Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.19.3.a.u2
Consolidated Statements of Operations - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenues:      
Total revenues $ 534,896 $ 580,706 $ 487,096
Operating costs and expenses:      
Lease operating expenses 184,281 153,262 143,738
Production taxes 2,524 1,832 1,740
Gathering and transportation 25,950 22,382 20,441
Depreciation, depletion and amortization 129,038 131,423 138,510
Asset retirement obligations accretion 19,460 18,431 17,172
General and administrative expenses 55,107 60,147 59,744
Derivative loss (gain) 59,887 (53,798) (4,199)
Total costs and expenses 476,247 333,679 377,146
Operating income 58,649 247,027 109,950
Interest expense, net 59,569 48,645 45,521
Gain on debt transactions 47,109 7,811
Other expense (income), net 188 (3,871) 5,127
(Loss) income before income tax (benefit) expense (1,108) 249,362 67,113
Income tax (benefit) expense (75,194) 535 (12,569)
Net income $ 74,086 $ 248,827 $ 79,682
Basic and diluted earnings per common share (in dollars per share) $ 0.52 $ 1.72 $ 0.56
Oil and Condensate [Member]      
Revenues:      
Total revenues $ 399,790 $ 438,798 $ 340,010
Natural Gas Liquids [Member]      
Revenues:      
Total revenues 22,373 37,127 32,257
Natural Gas, Production [Member]      
Revenues:      
Total revenues 106,347 99,629 108,923
Product and Service, Other [Member]      
Revenues:      
Total revenues $ 6,386 $ 5,152 $ 5,906