Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenues:      
Total revenues $ 558,010 $ 346,634 $ 534,896
Operating expenses:      
Lease operating expenses 174,582 162,857 184,281
Production taxes 10,074 4,918 2,524
Gathering and transportation 17,845 16,029 25,950
Depreciation, depletion, and amortization 90,522 97,763 129,038
Asset retirement obligations accretion 22,925 22,521 19,460
General and administrative expenses 52,400 41,745 55,107
Total operating expenses 368,348 345,833 416,360
Operating income (loss) 189,662 801 118,536
Interest expense, net 70,049 61,463 59,569
Derivative loss (gain) 175,313 (23,808) 59,887
Gain on debt transactions 0 (47,469) 0
Other (income) expense, net (6,165) 2,978 188
(Loss) income before income taxes (49,535) 7,637 (1,108)
Income tax benefit (8,057) (30,153) (75,194)
Net (loss) income $ (41,478) $ 37,790 $ 74,086
Net (loss) income per common share:      
Basic $ (0.29) $ 0.26 $ 0.52
Diluted $ (0.29) $ 0.26 $ 0.52
Weighted average common shares outstanding      
Basic 142,271 141,622 140,583
Diluted 142,271 143,277 143,724
Oil and Condensate [Member]      
Revenues:      
Total revenues $ 329,557 $ 216,419 $ 399,790
Natural Gas Liquids [Member]      
Revenues:      
Total revenues 44,343 19,101 22,373
Natural Gas, Production [Member]      
Revenues:      
Total revenues 173,749 99,300 106,347
Product and Service, Other [Member]      
Revenues:      
Total revenues $ 10,361 $ 11,814 $ 6,386