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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues        
Oil, natural gas liquids and natural gas sales $ 380,884 $ 249,114 $ 1,110,317 $ 644,212
Gain (loss) on derivative instruments, net (154,628) (57,610) (188,242) 45,037
Total revenues 226,256 191,504 922,075 689,249
Operating Costs and Expenses        
Oil, natural gas liquids and natural gas production 55,078 44,549 165,671 129,746
Production and ad valorem taxes 25,204 15,326 72,505 41,364
Depreciation, depletion and amortization 134,177 131,756 392,398 352,957
Asset impairment 178 100 428 1,589
Exploration 963 625 3,420 6,259
General and administrative (including stock-based compensation of $5,076 and $4,713 for the three months ended September 30, 2018 and 2017, respectively, and $13,839 and $11,101 for the nine months ended September 30, 2018 and 2017, respectively) 29,566 21,590 73,756 62,014
Accretion of discount on asset retirement obligations 1,604 1,473 4,704 4,330
Gain on sale of assets and other, net (191) (5,977) (34,027) (6,980)
Total operating costs and expenses 246,579 209,442 678,855 591,279
Operating Income (Loss) (20,323) (17,938) 243,220 97,970
Other Income (Expense)        
Interest expense (11,550) (9,985) (32,601) (28,210)
Other income 1 231 693 1,006
Total other expense (11,549) (9,754) (31,908) (27,204)
Income (Loss) Before Income Taxes (31,872) (27,692) 211,312 70,766
Income tax expense (benefit) (5,300) (9,206) 50,695 26,368
Net Income (Loss) $ (26,572) $ (18,486) $ 160,617 $ 44,398
Diluted Earnings Per Average Common Share (in dollars per share) $ (0.27) $ (0.19) $ 1.64 $ 0.45
Basic Earnings Per Average Common Share (in dollars per share) $ (0.27) $ (0.19) $ 1.65 $ 0.46
Diluted Average Common Shares Outstanding (in shares) 97,485 97,198 98,013 97,678
Basic Average Common Shares Outstanding (in shares) 97,485 97,198 97,413 97,176