Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

v3.23.3
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues:        
Total revenues $ 142,411 $ 266,485 $ 400,316 $ 731,297
Operating expenses:        
Lease operating expenses 61,826 59,010 193,033 155,397
Gathering, transportation and production taxes 6,692 12,199 19,630 26,647
Depreciation, depletion, and amortization 30,218 27,493 81,019 79,848
Asset retirement obligations accretion 6,414 6,620 21,641 19,536
General and administrative expenses 19,978 23,047 57,290 51,790
Total operating expenses 125,128 128,369 372,613 333,218
Operating income 17,283 138,116 27,703 398,079
Interest expense, net 9,925 16,849 34,960 54,915
Derivative (gain) loss, net (1,491) 38,749 (41,560) 109,892
Other expense (income), net 1,927 (600) 1,849 (1,229)
Income before income taxes 6,922 83,118 32,454 234,501
Income tax expense 4,777 16,397 16,413 46,801
Net income $ 2,145 $ 66,721 $ 16,041 $ 187,700
Net income per common share:        
Basic $ 0.01 $ 0.46 $ 0.11 $ 1.30
Diluted $ 0.01 $ 0.46 $ 0.11 $ 1.30
Weighted average common shares outstanding:        
Basic 146,483 143,116 146,451 143,026
Diluted 151,459 145,882 149,856 144,696
Oil and Condensate [Member]        
Revenues:        
Total revenues $ 100,331 $ 130,560 $ 287,313 $ 412,526
Natural Gas Liquids [Member]        
Revenues:        
Total revenues 7,415 16,875 25,595 47,430
Natural Gas, Production [Member]        
Revenues:        
Total revenues 32,515 113,673 80,757 257,452
Product and Service, Other [Member]        
Revenues:        
Total revenues $ 2,150 $ 5,377 $ 6,651 $ 13,889