|
|
General and administrative expense
|
|
|
94,659
|
|
19,418
|
|
4,660
|
|
—
|
|
(497)
|
|
118,240
|
|
|
Other operating expenses
|
|
|
85,836
|
|
7,888
|
|
1,638
|
|
152,402
|
|
—
|
|
247,764
|
|
|
Total
|
|
|
931,085
|
|
72,372
|
|
31,183
|
|
152,402
|
|
(116,586)
|
|
1,070,456
|
|
|
Operating income (loss)
|
|
$
|
557,676
|
|
36,464
|
|
33,909
|
|
(44,793)
|
|
(47,311)
|
|
535,945
|
|
|
Segment assets
|
|
$
|
10,920,171
|
|
1,408,969
|
|
416,910
|
|
17,668
|
|
(231,237)
|
|
12,532,481
|
|
|
Capital expenditures for segment assets
|
|
$
|
1,191,209
|
|
200,045
|
|
34,076
|
|
—
|
|
(47,311)
|
|
1,378,019
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Exploration
and
production
|
|
Gathering and
compression
|
|
Water
handling and
treatment
|
|
Marketing
|
|
Elimination of
intersegment
transactions
|
|
Consolidated
total
|
|
|
Six months ended June 30, 2016:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sales and revenues:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Third-party
|
|
$
|
274,550
|
|
6,718
|
|
420
|
|
190,118
|
|
—
|
|
471,806
|
|
|
Intersegment
|
|
|
7,724
|
|
134,825
|
|
130,919
|
|
—
|
|
(273,468)
|
|
—
|
|
|
Total
|
|
$
|
282,274
|
|
141,543
|
|
131,339
|
|
190,118
|
|
(273,468)
|
|
471,806
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating expenses:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Lease operating
|
|
$
|
23,589
|
|
—
|
|
75,031
|
|
—
|
|
(75,284)
|
|
23,336
|
|
|
Gathering, compression, processing, and transportation
|
|
|
535,183
|
|
14,167
|
|
—
|
|
—
|
|
(134,552)
|
|
414,798
|
|
|
Depletion, depreciation, and amortization
|
|
|
340,567
|
|
34,240
|
|
14,137
|
|
—
|
|
—
|
|
388,944
|
|
|
General and administrative expense
|
|
|
90,719
|
|
19,473
|
|
6,924
|
|
—
|
|
(727)
|
|
116,389
|
|
|
Other operating expenses
|
|
|
73,013
|
|
899
|
|
8,498
|
|
263,910
|
|
(6,857)
|
|
339,463
|
|
|
Total
|
|
|
1,063,071
|
|
68,779
|
|
104,590
|
|
263,910
|
|
(217,420)
|
|
1,282,930
|
|
|
Operating income (loss)
|
|
$
|
(780,797)
|
|
72,764
|
|
26,749
|
|
(73,792)
|
|
(56,048)
|
|
(811,124)
|
|
|
Segment assets
|
|
$
|
11,919,732
|
|
1,598,826
|
|
569,624
|
|
23,045
|
|
(552,447)
|
|
13,558,780
|
|
|
Capital expenditures for segment assets
|
|
$
|
825,077
|
|
97,300
|
|
78,625
|
|
—
|
|
(55,612)
|
|
945,390
|
|
|