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Condensed Consolidated Statements of Operations - Unaudited - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues        
Oil and natural gas revenues $ 69,336 $ 87,848 $ 113,262 $ 150,314
Realized gain on derivatives 2,465 13,780 9,528 32,285
Unrealized loss on derivatives (26,625) (23,532) (33,464) (32,090)
Total revenues 45,176 78,096 89,326 150,509
Expenses        
Production taxes and marketing 10,556 10,258 18,459 17,308
Lease operating 13,174 14,950 28,664 27,996
Depletion, depreciation and amortization 31,248 51,768 60,170 98,239
Accretion of asset retirement obligations 289 132 552 244
Full-cost ceiling impairment 78,171 229,026 158,633 296,153
General and administrative 13,197 12,961 26,360 26,372
Total expenses 146,635 319,095 292,838 466,312
Operating loss (101,459) (240,999) (203,512) (315,803)
Other income (expense)        
Net gain (loss) on asset sales and inventory impairment 1,002 0 2,067 (97)
Interest expense (6,167) (5,869) (13,365) (7,939)
Interest and other income 877 502 1,396 886
Total other expense (4,288) (5,367) (9,902) (7,150)
Loss before income taxes (105,747) (246,366) (213,414) (322,953)
Income tax provision (benefit)        
Deferred 0 (89,350)   (115,740)
Total income tax benefit   (89,350)   (115,740)
Net loss (105,747) (157,016) (213,414) (207,213)
Net income attributable to non-controlling interest in subsidiaries (106) (75) (93) (111)
Net loss attributable to Matador Resources Company shareholders $ (105,853) $ (157,091) $ (213,507) $ (207,324)
Earnings (loss) per common share        
Basic (in dollars per share) $ (1.15) $ (1.89) $ (2.40) $ (2.65)
Diluted (in dollars per share) $ (1.15) $ (1.89) $ (2.40) $ (2.65)
Weighted average common shares outstanding        
Basic (shares) 92,346 82,938 88,826 78,379
Diluted (shares) 92,346 82,938 88,826 78,379