Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2019 |
Jun. 30, 2018 |
Jun. 30, 2019 |
Jun. 30, 2018 |
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| Revenues: | ||||
| Total revenues | $ 134,701 | $ 149,612 | $ 250,781 | $ 283,825 |
| Operating costs and expenses: | ||||
| Lease operating expenses | 40,341 | 35,582 | 83,797 | 72,425 |
| Production taxes | 317 | 439 | 733 | 894 |
| Gathering and transportation | 7,068 | 4,928 | 13,491 | 9,985 |
| Depreciation, depletion, amortization and accretion | 38,073 | 39,757 | 71,839 | 77,838 |
| General and administrative expenses | 13,328 | 14,220 | 27,437 | 29,258 |
| Derivative (gain) loss | (1,805) | 6,219 | 47,081 | 6,219 |
| Total costs and expenses | 97,322 | 101,145 | 244,378 | 196,619 |
| Operating income | 37,379 | 48,467 | 6,403 | 87,206 |
| Interest expense, net | 12,207 | 11,786 | 28,489 | 22,748 |
| Other expense, net | 478 | 486 | 809 | 514 |
| Income (loss) before income tax (benefit) expense | 24,694 | 36,195 | (22,895) | 63,944 |
| Income tax (benefit) expense | (11,695) | 112 | (11,523) | 221 |
| Net income (loss) | $ 36,389 | $ 36,083 | $ (11,372) | $ 63,723 |
| Basic and diluted earnings (loss) per common share (in dollars per share) | $ 0.25 | $ 0.25 | $ (0.08) | $ 0.44 |
| Oil and Condensate [Member] | ||||
| Revenues: | ||||
| Total revenues | $ 109,195 | $ 116,618 | $ 195,898 | $ 213,924 |
| Natural Gas Liquids [Member] | ||||
| Revenues: | ||||
| Total revenues | 4,640 | 8,734 | 11,088 | 18,394 |
| Natural Gas, Production [Member] | ||||
| Revenues: | ||||
| Total revenues | 19,567 | 22,977 | 41,405 | 48,844 |
| Product and Service, Other [Member] | ||||
| Revenues: | ||||
| Total revenues | $ 1,299 | $ 1,283 | $ 2,390 | $ 2,663 |
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate net amount of depreciation, amortization, and accretion recognized during an accounting period. As a noncash item, the net amount is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Aggregate net gain (loss) on all derivative instruments recognized in earnings during the period, before tax effects. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition Amount of operating lease expense. Excludes sublease income. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition A tax assessed on oil and gas production. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Includes the cost to prepare and move liquid hydrocarbons and natural gas to their points of sale. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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