| Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 |
|---|---|---|---|---|---|---|---|---|
REVENUES: | ||||||||
Sales and marketing revenues | ||||||||
25,713 | - | - | - | - | - | - | - | - |
Total revenues | ||||||||
1,056,914 | 740,331 | 431,326 | - | - | - | - | - | - |
Oil sales | ||||||||
- | - | - | 307,971 | 538,887 | 290,322 | 42,377 | 13,905 | - |
Oil sales | ||||||||
- | - | - | - | - | - | - | - | 4,404 |
Natural gas liquid sales | ||||||||
- | - | - | 69,011 | 66,989 | 13,013 | 15 | 22 | - |
Natural gas sales | ||||||||
- | - | - | 98,797 | 60,188 | 11,085 | 766 | 589 | 149 |
Total revenues | ||||||||
- | - | - | 475,779 | 666,064 | 314,420 | 43,158 | 14,516 | 4,553 |
OPERATING COSTS AND EXPENSES: | ||||||||
Oil and natural gas production expenses | ||||||||
305,515 | 244,461 | 155,660 | - | - | - | - | - | - |
Oil and natural gas production expenses | ||||||||
- | - | - | - | 93,581 | 35,669 | 3,401 | 1,628 | 391 |
Oil and natural gas production expenses | ||||||||
- | - | - | 154,672 | - | - | - | - | - |
Exploration expenses | ||||||||
3,295 | 5,755 | 403 | 1,982 | - | - | - | - | - |
Sales and marketing expenses | ||||||||
23,832 | - | - | - | - | - | - | - | - |
Production and ad valorem taxes | ||||||||
56,462 | 36,615 | 19,633 | 26,870 | 37,787 | 17,334 | 2,124 | 830 | 214 |
Depreciation, depletion, amortization and accretion | ||||||||
262,481 | 177,078 | 147,485 | 264,379 | 338,097 | 134,845 | 15,922 | 4,252 | 1,428 |
Impairment of oil and natural gas properties | ||||||||
14,386 | 39,574 | 47,381 | 723,971 | 213,821 | 0 | 0 | - | - |
Accretion | ||||||||
- | - | - | - | - | - | - | - | 2 |
General and administrative expense | ||||||||
98,002 | 144,401 | 110,081 | 74,160 | 63,692 | 47,951 | 37,239 | 5,368 | 5,276 |
Total operating costs and expenses | ||||||||
763,973 | 647,884 | 480,643 | 1,246,034 | 746,978 | 235,799 | 58,686 | 12,078 | 7,311 |
Operating income (loss) | ||||||||
292,941 | 92,447 | -49,317 | -770,255 | -80,914 | 78,621 | -15,528 | 2,438 | -2,758 |
Other income (expense): | ||||||||
Interest income | ||||||||
4,351 | 836 | 856 | 442 | 193 | - | - | - | - |
Other income (expense) | ||||||||
-8,001 | 11,102 | 134 | -2,605 | 96 | - | - | - | - |
Gain on sale of oil and natural gas properties | ||||||||
1,528 | 81,955 | 85,322 | - | - | - | - | - | - |
Interest income and other expense | ||||||||
- | - | - | - | - | 135 | - | - | - |
Interest and other income | ||||||||
- | - | - | - | - | - | 74 | 10 | - |
Interest expense | ||||||||
177,858 | 140,163 | 126,973 | 126,399 | 89,800 | 30,934 | 99 | - | - |
Earnings from equity investments | ||||||||
- | 779 | 3,466 | - | - | - | - | - | - |
Net gains (losses) on commodity derivatives | ||||||||
-27,756 | -6,100 | -53,149 | 172,886 | 137,205 | -16,938 | -742 | -480 | - |
Total other expense | ||||||||
-207,736 | -51,591 | -90,344 | 44,324 | 47,694 | - | - | - | - |
Income (loss) before income taxes | ||||||||
85,205 | 40,856 | -139,661 | -725,931 | -33,220 | - | - | - | - |
Total other income (expense) | ||||||||
- | - | - | - | - | -47,737 | -767 | -470 | - |
Income (loss) before income taxes | ||||||||
- | - | - | - | - | 30,884 | -16,295 | 1,968 | - |
Income tax benefit | ||||||||
- | -2,336 | 1,825 | 158 | -11,429 | 3,986 | - | - | - |
Net income (loss) | ||||||||
85,205 | 43,192 | -141,486 | -726,089 | -21,791 | 26,898 | -16,295 | 1,968 | -2,758 |
Less: | ||||||||
Preferred stock dividends | ||||||||
15,948 | 15,948 | 15,948 | 16,008 | 33,590 | - | 2,112 | - | - |
Preferred unit dividends and distributions | ||||||||
47,408 | 44,259 | - | - | - | - | - | - | - |
Preferred unit amortization | ||||||||
25,316 | 18,039 | - | - | - | - | - | - | - |
Preferred stock dividends | ||||||||
- | - | - | - | - | 18,525 | - | - | - |
Net income allocable to participating securities | ||||||||
- | - | - | - | - | 364 | - | - | - |
Net loss attributable to common stockholders | ||||||||
-3,467 | -35,054 | -157,434 | -742,097 | -55,381 | 8,009 | -18,407 | 1,968 | -2,758 |
Net loss per common share - basic and diluted (in dollars per share) | ||||||||
-0.04 | -0.46 | -2.67 | -12.97 | -1.06 | - | -0.56 | 0.09 | -0.12 |
Weighted average number of shares used to calculate net loss attributable to common stockholders - basic and diluted (in shares) | ||||||||
81,764 | 75,608 | 58,900 | 57,229 | 52,338 | - | 33,000 | 22,479 | 22,091 |
Net income (loss) per common share - basic (in dollars per share) | ||||||||
- | - | - | - | - | 0.22 | - | - | - |
Weighted average number of shares used to calculate net income (loss) attributable to common stockholders - basic (in shares) | ||||||||
- | - | - | - | - | 36,379 | - | - | - |
Weighted average number of shares used to calculate net income (loss) attributable to common stockholders - diluted ( in shares) | ||||||||
- | - | - | - | - | 36,379 | - | - | - |
Oil sales | ||||||||
Revenues | ||||||||
623,999 | 400,045 | 241,766 | - | - | - | - | - | - |
Natural gas liquid sales | ||||||||
Revenues | ||||||||
232,085 | 171,139 | 81,744 | - | - | - | - | - | - |
Natural gas sales | ||||||||
Revenues | ||||||||
175,117 | 169,147 | 107,816 | - | - | - | - | - | - |