Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

v3.22.4
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues:      
Total revenues $ 920,997 $ 558,010 $ 346,634
Operating expenses:      
Lease operating expenses 224,414 174,582 162,857
Gathering, transportation and production taxes 35,128 27,919 20,947
Depreciation, depletion, and amortization 107,122 90,522 97,763
Asset retirement obligations accretion 26,508 22,925 22,521
General and administrative expenses 73,747 52,400 41,745
Total operating expenses 466,919 368,348 345,833
Operating income 454,078 189,662 801
Interest expense, net 69,441 70,049 61,463
Derivative loss (gain) 85,533 175,313 (23,808)
Gain on debt transactions 0 0 (47,469)
Other expense (income), net 14,295 (6,165) 2,978
Income (loss) before income taxes 284,809 (49,535) 7,637
Income tax expense (benefit) 53,660 (8,057) (30,153)
Net income (loss) $ 231,149 $ (41,478) $ 37,790
Net income (loss) per common share:      
Basic $ 1.61 $ (0.29) $ 0.26
Diluted $ 1.59 $ (0.29) $ 0.26
Weighted average common shares outstanding:      
Basic 143,143 142,271 141,622
Diluted 145,090 142,271 143,277
Oil and Condensate [Member]      
Revenues:      
Total revenues $ 524,274 $ 329,557 $ 216,419
Natural Gas Liquids [Member]      
Revenues:      
Total revenues 56,964 44,343 19,101
Natural Gas, Production [Member]      
Revenues:      
Total revenues 323,831 173,749 99,300
Product and Service, Other [Member]      
Revenues:      
Total revenues $ 15,928 $ 10,361 $ 11,814