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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
REVENUES      
Total revenues $ 1,958,814 $ 1,826,431 $ 967,044
OPERATING EXPENSES      
Lease operating expenses 177,148 144,292 102,169
Transportation and processing costs 41,198 32,573 0
Production and ad valorem taxes 124,961 108,342 59,641
Depreciation, depletion and amortization 794,740 584,857 352,247
General and administrative expenses (including stock-based compensation of $20,682, $19,877 and $19,619 for the years ended December 31, 2019, 2018 and 2017) 152,700 150,955 124,255
Exploration and abandonment costs 100,211 162,539 39,345
Acquisition costs 7,616 167 10,977
Accretion of asset retirement obligations 1,465 1,422 971
Rig termination costs 13,250 0 0
(Gain) loss on sale of property (2,095) (6,454) 14,332
Restructuring and other termination costs 1,562 0 0
Other operating expenses 8,788 19,863 10,638
Total operating expenses 1,421,544 1,198,556 714,575
OPERATING INCOME 537,270 627,875 252,469
OTHER (EXPENSES) INCOME      
Interest expense, net (133,640) (131,460) (97,381)
Loss on early extinguishment of debt 0 0 (3,891)
(Loss) gain on derivatives (131,212) 50,342 (66,135)
Change in TRA liability 0 (437) 35,847
Interest income 801 5,464 7,936
Other (expenses) income (1,364) (340) 783
Total other expenses, net (265,415) (76,431) (122,841)
INCOME BEFORE INCOME TAXES 271,855 551,444 129,628
INCOME TAX EXPENSE (61,437) (105,475) (5,708)
NET INCOME 210,418 445,969 123,920
LESS: NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS (35,206) (76,842) (17,146)
NET INCOME ATTRIBUTABLE TO PARSLEY ENERGY, INC. STOCKHOLDERS $ 175,212 $ 369,127 $ 106,774
Net income per common share:      
Basic (in dollars per share) $ 0.63 $ 1.36 $ 0.44
Diluted (in dollars per share) $ 0.63 $ 1.35 $ 0.42
Weighted average common shares outstanding:      
Basic (shares) 279,636 272,226 240,733
Diluted (shares) 280,172 272,884 296,512
Oil sales      
REVENUES      
Revenue $ 1,757,315 $ 1,536,244 $ 802,230
Natural gas sales      
REVENUES      
Revenue 36,774 51,231 56,571
Natural gas liquids sales      
REVENUES      
Revenue 155,888 227,272 103,193
Other      
REVENUES      
Revenue $ 8,837 $ 11,684 $ 5,050