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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
[1]
Sep. 30, 2018
Sep. 30, 2017
[1]
Revenues        
Revenue from sales to customers $ 659,806 $ 511,192 $ 1,921,910 $ 1,498,093
Gain (loss) on crude contracts (2,223) (13,573) (69,349) 50,365
Gain on sale of assets and other income 17,214 700 26,035 134,780
Total revenues 674,797 498,319 1,878,596 1,683,238
Costs and expenses        
Lease operating expenses 133,141 112,751 406,226 346,072
Severance and ad valorem taxes 15,067 10,816 40,100 32,771
Exploration expenses, including undeveloped lease amortization 21,838 28,492 69,911 77,356
Selling and general expenses 64,107 51,374 173,324 155,438
Depreciation, depletion and amortization 241,833 243,636 710,563 714,782
Accretion of asset retirement obligations 11,099 10,654 32,041 31,638
Redetermination expense 11,332   11,332  
Other expense (benefit) (34,387) 2,454 (44,776) 10,988
Total costs and expenses 464,030 460,177 1,398,721 1,369,045
Operating income from continuing operations 210,767 38,142 479,875 314,193
Other income (loss)        
Interest and other income (loss) (19,478) (53,019) (19,445) (106,345)
Interest expense, net (44,492) (48,681) (134,264) (138,423)
Total other loss (63,970) (101,700) (153,709) (244,768)
Income (loss) from continuing operations before income taxes 146,797 (63,558) 326,166 69,425
Income tax expense (benefit) 51,038 2,760 15,801 95,602
Income (loss) from continuing operations 95,759 (66,318) 310,365 (26,177)
Income (loss) from discontinued operations, net of income taxes (1,815) 425 (2,650) 1,177
NET INCOME (LOSS) $ 93,944 $ (65,893) $ 307,715 $ (25,000)
INCOME (LOSS) PER COMMON SHARE - BASIC        
Continuing operations $ 0.55 $ (0.38) $ 1.79 $ (0.15)
Discontinued operations (0.01)   (0.01) 0.01
Net Income (Loss) 0.54 (0.38) 1.78 (0.14)
INCOME (LOSS) PER COMMON SHARE - DILUTED        
Continuing operations 0.55 (0.38) 1.78 (0.15)
Discontinued operations (0.01)   (0.01) 0.01
Net Income (Loss) 0.54 (0.38) 1.77 (0.14)
Cash dividends per Common share $ 0.25 $ 0.25 $ 0.75 $ 0.75
Average Common shares outstanding        
Basic 173,047,246 172,572,873 172,949,450 172,509,418
Diluted 174,175,267 172,572,873 174,201,760 172,509,418
[1] Reclassified to conform to current presentation (see Note B).