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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
REVENUES      
Natural gas, oil and natural gas liquids sales $ 223,015 $ 234,601 $ 137,816
Brokered natural gas and marketing revenue 12,019 20,720  
Total revenues 235,034 255,321 137,816
OPERATING EXPENSES      
Lease operating 9,023 13,904 8,518
Transportation, gathering and compression 109,226 85,846 18,114
Production and ad valorem taxes 4,998 11,621 7,084
Brokered natural gas and marketing expense 12,268 26,173  
Depreciation, depletion and amortization 92,948 244,750 89,218
Exploration 52,775 116,211 21,186
General and administrative 39,431 46,409 42,109
Rig termination and standby 3,846 9,672 3,283
Impairment of proved oil and gas properties 17,665 691,334 34,855
Accretion of asset retirement obligations 391 1,623 791
(Gain) loss on sale of assets 6,936 (4,737) (960)
Gain on reduction of pension obligations     (2,208)
Total operating expenses 349,507 1,242,806 221,990
OPERATING LOSS (114,473) (987,485) (84,174)
OTHER INCOME (EXPENSE)      
Gain (loss) on derivative instruments (52,338) 56,021 20,791
Interest expense, net (50,789) (53,400) (48,347)
Gain (loss) on early extinguishment of debt 14,489 (59,392)  
Other income (expense) (149) 400 353
Total other expense, net (88,787) (56,371) (27,203)
LOSS BEFORE INCOME TAXES (203,260) (1,043,856) (111,377)
INCOME TAX BENEFIT (EXPENSE) (546) 72,446 (71,799)
NET LOSS $ (203,806) $ (971,410) $ (183,176)
NET LOSS PER COMMON SHARE      
Basic and diluted $ (0.84) $ (4.46) $ (1.27)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING      
Basic and diluted 241,434 217,897 144,369