Schedule of condensed consolidated balance sheets |
Condensed Consolidating Balance Sheets
December 31, 2015
(In thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Parent
|
|
Guarantor Subsidiaries
|
|
Non-Guarantor Subsidiaries
|
|
Eliminations
|
|
Consolidated
|
|
Assets
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents
|
|
$
|
16,590
|
|
|
—
|
|
|
6,883
|
|
|
—
|
|
|
23,473
|
|
Accounts receivable, net
|
|
|
76,697
|
|
|
—
|
|
|
2,707
|
|
|
—
|
|
|
79,404
|
|
Intercompany receivables
|
|
|
2,138
|
|
|
—
|
|
|
65,712
|
|
|
(67,850)
|
|
|
—
|
|
Accrued revenue
|
|
|
128,242
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
128,242
|
|
Derivative instruments
|
|
|
1,009,030
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
1,009,030
|
|
Other current assets
|
|
|
8,087
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
8,087
|
|
Total current assets
|
|
|
1,240,784
|
|
|
—
|
|
|
75,302
|
|
|
(67,850)
|
|
|
1,248,236
|
|
Property and equipment:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural gas properties, at cost (successful efforts method):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unproved properties
|
|
|
1,996,081
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
1,996,081
|
|
Proved properties
|
|
|
8,243,901
|
|
|
—
|
|
|
—
|
|
|
(32,795)
|
|
|
8,211,106
|
|
Water handling and treatment systems
|
|
|
—
|
|
|
—
|
|
|
565,616
|
|
|
—
|
|
|
565,616
|
|
Gathering systems and facilities
|
|
|
16,561
|
|
|
—
|
|
|
1,485,835
|
|
|
—
|
|
|
1,502,396
|
|
Other property and equipment
|
|
|
46,415
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
46,415
|
|
|
|
|
10,302,958
|
|
|
—
|
|
|
2,051,451
|
|
|
(32,795)
|
|
|
12,321,614
|
|
Less accumulated depletion, depreciation, and amortization
|
|
|
(1,431,747)
|
|
|
—
|
|
|
(157,625)
|
|
|
—
|
|
|
(1,589,372)
|
|
Property and equipment, net
|
|
|
8,871,211
|
|
|
—
|
|
|
1,893,826
|
|
|
(32,795)
|
|
|
10,732,242
|
|
Derivative instruments
|
|
|
2,108,450
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
2,108,450
|
|
Investments in subsidiaries
|
|
|
(302,336)
|
|
|
—
|
|
|
—
|
|
|
302,336
|
|
|
—
|
|
Contingent acquisition consideration
|
|
|
178,049
|
|
|
—
|
|
|
—
|
|
|
(178,049)
|
|
|
—
|
|
Other assets, net
|
|
|
15,661
|
|
|
—
|
|
|
10,904
|
|
|
—
|
|
|
26,565
|
|
Total assets
|
|
$
|
12,111,819
|
|
|
—
|
|
|
1,980,032
|
|
|
23,642
|
|
|
14,115,493
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Liabilities and Equity
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current liabilities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accounts payable
|
|
$
|
303,197
|
|
|
—
|
|
|
60,963
|
|
|
—
|
|
|
364,160
|
|
Intercompany payable
|
|
|
65,712
|
|
|
—
|
|
|
2,138
|
|
|
(67,850)
|
|
|
—
|
|
Accrued liabilities
|
|
|
158,713
|
|
|
—
|
|
|
35,363
|
|
|
—
|
|
|
194,076
|
|
Revenue distributions payable
|
|
|
129,949
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
129,949
|
|
Other current liabilities
|
|
|
18,935
|
|
|
—
|
|
|
150
|
|
|
—
|
|
|
19,085
|
|
Total current liabilities
|
|
|
676,506
|
|
|
—
|
|
|
98,614
|
|
|
(67,850)
|
|
|
707,270
|
|
Long-term liabilities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Long-term debt
|
|
|
4,048,782
|
|
|
—
|
|
|
620,000
|
|
|
—
|
|
|
4,668,782
|
|
Deferred income tax liability
|
|
|
1,370,686
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
1,370,686
|
|
Contingent acquisition consideration
