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Unaudited Condensed Consolidated Statements Of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues        
Revenues $ 46,027 $ 17,220 $ 85,838 $ 54,250
Expenses        
Lease operating 3,933 4,028 8,379 11,667
Production and ad valorem taxes 2,497 1,721 4,917 4,091
Depreciation, depletion and amortization 5,860 16,575 11,169 40,929
Loss on sale and disposal of oil and gas properties 0 1,254 0 1,254
Impairment of oil and gas properties 0 0 0 199,908
General and administrative 5,962 5,981 9,939 8,856
Other (income) expense (143) 58 (138) (139)
Total expenses 19,629 30,492 37,328 269,591
Income (loss) from operations 26,398 (13,272) 48,510 (215,341)
Other (expense) income        
Interest expense (4,323) (10,512) (8,430) (22,122)
Change in fair value of warrants 0 0 0 363
(Loss) gain on derivative financial instruments (39,892) (21,141) (64,059) 80,029
Total other (expense) income (44,215) (31,653) (72,489) 58,270
Loss before income taxes (17,817) (44,925) (23,979) (157,071)
Income tax benefit (expense) 0 4,332 (160) 5,687
Net loss (17,817) (40,593) (24,139) (151,384)
Preferred stock dividends 0 (2,308) 0 (4,566)
Net loss income attributable to common stockholders $ (17,817) $ (42,901) $ (24,139) $ (155,950)
Net loss per common share        
Basic (in dollars per share) $ (1.77) $ (1.70) $ (2.40) $ (6.20)
Diluted (in dollars per share) $ (1.77) $ (1.70) $ (2.40) $ (6.20)
Weighted average common shares outstanding        
Basic (in shares) 10,092,980 25,307,714 10,046,821 25,154,151
Diluted (in shares) 10,092,980 25,307,714 10,046,821 25,154,151
Oil sales        
Revenues        
Revenues $ 36,369 $ 11,976 $ 64,234 $ 41,986
Natural gas liquid sales        
Revenues        
Revenues 4,940 1,762 9,239 4,362
Natural gas sales        
Revenues        
Revenues 4,718 3,482 12,365 7,902
Gas gathering, processing and transportation        
Expenses        
Cost of goods and services sold $ 1,520 $ 875 $ 3,062 $ 3,025