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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues:        
Crude oil, natural gas and NGL sales $ 110,841 $ 96,928 $ 186,208 $ 171,037
Sales from natural gas marketing 1,879 2,523 4,050 5,756
Commodity price risk management gain (loss), net (92,801) (49,041) (81,745) 17,621
Well operations, pipeline income and other 178 550 2,415 1,178
Total revenues 20,097 50,960 110,928 195,592
Costs, expenses and other:        
Production costs 13,675 12,639 29,005 28,924
Production taxes 6,043 3,837 10,114 7,730
Transportation, gathering and processing expenses 4,465 1,308 8,506 2,646
Cost of natural gas marketing 2,125 2,836 4,703 6,094
Exploration expense 237 275 447 560
Impairment of crude oil and natural gas properties 4,170 4,404 5,171 7,176
General and administrative expense 23,579 20,728 46,358 41,773
Depreciation, depletion and amortization 107,014 70,106 204,402 125,926
Allowance for uncollectible notes receivable 0 0 44,738 0
Accretion of asset retirement obligation 1,811 1,588 3,623 3,148
(Gain) loss on sale of properties and equipment 260 (207) 176 (228)
Total cost, expenses and other 163,379 117,514 357,243 223,749
Income (loss) from operations (143,282) (66,554) (246,315) (28,157)
Interest expense (10,672) (11,567) (22,566) (23,292)
Interest income 177 1,135 1,735 2,248
Income (loss) before income taxes (153,777) (76,986) (267,146) (49,201)
Provision for income taxes 58,327 30,116 100,166 19,393
Net income (loss) $ (95,450) $ (46,870) $ (166,980) $ (29,808)
Earnings per share:        
Basic $ (2.04) $ (1.17) $ (3.78) $ (0.78)
Diluted $ (2.04) $ (1.17) $ (3.78) $ (0.78)
Weighted-average common shares outstanding        
Basic 46,742 40,035 44,175 38,202
Diluted 46,742 40,035 44,175 38,202