XML 15 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues:        
Crude oil, natural gas and NGLs sales $ 325,933 $ 213,602 $ 631,158 $ 403,294
Commodity price risk management gain (loss), net (116,126) 57,932 (163,366) 138,636
Other income 2,724 3,624 5,339 6,935
Total revenues 212,531 275,158 473,131 548,865
Costs, expenses and other:        
Lease operating expenses 32,260 20,028 61,896 39,817
Production taxes 22,604 15,042 42,773 27,441
Transportation, gathering and processing expenses 8,964 6,488 16,277 12,390
Exploration, geologic and geophysical expense 875 1,033 3,521 1,987
Impairment of properties and equipment 159,554 27,566 192,742 29,759
General and administrative expense 37,247 29,531 72,943 55,846
Depreciation, depletion and amortization 135,624 126,013 262,412 235,329
Accretion of asset retirement obligations 1,285 1,666 2,573 3,434
(Gain) loss on sale of properties and equipment (351) (532) 1,081 (692)
Provision for uncollectible note receivable 0 (40,203) 0 (40,203)
Other expenses 2,708 3,890 5,476 7,418
Total cost, expenses and other 400,770 190,522 661,694 372,526
Income (loss) from operations (188,239) 84,636 (188,563) 176,339
Interest expense (17,410) (19,617) (34,939) (39,084)
Interest income 69 768 217 1,008
Income (loss) before income taxes (205,580) 65,787 (223,285) 138,263
Income tax (expense) benefit 45,323 (24,537) 49,889 (50,867)
Net income (loss) $ (160,257) $ 41,250 $ (173,396) $ 87,396
Earnings per share:        
Basic $ (2.43) $ 0.63 $ (2.63) $ 1.33
Diluted $ (2.43) $ 0.62 $ (2.63) $ 1.32
Weighted-average common shares outstanding        
Basic 66,066 65,859 66,012 65,804
Diluted 66,066 66,019 66,012 66,066