|
|
|
—
|
|
|
—
|
|
|
178,049
|
|
|
(178,049)
|
|
|
—
|
|
Other liabilities
|
|
|
81,453
|
|
|
—
|
|
|
624
|
|
|
—
|
|
|
82,077
|
|
Total liabilities
|
|
|
6,177,427
|
|
|
—
|
|
|
897,287
|
|
|
(245,899)
|
|
|
6,828,815
|
|
Equity:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stockholders' equity:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Partners' capital
|
|
|
—
|
|
|
—
|
|
|
1,082,745
|
|
|
(1,082,745)
|
|
|
—
|
|
Common stock
|
|
|
2,770
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
2,770
|
|
Additional paid-in capital
|
|
|
4,122,811
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
4,122,811
|
|
Accumulated earnings
|
|
|
1,808,811
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
1,808,811
|
|
Total stockholders' equity
|
|
|
5,934,392
|
|
|
—
|
|
|
1,082,745
|
|
|
(1,082,745)
|
|
|
5,934,392
|
|
Noncontrolling interest in consolidated subsidiary
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
1,352,286
|
|
|
1,352,286
|
|
Total equity
|
|
|
5,934,392
|
|
|
—
|
|
|
1,082,745
|
|
|
269,541
|
|
|
7,286,678
|
|
Total liabilities and equity
|
|
$
|
12,111,819
|
|
|
—
|
|
|
1,980,032
|
|
|
23,642
|
|
|
14,115,493
|
|
Condensed Consolidating Balance Sheet
June 30, 2016
(In thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Parent
|
|
Guarantor Subsidiaries
|
|
Non-Guarantor Subsidiaries
|
|
Eliminations
|
|
Consolidated
|
|
Assets
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents
|
|
$
|
19,567
|
|
|
—
|
|
|
8,684
|
|
|
—
|
|
|
28,251
|
|
Accounts receivable, net
|
|
|
70,347
|
|
|
—
|
|
|
1,259
|
|
|
—
|
|
|
71,606
|
|
Intercompany receivables
|
|
|
2,142
|
|
|
—
|
|
|
54,794
|
|
|
(56,936)
|
|
|
—
|
|
Accrued revenue
|
|
|
133,479
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
133,479
|
|
Derivative instruments
|
|
|
429,920
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
429,920
|
|
Other current assets
|
|
|
6,422
|
|
|
—
|
|
|
106
|
|
|
—
|
|
|
6,528
|
|
Total current assets
|
|
|
661,877
|
|
|
—
|
|
|
64,843
|
|
|
(56,936)
|
|
|
669,784
|
|
Property and equipment:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural gas properties, at cost (successful efforts method):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unproved properties
|
|
|
1,984,515
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
1,984,515
|
|
Proved properties
|
|
|
8,882,922
|
|
|
—
|
|
|
—
|
|
|
(88,407)
|
|
|
8,794,515
|
|
Water handling and treatment systems
|
|
|
—
|
|
|
—
|
|
|
655,251
|
|
|
—
|
|
|
655,251
|
|
Gathering systems and facilities
|
|
|
16,892
|
|
|
—
|
|
|
1,579,568
|
|
|
—
|
|
|
1,596,460
|
|
Other property and equipment
|
|
|
44,919
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
44,919
|
|
|
|
|
10,929,248
|
|
|
—
|
|
|
2,234,819
|
|
|
(88,407)
|
|
|
13,075,660
|
|
Less accumulated depletion, depreciation, and amortization
|
|
|
(1,772,202)
|
|
|
—
|
|
|
(205,588)
|
|
|
—
|
|
|
(1,977,790)
|
|
Property and equipment, net
|
|
|
9,157,046
|
|
|
—
|
|
|
2,029,231
|
|
|
(88,407)
|
|
|
11,097,870
|
|
Derivative instruments
|
|
|
1,673,907
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
1,673,907
|
|
Investments in subsidiaries
|
|
|
(350,558)
|
|
|
—
|
|
|
—
|
|
|
350,558
|
|
|
—
|
|
Contingent acquisition consideration
|
|
|
184,906
|
|
|
—
|
|
|
—
|
|
|
(184,906)
|
|
|
—
|
|
Other assets, net
|
|
|
58,423
|
|
|
—
|
|
|
58,796
|
|
|
—
|
|
|
117,219
|
|
Total assets
|
|
