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Supplementary Quarterly Financial Data (Unaudited)
 12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
Supplementary Quarterly Financial Data (Unaudited)

(11) Supplementary Quarterly Financial Data (Unaudited)

 

 

 

2015

 

 

 

First

 

 

Second

 

 

Third

 

 

Fourth

 

 

Total

 

 

 

(In thousands, except per share data)

 

 

Total oil and gas sales

 

$

66,522

 

 

$

77,312

 

 

$

61,360

 

 

$

47,228

 

 

$

252,422

 

Operating loss

 

$

(96,928

)

 

$

(182,185

)

 

$

(596,026

)

 

$

(290,515

)

 

$

(1,165,654

)

Net loss

 

$

(78,502

)

 

$

(135,068

)

 

$

(544,996

)

 

$

(288,543

)

 

$

(1,047,109

)

 

Loss per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted

 

$

(8.53

)

 

$

(14.64

)

 

$

(59.05

)

 

$

(31.26

)

 

$

(113.53

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2016

 

 

 

First

 

 

Second

 

 

Third

 

 

Fourth

 

 

Total

 

 

 

(In thousands, except per share data)

 

 

Total oil and gas sales

 

$

36,163

 

 

$

40,715

 

 

$

50,330

 

 

$

48,498

 

 

$

175,706

 

Operating loss

 

$

(56,490

)

 

$

(22,706

)

 

$

(98,789

)

 

$

(5,805

)

 

$

(183,790

)

Net income (loss)

 

$

(56,577

)

 

$

4,852

 

 

$

(28,476

)

 

$

(54,933

)

 

$

(135,134

)

 

Income (loss) per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted

 

$

(5.71

)

 

$

0.42

 

 

$

(2.32

)

 

$

(4.48

)

 

$

(11.52

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted per share amounts are the same for each of the quarters and for the years ended where a net loss was reported.

 

Results of operations include the following non-routine items of income (expense), which are presented before the effect of income taxes:

 

 

 

 

 

 

2015

 

 

 

First

 

 

Second

 

 

Third

 

 

Fourth

 

 

Total

 

 

 

(In thousands)

 

 

Gain (loss) on sale of oil and gas properties

 

$

—

 

 

$

(111,830

)

 

$

52

 

 

$

(307

)

 

$

(112,085

)

Net gain (loss) on extinguishment of debt

 

$

(2,735

)

 

$

7,267

 

 

$

51,054

 

 

$

23,155

 

 

$

78,741

 

Impairments of unproved oil and gas properties

 

$

(40,432

)

 

$

(23,040

)

 

$

(5,090

)

 

$

(385

)

 

$

(68,947

)

Impairments of proved oil and gas properties

 

$

(403

)

 

$

(1,984

)

 

$

(544,714

)

 

$

(254,246

)

 

$

(801,347

)

 

 

 

 

 

 

 

 

2016

 

 

 

First

 

 

Second

 

 

Third

 

 

Fourth

 

 

Total

 

 

 

(In thousands)

 

 

Gain (loss) on sale of oil and gas properties

 

$

740

 

 

$

(1,647

)

 

$

(13,196

)

 

$

(212

)

 

$

(14,315

)

Net gain (loss) on extinguishment of debt

 

$

33,380

 

 

$

56,196

 

 

$

100,540

 

 

$

(1,064

)

 

$

189,052

 

Impairments of unproved oil and gas properties

 

$

(7,753

)

 

$

—

 

 

$

(76,391

)

 

$

—

 

 

$

(84,144

)

Impairments of proved oil and gas properties

 

$

(22,718

)

 

$

(1,742

)

 

$

(113

)

 

$

(2,561

)

 

$

(27,134

)