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CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Operating revenue:        
Oil production $ 71,116 $ 105,013 $ 204,102 $ 324,105
Natural gas production 15,601 17,367 43,327 72,611
Natural gas liquids production 6,666 5,980 15,119 29,379
Other operational income 1,044 1,392 1,737 3,184
Derivative income, net 0 2,444 0 4,871
Total operating revenue 94,427 132,196 264,285 434,150
Operating expenses:        
Lease operating expenses 16,976 24,244 55,349 79,250
Transportation, processing and gathering expenses 10,633 18,208 18,657 55,851
Production taxes 835 2,052 1,894 6,394
Depreciation, depletion and amortization 58,918 61,936 166,707 226,309
Write-down of oil and gas properties 36,484 295,679 284,337 1,011,385
Accretion expense 10,082 6,498 30,147 19,315
Salaries, general and administrative expenses 15,425 19,552 48,193 52,977
Incentive compensation expense 2,160 794 11,809 3,621
Restructuring fees 5,784 0 16,173 0
Other operational expenses 9,059 442 49,266 1,612
Derivative expense, net 199 0 687 0
Total operating expenses 166,555 429,405 683,219 1,456,714
Loss from operations (72,128) (297,209) (418,934) (1,022,564)
Other (income) expenses:        
Interest expense 16,924 10,872 49,764 31,709
Interest income (58) (47) (474) (235)
Other income (272) (411) (840) (1,167)
Other expense 16 148 27 148
Total other expenses 16,610 10,562 48,477 30,455
Loss before income taxes (88,738) (307,771) (467,411) (1,053,019)
Provision (benefit) for income taxes:        
Current (991) 0 (4,178) 0
Deferred 1,888 (15,806) 10,947 (280,760)
Total income taxes 897 (15,806) 6,769 (280,760)
Net loss $ (89,635) $ (291,965) $ (474,180) $ (772,259)
Basic loss per share (in usd per share) $ (16.01) $ (52.82) $ (84.90) $ (139.83)
Diluted loss per share (in usd per share) $ (16.01) $ (52.82) $ (84.90) $ (139.83)
Average shares outstanding (in shares) 5,600 5,528 5,585 5,523
Average shares outstanding assuming dilution (in shares) 5,600 5,528 5,585 5,523