v3.3.0.814

Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Revenue:
Oil sales	$ 73,372	$ 158,316
Natural gas sales	12,618	13,954
Gain on derivative financial instruments	2,778	21,857
Total Revenues	88,768	194,127
Costs and expenses:
Lease operating	26,153	56,300
Transportation	723	625
Depreciation, depletion and amortization	57,660	73,745
Accretion of asset retirement obligations	6,741	6,181
Impairment of oil and natural gas properties	308,078
Goodwill impairment		329,293
General and administrative expense	7,944	8,042
Taxes, other than on earnings	(935)	2,528
Other		21
Total costs and expenses	406,364	476,735
Operating Loss	(317,596)	(282,608)
Other income (expense):
Interest income	12
Interest expense	(16,984)	(10,901)
Total other expense	(16,972)	(10,901)
Loss before income taxes	(334,568)	(293,509)
Income tax expense (benefit)		12,847
Net loss	$ (334,568)	$ (306,356)

Amount of accretion expense recognized during the period that is associated with an asset retirement obligation. Accretion expense measures and incorporates changes due to the passage of time into the carrying amount of the liability.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 410

-SubTopic 20

-Section 50

-Paragraph 1

-Subparagraph (c)(3)

-URI http://asc.fasb.org/extlink&oid=6392692&loc=d3e7535-110849

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 410

-SubTopic 20

-Section 45

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6392676&loc=d3e7480-110848

EPL OIL & GAS, INC. 10-Q