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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
REVENUES      
Natural gas, oil and natural gas liquids sales $ 380,178 $ 223,015 $ 234,601
Brokered natural gas and marketing revenue 3,481 12,019 20,720
Total revenues 383,659 235,034 255,321
OPERATING EXPENSES      
Lease operating 20,525 9,023 13,904
Transportation, gathering and compression 124,839 109,226 85,846
Production and ad valorem taxes 8,490 7,927 3,722
Brokered natural gas and marketing expense 3,191 12,268 26,173
Depreciation, depletion and amortization 118,818 92,948 244,750
Exploration 50,208 52,775 116,211
General and administrative 44,553 39,431 46,409
Rig termination and standby 1 3,846 9,672
Impairment of proved oil and gas properties   17,665 691,334
Accretion of asset retirement obligations 544 391 1,623
(Gain) loss on sale of assets (179) 6,936 (4,737)
Total operating expenses 370,990 352,436 1,234,907
OPERATING INCOME (LOSS) 12,669 (117,402) (979,586)
OTHER INCOME (EXPENSE)      
Gain (loss) on derivative instruments 45,365 (52,338) 56,021
Interest expense, net (49,490) (50,789) (53,400)
Gain (loss) on early extinguishment of debt   14,489 (59,392)
Other income (expense) (19) (149) 400
Total other income (expense), net (4,144) (88,787) (56,371)
INCOME (LOSS) BEFORE INCOME TAXES 8,525 (206,189) (1,035,957)
INCOME TAX BENEFIT (EXPENSE)   (546) 74,166
NET INCOME (LOSS) $ 8,525 $ (206,735) $ (961,791)
NET INCOME (LOSS) PER COMMON SHARE      
Basic $ 0.03 $ (0.86) $ (4.41)
Diluted $ 0.03 $ (0.86) $ (4.41)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING      
Basic 262,181 241,434 217,897
Diluted 265,182 241,434 217,897