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, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues:      
Total revenues $ 532,656 $ 920,997 $ 558,010
Operating expenses:      
Lease operating expenses 257,676 224,414 174,582
Gathering, transportation and production taxes 26,250 35,128 27,919
Depreciation, depletion, and amortization 114,677 107,122 90,522
Asset retirement obligations accretion 29,018 26,508 22,925
General and administrative expenses 75,541 73,747 52,400
Total operating expenses 503,162 466,919 368,348
Operating income 29,494 454,078 189,662
Interest expense, net 44,689 69,441 70,049
Derivative (gain) loss, net (54,759) 85,533 175,313
Other expense (income), net 5,621 14,295 (6,165)
Income (loss) before income taxes 33,943 284,809 (49,535)
Income tax expense 18,345 53,660 (8,057)
Net income (loss) $ 15,598 $ 231,149 $ (41,478)
Net income (loss) per common share:      
Basic $ 0.11 $ 1.61 $ (0.29)
Diluted $ 0.11 $ 1.59 $ (0.29)
Weighted average common shares outstanding:      
Basic 146,483 143,143 142,271
Diluted 148,302 145,090 142,271
Oil      
Revenues:      
Total revenues $ 381,389 $ 524,274 $ 329,557
NGLs      
Revenues:      
Total revenues 32,446 56,964 44,343
Natural gas      
Revenues:      
Total revenues 110,158 323,831 173,749
Other      
Revenues:      
Total revenues $ 8,663 $ 15,928 $ 10,361