$WTI
W&T OFFSHORE INC

2014 Q4 Form 10-K Financial Statement

#000156459016014291 Filed on March 09, 2016

View on sec.gov

Income Statement

Concept 2014 Q4 2014 Q3 2014 Q2
Revenue $196.7M $234.5M $263.0M
YoY Change -19.7% -4.1% 11.73%
Cost Of Revenue $75.60M $71.70M $61.80M
YoY Change -0.4% 6.54% -9.38%
Gross Profit $121.0M $162.8M $201.2M
YoY Change -28.4% -8.13% 20.41%
Gross Profit Margin 61.52% 69.42% 76.5%
Selling, General & Admin $31.50M $26.90M $25.50M
YoY Change 14.55% 5.91% -3.04%
% of Gross Profit 26.03% 16.52% 12.67%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $130.9M $128.7M $128.2M
YoY Change -5.56% 23.63% 28.33%
% of Gross Profit 108.18% 79.05% 63.72%
Operating Expenses $162.4M $155.6M $153.7M
YoY Change -2.23% 20.06% 21.79%
Operating Profit -$30.54M $20.98M $34.40M
YoY Change -5010.45% -34.36% -36.08%
Interest Expense -$9.300M -$5.800M -$32.40M
YoY Change -56.34% -83.19% 422.58%
% of Operating Profit -27.64% -94.18%
Other Income/Expense, Net $0.00 $200.0K
YoY Change 100.0%
Pretax Income -$50.70M $1.600M $15.11M
YoY Change 174.05% -92.8% -56.6%
Income Tax -$17.30M $900.0K $5.273M
% Of Pretax Income 56.25% 34.9%
Net Earnings -$33.37M $684.0K $9.837M
YoY Change 180.76% -95.18% -56.08%
Net Earnings / Revenue -16.97% 0.29% 3.74%
Basic Earnings Per Share
Diluted Earnings Per Share -$441.2K $9.259K $128.1K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2014 Q4 2014 Q3 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $23.70M $17.20M $23.80M
YoY Change 50.0% 13.16% 155.91%
Cash & Equivalents $23.67M $17.22M $23.85M
Short-Term Investments
Other Short-Term Assets $6.119M $32.60M $38.60M
YoY Change -79.6% -33.87% 3.76%
Inventory
Prepaid Expenses
Receivables $67.24M $130.5M $121.0M
Other Receivables $0.00 $100.0K $100.0K
Total Short-Term Assets $170.9M $180.4M $183.6M
YoY Change -1.56% -0.44% -3.16%
LONG-TERM ASSETS
Property, Plant & Equipment $2.494B $2.438B $2.324B
YoY Change 9.58% 11.31% 6.66%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $9.307M $33.40M $18.64M
YoY Change -54.5% -35.52% -63.94%
Total Long-Term Assets $2.519B $2.472B $2.366B
YoY Change 7.92% 10.22% 6.09%
TOTAL ASSETS
Total Short-Term Assets $170.9M $180.4M $183.6M
Total Long-Term Assets $2.519B $2.472B $2.366B
Total Assets $2.690B $2.652B $2.550B
YoY Change 7.27% 9.42% 5.36%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $194.1M $159.6M $140.5M
YoY Change 33.67% 22.77% 14.13%
Accrued Expenses $17.38M $39.00M $31.30M
YoY Change -37.94% -8.02% 131.84%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00
YoY Change
Total Short-Term Liabilities $284.5M $352.2M $280.9M
YoY Change -2.94% 11.0% 8.21%
LONG-TERM LIABILITIES
Long-Term Debt $1.352B $1.261B $1.224B
YoY Change 12.17% 19.72% 11.35%
Other Long-Term Liabilities $13.69M $301.9M $301.3M
YoY Change 2.26% 6.68% -4.59%
Total Long-Term Liabilities $1.366B $1.563B $1.224B
YoY Change 12.06% 16.96% -13.5%
TOTAL LIABILITIES
Total Short-Term Liabilities $284.5M $352.2M $280.9M
Total Long-Term Liabilities $1.366B $1.563B $1.224B
Total Liabilities $1.650B $2.102B $1.505B
YoY Change 9.15% 14.81% -18.1%
SHAREHOLDERS EQUITY
Retained Earnings $118.9M
YoY Change -26.25%
Common Stock $414.6M
YoY Change 2.73%
Preferred Stock
YoY Change
Treasury Stock (at cost) $24.17M
YoY Change 0.0%
Treasury Stock Shares $2.869M
Shareholders Equity $509.3M $550.2M $553.4M
YoY Change
Total Liabilities & Shareholders Equity $2.690B $2.652B $2.550B
YoY Change 7.27% 9.42% 5.36%

Cashflow Statement

Concept 2014 Q4 2014 Q3 2014 Q2
OPERATING ACTIVITIES
Net Income -$33.37M $684.0K $9.837M
YoY Change 180.76% -95.18% -56.08%
Depreciation, Depletion And Amortization $130.9M $128.7M $128.2M
YoY Change -5.56% 23.63% 28.33%
Cash From Operating Activities $55.00M $145.3M $138.4M
YoY Change -36.71% -18.55% 8.46%
INVESTING ACTIVITIES
Capital Expenditures -$171.6M -$171.7M -$119.1M
YoY Change 33.02% 38.24% -27.16%
Acquisitions
YoY Change
Other Investing Activities $31.50M -$9.500M -$39.20M
YoY Change -146.74% -306.52%
Cash From Investing Activities -$140.0M -$181.3M -$158.3M
YoY Change -28.68% 51.46% -3.18%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 91.40M 29.30M 23.40M
YoY Change -16.91% -155.39% -29.09%
NET CHANGE
Cash From Operating Activities 55.00M 145.3M 138.4M
Cash From Investing Activities -140.0M -181.3M -158.3M
Cash From Financing Activities 91.40M 29.30M 23.40M
Net Change In Cash 6.400M -6.700M 3.500M
YoY Change 966.67% -215.52% -220.69%
FREE CASH FLOW
Cash From Operating Activities $55.00M $145.3M $138.4M
Capital Expenditures -$171.6M -$171.7M -$119.1M
Free Cash Flow $226.6M $317.0M $257.5M
YoY Change 4.96% 4.76% -11.54%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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PaymentsToExploreAndDevelopOilAndGasProperties
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CY2013 us-gaap Payments To Explore And Develop Oil And Gas Properties
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CY2014Q4 us-gaap Accrued Liabilities Current
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CY2015Q4 us-gaap Preferred Stock Shares Authorized
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CY2014Q4 us-gaap Preferred Stock Shares Authorized
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CY2014Q4 us-gaap Preferred Stock Shares Issued
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CY2013 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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CY2013 wti Increase Decrease In Operating Capital Associated With Investing Activities
