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CONDENSED CONSOLIDATED INCOME STATEMENTS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues        
Total revenues $ 69,760 $ 34,196 $ 127,247 $ 67,819
Expenses        
Lease operating expenses 9,512 9,232 20,374 17,186
Production, ad valorem, and other taxes 4,799 2,534 8,909 4,710
Depreciation and depletion — oil and natural gas 2,826 2,193 5,227 4,698
Depreciation and amortization — other 1,563 1,475 3,138 2,969
General and administrative 2,171 2,522 4,701 4,612
Restructuring expenses 433 256 642 2,310
Employee termination benefits 0 0 0 49
Loss on derivative contracts 0 0 1,064 0
Gain on sale of assets 0 0 0 (19,713)
Other operating income, net (51) (65) (115) (113)
Total expenses 21,253 18,147 43,940 16,708
Income from operations 48,507 16,049 83,307 51,111
Other income (expense)        
Interest expense, net (27) (84) (179) (131)
Other income, net 12 287 88 315
Total other income (expense) (15) 203 (91) 184
Income before income taxes 48,492 16,252 83,216 51,295
Income tax expense (benefit) 0 0 0 0
Net income $ 48,492 $ 16,252 $ 83,216 $ 51,295
Net income per share        
Basic (in dollars per share) $ 1.32 $ 0.45 $ 2.27 $ 1.42
Diluted (in dollars per share) $ 1.30 $ 0.44 $ 2.24 $ 1.38
Weighted average number of common shares outstanding        
Basic (in shares) 36,699 36,416 36,667 36,187
Diluted (in shares) 37,185 37,345 37,107 37,283
Oil, natural gas and NGL        
Revenues        
Total revenues $ 69,760 $ 34,196 $ 127,247 $ 67,819