Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues:        
Total revenues $ 142,757 $ 126,181 $ 283,544 $ 257,906
Operating expenses:        
Lease operating expenses 73,987 66,021 144,817 131,207
Gathering, transportation and production taxes 8,578 6,802 16,118 12,938
Depreciation, depletion, and amortization 36,674 28,177 70,611 50,801
Asset retirement obligations accretion 8,400 7,717 16,369 15,227
General and administrative expenses 21,354 17,393 41,869 37,312
Total operating expenses 148,993 126,110 289,784 247,485
Operating (loss) income (6,236) 71 (6,240) 10,421
Interest expense, net 10,164 10,323 20,236 25,036
Derivative loss (gain), net 2,374 (829) (2,503) (40,069)
Other expense (income), net 1,250 (311) 6,480 (78)
(Loss) income before income taxes (20,024) (9,112) (30,453) 25,532
Income tax (benefit) expense (4,636) 2,997 (3,591) 11,636
Net (loss) income $ (15,388) $ (12,109) $ (26,862) $ 13,896
Net (loss) income per common share:        
Basic (in dollars per share) $ (0.10) $ (0.08) $ (0.18) $ 0.09
Diluted (in dollars per share) $ (0.10) $ (0.08) $ (0.18) $ 0.09
Weighted average common shares outstanding:        
Basic (in shares) 146,943 146,452 146,900 146,435
Diluted (in shares) 146,943 146,452 146,900 149,045
Oil        
Revenues:        
Total revenues $ 110,965 $ 89,982 $ 217,980 $ 186,982
NGLs        
Revenues:        
Total revenues 8,160 10,385 15,629 18,180
Natural gas        
Revenues:        
Total revenues 21,910 23,438 43,526 48,242
Other        
Revenues:        
Total revenues $ 1,722 $ 2,376 $ 6,409 $ 4,502