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CY2015 us-gaap Nature Of Operations
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<div> <p style="margin-bottom:0pt;margin-top:6pt;margin-left:1.67%;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Operations </p> <p style="margin-bottom:0pt;margin-top:6pt;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:3.33%;">W&amp;T Offshore, Inc. and subsidiaries, referred to herein as &#8220;W&amp;T,&#8221; &#8220;we,&#8221; &#8220;us,&#8221; &#8220;our,&#8221; or the &#8220;Company&#8221;, is an independent oil and natural gas producer focused primarily in the Gulf of Mexico.&nbsp;&nbsp;On October 15, 2015, a substantial amount of our interest in onshore acreage was sold, which is described in Note 2.&nbsp;&nbsp;The Company is active in the exploration, development and acquisition of oil and natural gas properties.&nbsp;&nbsp;Our interest in fields, leases, structures and equipment are primarily owned by the parent company, W&amp;T Offshore, Inc. (on a stand-alone basis, the &#8220;Parent Company&#8221;) and our wholly-owned subsidiary, W &amp; T Energy VI, LLC (&#8220;Energy VI&#8221;).&nbsp;&nbsp;</p></div>
CY2015 us-gaap Use Of Estimates
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<div> <p style="margin-bottom:0pt;margin-top:18pt;margin-left:1.67%;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Use of Estimates </p> <p style="margin-bottom:0pt;margin-top:6pt;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:3.33%;">The preparation of financial statements in conformity with GAAP 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, the reported amounts of revenues and expenses during the reporting periods and the reported amounts of proved oil and natural gas reserves.&nbsp;&nbsp;Actual results could differ from those estimates. </p></div>
CY2015 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div> <p style="margin-bottom:0pt;margin-top:8pt;margin-left:1.67%;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Concentration of Credit Risk </p> <p style="margin-bottom:0pt;margin-top:6pt;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:3.33%;">Our customers are primarily large integrated oil and natural gas companies and large financial institutions.&nbsp;&nbsp;Our production is sold utilizing month-to-month contracts that are based on bid prices.&nbsp;&nbsp;We also have receivables from joint interest owners on properties we operate and we may have the ability to withhold future revenue disbursements to recover amounts due us.&nbsp;&nbsp;We attempt to minimize our credit risk exposure to purchasers of our oil and natural gas, joint interest owners, derivative counterparties and other third-party entities through formal credit policies, monitoring procedures, and letters of credit or guaranties when considered necessary.&nbsp;&nbsp;We historically have not had any significant problems collecting our receivables, but with the decline in commodity prices, several oil and gas companies have filed for bankruptcy.&nbsp;&nbsp;We use the specific identification method of determining if an allowance for doubtful accounts is needed.&nbsp;&nbsp;As of December 31, 2015 and 2014, we recorded $2.5 million and $0.7 million, respectively, in the allowance for doubtful accounts.&nbsp;&nbsp;During 2015 and 2014, there was no usage of the amounts recorded for allowance for doubtful accounts.&nbsp;&nbsp;</p> <p style="margin-bottom:12pt;margin-top:12pt;text-indent:3.33%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The following identifies customers from whom we derived 10% or more of receipts from sales of crude oil, NGLs and natural gas. </p> <div> <table border="0" cellspacing="0" cellpadding="0" align="center" style="border-collapse:collapse; width:90%;"> <tr> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:54.98%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td colspan="10" valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:44%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Year Ended December 31,</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> </tr> <tr> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:54.98%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Tahoma;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td colspan="2" valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:11.52%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">2015</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:3.7%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt transparent;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:8pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td colspan="2" valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:11.52%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">2014</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:3.7%; border-top:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:8pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td colspan="2" valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:11.52%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">2013</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:solid 0.75pt transparent;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> </tr> <tr> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:54.98%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">Customer</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:solid 0.75pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:10.52%; border-top:solid 0.75pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:3.7%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:solid 0.75pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:10.52%; border-top:solid 0.75pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:3.7%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:9pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:solid 0.75pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:10.52%; border-top:solid 0.75pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> </tr> <tr> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:54.98%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Shell Trading (US) Co.