Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues:        
Total revenues $ 149,612 $ 123,323 $ 283,825 $ 247,716
Operating costs and expenses:        
Lease operating expenses 35,582 31,519 72,425 71,683
Production taxes 439 449 894 964
Depreciation, depletion, amortization and accretion 39,757 40,364 77,838 80,354
General and administrative expenses 14,220 16,474 29,258 29,748
Derivative (gain) loss 6,219 (3,689) 6,219 (7,644)
Total costs and expenses 101,145 90,435 196,619 186,632
Operating income 48,467 32,888 87,206 61,084
Interest expense 12,147 11,436 23,470 22,730
Gain on exchange of debt   8,056   7,811
Other (income) expense, net 125 5,168 (208) 5,114
Income before income tax expense (benefit) 36,195 24,340 63,944 41,051
Income tax expense (benefit) 112 (8,975) 221 (16,563)
Net income $ 36,083 $ 33,315 $ 63,723 $ 57,614
Basic and diluted earnings per common share $ 0.25 $ 0.23 $ 0.44 $ 0.40
Oil        
Revenues:        
Total revenues $ 116,618 $ 85,622 $ 213,924 $ 170,593
NGLs        
Revenues:        
Total revenues 8,734 7,054 18,394 15,796
Natural gas        
Revenues:        
Total revenues 22,977 29,258 48,844 59,016
Other        
Revenues:        
Total revenues 1,283 1,389 2,663 2,311
Gathering and transportation        
Operating costs and expenses:        
Operating costs and expenses $ 4,928 $ 5,318 $ 9,985 $ 11,527