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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 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Operating revenues and other income:        
Oil, gas, and NGL production revenue $ 402,558 $ 284,939 $ 785,444 $ 618,137
Net gain (loss) on divestiture activity 39,501 (167,133) 424,870 (129,670)
Other operating revenues 1,857 2,915 3,197 4,992
Total operating revenues and other income 443,916 120,721 1,213,511 493,459
Operating expenses:        
Oil, gas, and NGL production expense 117,400 124,376 238,279 262,422
Depletion, depreciation, amortization, and asset retirement obligation liability accretion 151,765 153,232 282,238 291,044
Exploration 14,056 12,983 27,783 24,800
Abandonment and impairment of unproved properties 11,935 157 17,560 157
General and administrative 28,920 28,237 56,602 57,054
Net derivative (gain) loss 63,749 (55,189) 71,278 (169,963)
Other operating expenses, net (57) 4,251 4,555 9,110
Total operating expenses 387,768 268,047 698,295 474,624
Income (loss) from operations 56,148 (147,326) 515,216 18,835
Interest expense (41,654) (44,595) (84,739) (91,548)
Loss on extinguishment of debt 0 0 0 (35)
Other non-operating income, net 1,802 953 2,211 720
Income (loss) before income taxes 16,296 (190,968) 432,688 (72,028)
Income tax (expense) benefit 901 71,061 (98,090) 26,555
Net income (loss) $ 17,197 $ (119,907) $ 334,598 $ (45,473)
Basic weighted-average common shares outstanding 111,701 111,277 111,698 111,274
Diluted weighted-average common shares outstanding 113,630 111,277 113,267 111,274
Basic net income (loss) per common share $ 0.15 $ (1.08) $ 3.00 $ (0.41)
Diluted net income (loss) per common share 0.15 (1.08) 2.95 (0.41)
Dividends per common share $ 0.00 $ 0.00 $ 0.05 $ 0.05