</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:10.52%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">50</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">%</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:3.7%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:10.52%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">47</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">%</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:3.7%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:9pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:10.52%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">48</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">%</p></td> </tr> <tr> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:54.98%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">J. P. Morgan</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:10.52%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">14</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">%</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:3.7%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td colspan="2" valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:11.52%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">**</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:3.7%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:9pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td colspan="2" valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:11.52%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">**</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:1pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> </tr> </table></div> <p style="margin-bottom:0pt;margin-top:0pt;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:6.67%;">&nbsp;</p> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:5%;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">** less than 10%</p> <p style="margin-bottom:0pt;margin-top:12pt;text-indent:3.33%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">We believe that the loss of any of the customers above would not result in a material adverse effect on our ability to market future oil and natural gas production as replacement customers could be obtained in a relatively short period of time on terms, conditions and pricing substantially similar to those currently existing. </p></div>
CY2015 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div> <p style="margin-bottom:0pt;margin-top:18pt;margin-left:1.67%;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Reclassifications </p> <p style="margin-bottom:0pt;margin-top:6pt;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:3.33%;">Certain reclassifications have been made to prior periods&#8217; financial statements to conform to the current presentation as follows:&nbsp;&nbsp; Within the Consolidated Statements of Cash Flows, adjustments were made for the changes in operating assets and liabilities associated with investing activities.&nbsp;&nbsp;The adjustments resulted in Net cash provided by operating activities and Net cash used in investing activities to be decreased by $37.5 million for 2014 and increased by $1.4 million for 2013.&nbsp;&nbsp;Similar adjustments were made in the Condensed Consolidating Statements of Cash flow totaling the same amounts for the respective years.&nbsp;&nbsp;The adjustments did not affect the Consolidated Balance Sheets or the Consolidated Statements of Operations.&nbsp;&nbsp;</p></div>
CY2015 us-gaap Derivatives Reporting Of Derivative Activity
DerivativesReportingOfDerivativeActivity
<div> <p style="margin-bottom:0pt;margin-top:18pt;margin-left:1.67%;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Derivative Financial Instruments </p> <p style="margin-bottom:0pt;margin-top:6pt;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:3.33%;">Our market risk exposure relates primarily to commodity prices and interest rates.&nbsp;&nbsp;From time to time, we use various derivative instruments to manage our exposure to commodity price risk from sales of oil and natural gas and interest rate risk from floating interest rates on our credit facility.&nbsp;&nbsp;Our derivative instruments currently consist of commodity swap contracts for oil.&nbsp;&nbsp;We do not enter into derivative instruments for speculative trading purposes. </p> <p style="margin-bottom:0pt;margin-top:12pt;text-indent:3.33%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Derivative instruments are recorded on the balance sheet as an asset or a liability at fair value.&nbsp;&nbsp;Changes in a derivative&#8217;s fair value are required to be recognized currently in earnings unless specific hedge accounting and documentation criteria are met at the time the derivative contract is entered into.&nbsp;&nbsp;We have elected not to designate our commodity derivatives as hedging instruments, therefore, all changes in fair value are recognized in earnings. </p></div>
