| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 |
|---|---|---|---|---|---|---|---|---|---|
Revenues: | |||||||||
Oil, NGL and natural gas sales | |||||||||
- | - | - | - | 431,734 | 737,203 | 664,844 | 583,569 | 506,255 | 239,783 |
Total revenues | |||||||||
837,281 | 1,105,775 | 822,162 | 597,378 | 606,640 | 793,885 | 665,257 | 583,894 | 506,347 | 242,000 |
Costs and expenses: | |||||||||
Lease operating expenses | |||||||||
90,786 | 91,289 | 75,049 | 75,327 | 108,341 | 96,503 | 79,136 | 67,325 | 43,306 | 21,684 |
Production and ad valorem taxes | |||||||||
40,712 | 49,457 | 37,802 | 28,586 | 32,892 | 50,312 | 42,396 | 37,637 | 31,982 | 15,699 |
Minimum volume commitments | |||||||||
- | - | - | - | - | 2,552 | 891 | - | - | - |
Natural gas volume commitment - affiliates | |||||||||
- | - | - | - | - | - | - | 0 | 0 | - |
Drilling rig fees | |||||||||
- | - | - | - | - | 527 | 0 | 0 | - | - |
Drilling and production | |||||||||
- | - | - | - | - | - | - | - | 2,675 | 340 |
General and administrative | |||||||||
54,729 | 96,138 | 96,312 | 91,756 | 90,425 | 106,044 | 89,696 | 62,106 | 51,064 | 30,908 |
Restructuring Charges | |||||||||
16,371 | 0 | 0 | - | 6,042 | 0 | 0 | - | - | - |
Accretion of asset retirement obligations | |||||||||
- | - | - | - | - | 1,787 | 1,475 | 1,200 | 616 | 475 |
Depletion, depreciation and amortization | |||||||||
265,746 | 212,677 | 158,389 | 148,339 | 277,724 | 246,474 | 233,944 | 241,072 | 174,119 | 97,411 |
Impairment expense | |||||||||
620,889 | 0 | 0 | 162,027 | 2,374,888 | 3,904 | 0 | 0 | - | 0 |
Other operating expenses | |||||||||
4,118 | 4,472 | 4,931 | 5,692 | 7,658 | - | - | - | - | - |
Total costs and expenses | |||||||||
1,245,872 | 757,283 | 572,490 | 685,340 | 3,078,154 | 567,499 | 450,906 | 411,954 | 303,827 | 169,018 |
Operating income (loss) | |||||||||
-408,591 | 348,492 | 249,672 | -87,962 | -2,471,514 | 226,386 | 214,351 | 171,940 | 202,520 | 72,982 |
Non-operating income (expense): | |||||||||
Commodity derivative financial instruments, net | |||||||||
- | - | - | - | - | - | - | - | - | 11,190 |
Gain (loss) on derivatives, net | |||||||||
79,151 | 42,984 | 350 | -87,425 | 214,291 | 327,920 | 79,902 | 8,800 | - | -5,375 |
Interest expense | |||||||||
61,547 | 57,904 | 89,377 | 93,298 | 103,219 | 121,173 | 100,327 | 85,572 | 50,580 | 18,482 |
Litigation settlement | |||||||||
42,500 | 0 | 0 | - | - | - | - | - | - | - |
Interest rate derivatives, net | |||||||||
- | - | - | - | - | - | -24 | -412 | - | - |
Income from equity method investee (see Note 4.d) | |||||||||
0 | 0 | 8,485 | 9,403 | 6,799 | -192 | 29 | 0 | 0 | - |
Equity Method Investment, Realized Gain (Loss) on Disposal | |||||||||
0 | 0 | 405,906 | 0 | 0 | - | - | - | - | - |
Interest and other income | |||||||||
- | - | - | - | 426 | 294 | 163 | 59 | 108 | 151 |
Gain (Loss) on Extinguishment of Debt | |||||||||
0 | 0 | -23,761 | 0 | -31,537 | 0 | 0 | - | - | - |
Loss on disposal of assets, net | |||||||||
-248 | -5,798 | -1,306 | -790 | -2,127 | -3,252 | -1,508 | -51 | -1 | -30 |
Write off of Deferred Debt Issuance Cost | |||||||||
935 | 0 | 0 | 842 | 0 | 124 | 1,502 | 0 | 6,195 | 0 |
Other income, net | |||||||||
