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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues and other income        
Oil, natural gas, and related product sales $ 250,880 $ 246,668 $ 517,058 $ 434,471
CO2 sales and transportation fees 6,555 6,622 11,943 12,894
Interest income and other income 3,749 1,858 7,637 2,627
Total revenues and other income 261,184 255,148 536,638 449,992
Expenses        
Lease operating expenses 111,318 100,019 225,158 202,466
Marketing and plant operating expenses 13,877 12,999 27,942 26,193
CO2 discovery and operating expenses 513 1,071 1,106 1,678
Taxes other than income 20,175 19,504 42,615 39,596
General and administrative expenses 25,789 22,545 54,030 56,446
Interest, net of amounts capitalized of $8,147, $6,289, $12,801 and $12,069, respectively 24,061 36,058 51,239 78,229
Depletion, depreciation, and amortization 51,152 66,541 102,347 143,907
Commodity derivatives expense (income) (10,373) 98,209 (34,975) 121,035
Gain on debt extinguishment 0 (12,278) 0 (107,269)
Write-down of oil and natural gas properties 0 479,400 0 735,400
Other expenses 0 34,688 0 36,232
Total expenses 236,512 858,756 469,462 1,333,913
Income (loss) before income taxes 24,672 (603,608) 67,176 (883,921)
Income tax provision (benefit) 10,273 (222,940) 31,247 (318,060)
Net income (loss) $ 14,399 $ (380,668) $ 35,929 $ (565,861)
Net income (loss) per common share        
Basic $ 0.04 $ (1.03) $ 0.09 $ (1.58)
Diluted $ 0.04 $ (1.03) $ 0.09 $ (1.58)
Weighted average common shares outstanding        
Basic 389,904 370,566 389,652 358,901
Diluted 391,827 370,566 392,414 358,901