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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
4 Months Ended 8 Months Ended 12 Months Ended
Dec. 31, 2016
Sep. 12, 2016
Dec. 31, 2015
Dec. 31, 2014
Revenues        
Crude oil $ 33,157 $ 81,377 $ 220,596 $ 420,286
Natural gas liquids 2,707 6,064 16,905 34,552
Natural gas 2,790 6,208 25,479 58,044
Gain (loss) on sales of assets, net (49) 1,261 41,335 120,769
Other, net 398 (600) 983 3,122
Total revenues 39,003 94,310 305,298 636,773
Operating expenses        
Lease operating 5,331 15,626 42,428 48,298
Gathering, processing and transportation 3,043 13,235 23,815 18,294
Production and ad valorem taxes 2,498 3,490 16,282 27,990
General and administrative 5,088 38,945 43,328 49,005
Exploration 0 10,288 12,583 17,063
Depreciation, depletion and amortization 11,652 33,582 334,479 300,299
Impairments 0 0 1,397,424 791,809
Total operating expenses 27,612 115,166 1,870,339 1,252,758
Operating income (loss) 11,391 (20,856) (1,565,041) (615,985)
Other income (expense)        
Interest expense (879) (58,018) (90,951) (88,831)
Derivatives (16,622) (8,333) 71,247 162,212
Other, net 814 (3,184) (3,587) 1,334
Reorganization Items 0 1,144,993 0 0
Income (loss) before income taxes (5,296) 1,054,602 (1,588,332) (541,270)
Income tax benefit 0 0 5,371 131,678
Net income (loss) (5,296) 1,054,602 (1,582,961) (409,592)
Preferred stock dividends 0 (5,972) [1] (22,789) [1] (17,148) [1]
Induced conversion of preferred stock 0 0 0 (4,256)
Net loss attributable to common shareholders $ (5,296) $ 1,048,630 $ (1,605,750) $ (430,996)
Net income (loss) per share:        
Basic (in dollars per share) $ (0.35) $ 11.91 $ (21.81) $ (6.26)
Diluted (in dollars per share) $ (0.35) $ 8.50 $ (21.81) $ (6.26)
Weighted average shares outstanding – basic 14,992 88,013 73,639 68,887
Weighted average shares outstanding – diluted 14,992 124,087 73,639 68,887
[1] Preferred stock dividends were excluded from diluted earnings per share for the years ended December 31, 2015 and 2014, respectively, as the assumed conversion of the outstanding preferred stock would have been anti-dilutive.