4,623 | 1,070 | 805 | 175 | - | - | - | - | - | - |
Total non-operating income (expense), net | |||||||||
63,544 | -19,648 | 301,102 | -172,777 | 84,633 | 203,473 | -23,267 | -77,176 | -36,932 | -12,546 |
Income (loss) before income taxes | |||||||||
-345,047 | 328,844 | 550,774 | -260,739 | -2,386,881 | 429,859 | 191,084 | 94,764 | 165,588 | 60,436 |
Income tax (expense) benefit: | |||||||||
Current | |||||||||
0 | -807 | 1,800 | 0 | 0 | - | - | - | - | - |
Deferred | |||||||||
-2,588 | 5,056 | 0 | 0 | -176,945 | 164,286 | 74,507 | 33,003 | 59,612 | -25,812 |
Total income tax (expense) benefit | |||||||||
-2,588 | 4,249 | 1,800 | 0 | -176,945 | 164,286 | 74,507 | 33,003 | 59,612 | -25,812 |
Income (loss) from continuing operations | |||||||||
- | - | - | - | - | - | 116,577 | 61,761 | 105,976 | - |
Income from discontinued operations, net of tax | |||||||||
- | - | - | - | - | - | 1,423 | -107 | -422 | - |
Net Income (Loss) Attributable to Parent | |||||||||
-342,459 | 324,595 | 548,974 | -260,739 | -2,209,936 | 265,573 | 118,000 | 61,654 | 105,554 | 86,248 |
Net income (loss) per common share: | |||||||||
Earnings Per Share [Abstract] | |||||||||
Basic (in dollars per share) | |||||||||
- | - | - | - | -11.10 | - | 0.88 | 0.49 | 0.99 | - |
Income from discontinued operations, net of tax (in dollars per share) | |||||||||
- | - | - | - | - | - | 0.01 | 0.00 | -0.01 | - |
Basic (USD per share) | |||||||||
-1.48 | 1.40 | 2.30 | -1.16 | - | 1.88 | 0.89 | 0.49 | 0.98 | 0.00 |
Diluted (in dollars per share) | |||||||||
- | - | - | - | -11.10 | - | 0.87 | 0.48 | 0.98 | - |
Income from discontinued operations, net of tax (in dollars per share) | |||||||||
- | - | - | - | - | - | 0.01 | 0.00 | 0.00 | - |
Diluted (USD per share) | |||||||||
-1.48 | 1.39 | 2.29 | -1.16 | - | 1.85 | 0.88 | 0.48 | 0.98 | 0.00 |
Weighted-average common shares outstanding: | |||||||||
Weighted-average common shares outstanding: | |||||||||
Basic (shares) | |||||||||
231,295 | 232,339 | 239,096 | 225,512 | 199,158 | 141,312 | 132,490 | 126,957 | 107,187 | 0 |
Weighted Average Number of Shares Outstanding, Diluted | |||||||||
231,295 | 233,172 | 240,122 | 225,512 | 199,158 | 143,554 | 134,378 | 128,171 | 108,099 | 0 |
Oil sales | |||||||||
Total revenues | |||||||||
572,918 | 605,197 | 445,012 | 318,466 | - | - | - | - | - | - |
NGL sales | |||||||||
Total revenues | |||||||||
100,330 | 149,843 | 101,438 | 56,982 | - | - | - | - | - | - |
Natural gas sales | |||||||||
Total revenues | |||||||||
33,300 | 53,490 | 75,057 | 51,037 | - | - | - | - | - | - |
Midstream service revenues | |||||||||
Total revenues | |||||||||
11,928 | 8,987 | 10,517 | 8,342 | 6,548 | 2,245 | 413 | 325 | 92 | 2,217 |
Cost of goods and services sold | |||||||||
4,486 | 2,872 | 4,099 | 4,077 | 5,846 | 5,429 | 3,368 | 2,614 | - | - |
Sales of purchased oil | |||||||||
Total revenues | |||||||||
118,805 | 288,258 | 190,138 | 162,551 | 168,358 | 54,437 | 0 | 0 | - | - |
Cost of goods and services sold | |||||||||
122,638 | 288,674 | 195,908 | 169,536 | 174,338 | 53,967 | 0 | 0 | - | - |
Transportation and marketing expenses | |||||||||
Cost of goods and services sold | |||||||||
25,397 | 11,704 | 0 | 0 | - | - | - | - | 65 | 2,501 |