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Unaudited Condensed Consolidated Statements Of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues        
Revenues $ 32,109 $ 53,145 $ 86,360 $ 146,101
Expenses        
Lease operating 4,763 8,948 16,430 23,472
Production and ad valorem taxes 1,994 3,017 6,084 8,126
Depreciation, depletion and amortization 18,256 24,635 59,184 64,120
Loss on sale and disposal of oil and gas properties 0 483 1,254 33,530
Impairment of oil and gas properties 0 0 199,908 0
General and administrative 15,808 4,124 24,664 12,345
Other expense (income) 121 (2) (15) (4)
Total expenses 42,833 42,312 312,425 144,812
(Loss) income from operations (10,724) 10,833 (226,065) 1,289
Other (expense) income        
Interest expense (11,399) (11,295) (33,521) (32,730)
Change in fair value of warrants 0 (100) 363 594
(Loss) gain on derivative financial instruments (9,656) 21,546 70,373 (5,177)
Reorganization items, net (3,072) 0 (3,072) 0
Total other (expense) income (24,127) 10,151 34,143 (37,313)
(Loss) income before income taxes (34,851) 20,984 (191,922) (36,024)
Income tax benefit (expense) 49 (4,767) 5,736 6,966
Net (loss) income (34,802) 16,217 (186,186) (29,058)
Preferred stock dividends 0 (2,159) (4,566) (6,336)
Undeclared cumulative preferred stock dividends (3,671) 0 (3,671) 0
Total net (loss) income attributable to common stockholders $ (38,473) $ 14,058 $ (194,423) $ (35,394)
Net (loss) income per common share        
Basic (in dollars per share) $ (1.52) $ 0.34 $ (7.70) $ (1.42)
Diluted (in dollars per share) $ (1.52) $ 0.33 $ (7.70) $ (1.42)
Weighted average common shares outstanding        
Basic (in shares) 25,361,361 24,933,853 25,238,972 24,852,994
Diluted (in shares) 25,361,361 25,331,810 25,238,972 24,852,994
Oil sales        
Revenues        
Revenues $ 24,524 $ 42,187 $ 66,510 $ 120,496
Natural gas liquid sales        
Revenues        
Revenues 3,202 3,439 7,565 10,381
Natural gas sales        
Revenues        
Revenues 4,383 7,519 12,285 15,224
Gas gathering, processing and transportation        
Expenses        
Gas gathering, processing and transportation $ 1,891 $ 1,107 $ 4,916 $ 3,223