v3.8.0.1
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended
Dec. 31, 2016
Dec. 31, 2014
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2016
Sep. 30, 2016
Jun. 30, 2016
Mar. 31, 2016
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2017
Dec. 31, 2016
Dec. 31, 2015
Sep. 30, 2017
Dec. 31, 2017
Dec. 31, 2016
Jun. 30, 2016
Jun. 30, 2015
Revenues                                        
Oil sales       $ 113,697 $ 118,484 $ 133,793             $ 252,277     $ 365,974 $ 481,922      
Natural gas liquids sales       2,209 2,370 2,227             4,597     6,806 8,542      
Natural gas sales       12,261 13,753 18,368             32,121     44,382 53,805      
(Loss) Gain on derivative financial instruments       (12,466) 9,412 3,698             13,110     644 (32,625)      
Total Revenues       115,701 144,019 158,086             302,105     417,806 511,644      
Costs and Expenses                                        
Lease operating       77,822 83,655 77,267             160,922     238,744 319,671      
Production taxes       471 482 239             721     1,192 1,355      
Gathering and transportation       (2,441) 2,678 11,222             13,900     11,459 21,666      
Pipeline facility fee       10,495 10,494 10,494             20,988     31,483 41,977      
Depreciation, depletion and amortization       36,131 38,685 41,896             80,581     116,712 150,151      
Accretion of asset retirement obligations       9,753 9,984 13,081             23,065     32,818 42,780      
Impairment of oil and natural gas properties $ 406,275   $ 145,100     40,774             40,774     40,774 185,860 $ 406,300    
General and administrative expense       15,026 20,716 23,848             42,320     57,346 72,057      
Reorganization items                         2,244     2,244 2,555      
Total Costs and Expenses 406,275     147,257 166,694 218,821             385,515     532,772 838,072      
Operating Loss (406,275)   (211,462) (31,556) (22,675) (60,735)             (83,410)     (114,966) (326,428)      
Other Income (Expense)                                        
Other income, net       52 80 22             102     154 254      
Interest expense       (3,653) (3,642) (3,834)             (7,476)     (11,129) (14,836)      
Total Other (Expense) Income, net       (3,601) (3,562) (3,812)             (7,374)     (10,975) (14,582)      
Loss Before Reorganization Items and Income Taxes (406,275)                               (341,010)      
(Loss) Income Before Income Taxes (406,275)     (35,157) (26,237) (64,547)             (90,784)     (125,941) (341,010)      
Income Tax Benefit                                 0      
Net (Loss) Income (406,275)   $ (215,069) $ (35,157) $ (26,237) $ (64,547)             $ (90,784) $ (406,275)   $ (125,941) (341,010)      
Net (Loss) Income Attributable to Common Stockholders $ (406,275)                               $ (341,010)      
(Loss) Earnings per Share                                        
Basic (in dollars per share) $ (12.23)                               $ (10.26)      
Diluted (in dollars per share) $ (12.23)                               $ (10.26)      
Weighted Average Number of Common Shares Outstanding                                        
Basic (in shares) 33,212                               33,239      
Diluted (in shares) 33,212                               33,239      
Basic and Diluted (in shares)       33,241 33,237 33,228             33,234     33,236        
Predecessor                                        
Revenues                                        
Oil sales                           256,050         $ 532,505 $ 1,025,017
Natural gas liquids sales                           3,533         14,852 27,714
Natural gas sales                           37,103         69,255 117,282
(Loss) Gain on derivative financial instruments                                     90,506 235,439
Total Revenues                           296,686         707,118 1,405,452
Costs and Expenses                                        
Lease operating                           136,578         328,183 449,972
Production taxes                           482         1,442 8,385
Gathering and transportation                           5,910         33,156 34,707
Pipeline facility fee                           20,330         40,659  
Depreciation, depletion and amortization                           60,202         339,539 705,521
Accretion of asset retirement obligations                           38,380         64,708 50,081
Impairment of oil and natural gas properties               $ 77,600 $ 143,100 $ 340,500 $ 1,425,800 $ 904,700   77,781 $ 2,330,500       2,814,028 2,421,884
Goodwill impairment   $ 329,300                                   329,293
General and administrative expense                           27,557         102,736 116,500
Total Costs and Expenses                           367,220         3,724,451 4,116,343
Operating Loss             $ 12,795 (83,329) (168,119) (417,866) (1,513,148) (918,200)   (70,534) (2,431,348)       (3,017,333) (2,710,891)
Other Income (Expense)                                        
Loss from equity method investees                                     (10,746) (17,165)
Other income, net                           117         3,596 4,176
Gain on early extinguishment of debt                   777,000 290,300 458,300     748,600       1,525,596  
Interest expense                           (12,580)         (405,658) (323,308)
Total Other (Expense) Income, net                           (12,463)         1,112,788 (336,297)
Loss Before Reorganization Items and Income Taxes                           (82,997)         (1,904,545) (3,047,188)
Reorganization items                           2,733,608         (14,201)  
(Loss) Income Before Income Taxes                           2,650,611 (1,883,924)       (1,918,746) (3,047,188)
Income Tax Benefit                             51       (87) (613,350)
Net (Loss) Income             2,771,349 (120,738) (195,460) 160,776 (1,310,583) (573,392)   2,650,611 (1,883,975)       (1,918,659) (2,433,838)
Preferred Stock Dividends                             5,664       5,194 11,468
Net (Loss) Income Attributable to Common Stockholders             $ 2,771,349 $ (120,738) $ (192,612) $ 158,398 $ (1,313,393) $ (576,246)   $ 2,650,611 $ (1,889,639)       $ (1,923,853) $ (2,445,306)
(Loss) Earnings per Share                                        
Basic (in dollars per share)             $ 28.04 $ (1.23) $ (1.97) $ 1.65 $ (13.81) $ (6.08)   $ 26.95 $ (19.91)       $ (20.08) $ (25.97)
Diluted (in dollars per share)             $ 26.45 $ (1.23) $ (1.97) $ 1.55 $ (13.81) $ (6.08)   $ 25.30 $ (19.91)       $ (20.08) $ (25.97)
Weighted Average Number of Common Shares Outstanding                                        
Basic (in shares)                           98,337 94,926       95,822 94,167
Diluted (in shares)                           104,787 94,926       95,822 94,167

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