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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Operating revenues        
Oil and gas sales $ 32,582 $ 46,499 $ 86,060 $ 156,955
Other revenues 771 653 2,295 2,210
Total operating revenues 33,353 47,152 88,355 159,165
Operating costs and expenses        
Lease operating 7,865 8,872 24,027 32,930
Production and ad valorem taxes 1,733 2,513 5,061 9,292
Exploration 998 5,556 1,237 6,184
Depletion, depreciation and amortization 36,550 52,766 116,449 156,151
Accretion of ARO liability 323 210 913 610
General and administrative 6,448 9,628 22,078 27,572
Other operating       4,188
Total operating expenses 53,917 79,545 169,765 236,927
Operating income (loss) (20,564) (32,393) (81,410) (77,762)
Other income (expense)        
Interest expense (12,792) (16,722) (40,397) (47,553)
Gain on debt extinguishment     99,530  
Net gain (loss) on commodity derivatives 4,014 90,483 (18,769) 111,714
Other income (expense) 364 (7) 251 (1,631)
Other income (expense), net (8,414) 73,754 40,615 62,530
Income (loss) before income tax (28,978) 41,361 (40,795) (15,232)
Income tax provision (benefit) (6,549) 6,519 (8,234) (4,590)
Net income (loss) (22,429) 34,842 (32,561) (10,642)
Net income (loss) attributable to non-controlling interests (12,576) 21,604 (18,374) (7,625)
Net income (loss) attributable to controlling interests (9,853) 13,238 (14,187) (3,017)
Dividends and accretion on preferred stock (765)   (765)  
Net income (loss) attributable to common shareholders $ (10,618) $ 13,238 $ (14,952) $ (3,017)
Earnings (loss) per share:        
Basic - Net income (loss) attributable to common shareholders $ (0.26) $ 0.44 $ (0.44) $ (0.12)
Diluted - Net income (loss) attributable to common shareholders $ (0.26) $ 0.44 $ (0.44) $ (0.12)
Weighted average shares outstanding:        
Basic (in shares) 41,375 30,432 34,300 25,591
Diluted (in shares) 41,375 30,432 34,300 25,591