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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
REVENUES        
Natural gas, oil and natural gas liquids sales $ 54,351 $ 61,928 $ 140,740 $ 173,526
Brokered natural gas and marketing revenue 128 9,244 10,411 15,913
Total revenues 54,479 71,172 151,151 189,439
OPERATING EXPENSES        
Lease operating 2,186 3,212 7,111 10,147
Transportation, gathering and compression 26,888 22,811 78,279 57,896
Production and ad valorem taxes 1,980 3,175 1,747 8,353
Brokered natural gas and marketing expense 42 9,262 11,604 20,057
Depreciation, depletion and amortization 28,225 67,172 64,287 170,245
Exploration 12,083 3,244 45,183 22,940
General and administrative 8,036 13,710 29,712 38,370
Rig termination and standby (112) 174 3,843 7,597
Impairment of proved oil and gas properties     17,665 0
Accretion of asset retirement obligations 100 412 275 1,197
(Gain) loss on sale of assets 102 290 (944) (5,183)
Total operating expenses 79,530 123,462 258,762 331,619
OPERATING LOSS (25,051) (52,290) (107,611) (142,180)
OTHER INCOME (EXPENSE)        
Gain (loss) on derivative instruments 10,639 23,679 (8,407) 31,527
Interest expense, net (12,393) (11,774) (38,293) (40,196)
Gain (loss) on early extinguishment of debt   (59,392) 14,489 (59,392)
Other income (expense) 4   (137) 400
Total other expense, net (1,750) (47,487) (32,348) (67,661)
LOSS BEFORE INCOME TAXES (26,801) (99,777) (139,959) (209,841)
INCOME TAX BENEFIT (EXPENSE)   18,309 (540) 52,300
NET LOSS $ (26,801) $ (81,468) $ (140,499) $ (157,541)
NET LOSS PER COMMON SHARE        
Basic and diluted $ (0.10) $ (0.37) $ (0.60) $ (0.73)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING        
Basic and diluted 258,812 222,537 234,933 216,332