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 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues:        
Total revenues $ 121,372 $ 142,411 $ 404,916 $ 400,316
Operating expenses:        
Lease operating expenses 72,412 61,826 217,229 193,033
Gathering, transportation and production taxes 6,147 6,692 22,265 19,630
Depreciation, depletion, and amortization 34,206 30,218 104,817 81,019
Asset retirement obligations accretion 7,848 6,414 24,217 21,641
General and administrative expenses 19,723 19,978 61,592 57,290
Total operating expenses 140,336 125,128 430,120 372,613
Operating (loss) income (18,964) 17,283 (25,204) 27,703
Interest expense, net 9,992 9,925 30,228 34,960
Derivative gain, net (3,199) (1,491) (5,702) (41,560)
Other expense, net 15,709 1,927 22,189 1,849
(Loss) income before income taxes (41,466) 6,922 (71,919) 32,454
Income tax (benefit) expense (4,545) 4,777 (8,136) 16,413
Net (loss) income $ (36,921) $ 2,145 $ (63,783) $ 16,041
Net (loss) income per common share:        
Basic (in dollars per share) $ (0.25) $ 0.01 $ (0.43) $ 0.11
Diluted (in dollars per share) $ (0.25) $ 0.01 $ (0.43) $ 0.11
Weighted average common shares outstanding:        
Basic (in shares) 147,206 146,483 147,002 146,451
Diluted (in shares) 147,206 151,459 147,002 149,856
Oil        
Revenues:        
Total revenues $ 90,862 $ 100,331 $ 308,842 $ 287,313
NGLs        
Revenues:        
Total revenues 5,636 7,415 21,265 25,595
Natural gas        
Revenues:        
Total revenues 23,148 32,515 66,674 80,757
Other        
Revenues:        
Total revenues $ 1,726 $ 2,150 $ 8,135 $ 6,651