Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.20.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues:        
Total revenues $ 55,241 $ 134,701 $ 179,369 $ 250,781
Operating costs and expenses:        
Lease operating expenses 28,313 40,341 83,088 83,797
Production taxes 1,143 317 2,059 733
Gathering and transportation 3,301 7,068 8,750 13,491
Depreciation, depletion, amortization and accretion 29,483 38,073 68,609 71,839
General and administrative expenses 5,628 13,328 19,591 27,437
Derivative loss (gain) 15,414 (1,805) (46,498) 47,081
Total costs and expenses 83,282 97,322 135,599 244,378
Operating (loss) income (28,041) 37,379 43,770 6,403
Interest expense, net 14,816 12,207 31,926 28,489
Gain on purchase of debt (28,968) 0 (47,469) 0
Other expense, net 751 478 1,474 809
(Loss) income before income tax benefit (14,640) 24,694 57,839 (22,895)
Income tax benefit (8,736) (11,695) (2,237) (11,523)
Net (loss) income $ (5,904) $ 36,389 $ 60,076 $ (11,372)
Basic and diluted (loss) earnings per common share (in dollars per share) $ (0.04) $ 0.25 $ 0.42 $ (0.08)
Oil and Condensate [Member]        
Revenues:        
Total revenues $ 30,645 $ 109,195 $ 115,295 $ 195,898
Natural Gas Liquids [Member]        
Revenues:        
Total revenues 1,917 4,640 8,369 11,088
Natural Gas, Production [Member]        
Revenues:        
Total revenues 21,364 19,567 50,664 41,405
Product and Service, Other [Member]        
Revenues:        
Total revenues $ 1,315 $ 1,299 $ 5,041 $ 2,390