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Condensed Consolidated Statement of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues        
Total revenues $ 501,337 $ 254,091 $ 922,553 $ 539,207
Operating expenses        
Lease operating expenses 44,141 44,665 88,922 88,537
Marketing, transportation and gathering expenses 22,833 12,039 43,846 22,990
Production taxes 34,026 18,971 65,026 39,270
Depreciation, depletion and amortization 153,570 125,291 302,835 251,957
Exploration expenses 617 1,667 1,386 3,156
Impairment 384,135 3,200 384,228 5,882
General and administrative expenses 28,230 22,626 56,170 45,802
Total operating expenses 745,965 248,712 1,054,196 513,736
Gain on sale of properties 1,954 0 1,954 0
Operating income (loss) (242,674) 5,379 (129,689) 25,471
Other income (expense)        
Net gain (loss) on derivative instruments (120,285) 50,532 (191,401) 106,607
Interest expense, net of capitalized interest (40,910) (36,838) (78,056) (73,159)
Loss on extinguishment of debt (13,651) 0 (13,651) 0
Other income (expense) 218 (166) 35 (150)
Total other income (expense) (174,628) 13,528 (283,073) 33,298
Income (loss) before income taxes (417,302) 18,907 (412,762) 58,769
Income tax benefit (expense) 101,001 (2,339) 100,173 (18,376)
Net income (loss) including non-controlling interests (316,301) 16,568 (312,589) 40,393
Less: Net income attributable to non-controlling interests 3,903 0 7,025 0
Net income (loss) attributable to Oasis $ (320,204) $ 16,568 $ (319,614) $ 40,393
Earnings (loss) attributable to Oasis per share:        
Basic (in dollars per share) $ (1.02) $ 0.07 $ (1.06) $ 0.17
Diluted (in dollars per share) $ (1.02) $ 0.07 $ (1.06) $ 0.17
Weighted average shares outstanding:        
Basic (in shares) 313,072 233,283 301,652 233,176
Diluted (in shares) 313,072 234,917 301,652 236,281
Oil and Gas [Member]        
Revenues        
Total revenues $ 395,921 $ 218,633 $ 759,592 $ 455,885
Purchased Oil and Gas Sales [Member]        
Revenues        
Total revenues 57,578 8,091 75,615 35,722
Operating expenses        
Expenses 57,165 7,980 75,163 35,982
Midstream Services [Member]        
Revenues        
Total revenues 29,342 15,566 57,264 30,172
Operating expenses        
Expenses 7,688 3,263 15,673 6,590
Well Services [Member]        
Revenues        
Total revenues 18,496 11,801 30,082 17,428
Operating expenses        
Expenses $ 13,560 $ 9,010 $ 20,947 $ 13,570