2014 Form 10-K Financial Statement

#000134943615000082 Filed on February 27, 2015

View on sec.gov

Income Statement

Concept 2014 2013 Q4 2013 Q3
Revenue $1.559B $465.1M $493.6M
YoY Change -21.41% -65.24% -7.36%
Cost Of Revenue $56.16M $159.5M $13.77M
YoY Change -1.69% -8.12% -12.08%
Gross Profit $1.503B $305.7M $479.8M
YoY Change -21.99% -16.97% -7.21%
Gross Profit Margin 96.4% 65.73% 97.21%
Selling, General & Admin $114.0M $35.60M $37.70M
YoY Change -45.17% -57.06% -19.44%
% of Gross Profit 7.59% 11.65% 7.86%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $493.9M $149.2M $152.9M
YoY Change -21.58% -21.47% -16.27%
% of Gross Profit 32.87% 48.81% 31.87%
Operating Expenses $616.9M $193.4M $199.1M
YoY Change -29.46% -31.47% -16.52%
Operating Profit $590.2M $122.3M -$2.166M
YoY Change -449.24% -158.31% -97.15%
Interest Expense $89.90M -$38.90M -$194.2M
YoY Change -128.33% -41.24% -29.48%
% of Operating Profit 15.23% -31.82%
Other Income/Expense, Net -$240.6M $11.30M -$60.73M
YoY Change -29.19% 927.27% -27.45%
Pretax Income $349.6M $71.80M -$62.89M
YoY Change -168.71% -124.38% -60.59%
Income Tax -$2.293M -$1.600M $2.363M
% Of Pretax Income -0.66% -2.23%
Net Earnings $253.3M $73.38M -$81.45M
YoY Change -145.73% -124.91% -52.21%
Net Earnings / Revenue 16.25% 15.78% -16.5%
Basic Earnings Per Share $0.42 $0.06 -$0.20
Diluted Earnings Per Share $0.42 $0.06 -$0.20
COMMON SHARES
Basic Shares Outstanding 479.6M shares 490.3M shares 483.6M shares
Diluted Shares Outstanding 499.7M shares 483.6M shares

Balance Sheet

Concept 2014 2013 Q4 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $181.3M $814.7M $920.3M
YoY Change -77.75% 162.98% 36.6%
Cash & Equivalents $181.3M $814.7M $920.3M
Short-Term Investments
Other Short-Term Assets $320.6M $25.91M $39.68M
YoY Change 311.03% 36.06% 154.01%
Inventory
Prepaid Expenses $39.25M $37.86M
Receivables $330.1M $349.2M $390.9M
Other Receivables $0.00 $2.500M $0.00
Total Short-Term Assets $831.9M $1.242B $1.403B
YoY Change -33.01% 8.66% 14.16%
LONG-TERM ASSETS
Property, Plant & Equipment $6.215B $566.2M $576.4M
YoY Change -1.47% -2.77% -9.68%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $11.10M $13.70M
YoY Change -18.98%
Other Assets $201.1M $121.2M $124.6M
YoY Change 82.98% -16.0% 2.69%
Total Long-Term Assets $6.427B $6.443B $6.266B
YoY Change -0.24% -25.5% -27.26%
TOTAL ASSETS
Total Short-Term Assets $831.9M $1.242B $1.403B
Total Long-Term Assets $6.427B $6.443B $6.266B
Total Assets $7.259B $7.685B $7.669B
YoY Change -5.54% -21.51% -22.09%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $514.9M $471.2M $774.1M
YoY Change 9.27% -15.75% -0.65%
Accrued Expenses $157.4M $324.7M
YoY Change -51.52% 70.27%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00
YoY Change
Total Short-Term Liabilities $784.5M $933.8M $882.0M
YoY Change -15.99% -20.22% -3.58%
LONG-TERM LIABILITIES
Long-Term Debt $3.195B $3.195B $3.195B
YoY Change 0.02% -25.72% -25.71%
Other Long-Term Liabilities $69.50M $22.83M $24.24M
YoY Change -81.73% 33.9% 53.3%
Total Long-Term Liabilities $3.265B $3.218B $3.219B
YoY Change -8.68% -25.48% -25.42%
TOTAL LIABILITIES
Total Short-Term Liabilities $784.5M $933.8M $882.0M
Total Long-Term Liabilities $3.265B $3.218B $3.219B
Total Liabilities $5.321B $4.509B $4.484B
YoY Change -9.18% -23.94% -20.49%
SHAREHOLDERS EQUITY
Retained Earnings -$3.460B -$3.466B
YoY Change 21.38% 36.2%
Common Stock $483.0K $483.0K
YoY Change 1.47% 1.47%
Preferred Stock
YoY Change
Treasury Stock (at cost) $8.770M $8.763M
YoY Change 1.95% 24.51%
Treasury Stock Shares 1.319M shares 1.269M shares
Shareholders Equity $1.938B $1.826B $1.814B
YoY Change
Total Liabilities & Shareholders Equity $7.259B $7.685B $7.669B
YoY Change -5.54% -21.51% -22.09%

Cashflow Statement

Concept 2014 2013 Q4 2013 Q3
OPERATING ACTIVITIES
Net Income $253.3M $73.38M -$81.45M
YoY Change -145.73% -124.91% -52.21%
Depreciation, Depletion And Amortization $493.9M $149.2M $152.9M
YoY Change -21.58% -21.47% -16.27%
Cash From Operating Activities $621.1M $273.6M $210.3M
YoY Change -28.49% 37.49% 26.31%
INVESTING ACTIVITIES
Capital Expenditures -$1.572B -$334.7M -$341.9M
YoY Change 3.82% -36.16% -40.87%
Acquisitions $18.38M
YoY Change 7.96%
Other Investing Activities $18.38M $16.70M $3.500M
YoY Change 7.96% 85.56% 169.23%
Cash From Investing Activities -$857.2M -$317.9M -$338.4M
YoY Change -180.09% -38.31% -41.33%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $111.8M
YoY Change
Debt Paid & Issued, Net $0.00
YoY Change -100.0%
Cash From Financing Activities -$397.3M -61.30M -46.00M
YoY Change -72.3% 29.05% -106.94%
NET CHANGE
Cash From Operating Activities $621.1M 273.6M 210.3M
Cash From Investing Activities -$857.2M -317.9M -338.4M
Cash From Financing Activities -$397.3M -61.30M -46.00M
Net Change In Cash -$633.4M -105.6M -174.1M
YoY Change -225.45% -70.97% -168.9%
FREE CASH FLOW
Cash From Operating Activities $621.1M $273.6M $210.3M
Capital Expenditures -$1.572B -$334.7M -$341.9M
Free Cash Flow $2.193B $608.3M $552.2M
YoY Change -7.96% -15.9% -25.85%

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5762969000 USD
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1842000 USD
