Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations and Comprehensive Loss

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Condensed Consolidated Statements of Operations and Comprehensive Loss (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Revenue:    
Natural gas sales $ 312,336 $ 121,946
Natural gas liquids sales 73,928 10,572
Oil sales 24,122 877
Gathering, compression and water distribution 3,524  
Commodity derivative fair value losses (248,929) (71,941)
Total revenue 164,981 61,454
Operating expenses:    
Lease operating 4,869 1,071
Gathering, compression, processing, and transportation 92,265 40,970
Production and ad valorem taxes 21,039 8,619
Exploration 6,997 4,362
Impairment of unproved properties 1,397 1,556
Depletion, depreciation, and amortization 91,206 40,364
Accretion of asset retirement obligations 302 264
General and administrative (including stock compensation of $29,137 in 2014) 50,985 12,717
Total operating expenses 269,060 109,923
Operating loss (104,079) (48,469)
Interest expense (31,342) (29,928)
Loss before income taxes (135,421) (78,397)
Provision for income tax benefit 40,662 30,400
Net loss and comprehensive loss $ (94,759) $ (47,997)
Loss per common share (in dollars per share) $ (0.36) $ (0.18)
Loss per common share - assuming dilution (in dollars per share) $ (0.36) $ (0.18)