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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
1 Months Ended 2 Months Ended 3 Months Ended 5 Months Ended 6 Months Ended
Jun. 30, 2018
May 31, 2018
Jun. 30, 2019
May 31, 2018
Jun. 30, 2019
Revenues:          
Total revenues $ 21,720   $ 30,587   $ 74,433
Operating costs and expenses:          
Lease operating expenses 9,375   21,754   44,954
Cost of purchased natural gas 129   315   714
Dry hole and exploration costs 43       39
Production taxes 970   1,450   3,643
Accretion expense on obligations 789   2,168   4,378
Depreciation, depletion and amortization 2,730   4,373   9,345
General and administrative expenses 2,029   6,653   13,023
Impairment of oil and natural gas properties     73,151   99,279
(Gain) loss on sales of oil and natural gas properties (19)   (5)   (18)
Total operating costs and expenses 16,046   109,859   175,357
Operating income (loss) 5,674   (79,272)   (100,924)
Other income (expense), net:          
Gain (loss) on derivatives, net (4,232)   16,430   (344)
Interest expense (1,199)   (1,315)   (2,834)
Gain on equity securities         4,593
Other income (expense), net 27   2,965   2,827
Total other income (expense), net (5,404)   18,080   4,242
Reorganization items, net (808)        
Loss before income taxes (538)   (61,192)   (96,682)
Income tax benefit (expense)     285    
Net loss $ (538)   $ (60,907)   $ (96,682)
Basic and diluted earnings per share / unit:          
Net loss $ (0.05)   $ (6.05)   $ (9.62)
Weighted average common shares / units outstanding:          
Basic, share/unit 10,000   10,064   10,053
Diluted, share/unit 10,000   10,064   10,053
Oil, natural gas and natural gas liquids revenues          
Revenues:          
Total revenues $ 21,535   $ 30,129   $ 73,415
Transportation and marketing-related revenues          
Revenues:          
Total revenues $ 185   $ 458   $ 1,018
Predecessor          
Revenues:          
Total revenues   $ 43,089   $ 111,031  
Operating costs and expenses:          
Lease operating expenses   17,828   45,372  
Cost of purchased natural gas   242   557  
Dry hole and exploration costs   40   122  
Production taxes   1,818   5,343  
Accretion expense on obligations   1,279   3,176  
Depreciation, depletion and amortization   19,194   46,196  
General and administrative expenses   7,923   15,648  
Restructuring costs       5,211  
Impairment of oil and natural gas properties       3  
(Gain) loss on sales of oil and natural gas properties   7   5  
Total operating costs and expenses   48,331   121,633  
Operating income (loss)   (5,242)   (10,602)  
Other income (expense), net:          
Gain (loss) on derivatives, net   45   444  
Interest expense   (3,176)   (13,652)  
Other income (expense), net   474   776  
Total other income (expense), net   (2,657)   (12,432)  
Reorganization items, net   (587,325)   (587,325)  
Loss before income taxes   (595,224)   (610,359)  
Income tax benefit (expense)   148   (166)  
Net loss   $ (595,076)   $ (610,525)  
Basic and diluted earnings per share / unit:          
Net loss   $ (11.81)   $ (12.12)  
Weighted average common shares / units outstanding:          
Basic, share/unit   49,369   49,369  
Diluted, share/unit   49,369   49,369  
Predecessor | Oil, natural gas and natural gas liquids revenues          
Revenues:          
Total revenues   $ 42,749   $ 110,307  
Predecessor | Transportation and marketing-related revenues          
Revenues:          
Total revenues   $ 340   $ 724