Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.19.3
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues:        
Total revenues $ 132,221 $ 153,459 $ 383,002 $ 437,284
Operating costs and expenses:        
Lease operating expenses 47,185 37,430 130,982 109,855
Production taxes 588 432 1,321 1,326
Gathering and transportation 5,955 5,779 19,446 15,764
Depreciation, depletion, amortization and accretion 38,841 36,969 110,680 114,807
General and administrative expenses 10,106 15,990 37,543 45,248
Derivative (gain) loss (5,853) (288) 41,228 5,931
Total costs and expenses 96,822 96,312 341,200 292,931
Operating income 35,399 57,147 41,802 144,353
Interest expense, net 14,445 10,727 42,934 33,475
Other expense, net 555 18 1,364 532
Income (loss) before income tax (benefit) expense 20,399 46,402 (2,496) 110,346
Income tax (benefit) expense (55,500) 142 (67,023) 363
Net income $ 75,899 $ 46,260 $ 64,527 $ 109,983
Basic and diluted earnings per common share (in dollars per share) $ 0.53 $ 0.32 $ 0.45 $ 0.76
Oil and Condensate [Member]        
Revenues:        
Total revenues $ 102,786 $ 119,482 $ 298,684 $ 333,406
Natural Gas Liquids [Member]        
Revenues:        
Total revenues 4,373 10,087 15,461 28,481
Natural Gas, Production [Member]        
Revenues:        
Total revenues 23,686 22,641 65,091 71,485
Product and Service, Other [Member]        
Revenues:        
Total revenues $ 1,376 $ 1,249 $ 3,766 $ 3,912