| Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | ||
|---|---|---|---|---|---|---|
Revenues and other income: | ||||||
Oil sales | ||||||
- | - | - | 42,971 | 2,780 | ||
Natural gas sales | ||||||
- | - | - | 38,665 | 41,694 | ||
NGL sales | ||||||
- | - | - | 4,295 | 989 | ||
Other income | ||||||
2,052 | 1,431 | 2,131 | 404 | - | ||
Total operating revenues and other income | ||||||
947,386 | 427,187 | 127,342 | 86,335 | 45,463 | ||
Operating expenses: | ||||||
Lease operating expenses | ||||||
61,620 | 39,770 | 12,320 | - | - | ||
Gathering, processing and transportation | ||||||
9,856 | 11,897 | 6,581 | - | - | ||
Lease operating expenses | ||||||
- | - | - | 14,053 | 9,428 | ||
Gathering, processing and transportation | ||||||
- | - | - | 5,300 | 3,953 | ||
Taxes other than income tax | ||||||
52,410 | 24,158 | 6,814 | 5,510 | 2,584 | ||
Cost of oil sales | ||||||
- | - | - | - | 687 | ||
Depreciation, depletion and amortization | ||||||
296,685 | 168,250 | 81,757 | 56,244 | 15,297 | ||
Impairment of NLA Disposal Group (Note 3) | ||||||
214,274 | - | - | - | - | ||
Gain on sale of properties | ||||||
2,781 | - | -43 | - | - | ||
Impairment of proved oil and gas properties | ||||||
- | - | - | 9,312 | 24,721 | ||
General and administrative expenses | ||||||
65,710 | 40,663 | 23,973 | 15,903 | 5,838 | ||
Incentive unit compensation expense | ||||||
13,776 | - | - | - | - | ||
Exploration expense | ||||||
22,483 | 36,911 | 12,026 | 18,299 | 1,597 | ||
Other operating expense | ||||||
-1,064 | -73 | -99 | -914 | - | ||
Total operating expenses | ||||||
735,097 | 321,722 | 143,570 | 125,535 | 64,105 | ||
Income (loss) from operations | ||||||
212,289 | 105,465 | -16,228 | -39,200 | -18,642 | ||
Other income (expense): | ||||||
Interest expense, net | ||||||
-60,119 | -31,934 | -7,834 | -6,943 | -2,680 | ||
Debt extinguishment costs | ||||||
- | - | - | 0 | - | ||
Gain (loss) on derivative instruments | ||||||
35,393 | -55,483 | -26,771 | 13,854 | 6,514 | ||
North Louisiana settlement (Note 18) | ||||||
- | -7,000 | - | 0 | - | ||
Other income (expense) | ||||||
-859 | 8 | -1,818 | -147 | 213 | ||
Total other expense | ||||||
-25,585 | -94,409 | -36,423 | 6,764 | 4,047 | ||
Income (loss) before income taxes | ||||||
186,704 | 11,056 | -52,651 | -32,436 | -14,595 | ||
Income tax benefit (expense) | ||||||
40,196 | -38,824 | -5,575 | 604 | -158 | ||
Net income (loss) | ||||||
146,508 | 49,880 | -47,076 | -33,040 | -14,437 | ||
Net loss attributable to previous owners | ||||||
- | - | -2,681 | -3,085 | - | ||
Net loss attributable to predecessor | ||||||
- | - | -33,998 | -29,955 | -14,437 | ||
Net income (loss) available to WRD | ||||||
146,508 | 49,880 | -10,397 | 0 | - | ||
Preferred stock dividends | ||||||
28,862 | 13,146 | - | 0 | - | ||
Undistributed earnings allocated to participating securities | ||||||
30,344 | 5,612 | - | 0 | - | ||
Net income (loss) available to common stockholders | ||||||
87,302 | 31,122 | -10,397 | 0 | - | ||
Earnings per common share: | ||||||
Basic | ||||||
0.88 | 0.32 | -0.11 | 0.00 | - | ||
Diluted | ||||||
0.88 | 0.32 | -0.11 | 0.00 | - | ||
Weighted-average common shares outstanding: | ||||||
Basic | ||||||
99,498 | 96,324 | 91,327 | 0 | - | ||
Diluted | ||||||
99,498 | 96,324 | 91,327 | 0 | - | ||
Oil sales | ||||||
Revenues | ||||||
843,244 | 342,868 | 75,938 | - | - | ||
Natural gas sales | ||||||
Revenues | ||||||
60,129 | 59,924 | 43,487 | - | - | ||
Natural gas liquid sales | ||||||
Revenues | ||||||
41,961 | 22,964 | 5,786 | - | - | ||