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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
Mar. 31, 2017
Mar. 31, 2016
Operating revenues:    
Oil, gas, and NGL production revenue $ 333,198 $ 211,823
Net gain (loss) on divestiture activity 37,463 (69,021)
Other operating revenues 2,077 274
Total operating revenues and other income 372,738 143,076
Operating expenses:    
Oil, gas, and NGL production expense 138,046 144,543
Depletion, depreciation, amortization, and asset retirement obligation liability accretion 137,812 214,207
Exploration 11,978 15,273
Impairment of proved properties 0 269,785
Abandonment and impairment of unproved properties 0 2,311
General and administrative 29,224 32,238
Net derivative gain (114,774) (14,228)
Other operating expenses 4,859 5,672
Total operating expenses 207,145 669,801
Income (loss) from operations 165,593 (526,725)
Non-operating income (expense):    
Interest expense (46,953) (31,088)
Gain (loss) on extinguishment of debt (35) 15,722
Other, net 335 6
Income (loss) before income taxes 118,940 (542,085)
Income tax (expense) benefit (44,506) 194,875
Net income (loss) $ 74,434 $ (347,210)
Basic weighted-average common shares outstanding 111,258 68,077
Diluted weighted-average common shares outstanding 111,329 68,077
Basic net income (loss) per common share $ 0.67 $ (5.10)
Diluted net income (loss) per common share 0.67 (5.10)
Dividends per common share $ 0.05 $ 0.05