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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
REVENUES        
Oil and natural gas sales $ 61,928 $ 35,702 $ 173,526 $ 87,445
Brokered natural gas and marketing 9,244   15,913  
Total revenues 71,172 35,702 189,439 87,445
OPERATING EXPENSES        
Lease operating 3,212 2,077 10,147 6,511
Transportation, gathering and compression 22,811 6,857 57,896 10,710
Production and ad valorem taxes 3,175 2,132 8,353 3,187
Brokered natural gas and marketing 9,262   20,057  
Depreciation, depletion and amortization 67,172 29,983 170,245 51,967
Exploration 3,244 3,057 22,940 16,897
General and administrative 13,710 11,897 38,370 28,720
Rig termination 174   7,597  
Impairment of proved oil and gas properties   4,605   4,605
Accretion of asset retirement obligations 412 198 1,197 575
(Gain) loss on sale of assets 290   (5,183) (1,585)
Gain on reduction of pension obligations       (2,208)
Total operating expenses 123,462 60,806 331,619 120,964
OPERATING LOSS (52,290) (25,104) (142,180) (33,519)
OTHER INCOME (EXPENSE)        
Gain on derivative instruments 23,679 5,572 31,527 1,098
Interest expense, net (11,774) (10,066) (40,196) (35,320)
Loss on early extinguishment of debt (59,392)   (59,392)  
Other income     400 1,585
Total other expense, net (47,487) (4,494) (67,661) (32,637)
LOSS BEFORE INCOME TAXES (99,777) (29,598) (209,841) (66,156)
INCOME TAX BENEFIT (EXPENSE) 18,309 10,544 52,300 (83,997)
NET LOSS $ (81,468) $ (19,054) $ (157,541) $ (150,153)
NET LOSS PER COMMON SHARE        
Basic and diluted $ (0.37) $ (0.12) $ (0.73) $ (1.08)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING        
Basic and diluted 222,537 160,000 216,332 139,102