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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues        
Oil, natural gas liquids and natural gas sales $ 371,567 $ 218,723 $ 729,433 $ 395,098
Gain (loss) on derivative instruments, net (31,919) 38,101 (33,614) 102,647
Total revenues 339,648 256,824 695,819 497,745
Operating Costs and Expenses        
Oil, natural gas liquids and natural gas production 57,958 43,909 110,593 85,197
Production and ad valorem taxes 24,733 13,218 47,301 26,038
Depreciation, depletion and amortization 134,011 121,549 258,221 221,201
Asset impairment 73 29 250 1,489
Exploration 1,059 1,998 2,457 5,634
General and administrative (including stock-based compensation of $4,618 and $3,191 for the three months ended June 30, 2018 and 2017, respectively, and $8,763 and $6,388 for the six months ended June 30, 2018 and 2017, respectively) 21,933 19,908 44,190 40,424
Accretion of discount on asset retirement obligations 1,567 1,443 3,100 2,857
(Gain) loss on sale of assets and other, net (113) 172 (33,836) (1,003)
Total operating costs and expenses 241,221 202,226 432,276 381,837
Operating Income 98,427 54,598 263,543 115,908
Other Income (Expense)        
Interest expense (10,803) (9,202) (21,051) (18,225)
Other income 465 218 692 775
Total other expense (10,338) (8,984) (20,359) (17,450)
Income Before Income Taxes 88,089 45,614 243,184 98,458
Income tax expense 19,815 16,133 55,995 35,574
Net Income $ 68,274 $ 29,481 $ 187,189 $ 62,884
Diluted Earnings Per Average Common Share (in dollars per share) $ 0.70 $ 0.30 $ 1.91 $ 0.64
Basic Earnings Per Average Common Share (in dollars per share) $ 0.70 $ 0.30 $ 1.92 $ 0.65
Diluted Average Common Shares Outstanding (in shares) 98,080 97,693 97,942 97,648
Basic Average Common Shares Outstanding (in shares) 97,433 97,189 97,377 97,165