Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v2.4.0.8
Segment Information
3 Months Ended
Mar. 31, 2014
Segment Information  
Segment Information

(9)         Segment Information

 

The operating results and assets of the Company’s reportable segments were as follows for the three months ended March 31, 2013 and 2014 (in thousands):

 

 

 

Exploration
and
production

 

Gathering and
compression

 

Fresh water
distribution

 

Elimination of
intersegment
transactions

 

Consolidated
total

 

2013:

 

 

 

 

 

 

 

 

 

 

 

Sales and revenues:

 

 

 

 

 

 

 

 

 

 

 

Third-party

$

61,454

 

 

 

 

61,454

 

Intersegment

 

 

1,953

 

4,365

 

(6,318

)

 

 

$

61,454

 

1,953

 

4,365

 

(6,318

)

61,454

 

 

 

 

 

 

 

 

 

 

 

 

 

Depletion, depreciation, and amortization

$

39,476

 

1,012

 

 

(124

)

40,364

 

Interest expense

$

29,909

 

19

 

 

 

29,928

 

Income tax benefit

$

30,400

 

 

 

 

30,400

 

Operating income (loss)(1)

$

(49,087

)

744

 

3,571

 

(3,697

)

(48,469

)

Segment assets

$

4,038,932

 

238,067

 

22,856

 

(206,976

)

4,092,879

 

Capital expenditures for segment assets

$

488,479

 

55,975

 

9,020

 

(3,821

)

549,653

 

 

 

 

Exploration
and
production

 

Gathering and
compression

 

Fresh water
distribution

 

Elimination of
intersegment
transactions

 

Consolidated
total

 

2014:

 

 

 

 

 

 

 

 

 

 

 

Sales and revenues:

 

 

 

 

 

 

 

 

 

 

 

Third-party

$

161,457

 

930

 

2,594

 

 

164,981

 

Intersegment

 

 

10,843

 

21,909

 

(32,752

)

 

 

$

161,457

 

11,773

 

24,503

 

(32,752

)

164,981

 

 

 

 

 

 

 

 

 

 

 

 

 

Depletion, depreciation, and amortization

$

83,138

 

6,108

 

2,918

 

(958

)

91,206

 

Interest expense

$

31,084

 

172

 

86

 

 

31,342

 

Income tax benefit

$

40,662

 

 

 

 

40,662

 

Operating income (loss)(1)

$

(109,482

)

4,896

 

16,202

 

(15,695

)

(104,079

)

Segment assets

$

6,982,436

 

703,426

 

288,981

 

(840,386

)

7,134,457

 

Capital expenditures for segment assets

$

581,736

 

107,523

 

60,030

 

(17,583

)

731,706

 

 

(1)             All general and administrative expenses are included in the exploration and production segment.