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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, 2017
Dec. 31, 2015
Other income (expense)        
Income tax benefit     $ (4,900)  
Successor [Member]        
Revenues        
Crude oil $ 33,157   140,886  
Natural gas liquids 2,707   10,066  
Natural gas 2,790   8,517  
Gain (loss) on sales of assets, net (49)   (36)  
Other, net 398   621  
Total revenues 39,003   160,054  
Operating expenses        
Lease operating 5,331   21,784  
Gathering, processing and transportation 3,043   10,734  
Production and ad valorem taxes 2,498   8,814  
General and administrative 5,088   18,262  
Exploration 0   0  
Depreciation, depletion and amortization 11,652   48,649  
Impairments 0   0  
Total operating expenses 27,612   108,243  
Operating income (loss) 11,391   51,811  
Other income (expense)        
Interest expense, net of amounts capitalized (879)   (6,392)  
Derivatives (16,622)   (17,819)  
Other, net 814   119  
Reorganization Items 0   0  
Income (loss) before income taxes (5,296)   27,719  
Income tax benefit 0   4,943  
Net income (loss) (5,296)   32,662  
Preferred stock dividends 0   0  
Net loss attributable to common shareholders $ (5,296)   $ 32,662  
Net income (loss) per share:        
Basic (in dollars per share) $ (0.35)   $ 2.18  
Diluted (in dollars per share) $ (0.35)   $ 2.17  
Weighted average shares outstanding – basic 14,992   14,996  
Weighted average shares outstanding – diluted 14,992   15,063  
Predecessor [Member]        
Revenues        
Crude oil   $ 81,377   $ 220,596
Natural gas liquids   6,064   16,905
Natural gas   6,208   25,479
Gain (loss) on sales of assets, net   1,261   41,335
Other, net   (600)   983
Total revenues   94,310   305,298
Operating expenses        
Lease operating   15,626   42,428
Gathering, processing and transportation   13,235   23,815
Production and ad valorem taxes   3,490   16,282
General and administrative   38,945   43,328
Exploration   10,288   12,583
Depreciation, depletion and amortization   33,582   334,479
Impairments   0   1,397,424
Total operating expenses   115,166   1,870,339
Operating income (loss)   (20,856)   (1,565,041)
Other income (expense)        
Interest expense, net of amounts capitalized   (58,018)   (90,951)
Derivatives   (8,333)   71,247
Other, net   (3,184)   (3,587)
Reorganization Items   1,144,993   0
Income (loss) before income taxes   1,054,602   (1,588,332)
Income tax benefit   0   5,371
Net income (loss)   1,054,602   (1,582,961)
Preferred stock dividends   (5,972) [1]   (22,789)
Net loss attributable to common shareholders   $ 1,048,630   $ (1,605,750)
Net income (loss) per share:        
Basic (in dollars per share)   $ 11.91   $ (21.81)
Diluted (in dollars per share)   $ 8.50   $ (21.81)
Weighted average shares outstanding – basic   88,013   73,639
Weighted average shares outstanding – diluted   124,087   73,639
[1] Preferred stock dividends were excluded from diluted earnings per share for the year ended December 31, 2015, as the assumed conversion of the outstanding preferred stock would have been anti-dilutive.