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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues        
Oil, natural gas and NGL $ 97,491 $ 80,540 $ 263,761 $ 263,235
Other 169 352 489 858
Total revenues 97,660 80,892 264,250 264,093
Expenses        
Production 23,429 26,765 68,927 76,997
Production taxes 5,636 3,606 14,725 9,435
Depreciation and depletion—oil and natural gas 33,090 31,029 92,048 87,486
Depreciation and amortization—other 3,036 3,399 9,229 10,729
Impairment 0 498 4,170 3,475
General and administrative 9,251 20,292 33,616 59,184
Accelerated vesting upon change in control 0 0 6,545 0
Proxy contest (459) 0 7,139 0
Employee termination benefits 23 0 32,653 4,815
Loss (gain) on derivative contracts 11,329 11,702 59,763 (46,024)
Other operating (income) expense (105) (132) (1,343) 135
Total expenses 85,230 97,159 327,472 206,232
Income (loss) from operations 12,430 (16,267) (63,222) 57,861
Other (expense) income        
Interest expense, net (627) (872) (2,226) (2,757)
Gain on extinguishment of debt 0 0 1,151 0
Other (expense) income, net (118) 197 972 2,222
Total other expense (745) (675) (103) (535)
Income (loss) before income taxes 11,685 (16,942) (63,325) 57,326
Income tax benefit (30) (8,457) (72) (8,496)
Net income (loss) $ 11,715 $ (8,485) $ (63,253) $ 65,822
Earnings (loss) per share        
Basic (in dollars per share) $ 0.33 $ (0.25) $ (1.81) $ 2.07
Diluted (in dollars per share) $ 0.33 $ (0.25) $ (1.81) $ 2.06
Weighted average number of common shares outstanding        
Basic (in shares) 35,308,000 34,290,000 34,971,000 31,750,000
Diluted (in shares) 35,330,000 34,290,000 34,971,000 31,984,000