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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
[1]
Jun. 30, 2018
Jun. 30, 2017
[1]
Revenues        
Revenue from sales to customers $ 655,150 $ 477,560 $ 1,262,104 $ 986,595
(Loss) gain on crude contracts (37,624) 26,861 (67,126) 63,938
Gain on sale of assets and other income 668 3,858 8,821 134,386
Total revenues 618,194 508,279 1,203,799 1,184,919
Costs and expenses        
Lease operating expenses 136,589 111,179 273,085 233,321
Severance and ad valorem taxes 12,876 10,742 25,033 21,955
Exploration expenses, including undeveloped lease amortization 19,145 20,201 48,073 48,864
Selling and general expenses 57,800 52,809 109,217 102,774
Depreciation, depletion and amortization 237,997 234,992 468,730 471,146
Accretion of asset retirement obligations 11,028 10,428 20,942 20,984
Other expense (benefit) 659 6,377 (10,389) 8,534
Total costs and expenses 476,094 446,728 934,691 907,578
Operating income from continuing operations 142,100 61,551 269,108 277,341
Other income (loss)        
Interest and other income (loss) (15,051) (38,305) 33 (54,616)
Interest expense, net (44,723) (45,145) (89,772) (89,742)
Total other loss (59,774) (83,450) (89,739) (144,358)
Income (loss) from continuing operations before income taxes 82,326 (21,899) 179,369 132,983
Income tax expense (benefit) 36,410 (4,545) (35,237) 92,842
Income (loss) from continuing operations 45,916 (17,354) 214,606 40,141
Income (loss) from discontinued operations, net of income taxes (398) (217) (835) 752
NET INCOME (LOSS) $ 45,518 $ (17,571) $ 213,771 $ 40,893
INCOME (LOSS) PER COMMON SHARE - BASIC        
Continuing operations $ 0.26 $ (0.10) $ 1.25 $ 0.23
Discontinued operations     (0.01) 0.01
Net Income (Loss) 0.26 (0.10) 1.24 0.24
INCOME (LOSS) PER COMMON SHARE - DILUTED        
Continuing operations 0.26 (0.10) 1.23 0.23
Discontinued operations     (0.01) 0.01
Net Income (Loss) 0.26 (0.10) 1.22 0.24
Cash dividends per Common share $ 0.25 $ 0.25 $ 0.50 $ 0.50
Average Common shares outstanding        
Basic 173,042,626 172,557,978 172,907,537 172,482,223
Diluted 173,982,620 172,557,978 174,927,062 173,016,664
[1] Reclassified to conform to current presentation (see Notes A and B).