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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenues:    
Total revenues $ 32,343 $ 47,740
Operating expenses:    
Lease operating and workover expense 8,160 10,128
Gathering, processing and transportation expense 3,614 2,825
Production taxes 2,012 3,129
Exploration expense 149 15
Depreciation, depletion and amortization expense 24,354 21,504
Impairment expense   3,330
General and administrative expense 5,550 5,289
(Gain) loss on commodity derivative financial instruments (95,863) 33,343
Other expense (income), net 181 (19)
Total operating expenses (51,843) 79,544
Income (loss) from operations: 84,186 (31,804)
Other expense    
Interest expense (12,377) (9,779)
Total other expense (12,377) (9,779)
Income (loss) before income taxes 71,809 (41,583)
Income taxes    
Current benefit (expense) 83  
Deferred benefit (expense) (11,650) 4,374
Total income tax benefit (expense) (11,567) 4,374
Net income (loss) $ 60,242 $ (37,209)
Income (loss) per common share    
Basic $ 8.76 $ (5.41)
Diluted $ 8.76 $ (5.41)
Weighted average shares outstanding    
Basic 6,874,848 6,873,950
Diluted 6,874,854 6,873,950
Comprehensive income (loss)    
Net income (loss) $ 60,242 $ (37,209)
Other comprehensive income (loss):    
Foreign currency translation 428 (22)
Total comprehensive income (loss) 60,670 (37,231)
Oil sales    
Revenues:    
Total revenues 28,356 40,796
Natural gas sales    
Revenues:    
Total revenues 2,187 3,278
Natural gas liquid sales    
Revenues:    
Total revenues $ 1,800 $ 3,666