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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenues      
Oil, natural gas liquids and natural gas sales $ 987,438 $ 621,366 $ 763,261
Gain (loss) on derivative instruments, net (26,393) (88,477) 115,293
Total revenues 961,045 532,889 878,554
Operating Costs and Expenses      
Oil, natural gas liquids and natural gas production 183,697 171,714 228,380
Production and ad valorem taxes 59,447 42,938 57,380
Depreciation, depletion and amortization 483,376 447,961 593,789
Asset impairment 1,671 220,652 1,292,308
Exploration 10,075 5,415 14,878
General and administrative (including stock-based compensation of $15,402, $19,641 and $12,910 for the years ended December 31, 2017, 2016 and 2015, respectively) 84,823 95,689 149,132
Accretion of discount on asset retirement obligations 5,831 6,672 7,108
Gain on sale of assets and other, net (13,011) (246,922) (26,570)
Total operating costs and expenses 815,909 744,119 2,316,405
Operating Income (Loss) 145,136 (211,230) (1,437,851)
Other Income (Expense)      
Interest expense (38,366) (36,899) (43,108)
Other income 617 978 223
Total other expense (37,749) (35,921) (42,885)
Income (Loss) Before Income Taxes 107,387 (247,151) (1,480,736)
Income tax benefit (199,441) (79,638) (535,005)
Net Income (Loss) $ 306,828 $ (167,513) $ (945,731)
Diluted Earnings Per Average Common Share (in dollars per share) $ 3.14 $ (1.77) $ (12.43)
Basic Earnings Per Average Common Share (in dollars per share) $ 3.16 $ (1.77) $ (12.43)
Diluted Average Common Shares Outstanding (in shares) 97,707,408 94,475,797 76,078,371
Basic Average Common Shares Outstanding (in shares) 97,182,477 94,475,797 76,078,371