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CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
OPERATING REVENUES        
Operating revenues $ 333,294 $ 418,051 $ 992,063 $ 1,521,943
(Loss) gain on derivative instruments (42,253) 11,060 17,783 82,966
TOTAL OPERATING REVENUES 291,041 429,111 1,009,846 1,604,909
OPERATING EXPENSES        
Direct operations 20,197 19,181 54,864 55,608
Transportation and gathering 146,982 145,681 425,563 424,703
Taxes other than income 3,615 4,607 10,705 14,094
Exploration 3,900 4,481 10,669 15,029
Depreciation, depletion and amortization 99,649 110,889 294,406 299,294
General and administrative 24,262 18,391 80,857 72,370
TOTAL OPERATING EXPENSES 298,605 303,230 877,064 881,098
Earnings (loss) on equity method investments 0 3,860 (59) 11,194
Gain (loss) on sale of assets 31 36 (139) (1,464)
(LOSS) INCOME FROM OPERATIONS (7,533) 129,777 132,584 733,541
Interest expense, net 14,389 13,554 43,143 40,302
Other expense 57 143 171 430
(Loss) income before income taxes (21,979) 116,080 89,270 692,809
Income tax (benefit) expense (7,018) 25,722 19,947 158,679
NET (LOSS) INCOME $ (14,961) $ 90,358 $ 69,323 $ 534,130
(Loss) earnings per share        
Basic (in dollars per share) $ (0.04) $ 0.22 $ 0.17 $ 1.27
Diluted (in dollars per share) $ (0.04) $ 0.22 $ 0.17 $ 1.27
Weighted-average common shares outstanding        
Basic (in shares) 398,580 412,456 398,500 419,199
Diluted (in shares) 398,580 414,462 400,628 421,101
Natural gas        
OPERATING REVENUES        
Operating revenues $ 333,256 $ 418,133 $ 991,882 $ 1,521,789
Other        
OPERATING REVENUES        
Operating revenues $ 38 $ (82) $ 181 $ 154