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CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
2 Months Ended 3 Months Ended 4 Months Ended 6 Months Ended
Feb. 28, 2017
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Operating revenue:          
Oil production   $ 61,688   $ 81,715  
Natural gas production   6,540   8,750  
Natural gas liquids production   3,014   3,791  
Other operational income   27   176  
Derivative income, net   5,453   8,099  
Total operating revenue   76,722   102,531  
Operating expenses:          
Lease operating expenses   16,636   21,376  
Transportation, processing and gathering expenses   1,825   1,969  
Production taxes   193   258  
Depreciation, depletion and amortization   33,153   49,000  
Write-down of oil and gas properties   0   256,435  
Accretion expense   8,702   11,603  
Salaries, general and administrative expenses   (18,509)   (21,831)  
Incentive compensation expense   0   0  
Restructuring fees   322   610  
Other operational expenses   (1,928)   (2,589)  
Derivative expense, net   0   0  
Total operating expenses   81,268   365,671  
Gain on Appalachia Properties divestiture   27   27  
Loss from operations   (4,519)   (263,113)  
Other (income) expenses:          
Interest expense   3,601   4,791  
Interest income   (169)   (209)  
Other income   (312)   (443)  
Other expense   814   814  
Reorganization items, net       0  
Total other expense   3,934   4,953  
Loss before income taxes   (8,453)   (268,066)  
Provision (benefit) for income taxes:          
Current   (1,992)   (1,992)  
Deferred   0   0  
Total income taxes   (1,992)   (1,992)  
Net loss   $ (6,461)   $ (266,074)  
Basic income (loss) per share (in usd per share)   $ (0.32)   $ (13.31)  
Diluted income (loss) per share (in usd per share)   $ (0.32)   $ (13.31)  
Average shares outstanding (in shares)   19,997   19,997  
Average shares outstanding assuming dilution (in shares)   19,997   19,997  
Predecessor          
Operating revenue:          
Oil production $ 45,837   $ 72,711   $ 132,986
Natural gas production 13,476   12,553   27,726
Natural gas liquids production 8,706   3,718   8,453
Other operational income 903   337   693
Derivative income, net 0   0   0
Total operating revenue 68,922   89,319   169,858
Operating expenses:          
Lease operating expenses 8,820   18,826   38,373
Transportation, processing and gathering expenses 6,933   7,183   8,024
Production taxes 682   578   1,059
Depreciation, depletion and amortization 37,429   46,231   107,789
Write-down of oil and gas properties 0   118,649   247,853
Accretion expense 5,447   10,082   20,065
Salaries, general and administrative expenses (9,629)   (20,014)   (32,768)
Incentive compensation expense 2,008   4,670   9,649
Restructuring fees 0   9,436   10,389
Other operational expenses (530)   (27,680)   (40,207)
Derivative expense, net 1,778   626   488
Total operating expenses 73,256   263,975   516,664
Gain on Appalachia Properties divestiture 213,453   0   0
Loss from operations 209,119   (174,656)   (346,806)
Other (income) expenses:          
Interest expense 0   17,599   32,840
Interest income (45)   (302)   (416)
Other income (315)   (270)   (568)
Other expense 13,336   9   11
Reorganization items, net (437,744)       0
Total other expense (424,768)   17,036   31,867
Loss before income taxes 633,887   (191,692)   (378,673)
Provision (benefit) for income taxes:          
Current 3,570   (2,113)   (3,187)
Deferred 0   6,182   9,059
Total income taxes 3,570   4,069   5,872
Net loss $ 630,317   $ (195,761)   $ (384,545)
Basic income (loss) per share (in usd per share) $ 110.99   $ (35.05)   $ (68.94)
Diluted income (loss) per share (in usd per share) $ 110.99   $ (35.05)   $ (68.94)
Average shares outstanding (in shares) 5,634   5,585   5,578
Average shares outstanding assuming dilution (in shares) 5,634   5,585   5,578