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 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues        
Oil, natural gas liquids and natural gas sales $ 218,723 $ 171,637 $ 395,098 $ 294,401
Gain (loss) on derivative instruments, net 38,101 (65,872) 102,647 (60,417)
Total revenues 256,824 105,765 497,745 233,984
Operating Costs and Expenses        
Oil, natural gas liquids and natural gas production 43,909 42,840 85,197 90,567
Production and ad valorem taxes 13,218 11,265 26,038 22,435
Depreciation, depletion and amortization 121,549 117,035 221,201 236,397
Asset impairment 29 0 1,489 220,025
Exploration 1,998 1,520 5,634 1,762
General and administrative (including stock based compensation of $3,191 and $5,504 for the three months ended June 30, 2017 and 2016, respectively, and $6,388 and $7,975 for the six months ended June 30, 2017 and 2016, respectively) 19,792 23,548 40,191 53,073
Accretion of discount on asset retirement obligations 1,443 1,779 2,857 3,536
(Gain) loss on sale of assets and other 172 (161,097) (1,003) (160,875)
Total operating costs and expenses 202,110 36,890 381,604 466,920
Operating Income (Loss) 54,714 68,875 116,141 (232,936)
Other Income (Expense)        
Interest expense (9,145) (9,038) (18,111) (18,871)
Other income 45 63 428 159
Total other expense (9,100) (8,975) (17,683) (18,712)
Income (Loss) Before Income Taxes 45,614 59,900 98,458 (251,648)
Income tax expense (benefit) 16,133 23,141 35,574 (85,291)
Net Income (Loss) $ 29,481 $ 36,759 $ 62,884 $ (166,357)
Diluted Earnings Per Average Common Share (in dollars per share) $ 0.30 $ 0.38 $ 0.64 $ (1.81)
Basic Earnings Per Average Common Share (in dollars per share) $ 0.30 $ 0.38 $ 0.65 $ (1.81)
Diluted Average Common Shares Outstanding (in shares) 97,693 97,389 97,648 91,850
Basic Average Common Shares Outstanding (in shares) 97,189 97,067 97,165 91,850