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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues:        
Net commodity sales $ 51,838 $ 65,519 $ 167,164 $ 181,835
Sublease revenue 799 1,199 3,195 3,595
Total revenues 52,637 66,718 170,359 185,430
Costs and expenses:        
Lease operating 12,372 12,493 38,037 42,045
Production taxes 2,925 4,028 9,607 9,473
Depreciation, depletion and amortization 28,021 22,252 82,018 63,765
Impairment of oil and gas assets 147,686 0 261,001 0
Impairment of other assets 0 0 6,407 0
General and administrative 7,809 9,021 23,437 28,718
Cost reduction initiatives 0 210 0 1,034
Other 269 402 1,075 1,633
Total costs and expenses 199,082 48,406 421,582 146,668
Operating (loss) income (146,445) 18,312 (251,223) 38,762
Non-operating income (expense):        
Interest expense (5,994) (4,205) (16,129) (7,315)
Derivative gains (losses) 23,601 (23,677) (9,681) (72,464)
Gain (loss) on sale of assets 141 (2,024) 631 (2,599)
Loss on extinguishment of debt (1,624) 0 (1,624) 0
Other (expense) income, net (84) 19 (372) 123
Net non-operating income (expense) 16,040 (29,887) (27,175) (82,255)
Reorganization items, net (530) (493) (1,306) (2,010)
Loss before income taxes (130,935) (12,068) (279,704) (45,503)
Income tax expense 0 0 0 0
Net loss $ (130,935) $ (12,068) $ (279,704) $ (45,503)
Earnings per share:        
Basic for Class A and Class B (in dollars per share) [1] $ (2.86) $ (0.27) $ (6.13) $ (1.01)
Diluted for Class A and Class B (in dollars per share) [1] $ (2.86) $ (0.27) $ (6.13) $ (1.01)
Weighted average shares used to compute earnings per share:        
Basic for Class A and Class B (in shares) [1] 45,716,522 45,333,745 45,605,798 45,272,595
Diluted for Class A and Class B (in shares) [1] 45,716,522 45,333,745 45,605,798 45,272,595
[1] See “Note 2: Earnings per share.”