Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.20.4
Consolidated Statements of Operations - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenues:      
Total revenues $ 346,634 $ 534,896 $ 580,706
Operating costs and expenses:      
Lease operating expenses 162,857 184,281 153,262
Production taxes 4,918 2,524 1,832
Gathering and transportation 16,029 25,950 22,382
Depreciation, depletion and amortization 97,763 129,038 131,423
Asset retirement obligations accretion 22,521 19,460 18,431
General and administrative expenses 41,745 55,107 60,147
Derivative loss (gain) (23,808) 59,887 (53,798)
Total costs and expenses 322,025 476,247 333,679
Operating income 24,609 58,649 247,027
Interest expense, net 61,463 59,569 48,645
Gain on debt transactions (47,469) 0 (47,109)
Other expense (income), net 2,978 188 (3,871)
Income (loss) before income tax (benefit) expense 7,637 (1,108) 249,362
Income tax (benefit) expense (30,153) (75,194) 535
Net income $ 37,790 $ 74,086 $ 248,827
Basic and diluted earnings per common share (in dollars per share) $ 0.26 $ 0.52 $ 1.72
Oil and Condensate [Member]      
Revenues:      
Total revenues $ 216,419 $ 399,790 $ 438,798
Natural Gas Liquids [Member]      
Revenues:      
Total revenues 19,101 22,373 37,127
Natural Gas, Production [Member]      
Revenues:      
Total revenues 99,300 106,347 99,629
Product and Service, Other [Member]      
Revenues:      
Total revenues $ 11,814 $ 6,386 $ 5,152