$
|
11,385,601
|
|
|
—
|
|
|
2,152,870
|
|
|
20,309
|
|
|
13,558,780
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Liabilities and Equity
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current liabilities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accounts payable
|
|
$
|
124,939
|
|
|
—
|
|
|
86,167
|
|
|
—
|
|
|
211,106
|
|
Intercompany payable
|
|
|
54,794
|
|
|
—
|
|
|
2,142
|
|
|
(56,936)
|
|
|
—
|
|
Accrued liabilities
|
|
|
187,712
|
|
|
—
|
|
|
13,608
|
|
|
—
|
|
|
201,320
|
|
Revenue distributions payable
|
|
|
135,054
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
135,054
|
|
Derivative instruments
|
|
|
2,726
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
2,726
|
|
Other current liabilities
|
|
|
19,068
|
|
|
—
|
|
|
158
|
|
|
—
|
|
|
19,226
|
|
Total current liabilities
|
|
|
524,293
|
|
|
—
|
|
|
102,075
|
|
|
(56,936)
|
|
|
569,432
|
|
Long-term liabilities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Long-term debt
|
|
|
3,484,014
|
|
|
—
|
|
|
760,000
|
|
|
—
|
|
|
4,244,014
|
|
Deferred income tax liability
|
|
|
1,063,331
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
1,063,331
|
|
Contingent acquisition consideration
|
|
|
—
|
|
|
—
|
|
|
184,906
|
|
|
(184,906)
|
|
|
—
|
|
Derivative instruments
|
|
|
5,179
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
5,179
|
|
Other liabilities
|
|
|
75,382
|
|
|
—
|
|
|
543
|
|
|
—
|
|
|
75,925
|
|
Total liabilities
|
|
|
5,152,199
|
|
|
—
|
|
|
1,047,524
|
|
|
(241,842)
|
|
|
5,957,881
|
|
Equity:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stockholders' equity:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Partners' capital
|
|
|
—
|
|
|
—
|
|
|
1,105,346
|
|
|
(1,105,346)
|
|
|
—
|
|
Common stock
|
|
|
3,042
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
3,042
|
|
Additional paid-in capital
|
|
|
5,022,848
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
5,022,848
|
|
Accumulated earnings
|
|
|
1,207,512
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
1,207,512
|
|
Total stockholders' equity
|
|
|
6,233,402
|
|
|
—
|
|
|
1,105,346
|
|
|
(1,105,346)
|
|
|
6,233,402
|
|
Noncontrolling interest in consolidated subsidiary
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
1,367,497
|
|
|
1,367,497
|
|
Total equity
|
|
|
6,233,402
|
|
|
—
|
|
|
1,105,346
|
|
|
262,151
|
|
|
7,600,899
|
|
Total liabilities and equity
|
|
$
|
11,385,601
|
|
|
—
|
|
|
2,152,870
|
|
|
20,309
|
|
|
13,558,780
|
|
|
Schedule of condensed consolidated statement of operations and comprehensive income (loss) |
Condensed Consolidating Statement of Operations and Comprehensive Income (Loss)
Three Months Ended June 30, 2015
(In thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Parent
|
|
Guarantor Subsidiaries
|
|
Non-Guarantor Subsidiaries
|
|
Eliminations
|
|
Consolidated
|
|
Revenue:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural gas sales
|
|
$
|
242,065
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
242,065
|
|
Natural gas liquids sales
|
|
|
59,525
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
59,525
|
|
Oil sales
|
|
|
23,032
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
23,032
|
|
Gathering, compression, and water handling and treatment
|
|
|
1,826
|
|
|
—
|
|
|
56,593
|
|
|
(53,929)
|
|
|
4,490
|
|
Marketing
|
|
|
49,829
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
49,829
|
|
