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CONDENSED CONSOLIDATED INCOME STATEMENTS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues        
Total revenues $ 70,899 $ 46,584 $ 198,146 $ 114,403
Expenses        
Lease operating expenses 9,693 9,080 30,067 26,266
Production, ad valorem, and other taxes 4,768 2,219 13,677 6,929
Depreciation and depletion — oil and natural gas 3,091 2,092 8,318 6,790
Depreciation and amortization — other 1,582 1,513 4,720 4,482
General and administrative 2,382 2,229 7,083 6,841
Restructuring expenses 76 (1,696) 718 614
Employee termination benefits 0 0 0 49
(Gain) loss on derivative contracts (4,258) 4,129 (3,194) 4,129
(Gain) loss on sale of assets 0 761 0 (18,952)
Other operating income (25) (202) (140) (315)
Total expenses 17,309 20,125 61,249 36,833
Income from operations 53,590 26,459 136,897 77,570
Other income (expense)        
Interest expense, net (12) (256) (191) (387)
Other income, net 147 2,396 235 2,711
Total other income 135 2,140 44 2,324
Income before income taxes 53,725 28,599 136,941 79,894
Income tax (benefit) expense 0 0 0 0
Net income $ 53,725 $ 28,599 $ 136,941 $ 79,894
Net Income per share        
Basic (in dollars per share) $ 1.46 $ 0.78 $ 3.73 $ 2.20
Diluted (in dollars per share) $ 1.45 $ 0.77 $ 3.69 $ 2.15
Weighted average number of common shares outstanding        
Basic (in shares) 36,797 36,577 36,710 36,318
Diluted (in shares) 37,150 36,996 37,121 37,200
Oil, natural gas and NGL        
Revenues        
Total revenues $ 70,899 $ 46,584 $ 198,146 $ 114,403