XML 54 R4.htm IDEA: XBRL DOCUMENT v3.20.1
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
REVENUES    
Revenues $ 133,425 $ 141,497
OPERATING EXPENSES    
Lease operating 12,043 7,525
Transportation, gathering and compression $ 54,124 $ 41,168
Cost, Product and Service [Extensible List] us-gaap:NaturalGasGatheringTransportationMarketingAndProcessingMember us-gaap:NaturalGasGatheringTransportationMarketingAndProcessingMember
Production and ad valorem taxes $ 4,868 $ 2,848
Brokered natural gas and marketing expense 9,258 9,459
Depreciation, depletion, amortization and accretion 44,135 29,897
Exploration 13,271 16,789
General and administrative 9,880 28,930
Loss on sale of assets 554 2
Other expense 16 24
Total operating expenses 148,149 136,642
OPERATING INCOME (LOSS) (14,724) 4,855
OTHER INCOME (EXPENSE)    
Gain (loss) on derivative instruments 40,131 (4,931)
Interest expense, net (14,834) (13,840)
Other income 12  
Total other income (expense), net 25,309 (18,771)
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 10,585 (13,916)
INCOME (LOSS) FROM CONTINUING OPERATIONS 10,585 (13,916)
Loss from discontinued operations, net of income tax (7,757) (182)
NET INCOME (LOSS) $ 2,828 $ (14,098)
Basic:    
Weighted average common stock outstanding 35,772 25,564
Income (loss) from continuing operations $ 0.30 $ (0.54)
Loss from discontinued operations (0.22) (0.01)
Net income (loss) $ 0.08 $ (0.55)
Diluted:    
Weighted average common stock outstanding 35,858 25,564
Income (loss) from continuing operations $ 0.30 $ (0.54)
Loss from discontinued operations (0.22) (0.01)
Net income (loss) $ 0.08 $ (0.55)
Oil and Gas [Member]    
REVENUES    
Revenues $ 123,871 $ 131,828
Brokered Natural Gas and Marketing Revenue [Member]    
REVENUES    
Revenues 9,488 9,530
Other Revenue [Member]    
REVENUES    
Revenues $ 66 $ 139