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CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Operating Revenues:        
Total operating revenues $ 43,300 $ 107,584 $ 122,866 $ 209,564
Operating Expenses:        
Production tax expense 1,449 8,905 (1,059) 12,798
Exploration expense 21 12 52 37
Impairment and abandonment expense 810 995 1,266,236 1,317
(Gain) loss on sale of properties 4,779 2,906 4,779 2,901
Depreciation, depletion and amortization 24,908 72,612 99,833 145,222
Unused commitments 4,378 4,352 8,836 8,821
General and administrative expense 12,890 12,401 23,105 25,061
Merger transaction expense 0 0 0 2,414
Other operating expenses, net (557) 4 (502) (20)
Total operating expenses 62,006 114,701 1,430,101 224,065
Operating Income (Loss) (18,706) (7,117) (1,307,235) (14,501)
Other Income and Expense:        
Interest and other income (expense) 259 154 64 468
Interest expense (15,388) (14,381) (29,771) (28,060)
Commodity derivative gain (loss) (33,793) 19,544 158,395 (85,647)
Total other income and expense (48,922) 5,317 128,688 (113,239)
Income (Loss) before Income Taxes (67,628) (1,800) (1,178,547) (127,740)
(Provision for) Benefit from Income Taxes 0 (110) 95,280 29,601
Net Income (Loss) $ (67,628) $ (1,910) $ (1,083,267) $ (98,139)
Net Income (Loss) Per Common Share, Basic (in dollars per share) $ (0.32) $ (0.01) $ (5.12) $ (0.47)
Net Income (Loss) Per Common Share, Diluted (in dollars per share) $ (0.32) $ (0.01) $ (5.12) $ (0.47)
Weighted Average Common Shares Outstanding, Basic (in shares) 211,894,790 210,377,152 211,503,310 210,155,678
Weighted Average Common Shares Outstanding, Diluted (in shares) 211,894,790 210,377,152 211,503,310 210,155,678
Oil, gas and NGL production        
Operating Revenues:        
Production and other revenues $ 43,300 $ 107,486 $ 122,866 $ 209,191
Other operating revenues, net        
Operating Revenues:        
Production and other revenues 0 98 0 373
Lease operating expense        
Operating Expenses:        
Cost of goods and services 9,074 10,772 20,155 22,049
Gathering, transportation and processing expense        
Operating Expenses:        
Cost of goods and services $ 4,254 $ 1,742 $ 8,666 $ 3,465