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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) (in thousands, except per share data) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Operating revenues and other income:    
Oil, gas, and NGL production revenue $ 382,886 $ 333,198
Net gain on divestiture activity 385,369 37,463
Other operating revenues 1,340 2,077
Total operating revenues and other income 769,595 372,738
Operating expenses:    
Oil, gas, and NGL production expense 120,879 138,046
Depletion, depreciation, amortization, and asset retirement obligation liability accretion 130,473 137,812
Exploration 13,727 11,817
Abandonment and impairment of oil and gas properties 5,625 0
General and administrative 27,682 28,817
Net derivative (gain) loss 7,529 (114,774)
Other operating expenses 4,612 4,859
Total operating expenses 310,527 206,577
Income from operations 459,068 166,161
Interest expense (43,085) (46,953)
Loss on extinguishment of debt 0 (35)
Other non-operating income (expense), net 409 (233)
Income before income taxes 416,392 118,940
Income tax expense 98,991 44,506
Net income $ 317,401 $ 74,434
Basic weighted-average common shares outstanding 111,696 111,258
Diluted weighted-average common shares outstanding 112,879 111,329
Basic net income per common share $ 2.84 $ 0.67
Diluted net income per common share 2.81 0.67
Dividends per common share $ 0.05 $ 0.05