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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues:        
Total revenues $ 69,858 $ 76,770 $ 225,660 $ 228,611
Costs and expenses:        
Lease operating expense 33,255 36,493 107,850 103,953
Gathering, processing and transportation 4,290 4,984 13,959 15,735
Taxes other than income 5,997 5,532 15,539 16,433
Depreciation, depletion and amortization 8,102 7,489 24,168 20,369
General and administrative expense 8,251 8,255 26,409 24,547
Accretion of asset retirement obligations 2,125 2,005 6,282 5,922
Loss (gain) on commodity derivative instruments (25,047) 23,328 (7,258) 4,371
Pipeline incident loss 247 559 1,454 15,682
Other, net 38 449 187 728
Total costs and expenses 37,258 89,094 188,590 207,740
Operating income (loss) 32,600 (12,324) 37,070 20,871
Other income (expense):        
Interest expense, net (3,756) (4,470) (10,915) (13,908)
Litigation settlement (See Note 16)       84,875
Other income (expense) (130) 124 (334) 319
Total other income (expense) (3,886) (4,346) (11,249) 71,286
Income (loss) before income taxes 28,714 (16,670) 25,821 92,157
Income tax (expense) benefit - current (412) (1,441) (2,364) (7,115)
Income tax (expense) benefit - deferred (5,650) 4,708 (3,082) 264,130
Net income (loss) 22,652 (13,403) 20,375 349,172
Allocation of net income (loss) to:        
Net income (loss) available to common stockholders 21,569 (13,403) 19,392 333,401
Net income (loss) allocated to participating securities 1,083 0 983 15,771
Net Income (Loss) $ 22,652 $ (13,403) $ 20,375 $ 349,172
Earnings (loss) per share: (See Note 9)        
Basic earnings (loss) per share (in $ per share) $ 0.54 $ (0.34) $ 0.49 $ 8.57
Diluted earnings (loss) per share (in $ per share) $ 0.54 $ (0.34) $ 0.49 $ 8.57
Weighted average common shares outstanding:        
Basic (in shares) 39,783 39,063 39,608 38,911
Diluted (in shares) 39,783 39,063 39,608 38,911
Oil and natural gas sales        
Revenues:        
Total revenues $ 68,135 $ 76,403 $ 215,803 $ 210,080
Other revenues        
Revenues:        
Total revenues $ 1,723 $ 367 $ 9,857 $ 18,531