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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenues:    
Natural gas sales $ 40,940 $ 25,147
Oil sales 12,861 11,016
Total oil and gas sales 53,801 36,163
Gain on sale of oil and gas properties   740
Total revenue 53,801 36,903
Operating expenses:    
Production taxes 1,097 1,186
Gathering and transportation 4,128 4,365
Lease operating 9,889 12,960
Exploration   7,753
Depreciation, depletion and amortization 29,905 38,836
General and administrative 6,401 5,575
Impairment of oil and gas properties   22,718
Total operating expenses 51,420 93,393
Operating income (loss) 2,381 (56,490)
Other income (expenses):    
Gain on extinguishment of debt   33,380
Gain from derivative financial instruments 7,860 656
Other income 163 281
Interest expense (32,900) (29,944)
Total other income (expenses) (24,877) 4,373
Loss before income taxes (22,496) (52,117)
Provision for income taxes (435) (4,460)
Net loss $ (22,931) $ (56,577)
Net loss per share – basic and diluted $ (1.61) $ (5.71)
Weighted average shares outstanding – basic and diluted 14,225 9,902