Consolidated Statements of Operations - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2018 |
Jun. 30, 2017 |
Jun. 30, 2018 |
Jun. 30, 2017 |
|
| Revenues | ||||
| Gain (loss) on derivative financial instruments | $ (26,045) | $ 9,412 | $ (38,879) | $ 13,110 |
| Total Revenues | 116,739 | 144,019 | 238,910 | 302,105 |
| Costs and Expenses | ||||
| Lease operating | 79,296 | 83,655 | 161,318 | 160,922 |
| Production taxes | 371 | 482 | 1,577 | 721 |
| Gathering and transportation | 3,119 | 2,678 | 7,175 | 13,900 |
| Pipeline facility fee | 10,494 | 10,494 | 20,988 | 20,988 |
| Depreciation, depletion and amortization | 27,555 | 38,685 | 54,966 | 80,581 |
| Accretion of asset retirement obligations | 11,197 | 9,984 | 22,315 | 23,065 |
| Impairment of oil and natural gas properties | 40,774 | |||
| General and administrative expense | 15,568 | 20,716 | 30,700 | 42,320 |
| Reorganization items | 113 | 349 | 2,244 | |
| Total Costs and Expenses | 147,713 | 166,694 | 299,388 | 385,515 |
| Operating Loss | (30,974) | (22,675) | (60,478) | (83,410) |
| Other Income (Expense) | ||||
| Other income, net | 191 | 80 | 334 | 102 |
| Interest expense | (3,252) | (3,642) | (6,946) | (7,476) |
| Total Other Expense, net | (3,061) | (3,562) | (6,612) | (7,374) |
| Loss Before Income Taxes | (34,035) | (26,237) | (67,090) | (90,784) |
| Net Loss | $ (34,035) | $ (26,237) | $ (67,090) | $ (90,784) |
| Net Loss per Share | ||||
| Basic and Diluted (in dollars per share) | $ (1.02) | $ (0.79) | $ (2.01) | $ (2.73) |
| Weighted Average Number of Common Shares Outstanding | ||||
| Basic and Diluted (in shares) | 33,427 | 33,237 | 33,367 | 33,234 |
| Oil sales | ||||
| Revenues | ||||
| Revenues | $ 133,180 | $ 118,484 | $ 256,968 | $ 252,277 |
| Natural gas liquids sales | ||||
| Revenues | ||||
| Revenues | 1,076 | 2,370 | 2,419 | 4,597 |
| Natural gas sales | ||||
| Revenues | ||||
| Revenues | 6,261 | $ 13,753 | 14,643 | $ 32,121 |
| Other revenue | ||||
| Revenues | ||||
| Revenues | $ 2,267 | $ 3,759 | ||
| X | ||||||||||
- Definition Net cost incurred related to the gas activities, such as transportation, marketing and processing crude oil, natural gas and refined petroleum products. Includes royalty refunds. No definition available.
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- Definition The amount of Pipeline facility fee. No definition available.
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount of expense (income) related to reorganization items classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Aggregate net gain (loss) on all derivative instruments recognized in earnings during the period, before tax effects. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The expense recorded to reduce the value of oil and gas assets consisting of proved properties and unproved properties as the estimate of future successful production from these properties is reduced. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition Amount of operating lease expense. Excludes sublease income. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition A tax assessed on oil and gas production. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Accretion expense of asset retirement obligations related to oil and gas producing activities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Average number of shares or units issued and outstanding that are used in calculating basic and diluted earnings per share (EPS). No definition available.
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- References No definition available.
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