CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands |
3 Months Ended |
6 Months Ended |
Jun. 30, 2021 |
Jun. 30, 2020 |
Jun. 30, 2021 |
Jun. 30, 2020 |
| Operating revenues |
|
|
|
|
| Oil and gas sales |
$ 232,577
|
$ 90,509
|
$ 424,968
|
$ 283,278
|
| Operating expenses |
|
|
|
|
| Lease operating expenses |
22,976
|
25,839
|
48,837
|
58,478
|
| Severance and ad valorem taxes |
15,784
|
5,696
|
28,367
|
22,269
|
| Gathering, processing and transportation expenses |
19,494
|
17,284
|
40,119
|
34,223
|
| Depreciation, depletion and amortization |
73,429
|
93,020
|
137,212
|
194,278
|
| Impairment and abandonment expense |
9,199
|
19,425
|
18,399
|
630,725
|
| Exploration and other expenses |
1,764
|
4,051
|
2,859
|
8,060
|
| General and administrative expenses |
28,807
|
17,994
|
54,063
|
36,864
|
| Total operating expenses |
171,453
|
183,309
|
329,856
|
984,897
|
| Net gain (loss) on sale of long-lived assets |
(8)
|
(2)
|
36
|
243
|
| Proceeds from terminated sale of assets |
5,983
|
0
|
5,983
|
0
|
| Income (loss) from operations |
67,099
|
(92,802)
|
101,131
|
(701,376)
|
| Other income (expense) |
|
|
|
|
| Interest expense |
(15,182)
|
(17,371)
|
(32,667)
|
(33,792)
|
| Gain (loss) on extinguishment of debt |
(22,156)
|
143,443
|
(22,156)
|
143,443
|
| Net gain (loss) on derivative instruments |
(54,959)
|
(29,857)
|
(106,158)
|
(38,362)
|
| Other income (expense) |
143
|
1
|
150
|
(52)
|
| Total other income (expense) |
(92,154)
|
96,216
|
(160,831)
|
71,237
|
| Income (loss) before income taxes |
(25,055)
|
3,414
|
(59,700)
|
(630,139)
|
| Income tax (expense) benefit |
0
|
1,916
|
0
|
85,124
|
| Net income (loss) |
(25,055)
|
5,330
|
(59,700)
|
(545,015)
|
| Less: Net (income) loss attributable to noncontrolling interest |
0
|
0
|
0
|
2,362
|
| Net income (loss) attributable to Class A Common Stock |
$ (25,055)
|
$ 5,330
|
$ (59,700)
|
$ (542,653)
|
| Income (loss) per share of Class A Common Stock: |
|
|
|
|
| Basic (USD per share) |
$ (0.09)
|
$ 0.02
|
$ (0.21)
|
$ (1.96)
|
| Diluted (USD per share) |
$ (0.09)
|
$ 0.02
|
$ (0.21)
|
$ (1.96)
|