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CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Operating revenue:        
Oil production $ 72,711 $ 111,585 $ 132,986 $ 219,092
Natural gas production 12,553 26,907 27,726 55,244
Natural gas liquids production 3,718 11,033 8,453 23,399
Other operational income 337 0 693 1,792
Derivative income, net 0 0 0 2,427
Total operating revenue 89,319 149,525 169,858 301,954
Operating expenses:        
Lease operating expenses 18,826 27,429 38,373 55,006
Transportation, processing and gathering expenses 7,183 19,940 8,024 37,643
Production taxes 578 1,827 1,059 4,342
Depreciation, depletion and amortization 46,231 77,951 107,789 164,373
Write-down of oil and gas properties 118,649 224,294 247,853 715,706
Accretion expense 10,082 6,408 20,065 12,817
Salaries, general and administrative expenses 20,014 16,418 32,768 33,425
Incentive compensation expense 4,670 1,264 9,649 2,827
Restructuring fees 9,436 0 10,389 0
Other operational expenses 27,680 1,454 40,207 1,170
Derivative expense, net 626 701 488 0
Total operating expenses 263,975 377,686 516,664 1,027,309
Loss from operations (174,656) (228,161) (346,806) (725,355)
Other (income) expenses:        
Interest expense 17,599 10,472 32,840 20,837
Interest income (302) (66) (416) (188)
Other income (270) (613) (568) (756)
Other expense 9 0 11 0
Total other expenses 17,036 9,793 31,867 19,893
Loss before income taxes (191,692) (237,954) (378,673) (745,248)
Provision (benefit) for income taxes:        
Current (2,113) 0 (3,187) 0
Deferred 6,182 (85,048) 9,059 (264,954)
Total income taxes 4,069 (85,048) 5,872 (264,954)
Net loss $ (195,761) $ (152,906) $ (384,545) $ (480,294)
Basic loss per share (usd per share) $ (35.05) $ (27.68) $ (68.94) $ (86.99)
Diluted loss per share (usd per share) $ (35.05) $ (27.68) $ (68.94) $ (86.99)
Average shares outstanding (in shares) 5,585 5,525 5,578 5,521
Average shares outstanding assuming dilution (in shares) 5,585 5,525 5,578 5,521