Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations

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Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues:        
Total revenues $ 132,828 $ 55,241 $ 258,476 $ 179,369
Operating costs and expenses:        
Lease operating expenses 47,552 28,313 89,909 83,088
Production taxes 1,956 1,143 3,952 2,059
Gathering and transportation 4,824 3,301 9,143 8,750
Depreciation, depletion, amortization and accretion 30,952 29,483 57,589 68,609
General and administrative expenses 13,986 5,628 24,698 19,591
Derivative loss (gain) 81,440 15,414 106,020 (46,498)
Total costs and expenses 180,710 83,282 291,311 135,599
Operating (loss) income (47,882) (28,041) (32,835) 43,770
Interest expense, net 16,530 14,816 31,564 31,926
Gain on debt transactions 0 (28,968) 0 (47,469)
Other expense, net   751 963 1,474
(Loss) income before income taxes (64,412) (14,640) (65,362) 57,839
Income tax benefit (12,740) (8,736) (12,944) (2,237)
Net (loss) income $ (51,672) $ (5,904) $ (52,418) $ 60,076
Basic and diluted (loss) earnings per common share (in dollars per share) $ (0.36) $ (0.04) $ (0.37) $ 0.42
Oil and Condensate [Member]        
Revenues:        
Total revenues $ 88,013 $ 30,645 $ 166,153 $ 115,295
Natural Gas Liquids [Member]        
Revenues:        
Total revenues 8,833 1,917 18,193 8,369
Natural Gas, Production [Member]        
Revenues:        
Total revenues 32,470 21,364 68,679 50,664
Product and Service, Other [Member]        
Revenues:        
Total revenues $ 3,512 $ 1,315 $ 5,451 $ 5,041