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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, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Operating revenues and other income:        
Oil, gas, and NGL production revenue $ 169,790 $ 406,854 $ 524,023 $ 747,330
Net gain on divestiture activity 91 262 91 323
Other operating revenues (249) 56 1,252 449
Total operating revenues and other income 169,632 407,172 525,366 748,102
Operating expenses:        
Oil, gas, and NGL production expense 80,445 123,050 199,997 244,355
Depletion, depreciation, amortization, and asset retirement obligation liability accretion 180,856 206,330 414,345 384,076
Exploration 9,787 10,877 21,136 22,225
Impairment [1] 8,750 12,417 998,513 18,755
General and administrative 27,227 30,920 54,674 63,006
Net derivative (gain) loss 167,200 (79,655) (378,140) 97,426
Other operating (income) expense, net 8,046 (934) 8,612 (599)
Total operating expenses 482,311 303,005 1,319,137 829,244
Income (loss) from operations (312,679) 104,167 (793,771) (81,142)
Interest expense (40,354) (39,627) (81,866) (77,607)
Gain on extinguishment of debt 227,281 0 239,476 0
Other non-operating expense, net (185) (562) (679) (879)
Income (loss) before income taxes (125,937) 63,978 (636,840) (159,628)
Income tax (expense) benefit 36,685 (13,590) 135,693 32,448
Net income (loss) $ (89,252) $ 50,388 $ (501,147) $ (127,180)
Basic weighted-average common shares outstanding 113,008 112,262 113,015 112,257
Diluted weighted-average common shares outstanding 113,008 112,932 113,015 112,257
Basic net income (loss) per common share $ (0.79) $ 0.45 $ (4.43) $ (1.13)
Diluted net income (loss) per common share (0.79) 0.45 (4.43) (1.13)
Dividends per common share $ 0 $ 0 $ 0.01 $ 0.05
[1] (2) Amounts may not calculate due to rounding.