XML 21 R4.htm IDEA: XBRL DOCUMENT v3.19.3
UNAUDITED CONDENSED STATEMENTS OF CONSOLIDATED OPERATIONS - USD ($)
shares in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues:        
Total revenues $ 72,959,000 $ 85,522,000 $ 197,646,000 $ 264,442,000
Costs and expenses:        
Lease operating expense 32,977,000 27,505,000 88,179,000 84,575,000
Exploration 3,000 9,000 24,000 3,031,000
Taxes other than income 5,135,000 4,717,000 13,008,000 15,289,000
Depreciation, depletion and amortization 15,617,000 13,355,000 39,696,000 39,932,000
General and administrative expense 27,034,000 8,219,000 46,908,000 35,739,000
Accretion of asset retirement obligations 1,428,000 1,272,000 4,071,000 4,419,000
(Gain) loss on commodity derivative instruments (28,725,000) 21,110,000 (19,231,000) 67,218,000
(Gain) loss on sale of properties 0 (707,000) 0 1,439,000
Other, net 224,000 639,000 401,000 519,000
Total costs and expenses 58,152,000 82,316,000 186,563,000 269,933,000
Operating income (loss) 14,807,000 3,206,000 11,083,000 (5,491,000)
Other income (expense):        
Interest expense, net (5,276,000) (5,336,000) (13,787,000) (17,395,000)
Loss on lease 4,237,000 0 4,237,000 0
Other income (expense) (104,000) (2,000) (104,000) 0
Total other income (expense) (9,617,000) (5,338,000) (18,128,000) (17,395,000)
Income (loss) before reorganization items, net and income taxes 5,190,000 (2,132,000) (7,045,000) (22,886,000)
Reorganization items, net (33,000) (466,000) (684,000) (1,752,000)
Income tax benefit (expense) 0 0 50,000 0
Net income (loss) 5,157,000 (2,598,000) (7,679,000) (24,638,000)
Net (income) loss allocated to participating restricted stockholders (128,000) 0 0 0
Net income (loss) attributable to common stockholders $ 5,029,000 $ (2,598,000) $ (7,679,000) $ (24,638,000)
Earnings per share: (See Note 10)        
Basic and diluted earnings per share $ 0.15 $ (0.10) $ (0.29) $ (0.98)
Weighted average common shares outstanding:        
Basic and diluted 33,707 25,073 26,093 25,037
Oil and Natural Gas Sales [Member]        
Revenues:        
Total revenues $ 72,426,000 $ 85,446,000 $ 196,978,000 $ 264,187,000
Other Revenues [Member]        
Revenues:        
Total revenues 533,000 76,000 668,000 255,000
Gathering, Processing and Transportation [Member]        
Costs and expenses:        
Gathering, processing and transportation $ 4,459,000 $ 6,197,000 $ 13,507,000 $ 17,772,000