XML 13 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Oil, natural gas and natural gas liquids sales:        
Oil $ 108,695   $ 231,216  
Natural gas 5,946   12,165  
Natural gas liquids 5,306   11,331  
Total oil, natural gas and natural gas liquids sales 119,947   254,712  
Other 190   1,023  
Total operating revenues 120,137   255,735  
Production:        
Lease operating 20,380   41,024  
Workover and other 7,128   18,569  
Taxes other than income 10,727   22,303  
Gathering and other 11,812   23,754  
Restructuring 50   805  
General and administrative 26,922   47,771  
Depletion, depreciation and accretion 31,962   64,848  
(Gain) loss on sale of oil and natural gas properties (4,500)   (235,690)  
Total operating expenses 104,481   (16,616)  
Income (loss) from operations 15,656   272,351  
Other income (expenses):        
Net gain (loss) on derivative contracts 24,156   50,554  
Interest expense and other, net (19,635)   (44,478)  
Gain (loss) on extinguishment of debt     (56,898)  
Total other income (expenses) 4,521   (50,822)  
Income (loss) before income taxes 20,177   221,529  
Income tax benefit (provision)     (12,000)  
Net income (loss) 20,177   209,529  
Non-cash preferred dividend (47,206)   (48,007)  
Net income (loss) available to common stockholders $ (27,029)   $ 161,522  
Net income (loss) per share of common stock:        
Basic (in dollars per share) $ (0.19)   $ 1.37  
Diluted (in dollars per share) $ (0.19)   $ 1.37  
Weighted average common shares outstanding:        
Basic (in shares) 143,545   117,554  
Diluted (in shares) 143,545   118,209  
Predecessor        
Oil, natural gas and natural gas liquids sales:        
Oil   $ 99,095   $ 174,062
Natural gas   3,159   6,901
Natural gas liquids   3,504   5,441
Total oil, natural gas and natural gas liquids sales   105,758   186,404
Other   389   1,092
Total operating revenues   106,147   187,496
Production:        
Lease operating   16,981   37,559
Workover and other   7,915   15,706
Taxes other than income   9,753   17,011
Gathering and other   10,519   21,903
Restructuring   189   5,073
General and administrative   24,708   66,324
Depletion, depreciation and accretion   39,671   94,937
Full cost ceiling impairment   257,869   754,769
Other operating property and equipment impairment       28,056
Total operating expenses   367,605   1,041,338
Income (loss) from operations   (261,458)   (853,842)
Other income (expenses):        
Net gain (loss) on derivative contracts   (54,523)   (35,781)
Interest expense and other, net   (58,322)   (106,113)
Gain (loss) on extinguishment of debt       81,434
Total other income (expenses)   (112,845)   (60,460)
Income (loss) before income taxes   (374,303)   (914,302)
Net income (loss)   (374,303)   (914,302)
Series A preferred dividends   (3,198)   (6,396)
Preferred dividends and accretion on redeemable noncontrolling interest   (4,852)   (28,517)
Net income (loss) available to common stockholders   $ (382,353)   $ (949,215)
Net income (loss) per share of common stock:        
Basic (in dollars per share)   $ (3.17)   $ (7.89)
Diluted (in dollars per share)   $ (3.17)   $ (7.89)
Weighted average common shares outstanding:        
Basic (in shares)   120,708   120,360
Diluted (in shares)   120,708   120,360