XML 56 R4.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
REVENUES    
Total revenues $ 181,365 $ 218,674
OPERATING EXPENSES    
Lease operating expenses 24,163 21,518
Gathering, transportation, and processing 8,020 9,315
Taxes other than income 10,018 14,401
Exploration expense 556,427 2,476
Impairment of oil and natural gas properties 1,381,258 0
Asset retirement obligation accretion 1,438 1,328
Depreciation, depletion and amortization 142,671 115,946
Amortization of intangible assets 3,626 3,626
General and administrative expenses 18,080 16,196
Transaction related costs 0 353
Total operating costs and expenses 2,145,701 185,159
OPERATING INCOME (LOSS) (1,964,336) 33,515
OTHER INCOME (EXPENSE)    
Income from equity method investee 440 388
Interest expense, net (6,757) (7,416)
Other income (expense), net (472) 1
Total other income (expense) (6,789) (7,027)
INCOME (LOSS) BEFORE INCOME TAXES (1,971,125) 26,488
Income tax expense (benefit) (75,826) 3,775
NET INCOME (LOSS) (1,895,299) 22,713
LESS: Net income (loss) attributable to noncontrolling interest (668,289) 9,687
NET INCOME (LOSS) ATTRIBUTABLE TO CLASS A COMMON STOCK $ (1,227,010) $ 13,026
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING    
Basic (in shares) 167,149 156,322
Diluted (in shares) 167,149 158,140
Class A Common Stock    
NET INCOME (LOSS) PER SHARE OF CLASS A COMMON STOCK    
Basic (in dollars per share) $ (7.34) $ 0.08
Diluted (in dollars per share) $ (7.34) $ 0.08
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING    
Basic (in shares) 167,149 156,322
Diluted (in shares) 167,149 158,140
Oil revenues    
REVENUES    
Total revenues $ 154,686 $ 171,654
Natural gas revenues    
REVENUES    
Total revenues 16,175 27,375
Natural gas liquids revenues    
REVENUES    
Total revenues $ 10,504 $ 19,645