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CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Operating Revenues:        
Total operating revenues $ 121,282 $ 131,126 $ 330,846 $ 322,334
Operating Expenses:        
Production tax expense 7,868 11,504 20,666 26,363
Exploration expense 56 19 93 39
Impairment, dry hole costs and abandonment expense 1,170 184 2,487 609
(Gain) loss on sale of properties 0 74 2,901 1,046
Depreciation, depletion and amortization 84,948 58,946 230,170 152,106
Unused commitments 4,418 4,574 13,239 13,684
General and administrative expense 11,048 12,696 36,109 34,427
Merger transaction expense 2,078 100 4,492 6,140
Other operating expenses, net 230 (764) 210 (716)
Total operating expenses 121,812 95,968 345,877 257,609
Operating Income (Loss) (530) 35,158 (15,031) 64,725
Other Income and Expense:        
Interest and other income 94 451 562 1,843
Interest expense (15,167) (13,165) (43,227) (39,348)
Commodity derivative gain (loss) 31,047 (51,547) (54,600) (128,166)
Gain (loss) on extinguishment of debt 0 (257) 0 (257)
Total other income and expense 15,974 (64,518) (97,265) (165,928)
Income (Loss) before Income Taxes 15,444 (29,360) (112,296) (101,203)
(Provision for) Benefit from Income Taxes (4,330) 0 25,271 0
Net Income (Loss) $ 11,114 $ (29,360) $ (87,025) $ (101,203)
Net Income (Loss) Per Common Share, Basic (in dollars per share) $ 0.05 $ (0.14) $ (0.41) $ (0.56)
Net Income (Loss) Per Common Share, Diluted (in dollars per share) $ 0.05 $ (0.14) $ (0.41) $ (0.56)
Weighted Average Common Shares Outstanding, Basic (in shares) 210,549,653 209,501,887 210,288,446 181,144,822
Weighted Average Common Shares Outstanding, Diluted (in shares) 210,937,271 209,501,887 210,288,446 181,144,822
Oil, gas and NGL production        
Operating Revenues:        
Production and other revenues $ 121,281 $ 131,585 $ 330,472 $ 322,534
Other operating revenues, net        
Operating Revenues:        
Production and other revenues 1 (459) 374 (200)
Lease operating expense        
Operating Expenses:        
Cost of goods and services 8,385 7,237 30,434 21,082
Gathering, transportation and processing expense        
Operating Expenses:        
Cost of goods and services $ 1,611 $ 1,398 $ 5,076 $ 2,829