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23349000 USD
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CY2013 us-gaap Contract Revenue Cost
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23349000 USD
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68227000 USD
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57118000 USD
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56155000 USD
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1609446000 USD
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2152389000 USD
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1761556000 USD
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21130000 USD
CY2014 us-gaap Costs Incurred Acquisition Of Oil And Gas Properties With Proved Reserves
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73370000 USD
CY2012 us-gaap Costs Incurred Acquisition Of Unproved Oil And Gas Properties
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CY2013 us-gaap Costs Incurred Acquisition Of Unproved Oil And Gas Properties
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123649000 USD
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1704991000 USD
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1131269000 USD
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1288395000 USD
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120438000 USD
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82775000 USD
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41070000 USD
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3964170000 USD
CY2013 us-gaap Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities
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3692000 USD
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6500000 USD
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CY2014 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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14000 USD
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4302000 USD
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36938000 USD
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48614000 USD
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6898000 USD
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96752000 USD
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2092423000 USD
CY2013 us-gaap Extensions Discoveries Additions And Improved Recovery Less Related Costs
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1406102000 USD
CY2014 us-gaap Extensions Discoveries Additions And Improved Recovery Less Related Costs
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1785963000 USD
CY2012Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Cash Inflows
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29482544000 USD
CY2013Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Cash Inflows
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19937484000 USD
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21022320000 USD
CY2012Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Development Costs
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4021051000 USD
CY2013Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Development Costs
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2546680000 USD
CY2014Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Development Costs
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1810201000 USD
CY2014 us-gaap Increase Decrease In Billing In Excess Of Cost Of Earnings
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0 USD
CY2012Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Income Tax Expense
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3721509000 USD
CY2013Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Income Tax Expense
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2283541000 USD
CY2014Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Income Tax Expense
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3223740000 USD
CY2012Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Net Cash Flows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesNetCashFlows
12840519000 USD
CY2013Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Net Cash Flows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesNetCashFlows
8263550000 USD
CY2014Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Net Cash Flows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesNetCashFlows
9489013000 USD
CY2012Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Production Costs
FutureNetCashFlowsRelatingToProvedOilAndGasReservesProductionCosts
8899465000 USD
CY2013Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Production Costs
FutureNetCashFlowsRelatingToProvedOilAndGasReservesProductionCosts
6843713000 USD
CY2014Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Production Costs
FutureNetCashFlowsRelatingToProvedOilAndGasReservesProductionCosts
6499366000 USD
CY2012Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Ten Percent Annual Discount For Estimated Timing Of Cash Flows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesTenPercentAnnualDiscountForEstimatedTimingOfCashFlows
7000151000 USD
