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Unaudited Condensed Consolidated Statements Of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues        
Revenues $ 53,145 $ 58,737 $ 146,101 $ 143,281
Expenses        
Lease operating and gas gathering 10,055 6,687 26,695 17,761
Production and ad valorem taxes 3,017 3,218 8,126 8,145
Depreciation, depletion and amortization 24,635 23,775 64,120 59,937
Loss on sale of oil and gas properties 483 0 33,530 1,568
Impairment of oil and gas properties 0 12,169 0 12,169
General and administrative 4,124 4,661 12,345 13,385
Acquisition costs and other (2) 315 (4) 302
Total expenses 42,312 50,825 144,812 113,267
Income from operations 10,833 7,912 1,289 30,014
Other expense        
Interest expense (11,295) (10,215) (32,730) (28,771)
Change in fair value of warrants (100) 509 594 (2,105)
Gain (loss) on derivative financial instruments 21,546 (18,198) (5,177) (54,852)
Loss on extinguishment of debt 0 0 0 (8,619)
Total other expense 10,151 (27,904) (37,313) (94,347)
Income (loss) before income taxes 20,984 (19,992) (36,024) (64,333)
Income tax (expense) benefit (4,767) 282 6,966 6,493
Net income (loss) 16,217 (19,710) (29,058) (57,840)
Preferred stock dividends (2,159) (1,975) (6,336) (5,796)
Net income (loss) attributable to common stockholders $ 14,058 $ (21,685) $ (35,394) $ (63,636)
Net income (loss) per common share        
Basic (in dollars per share) $ 0.34 $ (0.88) $ (1.42) $ (2.59)
Diluted (in dollars per share) $ 0.33 $ (0.88) $ (1.42) $ (2.59)
Weighted average common shares outstanding        
Basic (in shares) 24,933,853 24,599,744 24,852,994 24,598,816
Diluted (in shares) 25,331,810 24,599,744 24,852,994 24,598,816
Oil sales        
Revenues        
Revenues $ 42,187 $ 47,846 $ 120,496 $ 120,705
Natural gas liquid sales        
Revenues        
Revenues 3,439 6,795 10,381 12,939
Natural gas sales        
Revenues        
Revenues $ 7,519 $ 4,096 $ 15,224 $ 9,637