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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
[1]
Revenues    
Revenue from sales to customers $ 606,954 $ 509,035
Gain (loss) on crude contracts (29,502) 37,077
Gain on sale of assets and other income 8,153 130,528
Total revenues 585,605 676,640
Costs and Expenses    
Lease operating expenses 136,496 122,142
Severance and ad valorem taxes 12,157 11,213
Exploration expenses, including undeveloped lease amortization 28,928 28,663
Selling and general expenses 51,417 51,255
Depreciation, depletion and amortization 230,733 236,154
Accretion of asset retirement obligations 9,914 10,556
Other expense (benefit) (11,048) 2,157
Total costs and expenses 458,597 462,140
Operating income from continuing operations 127,008 214,500
Other income (loss)    
Interest and other income (loss) 15,084 (15,021)
Interest expense, net (45,049) (44,597)
Total other loss (29,965) (59,618)
Income from continuing operations before income taxes 97,043 154,882
Income tax expense (benefit) (71,647) 97,387
Income from continuing operations 168,690 57,495
Income (loss) from discontinued operations, net of income taxes (437) 969
NET INCOME $ 168,253 $ 58,464
INCOME PER COMMON SHARE - BASIC    
Continuing operations $ 0.98 $ 0.33
Discontinued operations (0.01) 0.01
Net Income 0.97 0.34
INCOME PER COMMON SHARE - DILUTED    
Continuing operations 0.97 0.33
Discontinued operations (0.01) 0.01
Net Income 0.96 0.34
Cash dividends per Common share $ 0.25 $ 0.25
Average Common shares outstanding    
Basic 172,805,065 172,422,449
Diluted 174,619,524 173,088,691
[1] Reclassified to conform to current presentation (see Notes A and B).