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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues        
Total revenues $ 519,085 $ 303,768 $ 932,651 $ 570,676
Operating expenses:        
Lease operating expense 87,582 72,013 147,396 138,641
Production taxes 864 953 1,715 1,775
Depreciation, depletion and amortization 104,511 99,841 202,851 201,498
Accretion expense 14,844 15,457 29,221 30,442
General and administrative expense 22,925 19,377 45,453 38,566
Other operating expense 12,372 2,783 12,508 1,783
Total operating expenses 243,098 210,424 439,144 412,705
Operating income 275,987 93,344 493,507 157,971
Interest expense (30,776) (33,570) (62,266) (67,646)
Price risk management activities expense (64,094) (186,617) (345,313) (324,125)
Equity method investment income 13,466 0 13,608 0
Other income (expense) 3,165 1,559 31,299 (12,391)
Net income (loss) before income taxes 197,748 (125,284) 130,835 (246,191)
Income tax expense (2,607) (498) (2,135) (1,082)
Net income (loss) $ 195,141 $ (125,782) $ 128,700 $ (247,273)
Net income (loss) per common share:        
Basic $ 2.36 $ (1.54) $ 1.56 $ (3.03)
Diluted $ 2.33 $ (1.54) $ 1.55 $ (3.03)
Weighted average common shares outstanding:        
Basic 82,566 81,823 82,320 81,630
Diluted 83,665 81,823 83,247 81,630
Oil        
Revenues        
Revenues $ 429,329 $ 267,990 $ 783,215 $ 497,551
Natural Gas        
Revenues        
Revenues 70,406 26,131 113,387 54,365
NGL        
Revenues        
Revenues $ 19,350 $ 9,647 $ 36,049 $ 18,760