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Condensed Consolidated Statements of Operations (Unaudited) - 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:        
Other $ 1 $ 16 $ 37 $ 31
30,916 13,152 71,546 31,954
Operating costs and expenses        
Lease operating 5,730 3,421 10,299 7,539
Production and ad valorem taxes 2,485 1,158 5,598 2,778
Depreciation, depletion and amortization 8,705 4,415 18,835 9,789
General and administrative (including stock-based compensation of $879, $979, $1,466 and $1,749, respectively) 3,065 2,898 5,793 5,635
19,985 11,892 40,525 25,741
Operating income 10,931 1,260 31,021 6,213
Other (income) expense:        
Interest income (1) (1) (1) (1)
Interest expense 1,627 501 2,956 1,008
Amortization of deferred financing fees 111 117 207 254
Loss (gain) on derivative contracts 19,763 (6,450) 27,646 (15,831)
Gain on sale of non-oil and gas assets (15) (102) (12) (102)
21,485 (5,935) 30,796 (14,672)
(Loss) income before income tax (10,554) 7,195 225 20,885
Income tax (expense) benefit 0 0 0 0
Net (loss) income $ (10,554) $ 7,195 $ 225 $ 20,885
Net (loss) income per common share - basic (in dollars per share) $ (0.06) $ 0.04 $ 0 $ 0.13
Net (loss) income per common share - diluted (in dollars per share) $ (0.06) $ 0.04 $ 0 $ 0.13
Weighted average shares outstanding        
Basic (in shares) 165,162 162,357 164,812 158,259
Diluted (in shares) 165,162 163,805 167,715 159,942
Oil Revenues [Member]        
Revenues:        
Revenues $ 27,472 $ 11,313 $ 63,466 $ 26,814
Gas Revenues [Member]        
Revenues:        
Revenues 1,608 1,063 3,985 3,045
Natural Gas Liquids Revenues [Member]        
Revenues:        
Revenues 1,835 760 4,058 2,064
Oil and Gas [Member]        
Revenues:        
Revenues $ 30,915 $ 13,136 $ 71,509 $ 31,923