Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.20.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenues:    
Total revenues $ 124,128 $ 116,080
Operating costs and expenses:    
Lease operating expenses 54,775 43,456
Production taxes 916 416
Gathering and transportation 5,449 6,423
Depreciation, depletion, amortization and accretion 39,126 33,766
General and administrative expenses 13,963 14,109
Derivative (gain) loss (61,912) 48,886
Total costs and expenses 52,317 147,056
Operating income (loss) 71,811 (30,976)
Interest expense, net 17,110 16,282
Gain on purchase of debt (18,501)
Other expense, net 723 331
Income (loss) before income tax expense 72,479 (47,589)
Income tax expense 6,499 172
Net income (loss) $ 65,980 $ (47,761)
Basic and diluted earnings (loss) per common share (in dollars per share) $ 0.46 $ (0.34)
Oil and Condensate [Member]    
Revenues:    
Total revenues $ 84,650 $ 86,703
Natural Gas Liquids [Member]    
Revenues:    
Total revenues 6,452 6,448
Natural Gas, Production [Member]    
Revenues:    
Total revenues 29,300 21,838
Product and Service, Other [Member]    
Revenues:    
Total revenues $ 3,726 $ 1,091