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STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenues      
Gain (Loss) on Derivative Instruments, Net $ (478,193,000) $ 228,141,000 $ (128,837,000)
Total Revenues 496,899,000 552,210,000 472,402,000
Operating Expenses      
Production Expenses 170,817,000 116,336,000 118,899,000
Production Taxes 76,954,000 29,783,000 57,771,000
General and Administrative Expenses 30,341,000 18,546,000 23,624,000
Depletion, Depreciation, Amortization and Accretion 140,828,000 162,120,000 210,201,000
Impairment of Other Current Assets 0 0 6,398,000
Impairment Expense 0 1,066,668,000 0
Total Operating Expenses 418,940,000 1,393,453,000 416,893,000
Income (Loss) From Operations 77,959,000 (841,243,000) 55,509,000
Other Income (Expense)      
Interest Expense, Net of Capitalization (59,020,000) (58,503,000) (79,229,000)
Write-off of Debt Issuance Costs 0 (1,543,000) 0
Gain (Loss) on Unsettled Interest Rate Derivatives 1,043,000 (1,019,000) 0
Loss on the Extinguishment of Debt (13,087,000) (3,718,000) (23,187,000)
Debt Exchange Derivative Gain (Loss) 0 0 1,390,000
Contingent Consideration Loss (292,000) (169,000) (29,512,000)
Financing Expense 0 0 (1,447,000)
Other Income (Expense) (9,000) (12,000) 158,000
Total Other Income (Expense) (71,365,000) (64,964,000) (131,827,000)
Income (Loss) Before Income Taxes 6,594,000 (906,207,000) (76,318,000)
Income Tax Expense (Benefit) 233,000 (166,000) 0
Net Income (Loss) 6,361,000 (906,041,000) (76,318,000)
Cumulative Preferred Stock Dividend (14,761,000) (15,266,000) (1,029,000)
Net Loss Attributable to Common Shareholders $ (8,400,000) $ (921,307,000) $ (77,347,000)
Net Loss Per Common Share - Basic (in dollars per share) $ (0.13) $ (21.55) $ (2.00)
Net Loss Per Common Share - Diluted (in dollars per share) $ (0.13) $ (21.55) $ (2.00)
Weighted Average Shares Outstanding - Basic (in shares) 62,989,543 42,744,639 38,708,460
Weighted Average Shares Outstanding - Diluted (in shares) 62,989,543 42,744,639 38,708,460
Oil and Natural Gas Sales      
Revenues      
Revenues $ 975,089,000 $ 324,052,000 $ 601,218,000
Other Revenue      
Revenues      
Revenues $ 3,000 $ 17,000 $ 21,000