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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, 2016
Dec. 31, 2015
Revenues:        
Commodity sales   $ 226,493    
Sublease revenue   586    
Total revenues   227,079    
Costs and expenses:        
Lease operating   72,132    
Transportation and processing   9,503    
Production taxes   11,750    
Depreciation, depletion and amortization   92,599    
Loss on impairment of oil and gas assets   42,146    
Loss on impairment of other assets   179    
General and administrative   39,617    
Liability management   0    
Cost reduction initiatives   691    
Restructuring   3,531    
Sublease expense   197    
Total costs and expenses   272,345    
Operating (loss) income   (45,266)    
Non-operating (expense) income:        
Interest expense   (14,147)    
(Loss) gain on extinguishment of debt   (635)    
Non-hedge derivative (losses) gains   (30,802)    
Write-off of Senior Note issuance costs, discount and premium   0    
(Loss) gain on sale of assets   (25,996)    
Other income (expense), net   686    
Net non-operating (expense) income   (70,894)    
Reorganization items, net   (3,091)    
(Loss) income before income taxes   (119,251)    
Income tax (benefit) expense   (349)    
Net (loss) income   $ (118,902)    
Earnings per share:        
Basic for Class A and Class B   $ (2.64)    
Diluted for Class A and Class B   $ (2.64)    
Weighted average shares used to compute earnings per share:        
Basic for Class A and Class B   44,984,046    
Diluted for Class A and Class B   44,984,046    
Predecessor        
Revenues:        
Commodity sales $ 66,531   $ 252,152 $ 324,315
Sublease revenue 0   0 0
Total revenues 66,531   252,152 324,315
Costs and expenses:        
Lease operating 19,941   90,533 110,659
Transportation and processing 2,034   8,845 8,541
Production taxes 2,417   9,610 9,953
Depreciation, depletion and amortization 24,915   122,928 216,574
Loss on impairment of oil and gas assets 0   281,079 1,491,129
Loss on impairment of other assets 0   1,393 16,207
General and administrative 6,843   20,953 39,089
Liability management 0   9,396 0
Cost reduction initiatives 629   2,879 10,028
Restructuring 0   0 0
Total costs and expenses 56,779   547,616 1,902,180
Operating (loss) income 9,752 [1]   (295,464) (1,577,865)
Non-operating (expense) income:        
Interest expense (5,862)   (64,242) (112,400)
(Loss) gain on extinguishment of debt 0   0 31,590
Non-hedge derivative (losses) gains 48,006   (22,837) 145,288
Write-off of Senior Note issuance costs, discount and premium 0   (16,970) 0
(Loss) gain on sale of assets 206   (117) 1,584
Other income (expense), net 1,167   528 740
Net non-operating (expense) income 43,517   (103,638) 66,802
Reorganization items, net 988,727   (16,720) 0
(Loss) income before income taxes 1,041,996   (415,822) (1,511,063)
Income tax (benefit) expense 37   (102) (177,219)
Net (loss) income $ 1,041,959 [2],[3]   $ (415,720) $ (1,333,844)
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
[1] Includes loss on impairment of oil and natural gas properties of $42,146 for the fourth quarter.
[2] Includes a loss from the sale of our EOR assets of $25,163 for the fourth quarter. See “Note 6—Acquisitions and divestitures” for additional information.
[3] Includes reorganization items income (expense) related to the Company’s restructuring under Chapter 11 filings of $988,727, $(620), $(1,070), $(858), and $(543) for the Predecessor first quarter, Successor first, second, third, and fourth quarters, respectively. See “Note 4—Fresh start accounting” for additional information.