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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (UNAUDITED) - USD ($)
shares in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Operating net revenues:    
Oil and gas sales $ 52,559,000 $ 44,174,000
Operating expenses:    
Lease operating expense 9,925,000 13,298,000
Gas plant and midstream operating expense 2,705,000 3,789,000
Severance and ad valorem taxes 4,319,000 3,154,000
Exploration 3,407,000 266,000
Depreciation, depletion and amortization 21,212,000 26,379,000
Impairment of oil and gas properties 0 10,000,000
Abandonment and impairment of unproved properties 0 6,906,000
Unused commitments 993,000 0
General and administrative (including $1,725 and $3,004, respectively, of stock-based compensation) 12,094,000 17,685,000
Total operating expenses 54,655,000 81,477,000
Loss from operations (2,096,000) (37,303,000)
Other income (expense):    
Derivative loss 0 (1,007,000)
Interest expense (4,568,000) (14,547,000)
Reorganization items, net (note 3) (89,003,000) 0
Gain on termination fee (note 2) 0 6,000,000
Other income (loss) 1,391,000 (380,000)
Total other expense (92,180,000) (9,934,000)
Loss from operations before taxes (94,276,000) (47,237,000)
Income tax benefit (expense) 0 0
Net loss (94,276,000) (47,237,000)
Comprehensive loss $ (94,276,000) $ (47,237,000)
Basic net loss per common share    
Basic net loss per common share (in dollars per share) $ (1.91) $ (0.96)
Diluted net loss per common share    
Diluted net loss per common share (in dollars per share) $ (1.91) $ (0.96)
Basic weighted-average common shares outstanding (in shares) 49,452 49,131
Diluted weighted-average common shares outstanding (in shares) 49,452 49,131