XML 14 R4.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated statements of operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenues:    
Total revenues $ 204,992 $ 208,947
Costs and expenses:    
Lease operating expenses 22,040 22,609
Production and ad valorem taxes 9,244 7,219
General and administrative 12,562 21,519
Depletion, depreciation and amortization 61,302 63,098
Impairment expense 186,699 0
Other operating expenses 1,106 1,052
Total costs and expenses 386,964 154,550
Operating income (loss) (181,972) 54,397
Non-operating income (expense):    
Gain (loss) on derivatives, net 297,836 (48,365)
Interest expense (24,970) (15,547)
Loss on extinguishment of debt (13,320) 0
Loss on disposal of assets, net (602) (939)
Other income, net 91 867
Total non-operating income (expense), net 259,035 (63,984)
Income (loss) before income taxes 77,063 (9,587)
Income tax (expense) benefit:    
Deferred (2,417) 96
Total income tax (expense) benefit (2,417) 96
Net income (loss) $ 74,646 $ (9,491)
Net income (loss) per common share:    
Basic (USD per share) $ 0.32 $ (0.04)
Diluted (USD per share) $ 0.32 $ (0.04)
Weighted-average common shares outstanding:    
Basic (shares) 232,351 230,476
Diluted (shares) 233,458 230,476
Oil sales    
Revenues:    
Total revenues $ 119,978 $ 129,171
NGL sales    
Revenues:    
Total revenues 11,558 32,235
Natural gas sales    
Revenues:    
Total revenues 4,349 11,970
Midstream service revenues    
Revenues:    
Total revenues 2,683 2,883
Costs and expenses:    
Cost of goods and services sold 1,170 1,603
Sales of purchased oil    
Revenues:    
Total revenues 66,424 32,688
Costs and expenses:    
Cost of goods and services sold 79,297 32,691
Transportation and marketing expenses    
Costs and expenses:    
Cost of goods and services sold $ 13,544 $ 4,759