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10036000
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6900000
CY2014Q4 us-gaap Gas Imbalance Asset Liability
GasImbalanceAssetLiability
6400000
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2500000
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700000
us-gaap Financing Receivable Allowance For Credit Losses Write Offs
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0
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FinancingReceivableAllowanceForCreditLossesWriteOffs
0
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7417000
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7475000
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13130000
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5943000
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9681000
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3425000
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6119000
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0.10
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32400000
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0
CY2013 us-gaap Impairment Of Oil And Gas Properties
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0
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P5Y
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GoodwillAcquiredDuringPeriod
0
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GoodwillAcquiredDuringPeriod
0
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3200000
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9100000
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0
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0.25
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10000000
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150000000
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250000000
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200000
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12200000
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6700000
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161200000
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390568000
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8581000
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2944000
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4780000
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463000
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21820000
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3258000
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64748000
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0
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447000000
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1196855000
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1352120000
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0
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0
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0
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900000000
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300000000
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200000000
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100000000
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P10Y
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P90D
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0.03
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2015-12
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P30D
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P75D
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4000000
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4239548
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3585000
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5160000
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10373000
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24979000
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23824000
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1.00
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1.00
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1.00
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0.06
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0.06
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0.06
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P5Y
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0.20
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2300000
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2400000
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2100000
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288000
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301000
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-5642000
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28033000
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2940000
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-2343000
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263000
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343000
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232925000
