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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues        
(Loss) gain on derivative contracts $ (36,704) $ 131 $ (100,920) $ 2,385
Total revenues 83,448 39,751 210,769 101,020
Operating Expenses        
Production expenses 14,737 4,336 30,111 10,450
Gathering, transportation and processing 0 4,890 0 11,360
Production taxes 6,210 847 10,892 2,057
Exploration expenses 11,646 4,229 30,129 4,475
Depreciation, depletion, amortization and accretion 37,164 10,824 83,630 22,176
General and administrative 13,177 4,489 40,283 22,062
Gain on sale of oil and natural gas properties 0 (838) 0 (838)
Total operating expenses 82,934 28,777 195,045 71,742
Total operating income 514 10,974 15,724 29,278
Interest Expense (2,092) (264) (4,978) (441)
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest (1,578) 10,710 10,746 28,837
Other income (expense)        
Income tax expense 299,662 0 299,662 0
Net (loss) income $ (301,240) $ 10,710 $ (288,916) [1] $ 28,837
Earnings (loss) per share        
Basic (usd per share) $ (1.97) $ 0.11 $ (1.90) $ 0.35
Diluted (usd per share) $ (1.97) $ 0.11 $ (1.90) $ 0.35
Weighted average number of shares outstanding        
Basic (shares) 152,540 99,859 152,129 83,578
Diluted (shares) 152,540 99,859 152,129 83,578
Oil sales        
Revenues        
Revenues $ 74,987 $ 16,701 $ 197,356 $ 45,702
Natural gas sales        
Revenues        
Revenues 10,442 11,818 31,900 29,857
Natural gas sales | Affiliates        
Revenues        
Revenues 7,617 1,027 17,056 1,027
Natural gas liquid sales        
Revenues        
Revenues 12,983 9,224 38,127 21,199
Natural gas liquid sales | Affiliates        
Revenues        
Revenues $ 14,123 $ 850 $ 27,250 $ 850
[1] Amounts are allocated to stockholders' equity and members' equity to reflect the Reorganization. See Note 10 – Equity for discussion of the Reorganization.