XML 15 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements Of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues        
Revenues $ 58,737 $ 26,883 $ 143,281 $ 62,634
Expenses        
Lease operating and gas gathering 6,687 4,576 17,761 11,053
Production and ad valorem taxes 3,218 1,541 8,145 3,656
Depreciation, depletion and amortization 23,775 16,530 59,937 42,003
Loss on sale of oil and gas properties 0 119 1,568 466
Impairment of oil and natural gas properties 12,169 0 12,169 27,081
Loss on sale of oil and gas properties 4,661 2,644 13,385 8,925
Acquisition costs and other 315 333 302 3,001
Total expenses 50,825 25,743 113,267 96,185
Income (loss) from operations 7,912 1,140 30,014 (33,551)
Other (expense) income        
Interest expense (10,215) (5,965) (28,771) (19,816)
Unrealized (loss) gain on warrants 509 402 (2,105) 3,286
(Loss) gain on derivative financial instruments (18,198) (7,657) (54,852) 6,505
Loss on extinguishment of debt 0 0 (8,619) 0
Total other expense, net (27,904) (13,220) (94,347) (10,025)
Loss before income taxes (19,992) (12,080) (64,333) (43,576)
Income tax benefit 282 4,956 6,493 15,854
Net loss (19,710) (7,124) (57,840) (27,722)
Preferred stock dividends (1,975) (1,824) (5,796) (2,120)
Net loss attributable to common stockholders $ (21,685) $ (8,948) $ (63,636) $ (29,842)
Net loss per common share        
Basic (in dollars per share) $ (0.88) $ (0.41) $ (2.59) $ (1.37)
Diluted (in dollars per share) $ (0.88) $ (0.41) $ (2.59) $ (1.37)
Weighted average common shares outstanding        
Basic (in shares) 24,599,744 21,822,015 24,598,816 21,822,015
Diluted (in shares) 24,599,744 21,822,015 24,598,816 21,822,015
Warrant $ (3,576)   $ (3,576)  
Oil sales        
Revenues        
Revenues 47,846 $ 23,162 120,705 $ 52,742
Natural gas liquid sales        
Revenues        
Revenues 6,795 1,831 12,939 4,820
Natural gas sales        
Revenues        
Revenues $ 4,096 $ 1,890 $ 9,637 $ 5,072