XML 14 R4.htm IDEA: XBRL DOCUMENT v3.22.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Income Statement [Abstract]        
Oil and gas sales $ 182,605 $ 69,861 $ 312,261 $ 156,602
Costs and Expenses [Abstract]        
General and administrative, net 5,710 4,834 10,497 9,616
Depreciation, depletion, and amortization 26,441 16,039 47,595 29,431
Accretion of asset retirement obligation 101 74 200 148
Lease operating costs 10,270 5,515 19,395 11,789
Workovers 2 76 649 90
Transportation and gas processing 6,769 6,206 13,121 11,262
Severance and other taxes 9,838 3,577 17,602 7,066
Operating Expenses 59,131 36,321 109,059 69,402
Operating Income (Loss) 123,474 33,540 203,202 87,200
Net gain (loss) on commodity derivatives (22,406) (46,067) (162,648) (64,326)
Interest expense, net (7,902) (7,436) (14,459) (14,454)
Other Nonoperating Income (Expense) (10) 12 52 9
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 93,156 (19,951) 26,147 8,429
Provision (Benefit) for Income Taxes 4,366 0 1,612 0
Net Income (Loss) $ 88,790 $ (19,951) $ 24,535 $ 8,429
Per Share Amounts-        
Earnings Per Share, Basic $ 5.05 $ (1.64) $ 1.43 $ 0.70
Earnings Per Share, Diluted $ 4.95 $ (1.64) $ 1.40 $ 0.68
Weighted Average Shares Outstanding - Basic 17,581 12,190 17,146 12,110
Weighted Average Shares Outstanding - Diluted 17,938 12,190 17,506 12,379