XML 15 R4.htm IDEA: XBRL DOCUMENT v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues        
Total revenues $ 27,676 $ 58,369 $ 84,660 $ 206,993
Expenses        
Lease operating expenses 8,069 23,866 32,409 71,721
Production, ad valorem, and other taxes 2,333 4,346 7,386 15,303
Depreciation and depletion — oil and natural gas 7,525 38,871 45,728 114,755
Depreciation and amortization — other 1,698 2,981 6,071 8,910
Impairment 44,043 165,507 253,797 165,507
General and administrative 2,493 6,238 12,290 26,261
Restructuring expenses 1,199 0 1,643 0
Employee termination benefits 3,184 0 8,431 4,465
(Gain) loss on derivative contracts 5,299 (1,756) (7,168) (1,547)
Other operating expense, net (116) 23 269 142
Total expenses 75,727 240,076 360,856 405,517
Loss from operations (48,051) (181,707) (276,196) (198,524)
Other income (expense)        
Interest expense, net (569) (722) (1,653) (2,009)
Other income (expense), net (129) 827 5 370
Total other income (expense) (698) 105 (1,648) (1,639)
Loss before income taxes (48,749) (181,602) (277,844) (200,163)
Income tax expense (benefit) 0 0 (646) 0
Net loss $ (48,749) $ (181,602) $ (277,198) $ (200,163)
Loss per share        
Basic (in dollars per share) $ (1.36) $ (5.12) $ (7.78) $ (5.66)
Diluted (in dollars per share) $ (1.36) $ (5.12) $ (7.78) $ (5.66)
Weighted average number of common shares outstanding        
Basic (in shares) 35,783,000 35,491,000 35,649,000 35,390,000
Diluted (in shares) 35,783,000 35,491,000 35,649,000 35,390,000
Oil, natural gas and NGL        
Revenues        
Total revenues $ 27,547 $ 58,188 $ 84,134 $ 206,432
Other        
Revenues        
Total revenues $ 129 $ 181 $ 526 $ 561