Commodity derivative fair value losses
|
|
|
(2,227)
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(2,227)
|
|
Other income
|
|
|
224
|
|
|
—
|
|
|
—
|
|
|
(224)
|
|
|
—
|
|
Total revenue
|
|
|
374,274
|
|
|
—
|
|
|
56,593
|
|
|
(54,153)
|
|
|
376,714
|
|
Operating expenses:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Lease operating
|
|
|
6,673
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
6,673
|
|
Gathering, compression, processing, and transportation
|
|
|
213,560
|
|
|
—
|
|
|
7,105
|
|
|
(53,996)
|
|
|
166,669
|
|
Production and ad valorem taxes
|
|
|
18,332
|
|
|
—
|
|
|
4,187
|
|
|
—
|
|
|
22,519
|
|
Marketing
|
|
|
79,053
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
79,053
|
|
Exploration
|
|
|
628
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
628
|
|
Impairment of unproved properties
|
|
|
26,339
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
26,339
|
|
Depletion, depreciation, and amortization
|
|
|
161,955
|
|
|
—
|
|
|
15,091
|
|
|
—
|
|
|
177,046
|
|
Accretion of asset retirement obligations
|
|
|
408
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
408
|
|
General and administrative
|
|
|
49,431
|
|
|
—
|
|
|
9,917
|
|
|
(157)
|
|
|
59,191
|
|
Contract termination and rig stacking
|
|
|
1,937
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
1,937
|
|
Total operating expenses
|
|
|
558,316
|
|
|
—
|
|
|
36,300
|
|
|
(54,153)
|
|
|
540,463
|
|
Operating income (loss)
|
|
|
(184,042)
|
|
|
—
|
|
|
20,293
|
|
|
—
|
|
|
(163,749)
|
|
Other income (expenses):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest
|
|
|
(58,980)
|
|
|
—
|
|
|
(843)
|
|
|
—
|
|
|
(59,823)
|
|
Equity in net income of subsidiaries
|
|
|
13,560
|
|
|
—
|
|
|
—
|
|
|
(13,560)
|
|
|
—
|
|
Total other expenses
|
|
|
(45,420)
|
|
|
—
|
|
|
(843)
|
|
|
(13,560)
|
|
|
(59,823)
|
|
Income (loss) before income taxes
|
|
|
(229,462)
|
|
|
—
|
|
|
19,450
|
|
|
(13,560)
|
|
|
(223,572)
|
|
Provision for income tax benefit
|
|
|
84,089
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
84,089
|
|
Net income (loss) and comprehensive income (loss) including noncontrolling interest
|
|
|
(145,373)
|
|
|
—
|
|
|
19,450
|
|
|
(13,560)
|
|
|
(139,483)
|
|
Net income and comprehensive income attributable to noncontrolling interest
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
5,890
|
|
|
5,890
|
|
Net income (loss) and comprehensive income (loss) attributable to Antero Resources Corporation
|
|
$
|
(145,373)
|
|
|
—
|
|
|
19,450
|
|
|
(19,450)
|
|
|
(145,373)
|
|
Condensed Consolidating Statement of Operations and Comprehensive Income (Loss)
Three Months Ended June 30, 2016
(In thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Parent
|
|
Guarantor Subsidiaries
|
|
Non-Guarantor Subsidiaries
|
|
Eliminations
|
|
Consolidated
|
|
Revenue:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural gas sales
|
|
$
|
229,787
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
229,787
|
|
Natural gas liquids sales
|
|
|
94,713
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
94,713
|
|
Oil sales
|
|
|
16,740
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
16,740
|
|
Gathering, compression, and water handling and treatment
|
|
|
—
|
|
|
—
|
|
|
136,809
|
|
|
(133,515)
|
|
|
3,294
|
|
Marketing
|
|
|
90,902
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
90,902
|
|
Commodity derivative fair value losses
|
|
|
(684,634)
