CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands |
3 Months Ended |
6 Months Ended |
Jun. 30, 2020 |
Jun. 30, 2019 |
Jun. 30, 2020 |
Jun. 30, 2019 |
| Operating revenues |
|
|
|
|
| Oil and gas sales |
$ 90,509
|
$ 244,239
|
$ 283,278
|
$ 458,808
|
| Operating expenses |
|
|
|
|
| Lease operating expenses |
25,839
|
34,885
|
58,478
|
64,747
|
| Severance and ad valorem taxes |
5,696
|
17,186
|
22,269
|
33,306
|
| Gathering, processing and transportation expenses |
17,284
|
16,243
|
34,223
|
31,267
|
| Depreciation, depletion and amortization |
93,020
|
112,114
|
194,278
|
208,672
|
| Impairment and abandonment expense |
19,425
|
4,418
|
630,725
|
35,682
|
| Exploration expense |
4,051
|
3,861
|
8,060
|
6,377
|
| General and administrative expenses |
17,994
|
18,435
|
36,864
|
36,553
|
| Total operating expenses |
183,309
|
207,142
|
984,897
|
416,604
|
| Gain (Loss) on Disposition of Property Plant Equipment |
(2)
|
9
|
243
|
7
|
| Income (loss) from operations |
(92,802)
|
37,106
|
(701,376)
|
42,211
|
| Other income (expense) |
|
|
|
|
| Interest expense |
(17,371)
|
(14,437)
|
(33,792)
|
(24,597)
|
| Gain on exchange of debt |
143,443
|
0
|
143,443
|
0
|
| Net gain (loss) on derivative instruments |
(29,857)
|
2,128
|
(38,362)
|
(3,743)
|
| Other income (expense) |
1
|
133
|
(52)
|
259
|
| Total other income (expense) |
96,216
|
(12,176)
|
71,237
|
(28,081)
|
| Income (loss) before income taxes |
3,414
|
24,930
|
(630,139)
|
14,130
|
| Income tax (expense) benefit |
1,916
|
(5,928)
|
85,124
|
(3,665)
|
| Net income (loss) |
5,330
|
19,002
|
(545,015)
|
10,465
|
| Less: Net (income) loss attributable to noncontrolling interest |
0
|
(1,125)
|
(2,362)
|
700
|
| Net income (loss) attributable to Class A Common Stock |
$ 5,330
|
$ 17,877
|
$ (542,653)
|
$ 9,765
|
| Income (loss) per share of Class A Common Stock: |
|
|
|
|
| Basic (USD per share) |
$ 0.02
|
$ 0.07
|
$ (1.96)
|
$ 0.04
|
| Diluted (USD per share) |
$ 0.02
|
$ 0.07
|
$ (1.96)
|
$ 0.04
|