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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended 9 Months Ended
Sep. 30, 2017
Jun. 30, 2017
Sep. 30, 2016
Jun. 30, 2017
Sep. 30, 2017
Sep. 30, 2016
Operating revenues            
Oil and gas sales $ 43,636   $ 32,582   $ 132,427 $ 86,060
Other revenues 566   771   1,634 2,295
Total operating revenues 44,202   33,353   134,061 88,355
Operating costs and expenses            
Lease operating 9,458   7,865   27,689 24,027
Production and ad valorem taxes 2,757   1,733   4,641 5,061
Exploration 1,969   998   11,638 1,237
Depletion, depreciation and amortization 46,353   36,550   127,343 116,449
Impairment of oil and gas properties   $ 148,016   $ 148,016 148,016  
Accretion of ARO liability 253   323   720 913
General and administrative 7,819   6,448   24,493 22,078
Total operating expenses 68,609 221,191 53,917 275,931 344,540 169,765
Operating income (loss) (24,407) (172,565) (20,564) (186,072) (210,479) (81,410)
Other income (expense)            
Interest expense (12,817)   (12,792)   (38,381) (40,397)
Gain on debt extinguishment           99,530
Net gain (loss) on commodity derivatives (32,539)   4,014   11,308 (18,769)
Other income (expense) (13,692) 27,501 364 28,081 14,389 251
Other income (expense), net (59,048) 36,351 (8,414) 46,364 (12,684) 40,615
Income (loss) before income tax (83,455) (136,214) (28,978) (139,708) (223,163) (40,795)
Income tax provision (benefit) (492) (2,236) (6,549) (2,215) (2,707) (8,234)
Net income (loss) (82,963) (133,978) (22,429) (137,493) (220,456) (32,561)
Net income (loss) attributable to non-controlling interests (18,157) (51,762) (12,576) (53,890) (72,047) (18,374)
Net income (loss) attributable to controlling interests (64,806) (82,216) (9,853) (83,603) (148,409) (14,187)
Dividends and accretion on preferred stock (1,966)   (765)   (5,959) (765)
Net income (loss) attributable to common shareholders $ (66,772) $ (84,182) $ (10,618) $ (87,596) $ (154,368) $ (14,952)
Earnings (loss) per share:            
Basic - Net income (loss) attributable to common shareholders (in dollars per share) [1] $ (0.91) $ (1.28) $ (0.24) $ (1.37) $ (2.30) $ (0.40)
Diluted - Net income (loss) attributable to common shareholders (in dollars per share) [1] $ (0.91) $ (1.28) $ (0.24) $ (1.37) $ (2.30) $ (0.40)
Weighted average Class A shares outstanding:            
Basic (in shares) [1] 73,089 65,681 44,993 63,948 67,029 37,299
Diluted (in shares) [1] 73,089 65,681 44,993 63,948 67,029 37,299
[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 12, “Stockholders’ and Mezzanine equity”, distributed on March 31, 2017.