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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenues    
Oil, natural gas liquids and natural gas sales $ 357,866 $ 176,375
Gain (loss) on derivative instruments, net (1,695) 64,546
Total revenues 356,171 240,921
Operating Costs and Expenses    
Oil, natural gas liquids and natural gas production 52,635 41,288
Production and ad valorem taxes 22,568 12,820
Depreciation, depletion and amortization 124,210 99,652
Asset impairment 177 1,460
Exploration 1,398 3,636
General and administrative (including stock-based compensation of $4,145 and $3,197 for the three months ended March 31, 2018 and 2017, respectively) 22,257 20,516
Accretion of discount on asset retirement obligations 1,533 1,414
Gain on sale of assets and other, net (33,723) (1,175)
Total operating costs and expenses 191,055 179,611
Operating Income 165,116 61,310
Other Income (Expense)    
Interest expense (10,248) (9,023)
Other income 227 557
Total other expense (10,021) (8,466)
Income Before Income Taxes 155,095 52,844
Income tax expense 36,180 19,441
Net Income $ 118,915 $ 33,403
Diluted Earnings Per Average Common Share (in dollars per share) $ 1.22 $ 0.34
Basic Earnings Per Average Common Share (in dollars per share) $ 1.22 $ 0.34
Diluted Average Common Shares Outstanding (in shares) 97,818 97,607
Basic Average Common Shares Outstanding (in shares) 97,321 97,140