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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) (in thousands, except per share amounts) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Operating revenues:        
Oil, gas, and NGL production revenue $ 329,165 $ 366,615 $ 832,130 $ 1,201,186
Net gain on divestiture activity (note 3) 22,388 2,415 3,413 38,497
Other operating revenues 1,107 2,121 2,007 13,548
Total operating revenues and other income 352,660 371,151 837,550 1,253,231
Operating expenses:        
Oil, gas, and NGL production expense 152,524 184,568 445,658 554,404
Depletion, depreciation, amortization, and asset retirement obligation liability accretion 193,966 243,879 619,193 680,984
Exploration 13,482 19,679 41,942 82,627
Impairment of proved properties 8,049 55,990 277,834 124,430
Abandonment and impairment of unproved properties 3,568 6,600 5,917 24,046
General and administrative 32,679 37,782 93,117 124,026
Change in Net Profits Plan liability (8,314) (4,364) (6,449) (13,174)
Derivative (gain) loss (28,037) (212,253) 121,086 (285,491)
Other operating expenses 2,397 7,166 14,180 34,589
Total operating expenses 370,314 339,047 1,612,478 1,326,441
Income (loss) from operations (17,654) 32,104 (774,928) (73,210)
Non-operating income (expense):        
Interest expense (47,206) (33,157) (112,329) (96,583)
Gain (loss) on extinguishment of debt 0 0 15,722 (16,578)
Other, net 221 27 232 623
Loss before income taxes (64,639) (1,026) (871,303) (185,748)
Income tax benefit 23,732 4,140 314,505 78,296
Net income (loss) $ (40,907) $ 3,114 $ (556,798) $ (107,452)
Basic weighted-average common shares outstanding 78,468 67,961 71,574 67,638
Diluted weighted-average common shares outstanding 78,468 68,119 71,574 67,638
Basic net income (loss) per common share $ (0.52) $ 0.05 $ (7.78) $ (1.59)
Diluted net income (loss) per common share (0.52) 0.05 (7.78) (1.59)
Dividends per common share $ 0.05 $ 0.05 $ 0.10 $ 0.10