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 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues:        
Total revenues $ 72,517 $ 132,221 $ 251,886 $ 383,002
Operating costs and expenses:        
Lease operating expenses 36,437 47,185 119,525 130,982
Production taxes 1,266 588 3,325 1,321
Gathering and transportation 3,560 5,955 12,310 19,446
Depreciation, depletion, amortization and accretion 25,127 38,841 93,736 110,680
General and administrative expenses 14,476 10,106 34,067 37,543
Derivative loss (gain) 11,161 (5,853) (35,337) 41,228
Total costs and expenses 92,027 96,822 227,626 341,200
Operating (loss) income (19,510) 35,399 24,260 41,802
Interest expense, net 14,135 14,445 46,061 42,934
Gain on purchase of debt 0 0 (47,469) 0
Other expense, net 751 555 2,225 1,364
(Loss) income before income tax benefit (34,396) 20,399 23,443 (2,496)
Income tax benefit (21,057) (55,500) (23,294) (67,023)
Net (loss) income $ (13,339) $ 75,899 $ 46,737 $ 64,527
Basic and diluted (loss) earnings per common share (in dollars per share) $ (0.09) $ 0.53 $ 0.33 $ 0.45
Oil and Condensate [Member]        
Revenues:        
Total revenues $ 46,589 $ 102,786 $ 161,884 $ 298,684
Natural Gas Liquids [Member]        
Revenues:        
Total revenues 4,464 4,373 12,833 15,461
Natural Gas, Production [Member]        
Revenues:        
Total revenues 19,213 23,686 69,877 65,091
Product and Service, Other [Member]        
Revenues:        
Total revenues $ 2,251 $ 1,376 $ 7,292 $ 3,766