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(684,634)
|
|
Other income
|
|
|
3,899
|
|
|
—
|
|
|
—
|
|
|
(3,899)
|
|
|
—
|
|
Total revenue
|
|
|
(248,593)
|
|
|
—
|
|
|
136,809
|
|
|
(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
|
|
Production and ad valorem taxes
|
|
|
16,175
|
|
|
—
|
|
|
1,283
|
|
|
—
|
|
|
17,458
|
|
Marketing
|
|
|
125,977
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
125,977
|
|
Exploration
|
|
|
1,109
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
1,109
|
|
Impairment of unproved properties
|
|
|
19,944
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
19,944
|
|
Depletion, depreciation, and amortization
|
|
|
173,222
|
|
|
—
|
|
|
24,140
|
|
|
—
|
|
|
197,362
|
|
Accretion of asset retirement obligations
|
|
|
620
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
620
|
|
General and administrative
|
|
|
47,167
|
|
|
—
|
|
|
13,306
|
|
|
(371)
|
|
|
60,102
|
|
Accretion of contingent acquisition consideration
|
|
|
—
|
|
|
—
|
|
|
3,461
|
|
|
(3,461)
|
|
|
—
|
|
Total operating expenses
|
|
|
664,209
|
|
|
—
|
|
|
83,504
|
|
|
(107,038)
|
|
|
640,675
|
|
Operating income (expense)
|
|
|
(912,802)
|
|
|
—
|
|
|
53,305
|
|
|
(30,376)
|
|
|
(889,873)
|
|
Other income (expenses):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Equity in earnings of unconsolidated affiliate
|
|
|
—
|
|
|
—
|
|
|
484
|
|
|
—
|
|
|
484
|
|
Interest
|
|
|
(58,910)
|
|
|
—
|
|
|
(3,878)
|
|
|
193
|
|
|
(62,595)
|
|
Equity in net income (loss) of subsidiaries
|
|
|
(1,026)
|
|
|
—
|
|
|
—
|
|
|
1,026
|
|
|
—
|
|
Total other expenses
|
|
|
(59,936)
|
|
|
—
|
|
|
(3,394)
|
|
|
1,219
|
|
|
(62,111)
|
|
Income (loss) before income taxes
|
|
|
(972,738)
|
|
|
—
|
|
|
49,911
|
|
|
(29,157)
|
|
|
(951,984)
|
|
Provision for income tax benefit
|
|
|
376,494
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
376,494
|
|
Net income (loss) and comprehensive income (loss) including noncontrolling interest
|
|
|
(596,244)
|
|
|
—
|
|
|
49,911
|
|
|
(29,157)
|
|
|
(575,490)
|
|
Net income and comprehensive income attributable to noncontrolling interest
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
20,754
|
|
|
20,754
|
|
Net income (loss) and comprehensive income (loss) attributable to Antero Resources Corporation
|
|
$
|
(596,244)
|
|
|
—
|
|
|
49,911
|
|
|
(49,911)
|
|
|
(596,244)
|
|
Condensed Consolidating Statement of Operations and Comprehensive Income
Six Months Ended June 30, 2015
(In thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Parent
|
|
Guarantor Subsidiaries
|
|
Non-Guarantor Subsidiaries
|
|
Eliminations
|
|
Consolidated
|
|
Revenue:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural gas sales
|
|
$
|
557,007
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
557,007
|
|
Natural gas liquids sales
|
|
|
138,311
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
138,311
|
|
Oil sales
|
|
|
35,489
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
35,489
|
|
Gathering, compression, and water handling and treatment
|
|
|
5,693
|
|
|
—
|
|
|
108,836
|
|
|
(103,871)
|
|
|
10,658
|
|
Marketing
|
|
|
107,609
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
107,609
|
|
Commodity derivative fair value gains
|
|
|
757,327
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
757,327
|
|
Other income
|
|
|
500
|
|
|
—
|
|
|
—
|
|
|
(500)
|
|
|
—
|
|
Total revenue
|
|
|
1,601,936
|
|
|
| |