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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Operating revenues        
Oil and gas sales $ 48,114 $ 28,398 $ 88,791 $ 53,478
Other revenues 512 746 1,068 1,524
Total operating revenues 48,626 29,144 89,859 55,002
Operating costs and expenses        
Lease operating 9,425 7,545 18,231 16,162
Production and ad valorem taxes 2,790 1,727 1,884 3,328
Exploration 6,725 77 9,669 239
Depletion, depreciation and amortization 45,336 38,137 80,990 79,899
Impairment of oil and gas properties 161,886   161,886  
Accretion of ARO liability 266 297 467 590
General and administrative 8,633 8,126 16,674 15,630
Total operating expenses 235,061 55,909 289,801 115,848
Operating income (loss) (186,435) (26,765) (199,942) (60,846)
Other income (expense)        
Interest expense (12,677) (12,807) (25,564) (27,605)
Gain on debt extinguishment   8,878   99,530
Net gain (loss) on commodity derivatives 21,527 (40,002) 43,847 (22,783)
Other income (expense) 29,834 (338) 30,414 (113)
Other income (expense), net 38,684 (44,269) 48,697 49,029
Income (loss) before income tax (147,751) (71,034) (151,245) (11,817)
Income tax provision (benefit) (2,419) (12,388) (2,398) (1,685)
Net income (loss) (145,332) (58,646) (148,847) (10,132)
Net income (loss) attributable to non-controlling interests (56,093) (35,401) (58,221) (5,798)
Net income (loss) attributable to controlling interests (89,239) (23,245) (90,626) (4,334)
Dividends and accretion on preferred stock (1,966)   (3,993)  
Net income (loss) attributable to common shareholders $ (91,205) $ (23,245) $ (94,619) $ (4,334)
Earnings (loss) per share:        
Basic - Net income (loss) attributable to common shareholders (in dollars per share) [1] $ (1.39) $ (0.69) $ (1.48) $ (0.13)
Diluted - Net income (loss) attributable to common shareholders (in dollars per share) [1] $ (1.39) $ (0.69) $ (1.48) $ (0.13)
Weighted average Class A shares outstanding:        
Basic (in shares) [1] 65,681 33,598 63,948 33,410
Diluted (in shares) [1] 65,681 33,598 63,948 33,410
[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.