XML 14 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenues    
Oil, natural gas liquids and natural gas sales $ 176,375 $ 122,764
Gain on derivative instruments, net 64,546 5,455
Total revenues 240,921 128,219
Operating Costs and Expenses    
Oil, natural gas liquids and natural gas production 41,288 47,727
Production and ad valorem taxes 12,820 11,170
Depreciation, depletion and amortization 99,652 119,362
Asset impairment 1,460 220,025
Exploration 3,636 242
General and administrative (including non-cash stock based compensation of $3,197 and $2,471 for the three months ended March 31, 2017 and 2016, respectively) 20,399 29,525
Accretion of discount on asset retirement obligations 1,414 1,757
(Gain) loss on sale of assets and other (1,175) 222
Total operating costs and expenses 179,494 430,030
Operating Income (Loss) 61,427 (301,811)
Other Income (Expense)    
Interest expense (8,966) (9,833)
Other income 383 95
Total other expense (8,583) (9,738)
Income (Loss) Before Income Taxes 52,844 (311,549)
Income tax expense (benefit) 19,441 (108,433)
Net Income (Loss) $ 33,403 $ (203,116)
Diluted Earnings Per Average Common Share (in dollars per share) $ 0.34 $ (2.34)
Basic Earnings Per Average Common Share (in dollars per share) $ 0.34 $ (2.34)
Diluted Average Common Shares Outstanding (in shares) 97,607 86,632
Basic Average Common Shares Outstanding (in shares) 97,140 86,632