Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations

v3.7.0.1
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Operating revenues:        
Total operating revenues $ 82,283 $ 45,145 $ 163,647 $ 75,843
Operating expenses:        
Lease operating expenses 12,145 7,311 25,084 14,268
Production taxes 4,820 2,455 10,723 4,675
Depreciation, depletion and amortization 26,213 16,293 50,646 32,015
General and administrative 6,430 6,302 11,636 11,864
Settled share-based awards 6,351 0 6,351 0
Accretion expense 208 395 392 575
Write-down of oil and natural gas properties 0 61,012 0 95,788
Acquisition expense 2,373 1,906 2,822 1,954
Total operating expenses 58,540 95,674 107,654 161,139
Income (loss) from operations 23,743 (50,529) 55,993 (85,296)
Other (income) expenses:        
Interest expense, net of capitalized amounts 589 4,180 1,254 9,671
(Gain) loss on derivative contracts (10,494) 15,484 (25,797) 16,416
Other income (64) (96) (772) (177)
Total other (income) expense (9,969) 19,568 (25,315) 25,910
Income (loss) before income taxes 33,712 (70,097) 81,308 (111,206)
Income tax expense 322 0 789 0
Net income (loss) 33,390 (70,097) 80,519 (111,206)
Preferred stock dividends (1,824) (1,823) (3,647) (3,647)
Income (loss) available to common stockholders $ 31,566 $ (71,920) $ 76,872 $ (114,853)
Income (loss) per common share:        
Basic (in dollars per share) $ 0.16 $ (0.61) $ 0.38 $ (1.14)
Diluted (in dollars per share) $ 0.16 $ (0.61) $ 0.38 $ (1.14)
Shares used in computing income (loss) per common share:        
Basic (in shares) 201,386 118,209 201,220 100,895
Diluted (in shares) 201,905 118,209 201,823 100,895
Oil sales        
Operating revenues:        
Total operating revenues $ 72,885 $ 40,555 $ 144,893 $ 67,998
Natural gas sales        
Operating revenues:        
Total operating revenues $ 9,398 $ 4,590 $ 18,754 $ 7,845