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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues:        
Crude oil, natural gas and NGLs sales $ 1,237,680 $ 533,141 $ 2,120,058 $ 1,001,260
Commodity price risk management gain (loss), net (101,976) (308,253) (670,031) (489,509)
Other income 2,787 3,981 4,912 3,154
Total revenues 1,138,491 228,869 1,454,939 514,905
Costs, expenses and other:        
Lease operating expense 70,611 42,395 124,767 84,199
Production taxes 89,251 26,968 152,167 56,460
Transportation, gathering and processing expense 29,584 25,989 57,555 47,721
Exploration, geologic and geophysical expense 320 286 573 640
General and administrative expense 45,649 32,843 79,756 65,520
Depreciation, depletion and amortization 191,061 162,210 342,116 308,973
Accretion of asset retirement obligations 3,352 3,232 6,339 6,360
Impairment of properties and equipment 510 62 1,453 252
Loss (gain) on sale of properties and equipment 498 (129) 373 (341)
Other expense 0 2,145 0 2,193
Total cost, expenses and other 430,836 296,001 765,099 571,977
Income (loss) from operations 707,655 (67,132) 689,840 (57,072)
Interest expense (17,565) (20,060) (30,510) (39,101)
Gain on bargain purchase 100,273 0 100,273 0
Income (loss) before income taxes 790,363 (87,192) 759,603 (96,173)
Income tax (expense) benefit (127,982) 155 (129,182) 100
Net income (loss) $ 662,381 $ (87,037) $ 630,421 $ (96,073)
Earnings per share:        
Basic $ 6.83 $ (0.88) $ 6.52 $ (0.97)
Diluted $ 6.74 $ (0.88) $ 6.42 $ (0.97)
Weighted-average common shares outstanding        
Basic 96,982 99,187 96,632 99,445
Diluted 98,246 99,187 98,150 99,445