XML 19 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statement of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenues:        
Natural gas sales $ 182,949 $ 170,996 $ 551,797 $ 425,878
Oil sales 32,334 28,257 94,415 79,352
Other revenues 2,348   5,035  
Total operating revenues 217,631 199,253 651,247 505,230
Expenses:        
Lease operating expenses 23,140 19,934 69,365 67,164
Facility lease expense 5,254 5,171 15,706 15,514
Production taxes 22,482 20,688 66,369 49,394
Gathering fees 22,182 21,159 63,753 65,112
Transportation charges   49   23,750
Depletion, depreciation and amortization 41,089 31,192 111,516 93,274
General and administrative 8,247 1,595 34,308 7,196
Total operating expenses 122,394 99,788 361,017 321,404
Operating income 95,237 99,465 290,230 183,826
Other income (expense), net:        
Interest expense (210,107)   (324,979) (66,565)
Gain on commodity derivatives 4,650   12,149  
Deferred gain on sale of liquids gathering system 2,638 2,638 7,915 7,915
Restructuring expenses   (28)   (7,176)
Contract settlement expense     (52,707)  
Other income (expense), net 92 (514) (28) (2,436)
Total other (expense) income, net (202,727) 2,096 (357,650) (68,262)
Reorganization items, net (227,123) (3,109) 142,147 (25,292)
Income (loss) before income tax provision (benefit) (334,613) 98,452 74,727 90,272
Income tax (benefit) provision (6,886) 45 (6,884) (305)
Net income (loss) $ (327,727) $ 98,407 $ 81,611 $ 90,577
Basic earnings (loss) per share:        
Net income (loss) per common share - basic $ (1.67) $ 1.23 $ 0.53 $ 1.13
Fully diluted earnings (loss) per share:        
Net income (loss) per common share - fully diluted $ (1.67) $ 1.22 $ 0.53 $ 1.13
Weighted average common shares outstanding - basic 196,331 80,003 152,864 79,991
Weighted average common shares outstanding - fully diluted 196,331 80,384 153,068 80,361