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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Revenues    
Oil sales $ 80,505 $ 46,954
Natural gas sales 6,477 7,165
Natural gas liquid sales 7,086 3,853
Total revenues 94,068 57,972
Expenses    
Lease operating and gas gathering 16,763 16,232
Production and ad valorem taxes 5,523 3,287
Rig standby expense 622 2,261
Depletion, depreciation, and amortization 52,718 46,888
Accretion of asset retirement obligations 139 180
Loss (gain) on sale of oil and gas properties 466 (74)
Impairment of oil and gas properties 33,413 33,893
General and administrative (inclusive of $1.6 million and $0.4 million of stock-based compensation) 12,626 11,767
Acquisition costs 3,202  
Other (63) 1,261
Total expenses 125,409 115,695
Loss from operations (31,341) (57,723)
Other income (expense)    
Interest expense (20,769) (22,840)
Gain on redemption of bonds   28,480
Amortization of finance costs (5,302) (6,743)
Unrealized gain on warrants 3,088 568
Loss on derivative financial instruments (14,080) (8,672)
Total other expense, net (37,063) (9,207)
Loss before income taxes (68,404) (66,930)
Income tax benefit (expense) 29,741 (27,405)
Net loss (38,663) (94,335)
Preferred stock dividends (3,968)  
Net loss attributable to common stockholders $ (42,631) $ (94,335)
Net loss per common share    
Basic $ (1.92) $ (11.64)
Diluted $ (1.92) $ (11.64)
Weighted Average Shares Outstanding    
Basic 22,252,149 8,106,931
Diluted 22,252,149 8,106,931