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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, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
REVENUES        
Revenues $ 90,684 $ 155,540 $ 224,108 $ 297,037
OPERATING EXPENSES        
Lease operating 9,900 10,141 21,943 17,666
Transportation, gathering and compression $ 51,387 $ 51,870 $ 105,512 $ 93,038
Cost, Product and Service [Extensible List] us-gaap:NaturalGasGatheringTransportationMarketingAndProcessingMember us-gaap:NaturalGasGatheringTransportationMarketingAndProcessingMember us-gaap:NaturalGasGatheringTransportationMarketingAndProcessingMember us-gaap:NaturalGasGatheringTransportationMarketingAndProcessingMember
Production and ad valorem taxes $ 1,600 $ 4,009 $ 6,468 $ 6,857
Brokered natural gas and marketing expense 7,746 11,983 17,004 21,443
Depreciation, depletion, amortization and accretion 42,768 38,597 86,903 68,494
Exploration 9,073 15,193 22,344 31,981
General and administrative 11,569 13,564 21,450 42,494
(Gain) loss on sale of assets (1,911) 1 (1,357) 2
Other expense 19 12 34 38
Total operating expenses 132,151 145,370 280,301 282,013
OPERATING INCOME (LOSS) (41,467) 10,170 (56,193) 15,024
OTHER INCOME (EXPENSE)        
Gain (loss) on derivative instruments (10,925) 29,738 29,207 24,808
Interest expense, net (14,930) (15,109) (29,764) (28,949)
Other income 4 8 17 8
Total other income (expense), net (25,851) 14,637 (540) (4,133)
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES (67,318) 24,807 (56,733) 10,891
INCOME (LOSS) FROM CONTINUING OPERATIONS (67,318) 24,807 (56,733) 10,891
Income (loss) from discontinued operations, net of income tax (1,533) 2,705 (9,291) 2,523
NET INCOME (LOSS) $ (68,851) $ 27,512 $ (66,024) $ 13,414
Basic:        
Weighted average common stock outstanding 35,856 35,678 35,816 30,645
Income (loss) from continuing operations $ (1.88) $ 0.69 $ (1.58) $ 0.36
Income (loss) from discontinued operations (0.04) 0.08 (0.26) 0.08
Net income (loss) $ (1.92) $ 0.77 $ (1.84) $ 0.44
Diluted:        
Weighted average common stock outstanding 35,856 35,826 35,816 30,830
Income (loss) from continuing operations $ (1.88) $ 0.69 $ (1.58) $ 0.36
Income (loss) from discontinued operations (0.04) 0.08 (0.26) 0.08
Net income (loss) $ (1.92) $ 0.77 $ (1.84) $ 0.44
Oil and Gas [Member]        
REVENUES        
Revenues $ 83,082 $ 143,429 $ 206,953 $ 275,257
Brokered Natural Gas and Marketing Revenue [Member]        
REVENUES        
Revenues 7,540 11,989 17,028 21,519
Other Revenue [Member]        
REVENUES        
Revenues $ 62 $ 122 $ 127 $ 261