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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues        
Crude oil $ 32,019 $ 70,672 $ 57,985 $ 129,840
Natural gas liquids (NGLs) 2,431 5,191 4,384 10,587
Natural gas 1,917 7,260 4,319 15,831
Gain (loss) on sales of property and equipment, net 910 66 757 (25)
Other, net (125) 427 204 1,910
Total revenues 37,152 83,616 67,649 158,143
Operating expenses        
Lease operating 5,225 10,907 11,417 22,476
Gathering, processing and transportation 4,650 6,383 8,468 13,881
Production and ad valorem taxes 2,163 4,967 2,916 9,656
General and administrative 9,662 11,479 26,764 23,449
Exploration 4,320 4,362 5,647 10,249
Depreciation, depletion and amortization 11,746 85,416 25,558 176,206
Asset Impairment Charges 0 1,084 0 1,084
Total operating expenses 37,766 124,598 80,770 257,001
Operating loss (614) (40,982) (13,121) (98,858)
Other income (expense)        
Interest expense (32,221) (23,023) (56,655) (45,036)
Reorganization Items (7,380) 0 (7,380) 0
Derivatives (21,759) (15,495) (17,267) 7,372
Other (6) (540) (1,030) (542)
Reorganization items, net (61,980) (80,040) (95,453) (137,064)
Income tax expense 0 (89) 0 (230)
Net loss (61,980) (80,129) (95,453) (137,294)
Preferred stock dividends [1] (2,820) (6,067) (5,972) (12,134)
Net loss attributable to common shareholders $ (64,800) $ (86,196) $ (101,425) $ (149,428)
Net loss per share:        
Basic (in dollars per share) $ (0.73) $ (1.19) $ (1.16) $ (2.07)
Diluted (in dollars per share) $ (0.73) $ (1.19) $ (1.16) $ (2.07)
Weighted average shares outstanding – basic 89,051 72,398 87,496 72,330
Weighted average shares outstanding – diluted 89,051 72,398 87,496 72,330
[1] Preferred stock dividends were excluded from the computation of diluted earnings (loss) per share for the three and six months ended June 30, 2016 and 2015, as the assumed conversion of the outstanding preferred stock would have been anti-dilutive.