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Consolidated Statement of Operations - USD ($)
shares in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2016
Sep. 30, 2016
Jun. 30, 2016
Mar. 31, 2016
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Revenues                      
Oil and gas revenues                 $ 635,505,000 $ 721,672,000 $ 1,304,004,000
Midstream revenues                 35,406,000 23,769,000 11,614,000
Well services revenues                 33,754,000 44,294,000 74,610,000
Total revenues $ 217,991,000 $ 177,311,000 $ 179,080,000 $ 130,283,000 $ 182,067,000 $ 197,235,000 $ 230,046,000 $ 180,387,000 704,665,000 789,735,000 1,390,228,000
Operating expenses                      
Lease operating expenses                 135,444,000 144,481,000 169,600,000
Midstream operating expenses                 9,003,000 6,198,000 4,647,000
Well services operating expenses                 17,009,000 21,833,000 45,605,000
Marketing, transportation and gathering expenses                 40,366,000 31,610,000 29,133,000
Production taxes                 56,565,000 69,584,000 127,648,000
Depreciation, depletion and amortization                 476,331,000 485,322,000 412,334,000
Exploration expenses                 1,785,000 2,369,000 3,064,000
Rig termination                 0 3,895,000 0
Impairment                 4,684,000 46,109,000 47,238,000
General and administrative expenses                 93,008,000 92,498,000 92,306,000
Total operating expenses                 834,195,000 903,899,000 931,575,000
Gain (loss) on sale of properties                 (1,303,000) 0 186,999,000
Operating income (loss) (1,702,000) (25,702,000) (28,214,000) (75,215,000) (53,166,000) (19,926,000) (7,437,000) (33,635,000) (130,833,000) (114,164,000) 645,652,000
Other income (expense)                      
Net gain (loss) on derivative instruments                 (105,317,000) 210,376,000 327,011,000
Interest expense, net of capitalized interest                 (140,305,000) (149,648,000) (158,390,000)
Gain on extinguishment of debt                 4,741,000 0 0
Other income (expense)                 160,000 (2,935,000) 195,000
Total other income (expense)                 (240,721,000) 57,793,000 168,816,000
Income (loss) before income taxes                 (371,554,000) (56,371,000) 814,468,000
Income tax benefit                 128,538,000 16,123,000 (307,591,000)
Net income (loss) $ (54,688,000) $ (33,942,000) $ (89,931,000) $ (64,455,000) $ 3,968,000 $ 27,055,000 $ (53,230,000) $ (18,041,000) $ (243,016,000) $ (40,248,000) $ 506,877,000
Earnings (loss) per share:                      
Basic (in dollars per share) $ (0.25) $ (0.19) $ (0.51) $ (0.40) $ 0.03 $ 0.20 $ (0.39) $ (0.17) $ (1.32) $ (0.31) $ 5.09
Diluted (in dollars per share) $ (0.25) $ (0.19) $ (0.51) $ (0.40) $ 0.03 $ 0.20 $ (0.39) $ (0.17) $ (1.32) $ (0.31) $ 5.05
Weighted average shares outstanding:                      
Basic (in shares)                 183,615 130,186 99,677
Diluted (in shares)                 183,615 130,186 100,365