NOTE 19. QUARTERLY DATA (UNAUDITED)


	Predecessor				Successor
			Two Months		One Month
	First		Ended		Ended		Third		Fourth
	Quarter		May 31, 2018		June 30, 2018		Quarter		Quarter
2018
Revenues (1)	$	67,942	$	43,089	$	21,720	$	68,966	$	47,914
Gross profit (2)		36,558		23,201		11,246		37,319		18,427
Net income (loss) (3)		(15,449)		(595,076)		(538)		(9,760)		34,267
Net income (loss) per share/unit:
Basic	$	(0.31)	$	(11.81)	$	(0.05)	$	(0.97)	$	3.41
Diluted	$	(0.31)	$	(11.81)	$	(0.05)	$	(0.97)	$	3.41


	Predecessor
	First		Second		Third		Fourth
	Quarter		Quarter		Quarter		Quarter
2017
Revenues	$	56,987	$	56,052	$	52,651	$	60,003
Gross profit (2)		29,809		26,861		23,026		32,119
Net loss (4)		(50,831)		(25,161)		(17,888)		(40,321)
Net loss per unit:
Basic	$	(1.01)	$	(0.50)	$	(0.36)	$	(0.80)
Diluted	$	(1.01)	$	(0.50)	$	(0.36)	$	(0.80)

(1)Includes a royalty adjustment of $5.0 million during the fourth quarter of 2018. Excluding this royalty adjustment, revenues would have been $52.9 million for the fourth quarter of 2018. See Note 13 for additional information.

(2)Represents total revenues less lease operating expenses, cost of purchased natural gas and production taxes.

(3)Includes significant costs associated with the reorganization. Reorganization items, net represent costs and gains directly associated with the Chapter 11 proceedings since the Petition Date, such as the gain on settlement of liabilities subject to compromise, fresh start valuation adjustments, issuance of common stock and warrants and settlement with Predecessor common unitholders. The Predecessor incurred $587.3 million of reorganization items, net during the five months ended May 31, 2018. See Note 2 and Note 3.

(4) Includes impairment charges of $93.6 million, primarily in the third and fourth quarters of 2017. Of this amount, $69.9 million related to oil and natural gas properties that were written down to their fair value as determined based on the expected present value of future net cash flows. Of the $69.9 million, $49.5 million related to oil and natural gas properties located in the Mid-Continent area and the Permian Basin, $15.3 million related to properties located in the Monroe Field, $2.2 million related to properties located in Central Texas and $2.9 million related to properties in East Texas which were sold in April 2017. The remainder of the impairment charges in 2017 consisted of $23.7 million of leasehold impairments.