CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2020 |
Sep. 30, 2019 |
Sep. 30, 2020 |
Sep. 30, 2019 |
|
| Operating revenues | ||||
| Oil and gas sales | $ 149,101 | $ 229,130 | $ 432,379 | $ 687,938 |
| Operating expenses | ||||
| Lease operating expenses | 24,543 | 42,330 | 83,021 | 107,077 |
| Severance and ad valorem taxes | 7,839 | 12,213 | 30,108 | 45,519 |
| Gathering, processing and transportation expenses | 19,130 | 20,853 | 53,353 | 52,120 |
| Depreciation, depletion and amortization | 89,444 | 112,720 | 283,722 | 321,392 |
| Impairment and abandonment expense | 19,904 | 6,745 | 650,629 | 42,427 |
| Exploration expense | 2,670 | 2,869 | 10,730 | 9,246 |
| General and administrative expenses | 17,582 | 20,036 | 54,446 | 56,589 |
| Total operating expenses | 181,112 | 217,766 | 1,166,009 | 634,370 |
| Gain (Loss) on Disposition of Property Plant Equipment | 145 | (22) | 388 | (15) |
| Income (loss) from operations | (31,866) | 11,342 | (733,242) | 53,553 |
| Other income (expense) | ||||
| Interest expense | (17,718) | (15,246) | (51,510) | (39,843) |
| Gain on exchange of debt | 0 | 0 | 143,443 | 0 |
| Net gain (loss) on derivative instruments | (1,968) | 1,522 | (40,330) | (2,221) |
| Other income (expense) | 23 | 62 | (29) | 321 |
| Total other income (expense) | (19,663) | (13,662) | 51,574 | (41,743) |
| Income (loss) before income taxes | (51,529) | (2,320) | (681,668) | 11,810 |
| Income tax (expense) benefit | 0 | (1,393) | 85,124 | (5,058) |
| Net income (loss) | (51,529) | (3,713) | (596,544) | 6,752 |
| Less: Net (income) loss attributable to noncontrolling interest | 0 | 128 | (2,362) | 572 |
| Net income (loss) attributable to Class A Common Stock | $ (51,529) | $ (3,585) | $ (594,182) | $ 6,180 |
| Income (loss) per share of Class A Common Stock: | ||||
| Basic (USD per share) | $ (0.19) | $ (0.01) | $ (2.14) | $ 0.02 |
| Diluted (USD per share) | $ (0.19) | $ (0.01) | $ (2.14) | $ 0.02 |