Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

v3.23.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues:        
Total revenues $ 126,181 $ 273,808 $ 257,906 $ 464,812
Operating expenses:        
Lease operating expenses 66,021 52,976 131,207 96,387
Gathering, transportation and production taxes 6,802 9,181 12,938 14,448
Depreciation, depletion, and amortization 28,177 27,679 50,801 52,354
Asset retirement obligations accretion 7,717 6,681 15,227 12,917
General and administrative expenses 17,393 14,967 37,312 28,743
Total operating expenses 126,110 111,484 247,485 204,849
Operating income 71 162,324 10,421 259,963
Interest expense, net 10,323 18,183 25,036 38,066
Derivative (gain) loss, net (829) (8,854) (40,069) 71,143
Other (income) expense, net (311) (1,534) (78) (629)
Income (loss) before income taxes (9,112) 154,529 25,532 151,383
Income tax expense 2,997 31,093 11,636 30,404
Net (loss) income $ (12,109) $ 123,436 $ 13,896 $ 120,979
Net income per common share:        
Basic $ (0.08) $ 0.86 $ 0.09 $ 0.85
Diluted $ (0.08) $ 0.85 $ 0.09 $ 0.84
Weighted average common shares outstanding:        
Basic 146,452 143,020 146,435 142,981
Diluted 146,452 144,525 149,045 144,094
Oil and Condensate [Member]        
Revenues:        
Total revenues $ 89,982 $ 159,264 $ 186,982 $ 281,966
Natural Gas Liquids [Member]        
Revenues:        
Total revenues 10,385 16,735 18,180 30,555
Natural Gas, Production [Member]        
Revenues:        
Total revenues 23,438 92,413 48,242 143,779
Product and Service, Other [Member]        
Revenues:        
Total revenues $ 2,376 $ 5,396 $ 4,502 $ 8,512