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UNAUDITED CONDENSED STATEMENTS OF CONSOLIDATED OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues:        
Total revenues $ 35,171 $ 59,532 $ 93,307 $ 124,687
Costs and expenses:        
Lease operating expense 27,828 26,292 63,551 55,202
Exploration 3 6 19 21
Taxes other than income 2,195 3,464 6,181 7,873
Depreciation, depletion and amortization 7,623 12,913 23,179 24,079
Impairment expense 0 0 455,031 0
General and administrative expense 6,755 10,566 15,108 19,874
Accretion of asset retirement obligations 1,539 1,332 3,052 2,643
(Gain) loss on commodity derivative instruments 19,165 (22,993) (88,548) 9,494
Other, net 0 34 0 177
Total costs and expenses 69,797 36,005 487,315 128,411
Operating income (loss) (34,626) 23,527 (394,008) (3,724)
Other income (expense):        
Interest expense, net (6,209) (4,422) (13,856) (8,511)
Other income (expense) (250) 0 (234) 0
Total other income (expense) (6,459) (4,422) (14,090) (8,511)
Income (loss) before reorganization items, net and income taxes (41,085) 19,105 (408,098) (12,235)
Reorganization items, net (166) (464) (352) (651)
Income tax benefit (expense) (85) 0 (85) 50
Net income (loss) (41,336) 18,641 (408,535) (12,836)
Net (income) loss allocated to participating restricted stockholders 0 (728) 0 0
Net income (loss) attributable to common stockholders $ (41,336) $ 17,913 $ (408,535) $ (12,836)
Earnings per share: (See Note 10)        
Basic and diluted earnings per share $ (1.10) $ 0.80 $ (10.87) $ (0.58)
Weighted average common shares outstanding:        
Basic and diluted 37,595 22,267 37,582 22,223
Oil and Natural Gas Sales [Member]        
Revenues:        
Total revenues $ 34,888 $ 59,485 $ 92,675 $ 124,552
Other Revenues [Member]        
Revenues:        
Total revenues 283 47 632 135
Gathering, Processing and Transportation [Member]        
Costs and expenses:        
Gathering, processing and transportation $ 4,689 $ 4,391 $ 9,742 $ 9,048