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Consolidated Statements of Operations - USD ($)
shares in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues:        
Crude oil, natural gas and NGLs sales $ 213,602,000 $ 110,841,000 $ 403,294,000 $ 186,208,000
Commodity price risk management gain, net of settlements 57,932,000 (92,801,000) 138,636,000 (81,745,000)
Other income 3,624,000 2,057,000 6,935,000 6,465,000
Total revenues 275,158,000 20,097,000 548,865,000 110,928,000
Costs, expenses and other:        
Lease operating expenses 20,028,000 13,675,000 39,817,000 29,005,000
Production taxes 15,042,000 6,043,000 27,441,000 10,114,000
Transportation, gathering and processing expenses 6,488,000 4,465,000 12,390,000 8,506,000
General and administrative expense 29,531,000 23,579,000 55,846,000 46,358,000
Exploration, geologic, and geophysical expense 1,033,000 237,000 1,987,000 447,000
Depreciation, depletion and amortization 126,013,000 107,014,000 235,329,000 204,402,000
Results of Operations, Impairment of Oil and Gas Properties 27,566,000 4,170,000 29,759,000 5,171,000
Accretion of asset retirement obligation 1,666,000 1,811,000 3,434,000 3,623,000
(Gain) Loss on Disposition of Oil and Gas Property (532,000) 260,000 (692,000) 176,000
Provision for uncollectible notes receivable (40,203,000) 0 (40,203,000) 44,738,000
Other expenses 3,890,000 2,125,000 7,418,000 4,703,000
Total cost, expenses and other 190,522,000 163,379,000 372,526,000 357,243,000
Income (loss) from operations 84,636,000 (143,282,000) 176,339,000 (246,315,000)
Interest expense (19,617,000) (10,672,000) (39,084,000) (22,566,000)
Interest income 768,000 177,000 1,008,000 1,735,000
Income (loss) before income taxes 65,787,000 (153,777,000) 138,263,000 (267,146,000)
Income tax (expense) benefit (24,537,000) 58,327,000 (50,867,000) 100,166,000
Net income (loss) $ 41,250,000 $ (95,450,000) $ 87,396,000 $ (166,980,000)
Earnings per share:        
Basic $ 0.63 $ (2.04) $ 1.33 $ (3.78)
Diluted $ 0.62 $ (2.04) $ 1.32 $ (3.78)
Weighted-average common shares outstanding        
Basic 65,859 46,742 65,804 44,175
Diluted 66,019 46,742 66,066 44,175