CY2013Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Ten Percent Annual Discount For Estimated Timing Of Cash Flows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesTenPercentAnnualDiscountForEstimatedTimingOfCashFlows
4245939000 USD
CY2014Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Ten Percent Annual Discount For Estimated Timing Of Cash Flows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesTenPercentAnnualDiscountForEstimatedTimingOfCashFlows
5401261000 USD
CY2012 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-3089000 USD
CY2013 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-399086000 USD
CY2014 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-10000 USD
CY2012 us-gaap Gains Losses On Extinguishment Of Debt
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-3075000 USD
CY2013 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-82005000 USD
CY2014 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
CY2012 us-gaap Gas Gathering Transportation Marketing And Processing Costs
GasGatheringTransportationMarketingAndProcessingCosts
39669000 USD
CY2013 us-gaap Gas Gathering Transportation Marketing And Processing Costs
GasGatheringTransportationMarketingAndProcessingCosts
53644000 USD
CY2014 us-gaap Gas Gathering Transportation Marketing And Processing Costs
GasGatheringTransportationMarketingAndProcessingCosts
49905000 USD
CY2012 us-gaap Gas Gathering Transportation Marketing And Processing Revenue
GasGatheringTransportationMarketingAndProcessingRevenue
40486000 USD
CY2013 us-gaap Gas Gathering Transportation Marketing And Processing Revenue
GasGatheringTransportationMarketingAndProcessingRevenue
58304000 USD
CY2014 us-gaap Gas Gathering Transportation Marketing And Processing Revenue
GasGatheringTransportationMarketingAndProcessingRevenue
55658000 USD
CY2013Q4 us-gaap Gas Imbalance Asset Liability
GasImbalanceAssetLiability
-2600000 USD
CY2014Q4 us-gaap Gas Imbalance Asset Liability
GasImbalanceAssetLiability
-1400000 USD
CY2012 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
241682000 USD
CY2013 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
330425000 USD
CY2014 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
122865000 USD
CY2012 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
235400000 USD
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
146209000 USD
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-508795000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
349605000 USD
CY2012 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-100362000 USD
CY2013 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5684000 USD
CY2014 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-2293000 USD
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IncomeTaxesPaidNet
1324000 USD
CY2013 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
4610000 USD
CY2014 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-1928000 USD
CY2012 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
44115000 USD
CY2013 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
101453000 USD
CY2014 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-66492000 USD
CY2012 us-gaap Increase Decrease In Asset Retirement Obligations
IncreaseDecreaseInAssetRetirementObligations
-84361000 USD
CY2013 us-gaap Increase Decrease In Asset Retirement Obligations
IncreaseDecreaseInAssetRetirementObligations
-133623000 USD
CY2012 us-gaap Increase Decrease In Estimated Future Development Costs
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-45397000 USD
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IncreaseDecreaseInOtherCurrentAssets
-3164000 USD
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-34447000 USD
CY2013 us-gaap Increase Decrease In Billing In Excess Of Cost Of Earnings
IncreaseDecreaseInBillingInExcessOfCostOfEarnings
11229000 USD
CY2014 us-gaap Increase Decrease In Asset Retirement Obligations
IncreaseDecreaseInAssetRetirementObligations
-16322000 USD
CY2012 us-gaap Increase Decrease In Billing In Excess Of Cost Of Earnings
IncreaseDecreaseInBillingInExcessOfCostOfEarnings
-11229000 USD
CY2013 us-gaap Increase Decrease In Estimated Future Development Costs
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-207729000 USD
CY2014 us-gaap Increase Decrease In Estimated Future Development Costs
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-341183000 USD
CY2012 us-gaap Increase Decrease In Future Income Tax Expense Estimates On Future Cash Flows Related To Proved Oil And Gas Reserves
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11433000 USD
CY2013 us-gaap Increase Decrease In Future Income Tax Expense Estimates On Future Cash Flows Related To Proved Oil And Gas Reserves
IncreaseDecreaseInFutureIncomeTaxExpenseEstimatesOnFutureCashFlowsRelatedToProvedOilAndGasReserves
477328000 USD
CY2014 us-gaap Increase Decrease In Future Income Tax Expense Estimates On Future Cash Flows Related To Proved Oil And Gas Reserves
IncreaseDecreaseInFutureIncomeTaxExpenseEstimatesOnFutureCashFlowsRelatedToProvedOilAndGasReserves
-256371000 USD
CY2012 us-gaap Increase Decrease In Other Current Assets
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1586000 USD
