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Consolidated Statement of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenue    
Natural gas sales $ 188,851 $ 138,102
Oil sales 31,348 21,284
Other revenues 759 0
Oil and Gas Revenue 220,958 159,386
Operating Expenses    
Lease operating expenses 23,136 25,394
LGS operating lease expense 5,226 5,171
Production taxes 22,132 15,231
Gathering fees 20,929 22,450
Transportation charges 0 23,555
Depletion, depreciation and amoritzation 31,753 30,848
General and administrative 1,051 4,219
Total operating expenses 104,227 126,868
Operating Income (Loss) 116,731 32,518
Other income (expense), net:    
Interest expense (excludes contractual interest expense of $46.8 million for the three months ended March 31, 2017) (85,447) (49,903)
Loss on commodity derivatives (13,218) 0
Deferred gain on sale of liquids gathering system 2,638 2,638
Restructuring expenses 0 (5,579)
Contract settlement expense (52,707) 0
Other (expense) income, net (147) (1,695)
Other Nonoperating Income (Expense) (148,881) (54,539)
Reorganization items, net (57,546) 0
Income (loss) before income taxes (89,696) (22,021)
Income Tax Expense (Benefit) 2 (190)
Net Income (Loss) $ (89,698) $ (21,831)
Basic Earnings (Loss) per share:    
Net (loss) income per common share - basic $ (1.12) $ (0.27)
Fully Diluted Earnings per Share:    
Net (loss) income per common share - fully diluted $ (1.12) $ (0.27)
Weighted average common shares outstanding - basic 80,018 79,967
Weighted average common shares outstanding - fully diluted 80,018 79,967