CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2019 |
Sep. 30, 2018 |
Sep. 30, 2019 |
Sep. 30, 2018 |
|
| Operating revenues | ||||
| Oil and gas sales | $ 229,130 | $ 234,880 | $ 687,938 | $ 668,541 |
| Operating expenses | ||||
| Lease operating expenses | 42,330 | 23,706 | 107,077 | 59,164 |
| Severance and ad valorem taxes | 12,213 | 14,410 | 45,519 | 42,791 |
| Gathering, processing and transportation expenses | 20,853 | 16,090 | 52,120 | 45,214 |
| Depreciation, depletion and amortization | 112,720 | 83,423 | 321,392 | 224,379 |
| Impairment and abandonment expense | 6,745 | 8,612 | 42,427 | 10,396 |
| Exploration expense | 2,869 | 2,712 | 9,246 | 8,026 |
| General and administrative expenses | 20,036 | 16,561 | 56,589 | 44,667 |
| Total operating expenses | 217,766 | 165,514 | 634,370 | 434,637 |
| Gain (Loss) on Disposition of Property Plant Equipment | (22) | 52 | (15) | (74) |
| Income from operations | 11,342 | 69,418 | 53,553 | 233,830 |
| Other income (expense) | ||||
| Interest expense | (15,246) | (6,534) | (39,843) | (18,138) |
| Net gain (loss) on derivative instruments | 1,522 | (9,571) | (2,221) | 14,969 |
| Other income (expense) | 62 | 13 | 321 | (4) |
| Total other income (expense) | (13,662) | (16,092) | (41,743) | (3,173) |
| Income (loss) before income taxes | (2,320) | 53,326 | 11,810 | 230,657 |
| Income tax expense | (1,393) | (11,652) | (5,058) | (50,729) |
| Net income (loss) | (3,713) | 41,674 | 6,752 | 179,928 |
| Less: Net income (loss) attributable to noncontrolling interest | (128) | 2,386 | 572 | 11,009 |
| Net income (loss) attributable to Class A Common Stock | $ (3,585) | $ 39,288 | $ 6,180 | $ 168,919 |
| Income (loss) per share of Class A Common Stock: | ||||
| Basic (USD per share) | $ (0.01) | $ 0.15 | $ 0.02 | $ 0.64 |
| Diluted (USD per share) | $ (0.01) | $ 0.15 | $ 0.02 | $ 0.63 |