XML 15 R4.htm IDEA: XBRL DOCUMENT v3.19.2
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Operating Revenues:        
Total operating revenues $ 107,584 $ 110,398 $ 209,564 $ 191,208
Operating Expenses:        
Production tax expense 8,905 9,684 12,798 14,859
Exploration expense 12 7 37 20
Impairment, dry hole costs and abandonment expense 995 108 1,317 425
(Gain) loss on sale of properties 2,906 564 2,901 972
Depreciation, depletion and amortization 72,612 52,175 145,222 93,160
Unused commitments 4,352 4,572 8,821 9,110
General and administrative expense 12,401 11,624 25,061 21,731
Merger transaction expense 0 1,277 2,414 6,040
Other operating expenses, net 4 9 (20) 48
Total operating expenses 114,701 88,626 224,065 161,641
Operating Income (Loss) (7,117) 21,772 (14,501) 29,567
Other Income and Expense:        
Interest and other income 154 701 468 1,392
Interest expense (14,381) (13,093) (28,060) (26,183)
Commodity derivative gain (loss) 19,544 (56,286) (85,647) (76,619)
Total other income and expense 5,317 (68,678) (113,239) (101,410)
Income (Loss) before Income Taxes (1,800) (46,906) (127,740) (71,843)
(Provision for) Benefit from Income Taxes (110) 0 29,601 0
Net Income (Loss) $ (1,910) $ (46,906) $ (98,139) $ (71,843)
Net Income (Loss) Per Common Share, Basic (in dollars per share) $ (0.01) $ (0.22) $ (0.47) $ (0.43)
Net Income (Loss) Per Common Share, Diluted (in dollars per share) $ (0.01) $ (0.22) $ (0.47) $ (0.43)
Weighted Average Common Shares Outstanding, Basic 210,377,152 209,393,002 210,155,678 166,731,287
Weighted Average Common Shares Outstanding, Diluted 210,377,152 209,393,002 210,155,678 166,731,287
Oil, gas and NGL production        
Operating Revenues:        
Production and other revenues $ 107,486 $ 110,118 $ 209,191 $ 190,949
Other operating revenues, net        
Operating Revenues:        
Production and other revenues 98 280 373 259
Lease operating expense        
Operating Expenses:        
Cost of goods and services 10,772 7,594 22,049 13,845
Gathering, transportation and processing expense        
Operating Expenses:        
Cost of goods and services $ 1,742 $ 1,012 $ 3,465 $ 1,431