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Revenue from Contracts with Customers (Tables)
 9 Months Ended
Sep. 30, 2018
Revenue from Contract with Customer [Abstract]  
Schedule of New Accounting Pronouncements and Changes in Accounting Principles
The following table shows the impact of the adoption of ASC 606 on the Company’s current period results as compared to the previous revenue recognition standard, ASC Topic 605, Revenue Recognition (“ASC 605”):

 
Three Months Ended September 30, 2018
 
Nine Months Ended September 30, 2018
 
Under ASC 606
Under ASC 605
Increase/ (decrease)
 
Under ASC 606
Under ASC 605
Increase/ (decrease)
 
(in thousands)
Revenues
 
 
 
 
 
 
     Oil sales
$
74,987

$
75,062

$
(75
)
 
$
197,356

$
197,431

$
(75
)
     Natural gas sales
$
18,059

$
21,739

$
(3,680
)
 
$
48,956

$
60,919

$
(11,963
)
     Natural gas liquid sales
$
27,106

$
35,195

$
(8,089
)
 
$
65,377

$
83,735

$
(18,358
)
 
 
 
 
 
 
 
Operating expenses
 
 
 
 
 
 
 Gathering, transportation and processing
$
—

$
11,844

$
(11,844
)
 
$
—

$
30,396

$
(30,396
)
 
 
 
 
 
 
 
Net loss
$
(301,240
)
$
(301,240
)
$
—

 
$
(288,916
)
$
(288,916
)
$
—