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Unaudited Consolidated Statements Of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues        
Revenues $ 52,215 $ 47,852 $ 92,956 $ 84,544
Expenses        
Lease operating and gas gathering 8,929 6,490 16,638 11,074
Production and ad valorem taxes 2,818 2,761 5,109 4,927
Depreciation, depletion and amortization 21,515 20,737 39,486 36,162
Loss on sale of oil and gas properties 155 0 33,046 1,568
General and administrative 3,841 5,305 8,221 8,724
Acquisition costs and other 0 (3) (2) (13)
Total expenses 37,258 35,290 102,498 62,442
Income (loss) from operations 14,957 12,562 (9,542) 22,102
Other expense        
Interest expense (10,778) (9,298) (21,434) (18,555)
Change in fair value of warrants 796 (2,462) 694 (2,615)
Gain (loss) on derivative financial instruments 9,514 (25,498) (26,724) (36,654)
Loss on extinguishment of debt 0 0 0 (8,619)
Total other expense (468) (37,258) (47,464) (66,443)
Income (loss) before income taxes 14,489 (24,696) (57,006) (44,341)
Income tax (expense) benefit (1,200) 3,103 11,732 6,211
Net income (loss) 13,289 (21,593) (45,274) (38,130)
Preferred stock dividends (2,112) (1,932) (4,177) (3,821)
Net income (loss) attributable to common stockholders $ 11,177 $ (23,525) $ (49,451) $ (41,951)
Net income (loss) per common share        
Basic (in dollars per share) $ 0.28 $ (0.96) $ (1.99) $ (1.71)
Diluted (in dollars per share) $ 0.28 $ (0.96) $ (1.99) $ (1.71)
Weighted average common shares outstanding        
Basic (in shares) 24,924,169 24,599,744 24,811,895 24,598,345
Diluted (in shares) 24,924,169 24,599,744 24,811,895 24,598,345
Oil sales        
Revenues        
Revenues $ 44,726 $ 39,707 $ 78,310 $ 72,859
Natural gas liquid sales        
Revenues        
Revenues 3,549 4,410 6,942 6,143
Natural gas sales        
Revenues        
Revenues $ 3,940 $ 3,735 $ 7,704 $ 5,542