XML 23 R5.htm IDEA: XBRL DOCUMENT v3.22.4
STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues      
Oil and Gas Sales $ 1,985,798,000 $ 975,093,000 $ 324,069,000
Gain (Loss) on Commodity Derivatives, Net (415,262,000) (478,193,000) 228,141,000
Total Revenues 1,570,535,000 496,899,000 552,210,000
Operating Expenses      
Production Expenses 260,676,000 170,817,000 116,336,000
Production Taxes 158,194,000 76,954,000 29,783,000
General and Administrative Expenses 47,201,000 30,341,000 18,546,000
Depletion, Depreciation, Amortization and Accretion 251,272,000 140,828,000 162,120,000
Impairment of Other Current Assets 0    
Impairment Expense 0 0 1,066,668,000
Total Operating Expenses 717,343,000 418,940,000 1,393,453,000
Income (Loss) From Operations 853,192,000 77,959,000 (841,243,000)
Other Income (Expense)      
Interest Expense, Net of Capitalization (80,331,000) (59,020,000) (58,503,000)
Write-off of Debt Issuance Costs 0 0 (1,543,000)
Gain (Loss) on Interest Rate Derivatives, Net 993,000 1,043,000 (1,019,000)
Gain (Loss) on the Extinguishment of Debt, Net 810,000 (13,087,000) (3,718,000)
Contingent Consideration Gain (Loss) 1,859,000 (292,000) (169,000)
Other Income (Expense) (185,000) (9,000) (12,000)
Total Other Income (Expense) (76,854,000) (71,365,000) (64,964,000)
Income (Loss) Before Income Taxes 776,338,000 6,594,000 (906,207,000)
Income Tax Expense (Benefit) 3,101,000 233,000 (166,000)
Net Income (Loss) 773,237,000 6,361,000 (906,041,000)
Cumulative Preferred Stock Dividend (9,803,000) (14,761,000) (15,266,000)
Premium on Repurchase of Preferred Stock (35,731,000) 0 0
Net Income (Loss) Attributable to Common Stockholders $ 727,703,000 $ (8,400,000) $ (921,307,000)
Net Loss Per Common Share - Basic (in dollars per share) $ 9.26 $ (0.13) $ (21.55)
Net Loss Per Common Share - Diluted (in dollars per share) $ 8.92 $ (0.13) $ (21.55)
Weighted Average Shares Outstanding - Basic (in shares) 78,557,216 62,989,543 42,744,639
Weighted Average Shares Outstanding - Diluted (in shares) 86,675,365 62,989,543 42,744,639