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190000
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920000
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398000
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0.350
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0.350
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0.350
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0.002
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-0.016
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0.004
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-0.187
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-0.057
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0.005
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0.163
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0.277
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0.359
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40287000
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518566000
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2697000
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3000000
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5019000
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45984000
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DeferredIncomeTaxLiabilities
523585000
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20486000
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20486000
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133018000
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180024000
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5068000
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5008000
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237275000
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4255000
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3559000
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4245000
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5042000
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2304000
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798000
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73579000
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348259000
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27595000
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3000000
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269000
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303000
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51019000
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75931000
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75609000
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75239000
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2195000
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2097000
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77607000
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73909000
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390000
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90000
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431000
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466000
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1600000
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1600000
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1700000
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34403000
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30400000
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30000
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0.000045
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5000000
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1800000
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5700000
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3300000
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3200000
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2600000
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73000000
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6000000
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4000000
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5000000
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3000000
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12000000
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103000000
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2023-12-31
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5500000
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4100000
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5000000
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5800000
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5900000
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2300000
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1100000
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0
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0
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0
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32000000
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43000000
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4700000
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4
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1000000
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254516000
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262994000
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234521000
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196677000
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37225000
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11189000
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9837000
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684000
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0.15
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0.13
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0.01
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-0.44
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260400000
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252800000
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441600000
CY2015 wti Bonds To Be Secured Date
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2016-03-29
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1.00
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7882300000
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7924200000
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7207100000
CY2015Q4 us-gaap Capitalized Costs Mineral Interests In Unproved Properties
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20200000
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121500000
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132000000
CY2015Q4 us-gaap Capitalized Costs Accumulated Depreciation Depletion Amortization And Valuation Allowance For Relating To Oil And Gas Producing Activities
CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities
6916200000
CY2014Q4 us-gaap Capitalized Costs Accumulated Depreciation Depletion Amortization And Valuation Allowance For Relating To Oil And Gas Producing Activities
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5557600000
CY2013Q4 us-gaap Capitalized Costs Accumulated Depreciation Depletion Amortization And Valuation Allowance For Relating To Oil And Gas Producing Activities
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5069200000
CY2015Q4 us-gaap Capitalized Costs Oil And Gas Producing Activities Net
CapitalizedCostsOilAndGasProducingActivitiesNet
986300000
CY2014Q4 us-gaap Capitalized Costs Oil And Gas Producing Activities Net
CapitalizedCostsOilAndGasProducingActivitiesNet
2488100000
CY2013Q4 us-gaap Capitalized Costs Oil And Gas Producing Activities Net
CapitalizedCostsOilAndGasProducingActivitiesNet
2269900000
CY2015Q4 us-gaap Acquisition Costs Cumulative
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13900000
CY2015Q4 wti Capitalized Interest Of Unproved Properties Excluded From Amortization Cumulative
CapitalizedInterestOfUnprovedPropertiesExcludedFromAmortizationCumulative
4700000
CY2015Q4 us-gaap Capitalized Costs Of Unproved Properties Excluded From Amortization Cumulative
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18600000
CY2014 us-gaap Acquisition Costs
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500000
CY2013 us-gaap Acquisition Costs
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4900000
CY2012 us-gaap Acquisition Costs
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CY2015 wti Capitalized Interest Of Unproved Properties Excluded From Amortization
CapitalizedInterestOfUnprovedPropertiesExcludedFromAmortization
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CY2014 wti Capitalized Interest Of Unproved Properties Excluded From Amortization
CapitalizedInterestOfUnprovedPropertiesExcludedFromAmortization
1200000
CY2013 wti Capitalized Interest Of Unproved Properties Excluded From Amortization
CapitalizedInterestOfUnprovedPropertiesExcludedFromAmortization
900000
CY2012 wti Capitalized Interest Of Unproved Properties Excluded From Amortization
CapitalizedInterestOfUnprovedPropertiesExcludedFromAmortization
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CY2015 us-gaap Capitalized Costs Of Unproved Properties Excluded From Amortization
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1500000
CY2014 us-gaap Capitalized Costs Of Unproved Properties Excluded From Amortization
CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortization
1700000
CY2013 us-gaap Capitalized Costs Of Unproved Properties Excluded From Amortization
CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortization
5800000
CY2012 us-gaap Capitalized Costs Of Unproved Properties Excluded From Amortization
CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortization
9600000
CY2015 us-gaap Costs Incurred Acquisition Of Oil And Gas Properties With Proved Reserves
CostsIncurredAcquisitionOfOilAndGasPropertiesWithProvedReserves
15600000
CY2014 us-gaap Costs Incurred Acquisition Of Oil And Gas Properties With Proved Reserves
CostsIncurredAcquisitionOfOilAndGasPropertiesWithProvedReserves
111500000
CY2013 us-gaap Costs Incurred Acquisition Of Oil And Gas Properties With Proved Reserves
CostsIncurredAcquisitionOfOilAndGasPropertiesWithProvedReserves
96900000
CY2015 us-gaap Costs Incurred Exploration Costs
CostsIncurredExplorationCosts
152400000
CY2014 us-gaap Costs Incurred Exploration Costs
CostsIncurredExplorationCosts
411100000
CY2013 us-gaap Costs Incurred Exploration Costs
CostsIncurredExplorationCosts
215300000
CY2015 us-gaap Costs Incurred Development Costs
CostsIncurredDevelopmentCosts
65500000
CY2014 us-gaap Costs Incurred Development Costs
CostsIncurredDevelopmentCosts
198700000
CY2013 us-gaap Costs Incurred Development Costs
