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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
REVENUES    
Total revenues $ 564,803 $ 427,671
OPERATING EXPENSES    
Lease operating expenses 73,608 41,172
Production and ad valorem taxes 37,183 27,407
Depreciation, depletion and amortization 274,680 173,723
General and administrative expenses 35,964 38,037
Exploration and abandonment costs 561,611 22,994
Acquisition costs 14,425 0
Accretion of asset retirement obligations 435 345
Gain on sale of property (10) 0
Restructuring and other termination costs 34,769 0
Other operating income (expense) 169 (811)
Total operating expenses 5,421,282 311,124
OPERATING (LOSS) INCOME (4,856,479) 116,547
OTHER INCOME (EXPENSE)    
Interest expense, net (41,679) (33,002)
Gain (loss) on derivatives 545,692 (119,687)
Change in TRA liability 70,529 0
Interest income 249 291
Other (expense) income (3,983) 58
Total other income (expense), net 549,420 (152,340)
LOSS BEFORE INCOME TAXES (4,307,059) (35,793)
INCOME TAX BENEFIT 570,963 7,790
NET LOSS (3,736,096) (28,003)
LESS: NET LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS 369,696 3,939
NET LOSS ATTRIBUTABLE TO PARSLEY ENERGY, INC. STOCKHOLDERS $ (3,366,400) $ (24,064)
Net loss per common share:    
Basic (in dollars per share) $ (9.20) $ (0.09)
Diluted (in dollars per share) $ (9.20) $ (0.09)
Weighted average common shares outstanding:    
Basic (in shares) 366,064 278,794
Diluted (in shares) 366,064 278,794
Impairment of oil and gas properties $ 4,374,253 $ 0
Gain (Loss) on Extinguishment of Debt (21,388) 0
Oil sales    
REVENUES    
Revenues 522,172 368,126
Natural gas sales    
REVENUES    
Revenues 5,169 14,452
Natural gas liquids sales    
REVENUES    
Revenues 32,435 43,785
Other    
REVENUES    
Revenues 5,027 1,308
Transportation and processing costs    
OPERATING EXPENSES    
Transportation and processing costs $ 14,195 $ 8,257