CY2013 us-gaap Increase Decrease In Other Current Assets
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3269000 USD
CY2014 us-gaap Increase Due To Purchases Of Minerals In Place
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50958000 USD
CY2012 us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
0 shares
CY2013 us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
0 shares
CY2014 us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
17918000 shares
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-5777000 USD
CY2014 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
1132000 USD
CY2012 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
5952000 USD
CY2013 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
7934000 USD
CY2014 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-9549000 USD
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141534000 USD
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63492000 USD
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IncreaseDecreaseInRestrictedCash
-255000000 USD
CY2013 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
255000000 USD
CY2014 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
0 USD
CY2012 us-gaap Increase Due To Purchases Of Minerals In Place
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1708301000 USD
CY2013 us-gaap Increase Due To Purchases Of Minerals In Place
IncreaseDueToPurchasesOfMineralsInPlace
1628000 USD
CY2012 us-gaap Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends
2420000 shares
CY2013 us-gaap Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends
0 shares
CY2014 us-gaap Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends
2181000 shares
CY2013Q4 us-gaap Insurance Settlements Receivable Current
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2500000 USD
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InsuranceSettlementsReceivableCurrent
0 USD
CY2012 us-gaap Interest And Debt Expense
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303349000 USD
CY2013 us-gaap Interest And Debt Expense
InterestAndDebtExpense
270234000 USD
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257152000 USD
CY2013 us-gaap Interest Paid Net
InterestPaidNet
274850000 USD
CY2014 us-gaap Interest Paid Net
InterestPaidNet
235793000 USD
CY2013Q4 us-gaap Interest Payable Current
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CY2014Q4 us-gaap Interest Payable Current
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79704000 USD
CY2013Q4 us-gaap Land
Land
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Land
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477154000 USD
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516427000 USD
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346088000 USD
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CY2014Q4 us-gaap Liabilities
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4049405000 USD
CY2013Q4 us-gaap Liabilities And Stockholders Equity
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7684795000 USD
CY2014Q4 us-gaap Liabilities And Stockholders Equity
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933818000 USD
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784451000 USD
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LongTermDebtCurrent
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3195436000 USD
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600603000 USD
CY2014Q4 us-gaap Machinery And Equipment Gross
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MarketableSecuritiesNoncurrent
13708000 USD
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MarketableSecuritiesNoncurrent
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MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
181727000 USD
CY2013 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
206470000 USD
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193807000 USD
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2730000 USD
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CY2012 us-gaap Net Cash Provided By Used In Investing Activities
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CY2013 us-gaap Net Cash Provided By Used In Operating Activities
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621114000 USD
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141571000 USD
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253285000 USD
CY2012 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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105000000 USD
CY2013 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
39410000 USD
CY2014 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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CY2012 us-gaap Net Income Loss Available To Common Stockholders Basic
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86046000 USD
CY2013Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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NetIncomeLossAvailableToCommonStockholdersBasic
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CY2013Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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CY2013Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
