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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues:        
Other $ 21 $ 12 $ 26 $ 49
Revenues 31,536 41,625 100,870 113,171
Operating costs and expenses:        
Lease operating 5,647 6,724 21,447 17,023
Production and ad valorem taxes 2,495 3,569 8,519 9,167
Rig expense 672
Depreciation, depletion, amortization and accretion 12,605 11,142 38,367 30,241
General and administrative (including stock-based compensation of $504; $428; $1,398 and $1,894, respectively) 2,736 2,586 8,169 8,379
Total operating cost and expenses 23,483 24,021 77,174 64,810
Operating income 8,053 17,604 23,696 48,361
Other (income) expense:        
Interest income (27) (50) (1)
Interest expense 2,951 1,952 8,706 4,644
Amortization of deferred financing fees 169 113 418 320
(Gain) 1oss on derivative contracts (12,081) 13,568 11,358 41,215
Loss on sale of non-oil and gas assets 194 181
Total other (income) expense (8,988) 15,827 20,432 46,359
Income before income tax 17,041 1,777 3,264 2,002
Income tax (expense) benefit 0 0 0 0
Net income $ 17,041 $ 1,777 $ 3,264 $ 2,002
Net income per common share - basic (in dollars per share) $ 0.10 $ 0.01 $ 0.02 $ 0.01
Net income per common share - diluted (in dollars per share) $ 0.10 $ 0.01 $ 0.02 $ 0.01
Weighted average shares outstanding:        
Basic (in shares) 166,572 165,392 166,046 165,083
Diluted (in shares) 169,599 167,629 166,493 167,865
Oil Revenues [Member]        
Revenues:        
Revenues $ 31,228 $ 37,039 $ 97,355 $ 100,505
Gas Revenues [Member]        
Revenues:        
Revenues 226 1,897 2,107 5,882
Natural Gas Liquids Revenues [Member]        
Revenues:        
Revenues $ 61 $ 2,677 $ 1,382 $ 6,735