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Supplementary Quarterly Financial Data (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Supplementary Quarterly Financial Data (Unaudited)

 

 

 

2016

 

 

 

First

 

 

Second

 

 

Third

 

 

Fourth

 

 

Total

 

 

 

(In thousands, except per share data)

 

 

Total oil and gas sales

 

$

36,163

 

 

$

40,715

 

 

$

50,330

 

 

$

48,498

 

 

$

175,706

 

Operating loss

 

$

(56,490

)

 

$

(22,706

)

 

$

(98,789

)

 

$

(5,805

)

 

$

(183,790

)

Net income (loss)

 

$

(56,577

)

 

$

4,852

 

 

$

(28,476

)

 

$

(54,933

)

 

$

(135,134

)

 

Income (loss) per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted

 

$

(5.71

)

 

$

0.42

 

 

$

(2.32

)

 

$

(4.48

)

 

$

(11.52

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

 

 

First

 

 

Second

 

 

Third

 

 

Fourth

 

 

Total

 

 

 

(In thousands, except per share data)

 

 

Total oil and gas sales

 

$

53,801

 

 

$

61,471

 

 

$

66,811

 

 

$

73,248

 

 

$

255,331

 

Operating income (loss)

 

$

2,381

 

 

$

10,470

 

 

$

11,190

 

 

$

(24,224

)

 

$

(183

)

Net loss

 

$

(22,931

)

 

$

(21,442

)

 

$

(24,736

)

 

$

(42,296

)

 

$

(111,405

)

 

Loss per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted

 

$

(1.61

)

 

$

(1.45

)

 

$

(1.67

)

 

$

(2.86

)

 

$

(7.61

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Summary of Results of Operations from Non-Routine Items

Results of operations include the following non-routine items of income (expense), which are presented before the effect of income taxes:

 

 

 

 

 

2016

 

 

 

First

 

 

Second

 

 

Third

 

 

Fourth

 

 

Total

 

 

 

(In thousands)

 

 

Gain (loss) on sale of oil and gas properties

 

$

740

 

 

$

(1,647

)

 

$

(13,196

)

 

$

(212

)

 

$

(14,315

)

Net gain (loss) on extinguishment of debt

 

$

33,380

 

 

$

56,196

 

 

$

100,540

 

 

$

(1,064

)

 

$

189,052

 

Impairments of unproved oil and gas properties

 

$

(7,753

)

 

$

 

 

$

(76,391

)

 

$

 

 

$

(84,144

)

Impairments of proved oil and gas properties

 

$

(22,718

)

 

$

(1,742

)

 

$

(113

)

 

$

(2,561

)

 

$

(27,134

)

 

 

 

 

 

 

 

 

2017

 

 

 

First

 

 

Second

 

 

Third

 

 

Fourth

 

 

Total

 

 

 

(In thousands)

 

 

Gain (loss) on sale of oil and gas properties

 

$

(24

)

 

$

 

 

$

(1,036

)

 

$

 

 

$

(1,060

)

Impairments of proved oil and gas properties

 

$

 

 

$

 

 

$

 

 

$

(43,990

)

 

$

(43,990

)