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Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
REVENUES        
Revenues $ 163,295 $ 130,123 $ 460,332 $ 343,938
OPERATING EXPENSES        
Lease operating 11,986 5,312 29,651 22,026
Production and ad valorem taxes 1,660 2,604 8,519 7,226
Brokered natural gas and marketing expense 10,574 3,237 32,017 3,715
Depreciation, depletion, amortization and accretion 45,456 34,439 113,950 98,672
Exploration 16,621 11,328 48,602 36,227
General and administrative 14,580 12,937 57,074 33,391
Rig termination and standby 1,221   1,221  
(Gain) loss on sale of assets (733) 6 (731) (1,814)
Other expense 2   40  
Total operating expenses 158,394 108,929 440,408 297,569
OPERATING INCOME 4,901 21,194 19,924 46,369
OTHER INCOME (EXPENSE)        
Gain (loss) on derivative instruments 15,812 (3,263) 40,620 (24,055)
Interest expense, net (15,192) (13,932) (44,140) (39,975)
Other income (expense)   (1) 8 (1)
Total other income (expense), net 620 (17,196) (3,512) (64,031)
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 5,521 3,998 16,412 (17,662)
INCOME (LOSS) FROM CONTINUING OPERATIONS 5,521 3,998 16,412 (17,662)
Income (loss) from discontinued operations, net of income tax (1,237)   1,286  
NET INCOME (LOSS) $ 4,284 $ 3,998 $ 17,698 $ (17,662)
Basic:        
Weighted average common stock outstanding 35,684 20,144 32,343 19,947
Income (loss) from continuing operations $ 0.15 $ 0.20 $ 0.51 $ (0.89)
Income (loss) from discontinued operations (0.03)   0.04  
Net income (loss) $ 0.12 $ 0.20 $ 0.55 $ (0.89)
Diluted:        
Weighted average common stock outstanding 35,697 20,170 32,471 19,947
Income (loss) from continuing operations $ 0.15 $ 0.20 $ 0.51 $ (0.89)
Income (loss) from discontinued operations (0.03)   0.04  
Net income (loss) $ 0.12 $ 0.20 $ 0.55 $ (0.89)
Oil and Gas [Member]        
REVENUES        
Revenues $ 153,021 $ 127,179 $ 428,278 $ 340,620
Brokered Natural Gas and Marketing Revenue [Member]        
REVENUES        
Revenues 10,228 2,944 31,747 3,318
Other Revenue [Member]        
REVENUES        
Revenues 46   307  
Natural Gas, Gathering, Transportation, Marketing and Processing [Member]        
OPERATING EXPENSES        
Transportation, gathering and compression $ 57,027 $ 39,066 $ 150,065 $ 98,126