29480000 USD
CY2013 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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CY2014Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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NetIncomeLossAvailableToCommonStockholdersBasic
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CY2014Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
145957000 USD
CY2014Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
254295000 USD
CY2014 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
203260000 USD
CY2012 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
86046000 USD
CY2013 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-609414000 USD
CY2014 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
209760000 USD
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CY2014 us-gaap Net Increase Decrease In Sales And Transfer Prices And Production Costs
NetIncreaseDecreaseInSalesAndTransferPricesAndProductionCosts
331694000 USD
CY2012 us-gaap Noncontrolling Interest Increase From Sale Of Parent Equity Interest
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CY2013 us-gaap Noncontrolling Interest Increase From Sale Of Parent Equity Interest
NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest
28985000 USD
CY2014 us-gaap Noncontrolling Interest Increase From Sale Of Parent Equity Interest
NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest
22119000 USD
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NonoperatingIncomeExpense
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NonoperatingIncomeExpense
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CY2014 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
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NotesAndLoansReceivableNetNoncurrent
11640000 USD
CY2014Q4 us-gaap Notes And Loans Receivable Net Noncurrent
NotesAndLoansReceivableNetNoncurrent
0 USD
CY2014 us-gaap Number Of Reportable Segments
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3 segment
CY2013Q4 us-gaap Oil And Gas Joint Interest Billing Receivables Current
OilAndGasJointInterestBillingReceivablesCurrent
168596000 USD
CY2014Q4 us-gaap Oil And Gas Joint Interest Billing Receivables Current
OilAndGasJointInterestBillingReceivablesCurrent
170937000 USD
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OilAndGasPropertyFullCostMethodGross
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CY2013Q4 us-gaap Oil And Gas Property Full Cost Method Gross
OilAndGasPropertyFullCostMethodGross
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CY2014Q4 us-gaap Oil And Gas Property Full Cost Method Gross
OilAndGasPropertyFullCostMethodGross
11997743000 USD
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OilAndGasPropertyFullCostMethodNet
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CY2013Q4 us-gaap Oil And Gas Property Full Cost Method Net
OilAndGasPropertyFullCostMethodNet
5741453000 USD
CY2014Q4 us-gaap Oil And Gas Property Full Cost Method Net
OilAndGasPropertyFullCostMethodNet
5638594000 USD
CY2012 us-gaap Oil And Gas Sales Revenue
OilAndGasSalesRevenue
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OilAndGasSalesRevenue
1820278000 USD
CY2014 us-gaap Oil And Gas Sales Revenue
OilAndGasSalesRevenue
1420879000 USD
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OperatingIncomeLoss
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OperatingIncomeLoss
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CY2013Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
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CY2013Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
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CY2013 us-gaap Operating Income Loss
OperatingIncomeLoss
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CY2014Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
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OperatingIncomeLoss
42079000 USD
CY2014Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
256491000 USD
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OperatingIncomeLoss
373984000 USD
CY2014 us-gaap Operating Income Loss
OperatingIncomeLoss
590224000 USD
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CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
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CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
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572000 USD
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
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759000 USD
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
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982000 USD
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
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CY2012 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
2600000 USD
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OperatingLeasesRentExpenseNet
3600000 USD
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OperatingLeasesRentExpenseNet
1700000 USD
