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CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2016
Sep. 30, 2016
Jun. 30, 2016
Mar. 31, 2016
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Operating revenue:                      
Oil production                 $ 281,246 $ 416,497 $ 516,104
Natural gas production                 64,601 83,509 166,494
Natural gas liquids production                 28,888 32,322 85,642
Other operational income                 2,657 4,369 7,951
Derivative income, net                 0 7,952 19,351
Total operating revenue $ 113,107 $ 94,427 $ 89,319 $ 80,677 $ 110,499 $ 132,196 $ 149,525 $ 153,498 377,392 544,649 795,542
Operating expenses:                      
Lease operating expenses                 79,650 100,139 176,495
Transportation, processing and gathering expenses                 27,760 58,847 64,951
Production taxes                 3,148 6,877 12,151
Depreciation, depletion and amortization                 220,079 281,688 340,006
Write-down of oil and gas properties 73,094 36,484 118,649 129,204 351,062 295,679 224,294 491,412 357,431 1,362,447 351,192
Accretion expense                 40,229 25,988 28,411
Salaries, general and administrative expenses                 58,928 69,384 66,451
Incentive compensation expense                 13,475 2,242 10,361
Restructuring fees 13,424 5,784 9,436 953         29,597 0 0
Other operational expenses 6,187 9,059 27,680 12,527         55,453 2,360 862
Derivative expense, net                 810 0 0
Total operating expenses                 886,560 1,909,972 1,050,880
Loss from operations (90,234) (72,128) (174,656) (172,150) (342,759) (297,209) (228,161) (497,194) (509,168) (1,365,323) (255,338)
Other (income) expenses:                      
Interest expense                 64,458 43,928 38,855
Interest income                 (550) (580) (574)
Other income                 (1,439) (1,783) (2,332)
Other expense                 596 434 274
Reorganization items 10,947 0 0 0         10,947 0 0
Total other expenses                 74,012 41,999 36,223
Loss before income taxes                 (583,180) (1,407,322) (291,561)
Provision (benefit) for income taxes:                      
Current                 (5,674) (44,096) 159
Deferred                 13,080 (272,311) (102,177)
Total income taxes                 7,406 (316,407) (102,018)
Net loss $ (116,406) $ (89,635) $ (195,761) $ (188,784) $ (318,656) $ (291,965) $ (152,906) $ (327,388) $ (590,586) $ (1,090,915) $ (189,543)
Basic loss per share (in usd per share) $ (20.76) $ (16.01) $ (35.05) $ (33.89) $ (57.63) $ (52.82) $ (27.68) $ (59.33) $ (105.63) $ (197.45) $ (35.95)
Diluted loss per share (in usd per share) $ (20.76) $ (16.01) $ (35.05) $ (33.89) $ (57.63) $ (52.82) $ (27.68) $ (59.33) $ (105.63) $ (197.45) $ (35.95)
Average shares outstanding (in shares)                 5,591 5,525 5,272
Average shares outstanding assuming dilution (in shares)                 5,591 5,525 5,272