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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands
1 Months Ended 2 Months Ended 3 Months Ended 8 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 12, 2016
Sep. 30, 2015
Sep. 12, 2016
Sep. 30, 2015
Revenues          
Crude oil $ 5,508,000 $ 23,392,000 $ 51,124,000 $ 81,377,000 $ 180,964,000
Natural gas liquids 333,000 1,680,000 3,254,000 6,064,000 13,841,000
Natural gas 475,000 1,889,000 6,312,000 6,208,000 22,143,000
Gain (loss) on sales of property and equipment, net 0 504,000 50,828,000 1,261,000 50,803,000
Other, net 33,000 (804,000) 466,000 (600,000) 2,376,000
Total revenues 6,349,000 26,661,000 111,984,000 94,310,000 270,127,000
Operating expenses          
Lease operating 756,000 4,209,000 11,304,000 15,626,000 33,780,000
Gathering, processing and transportation 576,000 4,767,000 5,654,000 13,235,000 19,535,000
Production and ad valorem taxes 375,000 574,000 3,483,000 3,490,000 13,139,000
General and administrative 1,476,000 12,181,000 9,416,000 38,945,000 32,865,000
Exploration 0 4,641,000 1,673,000 10,288,000 11,922,000
Depreciation, depletion and amortization 2,029,000 8,024,000 76,850,000 33,582,000 253,056,000
Asset Impairment Charges 0     0 1,084,000
Total operating expenses 5,212,000 34,396,000 108,380,000 115,166,000 365,381,000
Operating income (loss) 1,137,000 (7,735,000) 3,604,000 (20,856,000) (95,254,000)
Other income (expense)          
Interest expense (218,000.00) (1,363,000) (22,985,000) (58,018,000) (68,021,000)
Reorganization Items 0 1,152,373,000 0 1,144,993,000 0
Derivatives (4,369,000) 8,934,000 44,701,000 (8,333,000) 52,073,000
Other 9,000 (2,154,000) (44,000) (3,184,000) (586,000)
Reorganization items, net (3,441,000) 1,150,055,000 25,276,000 1,054,602,000 (111,788,000)
Income tax benefit 0   624,000 0 394,000
Net income (loss) (3,441,000) 1,150,055,000 25,900,000 1,054,602,000 (111,394,000)
Preferred stock dividends 0 0 (5,935,000) (5,972,000) [1] (18,069,000) [1]
Net income (loss) attributable to common shareholders $ (3,441,000) $ 1,150,055,000 $ 19,965,000 $ 1,048,630,000 $ (129,463,000)
Net income (loss) per share:          
Basic (in dollars per share) $ (0.23) $ 12.88 $ 0.27 $ 11.91 $ (1.79)
Diluted (in dollars per share) $ (0.23) $ 10.32 $ 0.25 $ 8.50 $ (1.79)
Weighted average shares outstanding – basic 14,992 89,292 72,651 88,013 72,438
Weighted average shares outstanding – diluted 14,992 111,458 103,452 124,087 72,438
[1] Preferred stock dividends were excluded from the computation of diluted earnings (loss) per share for the period January 1, 2016 through September 12, 2016 and the nine months ended September 30, 2015, as the assumed conversion of the outstanding preferred stock would have been anti-dilutive.