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Consolidated Statement of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues:        
Total operating revenues $ 190,138 $ 212,657 $ 415,511 $ 433,616
Expenses:        
Lease operating expenses 23,645 23,089 45,409 46,225
Facility lease expense 6,526 5,226 12,682 10,452
Production taxes 18,883 21,754 42,153 43,887
Gathering fees 24,181 20,642 47,238 41,571
Depletion, depreciation and amortization 51,742 38,673 102,282 70,427
General and administrative 2,063 25,009 14,752 26,061
Total operating expenses 127,040 134,393 264,516 238,623
Operating income 63,098 78,264 150,995 194,993
Other income (expense), net:        
Interest expense (37,715) (29,425) (73,552) (114,872)
(Loss) gain on commodity derivatives (47,271) 20,717 (53,803) 7,499
Deferred gain on sale of liquids gathering system 2,638 2,638 5,276 5,276
Contract settlement expense       (52,707)
Other income (expense), net (1,296) 27 (1,541) (119)
Total other (expense) income, net (83,644) (6,043) (123,620) (154,923)
Reorganization items, net   426,816   369,270
(Loss) income before income tax provision (20,546) 499,037 27,375 409,340
Income tax provision 9   442 2
Net (loss) income $ (20,555) $ 499,037 $ 26,933 $ 409,338
Basic (loss) earnings per share:        
Net (loss) income per common share - basic $ (0.10) $ 2.76 $ 0.14 $ 3.13
Fully diluted (loss) earnings per share:        
Net (loss) income per common share - fully diluted $ (0.10) $ 2.76 $ 0.14 $ 3.12
Weighted average common shares outstanding - basic 197,054 180,964 196,803 130,770
Weighted average common shares outstanding - fully diluted 197,054 181,033 196,803 131,078
Natural Gas Sales        
Revenues:        
Total operating revenues $ 141,255 $ 179,997 $ 322,716 $ 368,848
Oil Sales        
Revenues:        
Total operating revenues 43,167 30,732 84,451 62,081
Other Revenues        
Revenues:        
Total operating revenues $ 5,716 $ 1,928 $ 8,344 $ 2,687