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CONDENSED CONSOLIDATED INCOME STATEMENTS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues        
Total revenues $ 33,419 $ 69,760 $ 76,566 $ 127,247
Expenses        
Lease operating expenses 8,802 9,512 20,496 20,374
Production, ad valorem, and other taxes 2,740 4,799 6,491 8,909
Depreciation and depletion — oil and natural gas 3,744 2,826 7,198 5,227
Depreciation and amortization — other 1,615 1,563 3,233 3,138
General and administrative 2,476 2,171 5,385 4,701
Restructuring expenses 262 433 301 642
Employee termination benefits 0 0 19 0
(Gain) loss on derivative contracts 0 0 (1,447) 1,064
Other operating (income) expense (27) (51) (121) (115)
Total expenses 19,612 21,253 41,555 43,940
Income from operations 13,807 48,507 35,011 83,307
Other income (expense)        
Interest income (expense), net 2,828 (27) 5,327 (179)
Other income, net 2 12 57 88
Total other income (expense) 2,830 (15) 5,384 (91)
Income before income taxes 16,637 48,492 40,395 83,216
Income tax (benefit) expense 0 0 0 0
Net income $ 16,637 $ 48,492 $ 40,395 $ 83,216
Net income per share        
Basic (in dollars per share) $ 0.45 $ 1.32 $ 1.10 $ 2.27
Diluted (in dollars per share) $ 0.45 $ 1.30 $ 1.09 $ 2.24
Weighted average number of common shares outstanding        
Basic (in shares) 36,892 36,699 36,876 36,667
Diluted (in shares) 37,097 37,185 37,085 37,107