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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Operating revenues    
Oil and gas sales $ 40,677 $ 25,080
Other revenues 556 778
Total operating revenues 41,233 25,858
Operating costs and expenses    
Lease operating 8,806 8,617
Production and ad valorem taxes (906) 1,601
Exploration 2,944 162
Depletion, depreciation and amortization 35,654 41,762
Impairment of oil and gas properties 0 0
Accretion of ARO liability 201 293
General and administrative 8,041 7,504
Total operating expenses 54,740 59,939
Operating income (loss) (13,507) (34,081)
Other income (expense)    
Interest expense (12,887) (14,798)
Gain on debt extinguishment   90,652
Net gain (loss) on commodity derivatives 22,320 17,219
Other income (expense) 580 225
Other income (expense), net 10,013 93,298
Income (loss) before income tax (3,494) 59,217
Income tax provision (benefit)    
Total income tax provision (benefit) 21 10,703
Net income (loss) (3,515) 48,514
Net income (loss) attributable to non-controlling interests (2,128) 29,603
Net income (loss) attributable to controlling interests (1,387) 18,911
Dividends and accretion on preferred stock (2,027)  
Net income (loss) attributable to common shareholders $ (3,414) $ 18,911
Earnings (loss) per share:    
Basic - Net income (loss) attributable to common shareholders [1] $ (0.05) $ 0.57
Diluted - Net income (loss) attributable to common shareholders [1] $ (0.05) $ 0.57
Weighted average Class A shares outstanding:    
Basic (in shares) [1] 62,197,000 33,222,000
Diluted (in shares) [1] 62,197,000 33,222,000
Class A common stock    
Weighted average Class A shares outstanding:    
Special stock dividend declared per share (in shares) 0.087423  
[1] All share and earnings per share information presented has been recast to retrospectively adjust for the effects of the 0.087423 per share Special Stock Dividend, as defined in Note 11, “Stockholders’ and Mezzanine equity”, distributed on March 31, 2017.