XML 16 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) (in thousands, except per share amounts) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Operating revenues and other income:        
Oil, gas, and NGL production revenue $ 284,939 $ 291,142 $ 618,137 $ 502,965
Net gain (loss) on divestiture activity (167,133) 50,046 (129,670) (18,975)
Other operating revenues 2,915 626 4,992 900
Total operating revenues and other income 120,721 341,814 493,459 484,890
Operating expenses:        
Oil, gas, and NGL production expense 124,376 148,591 262,422 293,134
Depletion, depreciation, amortization, and asset retirement obligation liability accretion 153,232 211,020 291,044 425,227
Exploration 13,072 13,187 25,050 28,460
Impairment of proved properties 3,806 0 3,806 269,785
Abandonment and impairment of unproved properties 157 38 157 2,349
General and administrative 28,460 28,200 57,684 60,438
Net derivative (gain) loss (55,189) 163,351 (169,963) 149,123
Other operating expenses 445 7,976 5,304 13,648
Total operating expenses 268,359 572,363 475,504 1,242,164
Income (loss) from operations (147,638) (230,549) 17,955 (757,274)
Non-operating income (expense):        
Interest expense (44,595) (34,035) (91,548) (65,123)
Gain (loss) on extinguishment of debt 0 0 (35) 15,722
Other, net 1,265 5 1,600 11
Loss before income taxes (190,968) (264,579) (72,028) (806,664)
Income tax benefit 71,061 95,898 26,555 290,773
Net loss $ (119,907) $ (168,681) $ (45,473) $ (515,891)
Basic weighted-average common shares outstanding 111,277 68,102 111,274 68,090
Diluted weighted-average common shares outstanding 111,277 68,102 111,274 68,090
Basic net loss per common share $ (1.08) $ (2.48) $ (0.41) $ (7.58)
Diluted net loss per common share (1.08) (2.48) (0.41) (7.58)
Dividends per common share $ 0.00 $ 0.00 $ 0.05 $ 0.05