CostsIncurredDevelopmentCosts
352900000
CY2015 us-gaap Costs Incurred Acquisition Of Unproved Oil And Gas Properties
CostsIncurredAcquisitionOfUnprovedOilAndGasProperties
100000
CY2014 us-gaap Costs Incurred Acquisition Of Unproved Oil And Gas Properties
CostsIncurredAcquisitionOfUnprovedOilAndGasProperties
3100000
CY2013 us-gaap Costs Incurred Acquisition Of Unproved Oil And Gas Properties
CostsIncurredAcquisitionOfUnprovedOilAndGasProperties
26300000
CY2015 us-gaap Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities
CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities
233600000
CY2014 us-gaap Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities
CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities
724400000
CY2013 us-gaap Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities
CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities
691400000
CY2015 us-gaap Accretion Of Discount
AccretionOfDiscount
150600000
CY2014 us-gaap Accretion Of Discount
AccretionOfDiscount
180600000
CY2013 us-gaap Accretion Of Discount
AccretionOfDiscount
202200000
CY2015 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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600800000
CY2014 us-gaap Increase Decrease In Future Income Tax Expense Estimates On Future Cash Flows Related To Proved Oil And Gas Reserves
IncreaseDecreaseInFutureIncomeTaxExpenseEstimatesOnFutureCashFlowsRelatedToProvedOilAndGasReserves
-11400000
CY2013 us-gaap Increase Decrease In Future Income Tax Expense Estimates On Future Cash Flows Related To Proved Oil And Gas Reserves
IncreaseDecreaseInFutureIncomeTaxExpenseEstimatesOnFutureCashFlowsRelatedToProvedOilAndGasReserves
56600000
CY2015 us-gaap Increase Due To Purchases Of Minerals In Place
IncreaseDueToPurchasesOfMineralsInPlace
6000000
CY2015 wti Asset Retirement Obligation Period Increase Decrease Due To Acquisitions Incurred And Revisions
AssetRetirementObligationPeriodIncreaseDecreaseDueToAcquisitionsIncurredAndRevisions
-400000
CY2014 wti Asset Retirement Obligation Period Increase Decrease Due To Acquisitions Incurred And Revisions
AssetRetirementObligationPeriodIncreaseDecreaseDueToAcquisitionsIncurredAndRevisions
88000000
CY2013 wti Asset Retirement Obligation Period Increase Decrease Due To Acquisitions Incurred And Revisions
AssetRetirementObligationPeriodIncreaseDecreaseDueToAcquisitionsIncurredAndRevisions
50600000
CY2015Q4 wti Seismic Costs
SeismicCosts
3200000
CY2014Q4 wti Seismic Costs
SeismicCosts
9000000
CY2013Q4 wti Seismic Costs
SeismicCosts
8900000
CY2014 us-gaap Sales And Transfers Of Oil And Gas Produced Net Of Production Costs
SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts
650900000
CY2014 us-gaap Increase Due To Purchases Of Minerals In Place
IncreaseDueToPurchasesOfMineralsInPlace
86700000
CY2015Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Ten Percent Annual Discount For Estimated Timing Of Cash Flows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesTenPercentAnnualDiscountForEstimatedTimingOfCashFlows
209500000
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
985400000
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
1129400000
CY2015Q4 us-gaap Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
613900000
CY2014Q4 us-gaap Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
1702800000
CY2013Q4 us-gaap Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
1674600000
CY2015Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Income Tax Expense
FutureNetCashFlowsRelatingToProvedOilAndGasReservesIncomeTaxExpense
0
CY2012Q4 us-gaap Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
1846400000
CY2015 us-gaap Sales And Transfers Of Oil And Gas Produced Net Of Production Costs
SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts
289100000
CY2015 wti Geological And Geophysical Costs
GeologicalAndGeophysicalCosts
5700000
CY2014 wti Geological And Geophysical Costs
GeologicalAndGeophysicalCosts
7300000
CY2013 wti Geological And Geophysical Costs
GeologicalAndGeophysicalCosts
5900000
CY2015 wti Depreciation Depletion Amortization And Accretion Per Boe
DepreciationDepletionAmortizationAndAccretionPerBoe
23.11
CY2014 wti Depreciation Depletion Amortization And Accretion Per Boe
DepreciationDepletionAmortizationAndAccretionPerBoe
28.98
CY2013 wti Depreciation Depletion Amortization And Accretion Per Boe
DepreciationDepletionAmortizationAndAccretionPerBoe
25.10
CY2015 wti Percentage Of Non Operated Proved Developed Non Producing Reserves
PercentageOfNonOperatedProvedDevelopedNonProducingReserves
0.27
CY2015 wti Percentage Of Non Operated Proved Undeveloped Reserves
PercentageOfNonOperatedProvedUndevelopedReserves
0.12
CY2015Q4 us-gaap Proved Undeveloped Reserve Boe1
ProvedUndevelopedReserveBOE1
1.2
CY2015 wti Percentage Of Proved Undeveloped Reserves Expected To Be Developed
PercentageOfProvedUndevelopedReservesExpectedToBeDeveloped
0.16
CY2014 wti Wells Expected To Be Drilled Year
WellsExpectedToBeDrilledYear
2020
CY2015Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Cash Inflows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesCashInflows
2296700000
CY2014Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Cash Inflows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesCashInflows
7258500000
CY2013Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Cash Inflows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesCashInflows
7376700000
CY2015Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Production Costs
