XML 17 R4.htm IDEA: XBRL DOCUMENT v3.19.1
UNAUDITED CONDENSED STATEMENTS OF CONSOLIDATED OPERATIONS - USD ($)
shares in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenues:    
Total revenues $ 65,155,000 $ 87,932,000
Costs and expenses:    
Lease operating expense 28,910,000 29,570,000
Exploration 15,000 34,000
Taxes other than income 4,409,000 5,037,000
Depreciation, depletion and amortization 11,166,000 12,958,000
General and administrative expense 9,308,000 10,657,000
Accretion of asset retirement obligations 1,311,000 1,718,000
(Gain) loss on commodity derivative instruments 32,487,000 10,456,000
(Gain) loss on sale of properties 0 2,373,000
Other, net 143,000 0
Total costs and expenses 92,406,000 78,403,000
Operating income (loss) (27,251,000) 9,529,000
Other income (expense):    
Interest expense, net (4,089,000) (5,772,000)
Total other income (expense) (4,089,000) (5,772,000)
Income (loss) before reorganization items, net and income taxes (31,340,000) 3,757,000
Reorganization items, net (187,000) (518,000)
Income tax benefit (expense) 50,000 0
Net income (loss) (31,477,000) 3,239,000
Net (income) loss allocated to participating restricted stockholders 0 (83,000)
Net income (loss) attributable to common stockholders $ (31,477,000) $ 3,156,000
Earnings per share: (See Note 10)    
Basic and diluted earnings per share $ (1.42) $ 0.13
Weighted average common shares outstanding:    
Basic and diluted 22,179 25,000
Oil and Natural Gas Sales [Member]    
Revenues:    
Total revenues $ 65,067,000 $ 87,847,000
Other Revenues [Member]    
Revenues:    
Total revenues 88,000 85,000
Gathering, Processing and Transportation [Member]    
Costs and expenses:    
Gathering, processing and transportation $ 4,657,000 $ 5,600,000