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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues:        
Net commodity sales $ 66,707 $ 58,427 $ 115,326 $ 116,316
Sublease revenue 1,198 1,198 2,396 2,396
Total revenues 67,905 59,625 117,722 118,712
Costs and expenses:        
Lease operating 13,371 15,009 25,665 29,552
Production taxes 3,802 2,768 6,682 5,445
Depreciation, depletion and amortization 30,282 20,407 53,997 41,513
Impairment of oil and gas assets 63,593 0 113,315 0
Impairment of other assets 6,407 0 6,407 0
General and administrative 7,315 8,190 15,628 19,697
Cost reduction initiatives 0 824 0 824
Other 403 403 806 1,231
Total costs and expenses 125,173 47,601 222,500 98,262
Operating (loss) income (57,268) 12,024 (104,778) 20,450
Non-operating income (expense):        
Interest expense (5,571) (1,739) (10,135) (3,110)
Derivative gains (losses) 17,734 (32,286) (33,282) (48,787)
Gain (loss) on sale of assets 491 469 490 (575)
Other (expense) income, net (302) 19 (288) 104
Net non-operating income (expense) 12,352 (33,537) (43,215) (52,368)
Reorganization items, net (313) (480) (776) (1,517)
Loss before income taxes (45,229) (21,993) (148,769) (33,435)
Income tax expense 0 0 0 0
Net loss $ (45,229) $ (21,993) $ (148,769) $ (33,435)
Earnings per share:        
Basic for Class A and Class B (in dollars per share) [1] $ (0.99) $ (0.49) $ (3.27) $ (0.74)
Diluted for Class A and Class B (in dollars per share) [1] $ (0.99) $ (0.49) $ (3.27) $ (0.74)
Weighted average shares used to compute earnings per share:        
Basic for Class A and Class B (in shares) [1] 45,641,797 45,338,650 45,549,518 45,241,513
Diluted for Class A and Class B (in shares) [1] 45,641,797 45,338,650 45,549,518 45,241,513
[1] See “Note 2: Earnings per share.”