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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenues:    
Other $ 8 $ 4
Total revenue 15,726 34,514
Operating costs and expenses:    
Lease operating 5,286 7,734
Production and ad valorem taxes 1,537 3,098
Rig expense 299 672
Depreciation, depletion, amortization and accretion 9,279 13,574
Proved property impairment 26,659
General and administrative (including stock-based compensation of $230 and $373) 2,447 2,728
Total operating cost and expenses 45,507 27,806
Operating (loss) income (29,781) 6,708
Other (income) expense:    
Interest income (9)
Interest expense 4,386 2,967
Amortization of deferred financing fees 129 121
(Gain) 1oss on derivative contracts (75,730) 29,075
Total other (income) expense (71,224) 32,163
Income (loss) before income tax 41,443 (25,455)
Income tax (expense) benefit 0 0
Net income (loss) $ 41,443 $ (25,455)
Net income (loss) per common share - basic (in dollars per share) $ 0.24 $ (0.15)
Net income (loss) per common share - diluted (in dollars per share) $ 0.24 $ (0.15)
Weighted average shares outstanding:    
Basic (in shares) 169,723 166,041
Diluted (in shares) 169,723 166,041
Oil Revenues [Member]    
Revenues:    
Revenues $ 15,535 $ 31,981
Gas Revenues [Member]    
Revenues:    
Revenues 86 1,473
Natural Gas Liquids Revenues [Member]    
Revenues:    
Revenues $ 97 $ 1,056