Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.8.0.1
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Operating revenues:      
Total operating revenues $ 366,474 $ 200,851 $ 137,512
Operating expenses:      
Lease operating expenses 49,907 38,353 27,036
Production taxes 22,396 11,870 9,793
Depreciation, depletion and amortization 115,714 71,369 69,249
General and administrative 27,067 26,317 28,347
Settled share-based awards 6,351 0 0
Accretion expense 677 958 660
Write-down of oil and natural gas properties 0 95,788 208,435
Rig termination fee 0 0 3,075
Acquisition expense 2,916 3,673 27
Total operating expenses 225,028 248,328 346,622
Income (loss) from operations 141,446 (47,477) (209,110)
Other (income) expenses:      
Interest expense, net of capitalized amounts 2,159 11,871 21,111
Loss on early extinguishment of debt 0 12,883 0
(Gain) loss on derivative contracts 18,901 20,233 (28,358)
Other income (1,311) (637) (198)
Total other (income) expense 19,749 44,350 (7,445)
Income (loss) before income taxes 121,697 (91,827) (201,665)
Income tax (benefit) expense 1,273 (14) 38,474
Net income (loss) 120,424 (91,813) (240,139)
Preferred stock dividends (7,295) (7,295) (7,895)
Income (loss) available to common stockholders $ 113,129 $ (99,108) $ (248,034)
Income (loss) per common share:      
Basic (in dollars per share) $ 0.56 $ (0.78) $ (3.77)
Diluted (in dollars per share) $ 0.56 $ (0.78) $ (3.77)
Shares used in computing income (loss) per common share:      
Basic (in shares) 201,526 126,258 65,708
Diluted (in shares) 202,102 126,258 65,708
Oil sales      
Operating revenues:      
Total operating revenues $ 322,374 $ 177,652 $ 125,166
Natural gas sales      
Operating revenues:      
Total operating revenues $ 44,100 $ 23,199 $ 12,346