Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.7.0.1
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Income Statement [Abstract]    
Revenues $ 124,393 $ 77,715
Operating costs and expenses:    
Lease operating expenses 40,164 44,469
Production taxes 515 526
Gathering and transportation 6,209 5,092
Depreciation, depletion, amortization and accretion 39,990 63,733
Ceiling test write-down of oil and natural gas properties   116,559
General and administrative expenses 13,274 16,443
Derivative gain (3,955) (2,493)
Total costs and expenses 96,197 244,329
Operating income (loss) 28,196 (166,614)
Interest expense:    
Incurred 11,294 27,814
Capitalized   (343)
Other expense, net 191 1,306
Income (loss) before income tax benefit 16,711 (195,391)
Income tax benefit (7,588) (4,882)
Net income (loss) $ 24,299 $ (190,509)
Basic and diluted earnings (loss) per common share $ 0.17 $ (2.49)