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Revenue Recognition (Tables)
 9 Months Ended
Sep. 30, 2018
Revenue from Contract with Customer [Abstract]  
Adoption of ASC 606
The adoption of ASC 606 superseded the revenue recognition requirements in ASC 605, Revenue Recognition, and had the following impact on the Company’s results of operations for the three months and nine months ended September 30, 2018:

 
Three months ended September 30, 2018
(in thousands)
As reported under ASC 606
As computed under ASC 605
Increase (Decrease)
Revenues
 
 
 
Oil, natural gas liquids and natural gas sales
$
380,884

$
382,611

$
(1,727
)
Operating Costs and Expenses
 
 
 
Oil, natural gas liquids and natural gas production
$
55,078

$
56,805

$
(1,727
)
Net Loss
$
(26,572
)
$
(26,572
)
$
—


 
Nine months ended September 30, 2018
(in thousands)
As reported under ASC 606
As computed under ASC 605
Increase (Decrease)
Revenues
 
 
 
Oil, natural gas liquids and natural gas sales
$
1,110,317

$
1,114,892

$
(4,575
)
Operating Costs and Expenses
 
 
 
Oil, natural gas liquids and natural gas production
$
165,671

$
170,246

$
(4,575
)
Net Income
$
160,617

$
160,617

$
—
Disaggregation of Revenue by Major Product
The following table summarizes our revenue by major product:

 
Three months ended
Nine months ended
(in thousands)
September 30, 2018
September 30, 2018
Oil
$
316,059

$
936,136

Natural gas liquids
49,407

125,591

Natural gas
15,418

48,590

Total
$
380,884

$
1,110,317