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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues        
Oil, natural gas and NGL $ 79,304 $ 84,546 $ 166,270 $ 182,695
Other 158 305 320 506
Total revenues 79,462 84,851 166,590 183,201
Expenses        
Production 20,785 25,209 45,498 50,232
Production taxes 4,389 2,653 9,089 5,829
Depreciation and depletion—oil and natural gas 30,961 29,477 58,958 56,457
Depreciation and amortization—other 3,040 3,493 6,193 7,330
Impairment 0 446 4,170 2,977
General and administrative 10,343 19,354 24,365 38,892
Accelerated vesting upon change in control 6,545 0 6,545 0
Proxy contest 7,191 0 7,598 0
Employee termination benefits 1,043 4,415 32,630 4,815
Loss (gain) on derivative contracts 30,104 (23,543) 48,434 (57,726)
Other operating (expense) income (1,254) (1) (1,238) 267
Total expenses 113,147 61,503 242,242 109,073
(Loss) income from operations (33,685) 23,348 (75,652) 74,128
Other (expense) income        
Interest expense, net (651) (946) (1,599) (1,885)
Gain on extinguishment of debt 0 0 1,151 0
Other income, net 217 1,055 1,090 2,025
Total other (expense) income (434) 109 642 140
(Loss) income before income taxes (34,119) 23,457 (75,010) 74,268
Income tax benefit (45) (42) (42) (39)
Net (loss) income $ (34,074) $ 23,499 $ (74,968) $ 74,307
(Loss) earnings per share        
Basic (in dollars per share) $ (0.97) $ 0.69 $ (2.15) $ 2.44
Diluted (in dollars per share) $ (0.97) $ 0.69 $ (2.15) $ 2.42
Weighted average number of common shares outstanding        
Basic (in shares) 35,017,000 34,076,000 34,800,000 30,458,000
Diluted (in shares) 35,017,000 34,138,000 34,800,000 30,650,000