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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues:        
Net commodity sales $ 15,880 $ 66,707 $ 64,731 $ 115,326
Sublease revenue 0 1,198 0 2,396
Total revenues 15,880 67,905 64,731 117,722
Costs and expenses:        
Lease operating 5,971 13,371 16,059 25,665
Production taxes 823 3,802 3,573 6,682
Depreciation, depletion and amortization 14,821 30,282 37,833 53,997
Impairment of oil and gas assets 384,639 63,593 456,010 113,315
Impairment of other assets 310 6,407 463 6,407
General and administrative 9,488 7,315 17,556 15,628
Liability management 8,047 0 8,047 0
Litigation loss 4,359 0 4,359 0
Subleases 0 403 0 806
Total costs and expenses 428,458 125,173 543,900 222,500
Operating loss (412,578) (57,268) (479,169) (104,778)
Non-operating income (expense):        
Interest expense (8,047) (5,571) (14,683) (10,135)
Write-off of Senior Note issuance costs (4,420) 0 (4,420) 0
Derivative (losses) gains (13,019) 17,734 65,361 (33,282)
(Loss) gain on sale of assets (261) 491 (159) 490
Other income (expense), net 35 (302) 281 (288)
Net non-operating income (expense) (25,712) 12,352 46,380 (43,215)
Reorganization items, net (436) (313) (1,020) (776)
Loss before income taxes (438,726) (45,229) (433,809) (148,769)
Income tax expense 0 0 0 0
Net loss $ (438,726) $ (45,229) $ (433,809) $ (148,769)
Loss per share:        
Basic (in dollars per share) $ (9.55) $ (0.99) $ (9.45) $ (3.27)
Diluted (in dollars per share) $ (9.55) $ (0.99) $ (9.45) $ (3.27)
Weighted average shares used to compute earnings per share:        
Basic (in shares) 45,949,797 45,641,797 45,890,041 45,549,518
Diluted (in shares) 45,949,797 45,641,797 45,890,041 45,549,518