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, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues        
Total revenues $ 141,061 $ 69,411 $ 354,315 $ 206,272
Operating expenses        
Lease operating 10,647 8,275 29,200 27,901
Gathering, processing and transportation 5,688 5,760 15,535 16,797
Production and ad valorem taxes 7,534 4,368 19,768 13,152
General and administrative 10,932 8,585 31,094 23,801
Depreciation, depletion and amortization 30,975 37,038 83,654 114,891
Impairments of oil and gas properties 0 235,989 1,811 271,498
Total operating expenses 65,776 300,015 181,062 468,040
Operating income (loss) 75,285 (230,604) 173,253 (261,768)
Other income (expense)        
Interest expense (10,582) (7,497) (21,282) (24,213)
Gain (Loss) on Extinguishment of Debt 0 0 (1,231) 0
Derivatives (21,084) (6,891) (119,679) 109,879
Other, net (7) 21 (13) (42)
Income (Loss), Including Portion Attributable to Noncontrolling Interest, before Tax 43,612 (244,971) 31,048 (176,144)
Net income (loss) 43,063 (243,413) 30,638 (175,034)
Net income attributable to Noncontrolling interest (25,676) 0 (23,778) 0
Net income (loss) attributable to common shareholders $ 17,387 $ (243,413) $ 6,860 $ (175,034)
Net income (loss) per share:        
Basic (in dollars per share) $ 1.13 $ (16.03) $ 0.45 $ (11.54)
Diluted (in dollars per share) $ 1.11 $ (16.03) $ 0.44 $ (11.54)
Weighted average shares outstanding – basic (in shares) 15,319 15,183 15,298 15,168
Weighted average shares outstanding – diluted (in shares) 15,713 15,183 15,669 15,168
Current Federal, State and Local, Tax Expense (Benefit) $ (549) $ 1,558 $ (410) $ 1,110
Oil and Gas, Exploration and Production [Member]        
Revenues        
Revenues and other 127,995 63,227 326,222 190,732
Oil and Condensate [Member]        
Revenues        
Revenues and other 7,165 2,824 15,115 6,295
Natural Gas, Production [Member]        
Revenues        
Revenues and other 4,973 2,563 10,893 7,273
Product and Service, Other [Member]        
Revenues        
Revenues and other $ 928 $ 797 $ 2,085 $ 1,972