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CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
OPERATING REVENUES    
Operating revenues $ 370,395 $ 633,424
Gain on derivative instruments 16,062 8,257
TOTAL OPERATING REVENUES 386,457 641,681
OPERATING EXPENSES    
Direct operations 17,244 18,334
Transportation and gathering 143,332 137,333
Taxes other than income 3,738 5,847
Exploration 2,190 6,044
Depreciation, depletion and amortization 100,135 92,258
General and administrative 33,429 31,090
TOTAL OPERATING EXPENSES 300,068 290,906
Earnings (loss) on equity method investments (59) 3,684
Gain (loss) on sale of assets 71 (1,500)
INCOME FROM OPERATIONS 86,401 352,959
Interest expense, net 14,211 12,181
Other expense 66 144
Income before income taxes 72,124 340,634
Income tax expense 18,214 77,871
NET INCOME $ 53,910 $ 262,763
Earnings per share    
Basic (in dollars per share) $ 0.14 $ 0.62
Diluted (in dollars per share) $ 0.13 $ 0.62
Weighted-average common shares outstanding    
Basic (in shares) 398,343 423,116
Diluted (in shares) 399,897 425,189
Natural gas    
OPERATING REVENUES    
Operating revenues $ 370,340 $ 633,174
Other    
OPERATING REVENUES    
Operating revenues $ 55 $ 250