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Consolidated statements of operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 9 Months Ended
Sep. 30, 2017
Mar. 21, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenues - commodity sales $ 75,947     $ 157,803  
Costs and expenses:          
Lease operating 24,209     51,527  
Transportation and processing 2,942     6,370  
Production taxes 4,536     8,235  
Depreciation, depletion and amortization 32,167     66,432  
Loss on impairment of oil and gas assets       0  
Loss on impairment of other assets 0     0  
General and administrative 9,924     24,641  
Liability management       0  
Cost reduction initiatives 34     155  
Total costs and expenses 73,812     157,360  
Operating income (loss) 2,135     443  
Non-operating (expense) income:          
Interest expense (5,283)     (10,984)  
Derivative (losses) gains (15,448)     (4,089)  
Write-off of Senior Note issuance costs, discount and premium       0  
Other income (expense), net 376     (180)  
Net non-operating (expense) income (20,355)     (15,253)  
Reorganization items, net (858)     (2,548)  
(Loss) income before income taxes (19,078)     (17,358)  
Income tax expense (benefit) 37     75  
Net (loss) income $ (19,115)     $ (17,433)  
Earnings per share:          
Basic for Class A and Class B $ (0.42)     $ (0.39)  
Diluted for Class A and Class B $ (0.42)     $ (0.39)  
Weighted average shares used to compute earnings per share:          
Basic for Class A and Class B 44,982,142     44,982,142  
Diluted for Class A and Class B 44,982,142     44,982,142  
Predecessor          
Revenues - commodity sales   $ 66,531 $ 65,847   $ 180,076
Costs and expenses:          
Lease operating   19,941 22,291   68,462
Transportation and processing   2,034 2,429   6,493
Production taxes   2,417 2,174   6,812
Depreciation, depletion and amortization   24,915 29,624   94,396
Loss on impairment of oil and gas assets   0     281,079
Loss on impairment of other assets   0 202   1,461
General and administrative   6,843 1,519   14,812
Liability management   0     9,396
Cost reduction initiatives   629 89   3,228
Total costs and expenses   56,779 58,328   486,139
Operating income (loss)   9,752 7,519   (306,063)
Non-operating (expense) income:          
Interest expense   (5,862) (7,436)   (57,243)
Derivative (losses) gains   48,006     (9,468)
Write-off of Senior Note issuance costs, discount and premium   0     (16,970)
Other income (expense), net   1,373 (129)   217
Net non-operating (expense) income   43,517 (7,565)   (83,464)
Reorganization items, net   988,727 (5,504)   (10,859)
(Loss) income before income taxes   1,041,996 (5,550)   (400,386)
Income tax expense (benefit)   37 (59)   165
Net (loss) income   $ 1,041,959 $ (5,491)   $ (400,551)
Earnings per share:          
Basic for Class A and Class B   $ 0 $ 0   $ 0
Diluted for Class A and Class B   $ 0 $ 0   $ 0
Weighted average shares used to compute earnings per share:          
Basic for Class A and Class B   0 0   0
Diluted for Class A and Class B   0 0   0