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CONDENSED CONSOLIDATED STATEMENTS 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
Revenues        
Oil, natural gas and NGL $ 99,934 $ 165,135 $ 279,971 $ 575,399
Midstream and marketing 3,004 8,838 10,545 26,208
Drilling and services 886 4,572 2,342 19,658
Other 232 1,607 951 3,802
Total revenues 104,056 180,152 293,809 625,067
Expenses        
Production 39,640 72,884 129,608 244,158
Production taxes 2,278 3,652 6,107 12,548
Cost of sales 563 4,323 5,302 22,034
Midstream and marketing 0 6,633 1,840 22,464
Depreciation and depletion—oil and natural gas 26,335 66,501 86,613 266,906
Depreciation and amortization—other 7,514 11,379 21,323 37,234
Accretion of asset retirement obligations 1,390 1,132 4,365 3,323
Impairment 354,451 1,074,588 718,194 3,647,845
General and administrative 29,145 34,233 134,447 108,764
(Gain) loss on derivative contracts (338) (42,211) 4,823 (59,034)
Loss on settlement of contract 0 0 90,184 0
Loss (gain) on sale of assets 416 6,771 (2,794) 2,097
Total expenses 461,394 1,239,885 1,200,012 4,308,339
Loss from operations (357,338) (1,059,733) (906,203) (3,683,272)
Other (expense) income        
Interest expense (excludes $36.9 and $74.5 million of contractual interest expense on debt subject to compromise for the three and nine month-periods ended September 30, 2016) (3,343) (77,000) (126,099) (213,569)
Gain on extinguishment of debt 0 340,699 41,179 358,633
Reorganization items, net (42,754) 0 (243,672) 0
Other (expense) income, net (898) (426) 1,332 1,208
Total other (expense) income (46,995) 263,273 (327,260) 146,272
Loss before income taxes (404,333) (796,460) (1,233,463) (3,537,000)
Income tax expense 4 25 11 90
Net loss (404,337) (796,485) (1,233,474) (3,537,090)
Less: net loss attributable to noncontrolling interest 0 (156,073) 0 (493,243)
Net loss attributable to SandRidge Energy, Inc. (404,337) (640,412) (1,233,474) (3,043,847)
Preferred stock dividends 0 9,114 16,321 27,069
Loss applicable to SandRidge Energy, Inc. common stockholders $ (404,337) $ (649,526) $ (1,249,795) $ (3,070,916)
Loss per share        
Basic (in dollars per share) $ (0.56) $ (1.23) $ (1.76) $ (6.14)
Diluted (in dollars per share) $ (0.56) $ (1.23) $ (1.76) $ (6.14)
Weighted average number of common shares outstanding        
Basic (in shares) 718,373 526,388 708,788 500,077
Diluted (in shares) 718,373 526,388 708,788 500,077