Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands |
3 Months Ended |
6 Months Ended |
Jun. 30, 2017 |
Jun. 30, 2016 |
Jun. 30, 2017 |
Jun. 30, 2016 |
| Net revenues |
|
|
|
|
| Oil sales |
$ 70,735
|
|
$ 117,416
|
|
| Natural gas sales |
12,133
|
|
20,374
|
|
| NGL sales |
8,196
|
|
14,371
|
|
| Total net revenues |
91,064
|
|
152,161
|
|
| Operating expenses |
|
|
|
|
| Lease operating expenses |
8,273
|
|
15,551
|
|
| Severance and ad valorem taxes |
4,723
|
|
7,910
|
|
| Gathering, processing and transportation expenses |
7,403
|
|
12,647
|
|
| Depreciation, depletion and amortization |
34,300
|
|
60,460
|
|
| Abandonment expense and impairment of unproved properties |
0
|
|
(29)
|
|
| Exploration expense |
2,470
|
|
2,470
|
|
| General and administrative expenses |
10,641
|
|
22,706
|
|
| Total operating expenses |
67,810
|
|
121,715
|
|
| Total operating income (loss) |
23,254
|
|
30,446
|
|
| Other income (expense) |
|
|
|
|
| Gain (loss) on sale of oil and natural gas properties |
7,191
|
|
7,357
|
|
| Interest expense |
(707)
|
|
(1,117)
|
|
| Net gain (loss) on derivative instruments |
2,529
|
|
6,288
|
|
| Other income |
0
|
|
0
|
|
| Other income (expense) |
9,013
|
|
12,528
|
|
| Income (loss) before income taxes |
32,267
|
|
42,974
|
|
| Income tax (expense) benefit |
(9,069)
|
|
(9,069)
|
|
| Net income (loss) |
23,198
|
|
33,905
|
|
| Less: Net income attributable to noncontrolling interest |
2,436
|
|
3,320
|
|
| Net income (loss) attributable to common shareholders |
$ 20,762
|
|
$ 30,585
|
|
| Income per share: |
|
|
|
|
| Basic (USD per share) |
$ 0.09
|
|
$ 0.14
|
|
| Diluted (USD per share) |
$ 0.09
|
|
$ 0.14
|
|
| Predecessor |
|
|
|
|
| Net revenues |
|
|
|
|
| Oil sales |
|
$ 20,361
|
|
$ 33,587
|
| Natural gas sales |
|
1,775
|
|
3,088
|
| NGL sales |
|
1,211
|
|
1,793
|
| Total net revenues |
|
23,347
|
|
38,468
|
| Operating expenses |
|
|
|
|
| Lease operating expenses |
|
2,597
|
|
6,639
|
| Severance and ad valorem taxes |
|
1,247
|
|
2,091
|
| Gathering, processing and transportation expenses |
|
1,459
|
|
2,589
|
| Depreciation, depletion and amortization |
|
21,182
|
|
42,485
|
| Abandonment expense and impairment of unproved properties |
|
897
|
|
897
|
| Exploration expense |
|
262
|
|
517
|
| General and administrative expenses |
|
2,607
|
|
4,888
|
| Total operating expenses |
|
30,251
|
|
60,106
|
| Total operating income (loss) |
|
(6,904)
|
|
(21,638)
|
| Other income (expense) |
|
|
|
|
| Gain (loss) on sale of oil and natural gas properties |
|
0
|
|
(4)
|
| Interest expense |
|
(1,798)
|
|
(3,439)
|
| Net gain (loss) on derivative instruments |
|
(7,843)
|
|
(5,925)
|
| Other income |
|
6
|
|
6
|
| Other income (expense) |
|
(9,635)
|
|
(9,362)
|
| Income (loss) before income taxes |
|
(16,539)
|
|
(31,000)
|
| Income tax (expense) benefit |
|
406
|
|
406
|
| Net income (loss) |
|
(16,133)
|
|
(30,594)
|
| Less: Net income attributable to noncontrolling interest |
|
0
|
|
0
|
| Net income (loss) attributable to common shareholders |
|
$ (16,133)
|
|
$ (30,594)
|