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Unaudited Condensed Consolidated Statements Of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues        
Revenues $ 17,220 $ 52,215 $ 54,250 $ 92,956
Expenses        
Lease operating and gas gathering 4,903 8,929 14,692 16,638
Production and ad valorem taxes 1,721 2,818 4,091 5,109
Depreciation, depletion and amortization 16,575 21,515 40,929 39,486
Loss on sale and disposal of oil and gas properties 1,254 155 1,254 33,046
Impairment of oil and gas properties 0 0 199,908 0
General and administrative 5,981 3,841 8,856 8,221
Other expense (income) 58 0 (139) (2)
Total expenses 30,492 37,258 269,591 102,498
(Loss) income from operations (13,272) 14,957 (215,341) (9,542)
Other (expense) income        
Interest expense (10,512) (10,778) (22,122) (21,434)
Change in fair value of warrants 0 796 363 694
(Loss) gain on derivative financial instruments (21,141) 9,514 80,029 (26,724)
Total other (expense) income (31,653) (468) 58,270 (47,464)
Loss (income) before income taxes (44,925) 14,489 (157,071) (57,006)
Income tax benefit (expense) 4,332 (1,200) 5,687 11,732
Net (loss) income (40,593) 13,289 (151,384) (45,274)
Preferred stock dividends (2,308) (2,112) (4,566) (4,177)
Net (loss) income attributable to common stockholders $ (42,901) $ 11,177 $ (155,950) $ (49,451)
Net (loss) income per common share        
Basic (in dollars per share) $ (1.70) $ 0.28 $ (6.20) $ (1.99)
Diluted (in dollars per share) $ (1.70) $ 0.28 $ (6.20) $ (1.99)
Weighted average common shares outstanding        
Basic (in shares) 25,307,714 24,924,169 25,154,151 24,811,895
Diluted (in shares) 25,307,714 24,924,169 25,154,151 24,811,895
Oil sales        
Revenues        
Revenues $ 11,976 $ 44,726 $ 41,986 $ 78,310
Natural gas liquid sales        
Revenues        
Revenues 1,762 3,549 4,362 6,942
Natural gas sales        
Revenues        
Revenues $ 3,482 $ 3,940 $ 7,902 $ 7,704