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CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
2 Months Ended 3 Months Ended 7 Months Ended 9 Months Ended
Feb. 28, 2017
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Operating revenue:          
Oil production   $ 61,841   $ 143,556  
Natural gas production   5,451   14,201  
Natural gas liquids production   2,473   6,264  
Other operational income   9,760   9,936  
Derivative income, net       1,414  
Total operating revenue   79,525   175,371  
Operating expenses:          
Lease operating expenses   11,778   33,154  
Transportation, processing and gathering expenses   1,076   3,045  
Production taxes   188   446  
Depreciation, depletion and amortization   27,553   76,553  
Write-down of oil and gas properties   0   256,435  
Accretion expense   8,095   19,698  
Salaries, general and administrative expenses   15,887   37,718  
Incentive compensation expense   4,646   4,646  
Restructuring fees   129   739  
Other operational expenses   703   3,292  
Derivative expense, net   6,685   0  
Total operating expenses   76,740   435,726  
Gain (loss) on Appalachia Properties divestiture   (132)   (105)  
Income (loss) from operations   2,653   (260,460)  
Other (income) expense:          
Interest expense   3,529   8,320  
Interest income   (366)   (575)  
Other income   (276)   (719)  
Other expense   47   861  
Reorganization items, net       0  
Total other expense   2,934   7,887  
Loss before income taxes   (281)   (268,347)  
Provision (benefit) for income taxes:          
Current   (1,578)   (3,570)  
Deferred   0   0  
Total income taxes   (1,578)   (3,570)  
Net income (loss)   $ 1,297   $ (264,777)  
Basic income (loss) per share (in usd per share)   $ 0.06   $ (13.24)  
Diluted income (loss) per share (in usd per share)   $ 0.06   $ (13.24)  
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   $ 71,116   $ 204,102
Natural gas production 13,476   15,601   43,327
Natural gas liquids production 8,706   6,666   15,119
Other operational income 903   1,044   1,737
Derivative income, net 0       0
Total operating revenue 68,922   94,427   264,285
Operating expenses:          
Lease operating expenses 8,820   16,976   55,349
Transportation, processing and gathering expenses 6,933   10,633   18,657
Production taxes 682   835   1,894
Depreciation, depletion and amortization 37,429   58,918   166,707
Write-down of oil and gas properties 0   36,484   284,337
Accretion expense 5,447   10,082   30,147
Salaries, general and administrative expenses 9,629   15,425   48,193
Incentive compensation expense 2,008   2,160   11,809
Restructuring fees 0   5,784   16,173
Other operational expenses 530   9,059   49,266
Derivative expense, net 1,778   199   687
Total operating expenses 73,256   166,555   683,219
Gain (loss) on Appalachia Properties divestiture 213,453   0   0
Income (loss) from operations 209,119   (72,128)   (418,934)
Other (income) expense:          
Interest expense 0   16,924   49,764
Interest income (45)   (58)   (474)
Other income (315)   (272)   (840)
Other expense 13,336   16   27
Reorganization items, net (437,744)       0
Total other expense (424,768)   16,610   48,477
Loss before income taxes 633,887   (88,738)   (467,411)
Provision (benefit) for income taxes:          
Current 3,570   (991)   (4,178)
Deferred 0   1,888   10,947
Total income taxes 3,570   897   6,769
Net income (loss) $ 630,317   $ (89,635)   $ (474,180)
Basic income (loss) per share (in usd per share) $ 110.99   $ (16.01)   $ (84.90)
Diluted income (loss) per share (in usd per share) $ 110.99   $ (16.01)   $ (84.90)
Average shares outstanding (in shares) 5,634   5,600   5,585
Average shares outstanding assuming dilution (in shares) 5,634   5,600   5,585