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CONDENSED CONSOLIDATED INCOME STATEMENTS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues        
Total revenues $ 38,149 $ 70,899 $ 114,715 $ 198,146
Expenses        
Lease operating expenses 11,450 9,693 31,946 30,067
Production, ad valorem, and other taxes 2,031 4,768 8,522 13,677
Depreciation and depletion — oil and natural gas 4,217 3,091 11,415 8,318
Depreciation and amortization — other 1,637 1,582 4,870 4,720
General and administrative 2,619 2,382 8,004 7,083
Restructuring expenses 42 76 343 718
Employee termination benefits 0 0 19 0
Gain on derivative contracts 0 (4,258) (1,447) (3,194)
Other operating (income) expense (31) (25) (152) (140)
Total expenses 21,965 17,309 63,520 61,249
Income from operations 16,184 53,590 51,195 136,897
Other income (expense)        
Interest income (expense), net 2,455 (12) 7,782 (191)
Other income, net 31 147 88 235
Total other income (expense) 2,486 135 7,870 44
Income before income taxes 18,670 53,725 59,065 136,941
Income tax (benefit) expense 0 0 0 0
Net income $ 18,670 $ 53,725 $ 59,065 $ 136,941
Net income per share        
Basic (in dollars per share) $ 0.51 $ 1.46 $ 1.60 $ 3.73
Diluted (in dollars per share) $ 0.50 $ 1.45 $ 1.59 $ 3.69
Weighted average number of common shares outstanding        
Basic (in shares) 36,969 36,797 36,906 36,710
Diluted (in shares) 37,161 37,150 37,123 37,121