Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

v3.22.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues:        
Total revenues $ 273,808 $ 132,828 $ 464,812 $ 258,476
Operating expenses:        
Lease operating expenses 52,976 47,552 96,387 89,909
Gathering, transportation and production taxes 9,181 6,780 14,448 13,095
Depreciation, depletion, and amortization 27,679 24,924 52,354 45,694
Asset retirement obligations accretion 6,681 6,028 12,917 11,895
General and administrative expenses 14,967 13,986 28,743 24,698
Total operating expenses 111,484 99,270 204,849 185,291
Operating income 162,324 33,558 259,963 73,185
Interest expense, net 18,183 16,530 38,066 31,564
Derivative (gain) loss (8,854) 81,440 71,143 106,020
Other (income) expense, net (1,534)   (629) 963
Income (loss) before income taxes 154,529 (64,412) 151,383 (65,362)
Income tax expense (benefit) 31,093 (12,740) 30,404 (12,944)
Net income (loss) $ 123,436 $ (51,672) $ 120,979 $ (52,418)
Net income (loss) per common share:        
Basic $ 0.86 $ (0.36) $ 0.85 $ (0.37)
Diluted $ 0.85 $ (0.36) $ 0.84 $ (0.37)
Weighted average common shares outstanding        
Basic 143,020 142,244 142,981 142,197
Diluted 144,525 142,244 144,094 142,197
Oil and Condensate [Member]        
Revenues:        
Total revenues $ 159,264 $ 88,013 $ 281,966 $ 166,153
Natural Gas Liquids [Member]        
Revenues:        
Total revenues 16,735 8,833 30,555 18,193
Natural Gas, Production [Member]        
Revenues:        
Total revenues 92,413 32,470 143,779 68,679
Product and Service, Other [Member]        
Revenues:        
Total revenues $ 5,396 $ 3,512 $ 8,512 $ 5,451