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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues        
Total revenues $ 46,584 $ 27,676 $ 114,403 $ 84,660
Expenses        
Lease operating expenses 9,080 8,069 26,266 32,409
Production, ad valorem, and other taxes 2,219 2,333 6,929 7,386
Depreciation and depletion — oil and natural gas 2,092 7,525 6,790 45,728
Depreciation and amortization — other 1,513 1,698 4,482 6,071
Impairment 0 44,043 0 253,797
General and administrative 2,229 2,493 6,841 12,290
Restructuring expenses (1,696) 1,199 614 1,643
Employee termination benefits 0 3,184 49 8,431
(Gain) loss on derivative contracts 4,129 5,299 4,129 (7,168)
(Gain) loss on sale of assets 761 (178) (18,952) (100)
Other operating (income) expense, net (202) 62 (315) 369
Total expenses 20,125 75,727 36,833 360,856
Income (loss) from operations 26,459 (48,051) 77,570 (276,196)
Other income (expense)        
Interest expense, net (256) (569) (387) (1,653)
Other income (expense), net 2,396 (129) 2,711 5
Total other income (expense) 2,140 (698) 2,324 (1,648)
Income (loss) before income taxes 28,599 (48,749) 79,894 (277,844)
Income tax expense (benefit) 0 0 0 (646)
Net income (loss) $ 28,599 $ (48,749) $ 79,894 $ (277,198)
Net income (loss) per share        
Basic (in dollars per share) $ 0.78 $ (1.36) $ 2.20 $ (7.78)
Diluted (in dollars per share) $ 0.77 $ (1.36) $ 2.15 $ (7.78)
Weighted average number of common shares outstanding        
Basic (in shares) 36,577 35,783 36,318 35,649
Diluted (in shares) 36,996 35,783 37,200 35,649
Oil, natural gas and NGL        
Revenues        
Total revenues $ 46,584 $ 27,547 $ 114,403 $ 84,134
Other        
Revenues        
Total revenues $ 0 $ 129 $ 0 $ 526