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Condensed Consolidated Statements Of Operations (Unaudited) - USD ($)
$ in Thousands
1 Months Ended 3 Months Ended 5 Months Ended 6 Months Ended
Feb. 08, 2018
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2018
Jun. 30, 2019
Revenue          
Operating revenue   $ 133,305 $ 111,482 $ 169,372 $ 269,134
Gain (loss) on sale of assets   0 (63) 5,076 1,483
Gain (loss) on derivatives   12,412 (29,219) (51,230) (11,365)
Total revenue   145,717 82,200 123,218 259,252
Operating expenses          
Lease operating   15,114 12,679 20,996 35,058
Transportation, processing and marketing   6,837 5,396 8,755 11,440
Midstream operating   6,520 3,313 3,900 12,671
Cost of sales for purchased gathered production   8,720 8,902 12,711 18,415
Production taxes   5,117 2,606 4,021 10,600
Workovers   807 333 1,578 1,120
Exploration   3,289 8,083 9,668 5,343
Depreciation, depletion and amortization   38,009 33,934 49,613 75,908
Impairment of assets   6,500 0 0 6,500
General and administrative   27,172 22,456 60,208 56,690
Total operating expenses   118,085 97,702 171,450 233,745
Operating income   27,632 (15,502) (48,232) 25,507
Other income (expense)          
Interest expense   (16,755) (11,779) (17,223) (32,215)
Interest income   79 824 1,370 130
Equity in earnings of unconsolidated subsidiaries   643 0 0 742
Total other income (expense), net   (16,033) (10,955) (15,853) (31,343)
Income (loss) from continuing operations before income taxes   11,599 (26,457) (64,085) (5,836)
Income tax provision (benefit)   0 (3,791) (7,665) 0
Income (loss) from continuing operations   11,599 (22,666) (56,420) (5,836)
Loss from discontinued operations, net of tax   0 0 0 0
Net income (loss)   11,599 (22,666) (56,420) (5,836)
Net income (loss) attributable to noncontrolling interests   9,354 (16,066) (36,490) 326
Net income (loss) attributable to Alta Mesa Resources, Inc. stockholders   $ 2,245 $ (6,600) $ (19,930) $ (6,162)
Income (loss) per share - basic and diluted (in USD per share)   $ 0.01 $ (0.04) $ (0.12) $ (0.03)
Weighted average shares outstanding - basic (in shares)   180,742,049 173,345,982 171,908,486 180,505,318
Weighted average shares outstanding - diluted (in shares)   180,742,049 207,965,929 208,112,707 180,505,318
Oil          
Revenue          
Operating revenue   $ 90,668 $ 75,291 $ 115,569 $ 177,031
Natural gas          
Revenue          
Operating revenue   12,384 7,980 13,190 30,834
Natural gas liquids          
Revenue          
Operating revenue   10,251 10,241 14,955 21,467
Sales of gathered production          
Revenue          
Operating revenue   10,439 8,924 12,797 19,999
Midstream revenue          
Revenue          
Operating revenue   6,549 6,817 10,077 13,704
Other          
Revenue          
Operating revenue   $ 3,014 $ 2,229 $ 2,784 $ 6,099
Predecessor          
Revenue          
Operating revenue $ 40,136        
Gain (loss) on sale of assets 840        
Gain (loss) on derivatives 6,663        
Total revenue 47,639        
Operating expenses          
Lease operating 4,408        
Transportation, processing and marketing 3,725        
Midstream operating 0        
Cost of sales for purchased gathered production 0        
Production taxes 953        
Workovers 423        
Exploration 7,003        
Depreciation, depletion and amortization 11,670        
Impairment of assets 0        
General and administrative 21,234        
Total operating expenses 49,416        
Operating income (1,777)        
Other income (expense)          
Interest expense (5,511)        
Interest income 172        
Equity in earnings of unconsolidated subsidiaries 0        
Total other income (expense), net (5,339)        
Income (loss) from continuing operations before income taxes (7,116)        
Income tax provision (benefit) 0        
Income (loss) from continuing operations (7,116)        
Loss from discontinued operations, net of tax (7,746)        
Net income (loss) (14,862)        
Net income (loss) attributable to Alta Mesa Resources, Inc. stockholders (14,862)        
Predecessor | Oil          
Revenue          
Operating revenue 30,972        
Predecessor | Natural gas          
Revenue          
Operating revenue 4,276        
Predecessor | Natural gas liquids          
Revenue          
Operating revenue 4,000        
Predecessor | Sales of gathered production          
Revenue          
Operating revenue 0        
Predecessor | Midstream revenue          
Revenue          
Operating revenue 0        
Predecessor | Other          
Revenue          
Operating revenue $ 888