Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations

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Consolidated Statements of Operations - USD ($)
 3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Revenues:    
Gas sales $ 131,094,000 $ 118,570,000
Oil and condensate sales 17,121,000 35,500,000
Natural gas liquid sales 8,746,000 22,007,000
Other income 2,000 240,000
Total revenues 156,963,000 176,317,000
Costs and expenses:    
Lease operating expenses 16,657,000 16,980,000
Production taxes 3,111,000 4,285,000
Midstream gathering and processing 37,652,000 25,381,000
Depreciation, depletion and amortization 65,477,000 89,909,000
Impairment of oil and gas properties 218,991,000 0
General and administrative 10,620,000 10,799,000
Accretion expense 247,000 190,000
Total costs and expenses 352,755,000 147,544,000
(LOSS) INCOME FROM OPERATIONS (195,792,000) 28,773,000
OTHER (INCOME) EXPENSE:    
Interest expense 16,023,000 8,759,000
Interest income (94,000) (9,000)
Loss (income) from equity method investments 30,737,000 (19,975,000)
Total Other (Income) Expense 46,666,000 (11,225,000)
(LOSS) INCOME BEFORE INCOME TAXES (242,458,000) 39,998,000
INCOME TAX (BENEFIT) EXPENSE (191,000) 14,479,000
NET (LOSS) INCOME $ (242,267,000) $ 25,519,000
NET (LOSS) INCOME PER COMMON SHARE:    
Basic (in usd per share) $ (2.17) $ 0.30
Diluted (in usd per share) $ (2.17) $ 0.30
Weighted average common shares outstanding - Basic (shares) 111,509,585 85,679,606
Weighted average common shares outstanding-Diluted (shares) 111,509,585 86,120,030