XML 15 R4.htm IDEA: XBRL DOCUMENT v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues        
Total revenues $ 16,655,000 $ 75,388,000 $ 56,984,000 $ 148,624,000
Expenses        
Lease operating expenses 8,698,000 25,076,000 24,340,000 47,855,000
Production, ad valorem, and other taxes 1,854,000 5,877,000 5,053,000 10,957,000
Depreciation and depletion — oil and natural gas 13,348,000 39,419,000 38,203,000 75,884,000
Depreciation and amortization — other 1,739,000 2,986,000 4,373,000 5,929,000
Impairment 201,784,000 0 209,754,000 0
General and administrative 4,314,000 10,084,000 9,797,000 20,023,000
Restructuring expenses 444,000 0 444,000 0
Employee termination benefits 1,993,000 4,465,000 5,247,000 4,465,000
(Gain) loss on derivative contracts (2,241,000) 0 (12,467,000) 209,000
Loss (gains) on sale of assets     78,000 0
Other operating expense 108,000 37,000 385,000 119,000
Total expenses 232,041,000 87,944,000 285,129,000 165,441,000
Loss from operations (215,386,000) (12,556,000) (228,145,000) (16,817,000)
Other income (expense)        
Interest expense, net (447,000) (702,000) (1,084,000) (1,287,000)
Other income (expense), net 58,000 (26,000) 134,000 (457,000)
Total other expense (389,000) (728,000) (950,000) (1,744,000)
Loss before income taxes (215,775,000) (13,284,000) (229,095,000) (18,561,000)
Income tax expense (benefit) 4,000 0 (646,000) 0
Net loss $ (215,779,000) $ (13,284,000) $ (228,449,000) $ (18,561,000)
Loss per share        
Basic (in dollars per share) $ (6.06) $ (0.38) $ (6.42) $ (0.53)
Diluted (in dollars per share) $ (6.06) $ (0.38) $ (6.42) $ (0.53)
Weighted average number of common shares outstanding        
Basic (in shares) 35,611 35,356 35,581 35,339
Diluted (in shares) 35,611 35,356 35,581 35,339
Oil, natural gas and NGL        
Revenues        
Total revenues $ 16,448,000 $ 75,196,000 $ 56,587,000 $ 148,244,000
Other        
Revenues        
Total revenues $ 207,000 $ 192,000 $ 397,000 $ 380,000