CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($)
$ in Thousands |
3 Months Ended |
Mar. 31, 2018 |
Mar. 31, 2017 |
| Operating revenues |
|
|
| Oil and gas sales |
$ 215,898
|
$ 61,097
|
| Operating expenses |
|
|
| Lease operating expenses |
16,276
|
7,278
|
| Severance and ad valorem taxes |
14,173
|
3,187
|
| Gathering, processing and transportation expenses |
13,828
|
5,244
|
| Depreciation, depletion and amortization |
66,010
|
26,160
|
| Impairment and abandonment expenses |
0
|
(29)
|
| Exploration expense |
3,447
|
1,181
|
| General and administrative expenses |
14,297
|
10,884
|
| Total operating expenses |
128,031
|
53,905
|
| Income from operations |
87,867
|
7,192
|
| Other income (expense) |
|
|
| Gain (loss) on sale of oil and natural gas properties |
15
|
166
|
| Interest expense |
(5,813)
|
(410)
|
| Net gain (loss) on derivative instruments |
7,843
|
3,759
|
| Other income (expense) |
(3)
|
0
|
| Other income (expense) |
2,042
|
3,515
|
| Income before income taxes |
89,909
|
10,707
|
| Income tax expense |
19,137
|
0
|
| Net income |
70,772
|
10,707
|
| Less: Net income attributable to noncontrolling interest |
4,682
|
884
|
| Net income attributable to Class A Common Stock |
$ 66,090
|
$ 9,823
|
| Income per share of Class A Common Stock: |
|
|
| Basic (USD per share) |
$ 0.25
|
$ 0.04
|
| Diluted (USD per share) |
$ 0.25
|
$ 0.04
|