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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) (in thousands, except per share amounts) - USD ($)
shares in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Operating revenues and other income:        
Oil, gas, and NGL production revenue $ 294,459,000 $ 329,165,000 $ 912,596,000 $ 832,130,000
Net gain (loss) on divestiture activity (1,895,000) 22,388,000 (131,565,000) 3,413,000
Other operating revenues 2,815,000 1,107,000 7,807,000 2,007,000
Total operating revenues and other income 295,379,000 352,660,000 788,838,000 837,550,000
Operating expenses:        
Oil, gas, and NGL production expense 122,651,000 152,524,000 385,073,000 445,658,000
Depletion, depreciation, amortization, and asset retirement obligation liability accretion 134,599,000 193,966,000 425,643,000 619,193,000
Exploration 14,243,000 13,482,000 39,293,000 41,942,000
Impairment of proved properties 0 8,049,000 3,806,000 277,834,000
Abandonment and impairment of unproved properties 0 3,568,000 157,000 5,917,000
General and administrative 27,880,000 32,679,000 85,564,000 93,117,000
Net derivative (gain) loss 80,599,000 (28,037,000) (89,364,000) 121,086,000
Other Operating Income (Expense), Net 999,000 (5,917,000) 6,303,000 7,731,000
Total operating expenses 380,971,000 370,314,000 856,475,000 1,612,478,000
Loss from operations (85,592,000) (17,654,000) (67,637,000) (774,928,000)
Non-operating income (expense):        
Interest expense (44,091,000) (47,206,000) (135,639,000) (112,329,000)
Gain (loss) on extinguishment of debt 0 0 (35,000) 15,722,000
Other, net 1,301,000 221,000 2,901,000 232,000
Loss before income taxes (128,382,000) (64,639,000) (200,410,000) (871,303,000)
Income tax benefit 39,270,000 23,732,000 65,825,000 314,505,000
Net loss $ (89,112,000) $ (40,907,000) $ (134,585,000) $ (556,798,000)
Basic weighted-average common shares outstanding 111,575 78,468 111,366 71,574
Diluted weighted-average common shares outstanding 111,575 78,468 111,366 71,574
Basic net loss per common share $ (0.80) $ (0.52) $ (1.21) $ (7.78)
Diluted net loss per common share (0.80) (0.52) (1.21) (7.78)
Dividends per common share $ 0.05 $ 0.05 $ 0.10 $ 0.10