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Condensed Consolidated Statement of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenues        
Oil and gas revenues $ 248,648 $ 156,316 $ 704,533 $ 432,968
Bulk oil sales 21,195 1,867 56,917 1,867
Midstream revenues 18,767 8,487 48,939 22,380
Well services revenues 16,138 10,641 33,566 29,459
Total revenues 304,748 177,311 843,955 486,674
Operating expenses        
Lease operating expenses 45,334 35,696 133,871 98,283
Midstream operating expenses 4,301 2,617 10,891 6,095
Well services operating expenses 9,125 5,548 21,115 15,334
Marketing, transportation and gathering expenses 15,028 7,003 38,018 22,046
Bulk oil purchases 21,701 1,853 57,683 1,853
Production taxes 21,052 14,638 60,322 39,758
Depreciation, depletion and amortization 132,289 111,948 384,246 356,885
Exploration expenses 854 489 4,010 1,192
Impairment 139 382 6,021 3,967
General and administrative expenses 22,531 22,845 69,913 69,087
Total operating expenses 272,354 203,019 786,090 614,500
Gain (loss) on sale of properties 0 6 0 (1,305)
Operating income (loss) 32,394 (25,702) 57,865 (129,131)
Other income (expense)        
Net gain (loss) on derivative instruments (54,310) 20,847 52,297 (55,624)
Interest expense, net of capitalized interest (37,389) (31,726) (110,548) (105,444)
Gain (loss) on extinguishment of debt 0 (13,793) 0 4,865
Other income (expense) (605) (259) (755) 188
Total other expense (92,304) (24,931) (59,006) (156,015)
Loss before income taxes (59,910) (50,633) (1,141) (285,146)
Income tax benefit 18,846 16,691 470 96,818
Net loss including non-controlling interests (41,064) (33,942) (671) (188,328)
Less: Net income attributable to non-controlling interests 150 0 150 0
Net loss attributable to Oasis $ (41,214) $ (33,942) $ (821) $ (188,328)
Earnings (loss) attributable to Oasis per share:        
Basic (in dollars per share) $ (0.18) $ (0.19) $ 0.00 $ (1.09)
Diluted (in dollars per share) $ (0.18) $ (0.19) $ 0.00 $ (1.09)
Weighted average shares outstanding:        
Basic (in shares) 233,389 177,120 233,248 172,360
Diluted (in shares) 233,389 177,120 233,248 172,360