Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands |
3 Months Ended |
9 Months Ended |
Sep. 30, 2017 |
Sep. 30, 2016 |
Sep. 30, 2017 |
Sep. 30, 2016 |
| Net revenues |
|
|
|
|
| Oil sales |
$ 87,286
|
|
$ 204,702
|
|
| Natural gas sales |
12,852
|
|
33,226
|
|
| NGL sales |
11,473
|
|
25,844
|
|
| Total net revenues |
111,611
|
|
263,772
|
|
| Operating expenses |
|
|
|
|
| Lease operating expenses |
11,373
|
|
26,924
|
|
| Severance and ad valorem taxes |
6,448
|
|
14,358
|
|
| Gathering, processing and transportation expenses |
9,925
|
|
22,572
|
|
| Depreciation, depletion and amortization |
42,387
|
|
102,847
|
|
| Impairment and abandonment expenses |
0
|
|
(29)
|
|
| Exploration expense |
1,622
|
|
4,092
|
|
| General and administrative expenses |
13,311
|
|
36,017
|
|
| Total operating expenses |
85,066
|
|
206,781
|
|
| Total operating income (loss) |
26,545
|
|
56,991
|
|
| Other income (expense) |
|
|
|
|
| Gain (loss) on sale of oil and natural gas properties |
(141)
|
|
7,216
|
|
| Interest expense |
(1,015)
|
|
(2,132)
|
|
| Net gain (loss) on derivative instruments |
(896)
|
|
5,392
|
|
| Other income |
0
|
|
0
|
|
| Other income (expense) |
(2,052)
|
|
10,476
|
|
| Income (loss) before income taxes |
24,493
|
|
67,467
|
|
| Income tax (expense) benefit |
(8,233)
|
|
(17,302)
|
|
| Net income (loss) |
16,260
|
|
50,165
|
|
| Less: Net income attributable to noncontrolling interest |
1,813
|
|
5,133
|
|
| Net income (loss) attributable to common shareholders |
$ 14,447
|
|
$ 45,032
|
|
| Income per share: |
|
|
|
|
| Basic (USD per share) |
$ 0.06
|
|
$ 0.20
|
|
| Diluted (USD per share) |
$ 0.06
|
|
$ 0.19
|
|
| Predecessor |
|
|
|
|
| Net revenues |
|
|
|
|
| Oil sales |
|
$ 23,388
|
|
$ 56,975
|
| Natural gas sales |
|
2,629
|
|
5,717
|
| NGL sales |
|
1,304
|
|
3,097
|
| Total net revenues |
|
27,321
|
|
65,789
|
| Operating expenses |
|
|
|
|
| Lease operating expenses |
|
3,656
|
|
10,295
|
| Severance and ad valorem taxes |
|
1,432
|
|
3,523
|
| Gathering, processing and transportation expenses |
|
1,787
|
|
4,375
|
| Depreciation, depletion and amortization |
|
18,454
|
|
60,939
|
| Impairment and abandonment expenses |
|
1,649
|
|
2,546
|
| Exploration expense |
|
402
|
|
920
|
| General and administrative expenses |
|
4,848
|
|
9,735
|
| Total operating expenses |
|
32,228
|
|
92,333
|
| Total operating income (loss) |
|
(4,907)
|
|
(26,544)
|
| Other income (expense) |
|
|
|
|
| Gain (loss) on sale of oil and natural gas properties |
|
15
|
|
11
|
| Interest expense |
|
(1,983)
|
|
(5,422)
|
| Net gain (loss) on derivative instruments |
|
1,741
|
|
(4,184)
|
| Other income |
|
0
|
|
6
|
| Other income (expense) |
|
(227)
|
|
(9,589)
|
| Income (loss) before income taxes |
|
(5,134)
|
|
(36,133)
|
| Income tax (expense) benefit |
|
0
|
|
406
|
| Net income (loss) |
|
(5,134)
|
|
(35,727)
|
| Less: Net income attributable to noncontrolling interest |
|
0
|
|
0
|
| Net income (loss) attributable to common shareholders |
|
$ (5,134)
|
|
$ (35,727)
|