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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ 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, 2017
Sep. 12, 2016
Sep. 30, 2017
Other income (expense)          
Income tax benefit (expense)     $ 0   $ 0
Net income (loss)         43,463
Successor [Member]          
Revenues          
Crude oil $ 5,508   29,963   92,387
Natural gas liquids 333   2,393   6,738
Natural gas 475   1,977   6,200
Gain on sales of assets, net 0   9   (60)
Other, net 33   117   462
Total revenues 6,349   34,459   105,727
Operating expenses          
Lease operating 756   5,254   15,540
Gathering, processing and transportation 576   2,399   7,505
Production and ad valorem taxes 375   1,668   5,766
General and administrative 1,476   6,952   14,800
Exploration 0   0   0
Depreciation, depletion and amortization 2,029   10,659   31,545
Total operating expenses 5,212   26,932   75,156
Operating income (loss) 1,137   7,527   30,571
Other income (expense)          
Interest expense (218)   (1,202)   (3,014)
Derivatives (4,369)   (12,275)   15,802
Other, net 9   3   104
Reorganization items, net 0   0   0
Income (loss) before income taxes (3,441)   (5,947)   43,463
Income tax benefit (expense) 0        
Net income (loss) (3,441)   (5,947)   43,463
Preferred stock dividends 0   0   0
Net income (loss) attributable to common shareholders $ (3,441)   $ (5,947)   $ 43,463
Net income (loss) per share:          
Basic (in dollars per share) $ (0.23)   $ (0.40)   $ 2.90
Diluted (in dollars per share) $ (0.23)   $ (0.40)   $ 2.89
Weighted average shares outstanding – basic (in shares) 14,992   14,994   14,993
Weighted average shares outstanding – diluted (in shares) 14,992   14,994   15,062
Predecessor [Member]          
Revenues          
Crude oil   $ 23,392   $ 81,377  
Natural gas liquids   1,680   6,064  
Natural gas   1,889   6,208  
Gain on sales of assets, net   504   1,261  
Other, net   (804)   (600)  
Total revenues   26,661   94,310  
Operating expenses          
Lease operating   4,209   15,626  
Gathering, processing and transportation   4,767   13,235  
Production and ad valorem taxes   574   3,490  
General and administrative   6,895   38,945  
Exploration   4,641   10,288  
Depreciation, depletion and amortization   8,024   33,582  
Total operating expenses   29,110   115,166  
Operating income (loss)   (2,449)   (20,856)  
Other income (expense)          
Interest expense   (1,363)   (58,018)  
Derivatives   8,934   (8,333)  
Other, net   (2,154)   (3,184)  
Reorganization items, net   1,152,373   1,144,993  
Income (loss) before income taxes   1,155,341   1,054,602  
Income tax benefit (expense)   0   0  
Net income (loss)   1,155,341   1,054,602  
Preferred stock dividends   0   (5,972) [1]  
Net income (loss) attributable to common shareholders   $ 1,155,341   $ 1,048,630  
Net income (loss) per share:          
Basic (in dollars per share)   $ 12.94   $ 11.91  
Diluted (in dollars per share)   $ 10.37   $ 8.50  
Weighted average shares outstanding – basic (in shares)   89,292   88,013  
Weighted average shares outstanding – diluted (in shares)   111,458   124,087  
[1] 1 Dividends attributable to our Series A 6% Convertible Perpetual Preferred Stock and Series B 6% Convertible Perpetual Preferred Stock (together, the “Series A and B Preferred Stock”) were excluded from the computation of diluted loss per share for the period from January 1, 2016 through September 12, 2016, as their assumed conversion would have been anti-dilutive.