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Consolidated statements of operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Mar. 21, 2017
Dec. 31, 2017
Dec. 31, 2018
Dec. 31, 2016
Revenues:        
Commodity sales   $ 226,493 $ 242,569  
Sublease revenue   586 4,793  
Total revenues   227,079 247,362  
Costs and expenses:        
Lease operating   72,132 54,219  
Transportation and processing   9,503 0  
Production taxes   11,750 13,150  
Depreciation, depletion and amortization   92,599 87,888  
Loss on impairment of oil and gas assets   42,146 20,065  
Loss on impairment of other assets   179 0  
General and administrative   39,617 38,793  
Liability management   0 0  
Cost reduction initiatives   691 1,034  
Other   3,728 2,036  
Total costs and expenses   272,345 217,185  
Operating income (loss)   (45,266) 30,177  
Non-operating (expense) income:        
Interest expense   (14,147) (11,383)  
Loss on extinguishment of debt   (635) 0  
Non-hedge derivative gains (losses)   (30,802) 19,297  
Write-off of Senior Note issuance costs, discount and premium   0 0  
(Loss) gain on sale of assets   (25,996) (2,582)  
Other income, net   686 248  
Net non-operating (expense) income   (70,894) 5,580  
Reorganization items, net   (3,091) (2,392)  
Income (loss) before income taxes   (119,251) 33,365  
Income tax (benefit) expense   (349) (77)  
Net income (loss)   $ (118,902) $ 33,442  
Earnings per share:        
Basic for Class A and Class B (in dollars per share)   $ (2.64) $ 0.74  
Diluted for Class A and Class B (in dollars per share)   $ (2.64) $ 0.73  
Weighted average shares used to compute earnings per share:        
Basic for Class A and Class B (in shares)   44,984,046 45,288,980  
Diluted for Class A and Class B (in shares)   44,984,046 45,730,171  
Predecessor        
Revenues:        
Commodity sales $ 66,531     $ 252,152
Sublease revenue 0     0
Total revenues 66,531     252,152
Costs and expenses:        
Lease operating 19,941     90,533
Transportation and processing 2,034     8,845
Production taxes 2,417     9,610
Depreciation, depletion and amortization 24,915     122,928
Loss on impairment of oil and gas assets 0     281,079
Loss on impairment of other assets 0     1,393
General and administrative 6,843     20,953
Liability management 0     9,396
Cost reduction initiatives 629     2,879
Other 0     0
Total costs and expenses 56,779     547,616
Operating income (loss) 9,752     (295,464)
Non-operating (expense) income:        
Interest expense (5,862)     (64,242)
Loss on extinguishment of debt 0     0
Non-hedge derivative gains (losses) 48,006     (22,837)
Write-off of Senior Note issuance costs, discount and premium 0     (16,970)
(Loss) gain on sale of assets 206     (117)
Other income, net 1,167     528
Net non-operating (expense) income 43,517     (103,638)
Reorganization items, net 988,727     (16,720)
Income (loss) before income taxes 1,041,996     (415,822)
Income tax (benefit) expense 37     (102)
Net income (loss) $ 1,041,959     $ (415,720)