FutureNetCashFlowsRelatingToProvedOilAndGasReservesProductionCosts
840100000
CY2014Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Production Costs
FutureNetCashFlowsRelatingToProvedOilAndGasReservesProductionCosts
2224500000
CY2013Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Production Costs
FutureNetCashFlowsRelatingToProvedOilAndGasReservesProductionCosts
2142800000
CY2015Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Development Costs
FutureNetCashFlowsRelatingToProvedOilAndGasReservesDevelopmentCosts
161400000
CY2014Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Development Costs
FutureNetCashFlowsRelatingToProvedOilAndGasReservesDevelopmentCosts
922000000
CY2013Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Development Costs
FutureNetCashFlowsRelatingToProvedOilAndGasReservesDevelopmentCosts
1001400000
CY2015Q4 wti Future Net Cash Flows Relating To Proved Oil And Gas Reserves Future Dismantlement And Abandonment Cost
FutureNetCashFlowsRelatingToProvedOilAndGasReservesFutureDismantlementAndAbandonmentCost
471800000
CY2014Q4 wti Future Net Cash Flows Relating To Proved Oil And Gas Reserves Future Dismantlement And Abandonment Cost
FutureNetCashFlowsRelatingToProvedOilAndGasReservesFutureDismantlementAndAbandonmentCost
475400000
CY2014Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Income Tax Expense
FutureNetCashFlowsRelatingToProvedOilAndGasReservesIncomeTaxExpense
948400000
CY2013Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Income Tax Expense
FutureNetCashFlowsRelatingToProvedOilAndGasReservesIncomeTaxExpense
986900000
CY2015Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Net Cash Flows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesNetCashFlows
823400000
CY2014Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Net Cash Flows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesNetCashFlows
2688200000
CY2013Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Net Cash Flows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesNetCashFlows
2804000000
CY2013 us-gaap Sales And Transfers Of Oil And Gas Produced Net Of Production Costs
SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts
686100000
CY2015 us-gaap Net Increase Decrease In Sales And Transfer Prices And Production Costs
NetIncreaseDecreaseInSalesAndTransferPricesAndProductionCosts
-1455600000
CY2015 us-gaap Extensions Discoveries Additions And Improved Recovery Less Related Costs
ExtensionsDiscoveriesAdditionsAndImprovedRecoveryLessRelatedCosts
65300000
CY2014 us-gaap Extensions Discoveries Additions And Improved Recovery Less Related Costs
ExtensionsDiscoveriesAdditionsAndImprovedRecoveryLessRelatedCosts
309600000
CY2013 us-gaap Extensions Discoveries Additions And Improved Recovery Less Related Costs
ExtensionsDiscoveriesAdditionsAndImprovedRecoveryLessRelatedCosts
393800000
CY2015 us-gaap Increase Decrease In Estimated Future Development Costs
IncreaseDecreaseInEstimatedFutureDevelopmentCosts
-8500000
CY2014 us-gaap Increase Decrease In Estimated Future Development Costs
IncreaseDecreaseInEstimatedFutureDevelopmentCosts
-56400000
CY2013 us-gaap Increase Decrease In Estimated Future Development Costs
IncreaseDecreaseInEstimatedFutureDevelopmentCosts
-91100000
CY2015 us-gaap Previously Estimated Development Costs Incurred
PreviouslyEstimatedDevelopmentCostsIncurred
158900000
CY2014 us-gaap Previously Estimated Development Costs Incurred
PreviouslyEstimatedDevelopmentCostsIncurred
263100000
CY2013 us-gaap Previously Estimated Development Costs Incurred
PreviouslyEstimatedDevelopmentCostsIncurred
262100000
CY2015 us-gaap Revisions Of Previous Quantity Estimates
RevisionsOfPreviousQuantityEstimates
137900000
CY2014 us-gaap Revisions Of Previous Quantity Estimates
RevisionsOfPreviousQuantityEstimates
118600000
CY2013 us-gaap Revisions Of Previous Quantity Estimates
RevisionsOfPreviousQuantityEstimates
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CY2013 us-gaap Increase Due To Purchases Of Minerals In Place
IncreaseDueToPurchasesOfMineralsInPlace
79600000
CY2015 us-gaap Decrease Due To Sales Of Minerals In Place
DecreaseDueToSalesOfMineralsInPlace
401400000
CY2013 us-gaap Decrease Due To Sales Of Minerals In Place
DecreaseDueToSalesOfMineralsInPlace
53100000
CY2015 us-gaap Standardized Measure Of Discounted Future Net Cash Flow Of Proved Oil And Gas Reserves Other
StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesOther
-53800000
CY2014 us-gaap Standardized Measure Of Discounted Future Net Cash Flow Of Proved Oil And Gas Reserves Other
StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesOther
66900000
CY2013 us-gaap Standardized Measure Of Discounted Future Net Cash Flow Of Proved Oil And Gas Reserves Other
StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesOther
-179000000
CY2015 us-gaap Standardized Measure Of Discounted Future Net Cash Flow Of Proved Oil And Gas Reserves Period Increase Decrease
StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesPeriodIncreaseDecrease
-1088900000
CY2014 us-gaap Standardized Measure Of Discounted Future Net Cash Flow Of Proved Oil And Gas Reserves Period Increase Decrease
StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesPeriodIncreaseDecrease
28200000
CY2013 us-gaap Standardized Measure Of Discounted Future Net Cash Flow Of Proved Oil And Gas Reserves Period Increase Decrease
StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesPeriodIncreaseDecrease
-171800000

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