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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenues:        
Oil and natural gas $ 85,470 $ 78,854 $ 256,241 $ 206,318
Contract drilling 51,619 25,819 128,059 88,786
Gas gathering and processing 51,399 48,735 150,493 132,793
Total revenues 188,488 153,408 534,793 427,897
Operating costs:        
Oil and natural gas 33,911 26,014 95,873 92,691
Contract drilling 34,747 19,137 91,213 66,489
Gas gathering and processing 38,116 35,738 111,862 99,185
Total operating costs 106,774 80,889 298,948 258,365
Depreciation, depletion, and amortization 54,533 49,969 151,545 158,437
Impairments (Note 2) 0 49,443 0 161,563
General and administrative 9,235 8,852 26,902 25,811
Gain on disposition of assets (81) (154) (1,153) (823)
Total operating expenses 170,461 188,999 476,242 603,353
Income (loss) from operations 18,027 (35,591) 58,551 (175,456)
Other income (expense):        
Interest, net (9,944) (10,002) (28,807) (30,225)
Gain (loss) on derivatives (2,614) 6,969 21,019 (4,774)
Other, net 5 3 14 (11)
Total other income (expense) (12,553) (3,030) (7,774) (35,010)
Income (loss) before income taxes 5,474 (38,621) 50,777 (210,466)
Income tax expense (benefit):        
Deferred 1,769 (14,599) 22,084 (73,159)
Total income taxes 1,769 (14,599) 22,084 (73,159)
Net income (loss) $ 3,705 $ (24,022) $ 28,693 $ (137,307)
Net income (loss) per common share:        
Basic $ 0.07 $ (0.48) $ 0.56 $ (2.75)
Diluted $ 0.07 $ (0.48) $ 0.56 $ (2.75)