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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenues:        
Oil sales $ 27,706 $ 107,899 $ 124,783 $ 309,283
Natural gas sales 33,654 37,084 80,411 133,332
Total revenues 61,360 144,983 205,194 442,615
Operating expenses:        
Production taxes 2,170 6,369 8,951 18,437
Gathering and transportation 3,729 3,125 9,842 10,039
Lease operating 16,687 15,858 49,650 44,899
Exploration 5,040 11,449 70,309 11,449
Depreciation, depletion and amortization 79,445 99,977 261,907 283,390
General and administrative 5,653 7,927 20,795 25,910
Impairment of oil and gas properties 544,714 15 547,101 271
(Gain) loss on sale of oil and gas properties (52)   111,778  
Total operating expenses 657,386 144,720 1,080,333 394,395
Operating income (loss) (596,026) 263 (875,139) 48,220
Other income (expenses):        
Interest income 138   308  
Net gain on extinguishment of debt 51,054   55,586  
Gain (loss) on derivative financial instruments 1,078 12,033 1,705 (2,763)
Other income 273 223 746 513
Interest expense (32,159) (14,912) (86,720) (43,359)
Total other income (expenses) 20,384 (2,656) (28,375) (45,609)
Income (loss) before income taxes (575,642) (2,393) (903,514) 2,611
Benefit from (provision for) income taxes 30,646 490 144,948 (1,451)
Net income (loss) $ (544,996) $ (1,903) $ (758,566) $ 1,160
Net income (loss) per share:        
Net income (loss), Basic $ (11.81) $ (0.04) $ (16.45) $ 0.02
Net income (loss), Diluted $ (11.81) (0.04) $ (16.45) 0.02
Dividends per common share   $ 0.125   $ 0.375
Weighted average shares outstanding:        
Basic 46,150 46,651 46,100 46,628
Diluted 46,150 46,651 46,100 46,948