Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands |
12 Months Ended |
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
| Operating revenues |
|
|
|
| Oil and gas sales |
$ 124,877
|
$ 194,555
|
$ 378,401
|
| Other revenues |
2,970
|
2,844
|
2,196
|
| Total operating revenues |
127,847
|
197,399
|
380,597
|
| Operating costs and expenses |
|
|
|
| Lease operating |
32,640
|
41,027
|
37,760
|
| Production and ad valorem taxes |
7,768
|
12,130
|
22,556
|
| Exploration |
6,673
|
6,551
|
3,453
|
| Depletion, depreciation and amortization |
153,930
|
205,498
|
181,669
|
| Accretion of ARO liability |
1,263
|
1,087
|
770
|
| General and administrative |
29,640
|
33,388
|
25,763
|
| Other operating |
199
|
4,188
|
|
| Total operating expenses |
232,113
|
303,869
|
271,971
|
| Operating income (loss) |
(104,266)
|
(106,470)
|
108,626
|
| Other income (expense) |
|
|
|
| Interest expense |
(53,127)
|
(64,458)
|
(41,875)
|
| Gain on debt extinguishment |
99,530
|
|
|
| Net gain (loss) on commodity derivatives |
(51,264)
|
158,753
|
189,641
|
| Other income (expense) |
536
|
317
|
(4,554)
|
| Other income (expense), net |
(4,325)
|
94,612
|
143,212
|
| Income (loss) before income tax |
(108,591)
|
(11,858)
|
251,838
|
| Income tax provision (benefit) |
|
|
|
| Current |
3,981
|
113
|
53
|
| Deferred |
(27,767)
|
(2,894)
|
26,165
|
| Total income tax provision (benefit) |
(23,786)
|
(2,781)
|
26,218
|
| Net income (loss) |
(84,805)
|
(9,077)
|
225,620
|
| Net income (loss) attributable to non-controlling interests |
(42,253)
|
(6,696)
|
184,484
|
| Net income (loss) attributable to controlling interests |
(42,552)
|
(2,381)
|
41,136
|
| Dividends and accretion on preferred stock |
(2,669)
|
|
|
| Net income (loss) attributable to common shareholders |
$ (45,221)
|
$ (2,381)
|
$ 41,136
|
| Earnings (loss) per share: |
|
|
|
| Basic - Net income (loss) attributable to common shareholders |
$ (1.13)
|
$ (0.09)
|
$ 3.28
|
| Diluted - Net income (loss) attributable to common shareholders |
$ (1.13)
|
$ (0.09)
|
$ 3.28
|
| Weighted average Class A shares outstanding: |
|
|
|
| Basic (in shares) |
40,009
|
26,816
|
12,526
|
| Diluted (in shares) |
40,009
|
26,816
|
12,535
|
| Class A common stock |
|
|
|
| Weighted average Class A shares outstanding: |
|
|
|
| Basic (in shares) |
40,009
|
26,816
|
12,526
|
| Diluted (in shares) |
40,009
|
26,816
|
12,535
|