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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, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
REVENUES        
Revenues $ 115,405 $ 163,295 $ 339,513 $ 460,332
OPERATING EXPENSES        
Lease operating 11,494 11,986 33,436 29,651
Transportation, gathering and compression $ 51,961 $ 57,027 $ 157,472 $ 150,065
Cost, Product and Service [Extensible List] us-gaap:NaturalGasGatheringTransportationMarketingAndProcessingMember us-gaap:NaturalGasGatheringTransportationMarketingAndProcessingMember us-gaap:NaturalGasGatheringTransportationMarketingAndProcessingMember us-gaap:NaturalGasGatheringTransportationMarketingAndProcessingMember
Production and ad valorem taxes $ 3,677 $ 1,660 $ 10,146 $ 8,519
Brokered natural gas and marketing expense 7,345 10,574 24,349 32,017
Depreciation, depletion, amortization and accretion 53,153 45,456 140,058 113,950
Exploration 11,767 16,621 34,112 48,602
General and administrative 12,144 14,580 33,594 57,074
Rig termination and standby 303 1,221 303 1,221
Gain on sale of assets (62) (733) (1,419) (731)
Other expense 87 2 121 40
Total operating expenses 151,869 158,394 432,172 440,408
OPERATING INCOME (LOSS) (36,464) 4,901 (92,659) 19,924
OTHER INCOME (EXPENSE)        
Gain (loss) on derivative instruments (40,535) 15,812 (11,329) 40,620
Interest expense, net (14,402) (15,192) (44,166) (44,140)
Other income 2   19 8
Total other income (expense), net (54,935) 620 (55,476) (3,512)
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES (91,399) 5,521 (148,135) 16,412
INCOME (LOSS) FROM CONTINUING OPERATIONS (91,399) 5,521 (148,135) 16,412
Income (loss) from discontinued operations, net of income tax (801) (1,237) (10,092) 1,286
NET INCOME (LOSS) $ (92,200) $ 4,284 $ (158,227) $ 17,698
Basic:        
Weighted average common stock outstanding 36,035 35,684 35,889 32,343
Income (loss) from continuing operations $ (2.54) $ 0.15 $ (4.13) $ 0.51
Income (loss) from discontinued operations (0.02) (0.03) (0.28) 0.04
Net income (loss) $ (2.56) $ 0.12 $ (4.41) $ 0.55
Diluted:        
Weighted average common stock outstanding 36,035 35,697 35,889 32,471
Income (loss) from continuing operations $ (2.54) $ 0.15 $ (4.13) $ 0.51
Income (loss) from discontinued operations (0.02) (0.03) (0.28) 0.04
Net income (loss) $ (2.56) $ 0.12 $ (4.41) $ 0.55
Oil and Gas [Member]        
REVENUES        
Revenues $ 108,518 $ 153,021 $ 315,471 $ 428,278
Brokered Natural Gas and Marketing Revenue [Member]        
REVENUES        
Revenues 6,831 10,228 23,859 31,747
Other Revenue [Member]        
REVENUES        
Revenues $ 56 $ 46 $ 183 $ 307