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Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
REVENUES        
Natural gas, oil and natural gas liquids sales $ 103,622 $ 86,191 $ 213,814 $ 188,053
Brokered natural gas and marketing revenue 365 (3) 373 2,428
Total revenues 103,622 86,191 213,814 188,053
OPERATING EXPENSES        
Lease operating 7,324 4,568 16,714 6,911
Production and ad valorem taxes 2,178 2,033 4,623 3,964
Brokered natural gas and marketing expense 430 6 477 2,466
Depreciation, depletion and amortization 32,760 25,152 63,916 51,341
Exploration 9,620 8,997 24,898 20,577
General and administrative 10,697 10,730 20,454 20,862
Accretion of asset retirement obligations 162 128 317 252
(Gain) loss on sale of assets (1,553) 6 (1,820) 1
Total operating expenses 92,989 80,589 188,639 168,220
OPERATING INCOME (LOSS) 10,633 5,602 25,175 19,833
OTHER INCOME (EXPENSE)        
Gain (loss) on derivative instruments (16,577) 18,177 (20,792) 43,274
Interest expense, net (13,092) (12,285) (26,043) (24,747)
Other income (expense)       (19)
Total other income (expense), net (29,669) 5,892 (46,835) 18,508
INCOME (LOSS) BEFORE INCOME TAXES (19,036) 11,494 (21,660) 38,341
NET INCOME (LOSS) $ (19,036) $ 11,494 $ (21,660) $ 38,341
NET INCOME (LOSS) PER COMMON SHARE        
Basic $ (0.06) $ 0.04 $ (0.07) $ 0.15
Diluted $ (0.06) $ 0.04 $ (0.07) $ 0.15
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING        
Basic 301,936 262,423 297,717 261,768
Diluted 301,936 264,420 297,717 264,321
Oil and Gas [Member]        
REVENUES        
Natural gas, oil and natural gas liquids sales $ 103,257 $ 86,194 $ 213,441 $ 185,625
Natural Gas, Gathering, Transportation, Marketing and Processing [Member]        
OPERATING EXPENSES        
Transportation, gathering and compression $ 31,371 $ 28,969 $ 59,060 $ 61,846