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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) (in thousands, except per share data) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Operating revenues and other income:        
Oil, gas, and NGL production revenue $ 406,854 [1] $ 402,558 [1] $ 747,330 [2] $ 785,444 [2]
Net gain on divestiture activity 262 39,501 323 424,870
Other operating revenues 56 1,857 449 3,197
Total operating revenues and other income 407,172 443,916 748,102 1,213,511
Operating expenses:        
Oil, gas, and NGL production expense 123,050 117,400 244,355 238,279
Depletion, depreciation, amortization, and asset retirement obligation liability accretion 206,330 151,765 384,076 282,238
Exploration 10,877 14,056 22,225 27,783
Abandonment and impairment of unproved properties 12,417 11,935 18,755 17,560
General and administrative 30,920 28,920 63,006 56,602
Net derivative (gain) loss (79,655) 63,749 97,426 71,278
Other operating expenses, net (934) (57) (599) 4,555
Total operating expenses 303,005 387,768 829,244 698,295
Income (loss) from operations 104,167 56,148 (81,142) 515,216
Interest expense (39,627) (41,654) (77,607) (84,739)
Other non-operating income (expense), net (562) 1,802 (879) 2,211
Income (loss) before income taxes 63,978 16,296 (159,628) 432,688
Income tax (expense) benefit (13,590) 901 32,448 (98,090)
Net income (loss) $ 50,388 $ 17,197 $ (127,180) $ 334,598
Basic weighted-average common shares outstanding 112,262 111,701 112,257 111,698
Diluted weighted-average common shares outstanding 112,932 113,630 112,257 113,267
Basic net income (loss) per common share $ 0.45 $ 0.15 $ (1.13) $ 3.00
Diluted net income (loss) per common share 0.45 0.15 (1.13) 2.95
Dividends per common share $ 0 $ 0 $ 0.05 $ 0.05
[1]
Note: Amounts may not calculate due to rounding.
[2]
Note: Amounts may not calculate due to rounding.