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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating Revenues      
Total operating revenues $ 452,659 $ 453,017 $ 252,839
Operating Expenses      
Production tax expense 23,541 36,762 14,476
Exploration expense 143 70 83
Impairment and abandonment expense 9,642 719 49,553
(Gain) loss on sale of properties 2,901 1,046 (92)
Depreciation, depletion and amortization 321,276 228,480 159,964
Unused commitments 17,706 18,187 18,231
General and administrative expense 44,759 45,130 42,476
Merger transaction expense 4,492 7,991 8,749
Other operating expenses, net 402 1,273 (1,514)
Total operating expenses 473,343 372,152 318,764
Operating Income (Loss) (20,684) 80,865 (65,925)
Other Income and Expense:      
Interest and other income 791 1,793 1,359
Interest expense (58,100) (52,703) (57,710)
Commodity derivative gain (loss) (98,953) 93,349 (9,112)
Gain (loss) on extinguishment of debt 0 (257) (8,239)
Total other income (expense) (156,262) 42,182 (73,702)
Income (Loss) before Income Taxes (176,946) 123,047 (139,627)
(Provision for) Benefit from Income Taxes 42,116 (1,827) 1,402
Net income (loss) $ (134,830) $ 121,220 $ (138,225)
Net Income (Loss) Per Common Share, Basic (in dollars per share) $ (0.64) $ 0.64 $ (1.80)
Net Income (Loss) Per Common Share, Diluted (in dollars per share) $ (0.64) $ 0.64 $ (1.80)
Weighted Average Common Shares Outstanding, Basic (in shares) 210,391,669 188,299,074 76,858,815
Weighted Average Common Shares Outstanding, Diluted (in shares) 210,391,669 189,241,036 76,858,815
Oil, gas and NGL production      
Operating Revenues      
Production and other revenues $ 452,274 $ 452,917 $ 251,215
Other operating revenues, net      
Operating Revenues      
Production and other revenues 385 100 1,624
Lease operating expense      
Operating Expenses      
Cost of goods and services 37,796 27,850 24,223
Gathering, transportation and processing expense      
Operating Expenses      
Cost of goods and services $ 10,685 $ 4,644 $ 2,615