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3490000 USD
CY2012 us-gaap Other Operating Activities Cash Flow Statement
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1387000 USD
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5945000 USD
CY2014Q4 us-gaap Other Assets Miscellaneous Noncurrent
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1853000 USD
CY2013Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
121171000 USD
CY2014Q4 us-gaap Other Assets Noncurrent
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22825000 USD
CY2014Q4 us-gaap Other Liabilities Noncurrent
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15116000 USD
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25910000 USD
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21193000 USD
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OtherNonoperatingIncomeExpense
4741000 USD
CY2013 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
12445000 USD
CY2012 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
60805000 USD
CY2013 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
62136000 USD
CY2014 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
59636000 USD
CY2012 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
241682000 USD
CY2013 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
207920000 USD
CY2014 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
113991000 USD
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0 USD
CY2013 us-gaap Other Operating Activities Cash Flow Statement
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3929000 USD
CY2014 us-gaap Other Operating Activities Cash Flow Statement
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407000 USD
CY2012 us-gaap Other Operating Income
OtherOperatingIncome
18241000 USD
CY2013 us-gaap Other Operating Income
OtherOperatingIncome
14871000 USD
CY2014 us-gaap Other Operating Income
OtherOperatingIncome
6133000 USD
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5122000 USD
CY2014Q4 us-gaap Other Receivables Gross Current
OtherReceivablesGrossCurrent
4939000 USD
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CY2014 us-gaap Revenues
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143607000 USD
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-163562000 USD
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1382000 USD
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17000 USD
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CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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1288000 USD
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300000 USD
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CY2014 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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CY2014 us-gaap Revenue Recognition Completed Contract Method
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:12px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company accounted for its construction contract, discussed in Note </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">11</font><font style="font-family:inherit;font-size:10pt;">, using the completed-contract method, under which contract revenues and costs are recognized when work under the contract is completed or substantially completed and assets have been transferred. In the interim, costs incurred on and billings related to contracts in process are accumulated on the balance sheet. Contract losses are recorded at the time it is determined that a loss will be incurred. Contract gains, if any, are recorded upon substantial completion of the construction project. </font></div></div>
CY2014 us-gaap Use Of Estimates
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:12px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Use of Estimates.</font><font style="font-family:inherit;font-size:10pt;">&#160;The preparation of the consolidated financial statements in conformity with accounting principles generally accepted in the United States of America (&#8220;GAAP&#8221;) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.</font></div><div style="line-height:120%;padding-bottom:12px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The more significant areas requiring the use of assumptions, judgments and estimates include: oil, natural gas and NGL reserves; cash flow estimates used in impairment tests of long-lived assets; depreciation, depletion and amortization; asset retirement obligations; assignments of fair value and allocations of purchase price in connection with business combinations; determinations of significant alterations to the full cost pool and related estimates of fair value for allocations of divested oil and natural gas properties that result in substantial economic differences between the properties divested and the properties remaining; income taxes; valuation of derivative instruments; contingencies; and accrued revenue and related receivables. Although management believes these estimates are reasonable, actual results could differ significantly.</font></div></div>

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