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Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
REVENUES        
Revenues $ 155,540 $ 103,622 $ 297,037 $ 213,814
OPERATING EXPENSES        
Lease operating 10,141 7,324 17,666 16,714
Production and ad valorem taxes 4,009 2,178 6,857 4,623
Brokered natural gas and marketing expense 11,983 430 21,443 477
Depreciation, depletion, amortization and accretion 38,597 32,922 68,494 64,233
Exploration 15,193 9,620 31,981 24,898
General and administrative 13,564 10,697 42,494 20,454
(Gain) loss on sale of assets 1 (1,553) 2 (1,820)
Other expense 12   38  
Total operating expenses 145,370 92,989 282,013 188,639
OPERATING INCOME 10,170 10,633 15,024 25,175
OTHER INCOME (EXPENSE)        
Gain (loss) on derivative instruments 29,738 (16,577) 24,808 (20,792)
Interest expense, net (15,109) (13,092) (28,949) (26,043)
Other income 8   8  
Total other income (expense), net 14,637 (29,669) (4,133) (46,835)
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 24,807 (19,036) 10,891 (21,660)
INCOME (LOSS) FROM CONTINUING OPERATIONS 24,807 (19,036) 10,891 (21,660)
Income from discontinued operations, net of income tax 2,705   2,523  
NET INCOME (LOSS) $ 27,512 $ (19,036) $ 13,414 $ (21,660)
Basic:        
Weighted average common stock outstanding 35,678 20,129 30,645 19,848
Income (loss) from continuing operations $ 0.69 $ (0.95) $ 0.36 $ (1.09)
Income from discontinued operations 0.08   0.08  
Net income (loss) $ 0.77 $ (0.95) $ 0.44 $ (1.09)
Diluted:        
Weighted average common stock outstanding 35,826 20,129 30,830 19,848
Income (loss) from continuing operations $ 0.69 $ (0.95) $ 0.36 $ (1.09)
Income from discontinued operations 0.08   0.08  
Net income (loss) $ 0.77 $ (0.95) $ 0.44 $ (1.09)
Oil and Gas [Member]        
REVENUES        
Revenues $ 143,429 $ 103,257 $ 275,257 $ 213,441
Brokered Natural Gas and Marketing Revenue [Member]        
REVENUES        
Revenues 11,989 365 21,519 373
Other Revenue [Member]        
REVENUES        
Revenues 122   261  
Natural Gas, Gathering, Transportation, Marketing and Processing [Member]        
OPERATING EXPENSES        
Transportation, gathering and compression $ 51,870 $ 31,371 $ 93,038 $ 59,060