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CONDENSED CONSOLIDATED INCOME STATEMENTS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenues    
Total revenues $ 57,487 $ 33,623
Expenses    
Lease operating expenses 10,862 7,954
Production, ad valorem, and other taxes 4,110 2,176
Depreciation and depletion — oil and natural gas 2,401 2,505
Depreciation and amortization — other 1,575 1,494
General and administrative 2,530 2,090
Restructuring expenses 209 2,054
Employee termination benefits 0 49
(Gain) loss on derivative contracts 1,064 0
(Gain) loss on sale of assets 0 (19,713)
Other operating (income) expense, net (64) (48)
Total expenses 22,687 (1,439)
Income from operations 34,800 35,062
Other income (expense)    
Interest expense, net (152) (47)
Other income (expense), net 76 28
Total other income (expense) (76) (19)
Income before income taxes 34,724 35,043
Income tax expense (benefit) 0 0
Net income $ 34,724 $ 35,043
Net income per share    
Basic (in dollars per share) $ 0.95 $ 0.97
Diluted (in dollars per share) $ 0.94 $ 0.94
Weighted average number of common shares outstanding    
Basic (in shares) 36,635 36,156
Diluted (in shares) 37,019 37,439
Oil, natural gas and NGL    
Revenues    
Total revenues $ 57,487 $ 33,623