v3.19.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
2 Months Ended 10 Months Ended 12 Months Ended
Dec. 31, 2016
Oct. 20, 2016
Dec. 31, 2018
Dec. 31, 2017
REVENUES:        
Gains on commodity derivative contracts-net     $ 3,555 $ 3,659
Revenues, Total $ 48,525   208,637 228,753
EXPENSES:        
Lease operating and workover 15,324   54,229 63,287
Gathering and transportation (Note 5) 3,194   241 14,507
Severance and other taxes 1,286   11,680 8,869
Asset retirement accretion 210   846 1,100
Depreciation, depletion, and amortization 12,974   62,000 65,832
Impairment in carrying value of oil and gas properties       125,300
General and administrative 4,864   24,540 29,352
Debt restructuring costs and advisory fees     850  
Total expenses 37,852   154,386 308,247
OPERATING INCOME (LOSS) 10,673   54,251 (79,494)
OTHER INCOME (EXPENSE):        
Interest income     33 9
Interest expense-net of amounts capitalized (Predecessor Period excludes interest expense of $89.5 million on senior and secured notes) (743)   (4,500) (5,592)
Total other income (expense) (743)   (4,467) (5,583)
INCOME (LOSS) BEFORE TAXES 9,930   49,784 (85,077)
NET INCOME (LOSS) 9,930   49,784 (85,077)
Participating securities-non-vested restricted stock (280)   (1,394)  
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS $ 9,650   $ 48,390 $ (85,077)
Basic and diluted net income (loss) per share attributable to common shareholders $ 0.39   $ 1.91 $ (3.39)
Basic and diluted weighted average number of common shares outstanding (Note 15) 25,009   25,337 25,119
Revenue from contracts with customers        
REVENUES:        
Revenues, Total $ 48,525   $ 205,082 $ 225,094
Oil        
REVENUES:        
Revenues, Total 25,549   123,945 117,083
Natural gas liquid        
REVENUES:        
Revenues, Total 8,391   44,747 44,112
Natural gas        
REVENUES:        
Revenues, Total 13,635   32,138 59,708
Other        
REVENUES:        
Revenues, Total $ 950   $ 4,252 $ 4,191
Predecessor        
REVENUES:        
Revenues, Total   $ 193,228    
EXPENSES:        
Lease operating and workover   52,803    
Gathering and transportation (Note 5)   14,362    
Severance and other taxes   5,210    
Asset retirement accretion   1,414    
Depreciation, depletion, and amortization   62,302    
Impairment in carrying value of oil and gas properties   232,108    
General and administrative   22,362    
Debt restructuring costs and advisory fees   7,590    
Total expenses   398,151    
OPERATING INCOME (LOSS)   (204,923)    
OTHER INCOME (EXPENSE):        
Interest income   81    
Interest expense-net of amounts capitalized (Predecessor Period excludes interest expense of $89.5 million on senior and secured notes)   (66,360)    
Reorganization items, net (Note 3)   1,594,281    
Total other income (expense)   1,528,002    
INCOME (LOSS) BEFORE TAXES   1,323,079    
NET INCOME (LOSS)   1,323,079    
Participating securities-non-vested restricted stock   (16,522)    
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS   $ 1,306,557    
Basic and diluted net income (loss) per share attributable to common shareholders   $ 122.74    
Basic and diluted weighted average number of common shares outstanding (Note 15)   10,645    
Predecessor | Revenue from contracts with customers        
REVENUES:        
Revenues, Total   $ 193,228    
Predecessor | Oil        
REVENUES:        
Revenues, Total   112,628    
Predecessor | Natural gas liquid        
REVENUES:        
Revenues, Total   27,473    
Predecessor | Natural gas        
REVENUES:        
Revenues, Total   48,318    
Predecessor | Other        
REVENUES:        
Revenues, Total   $ 4,809    

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