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 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues        
Gain on sales of assets, net $ 8 $ 16 $ 14 $ 41
Total revenues 45,482 122,767 136,861 227,995
Operating expenses        
Lease operating 9,094 10,362 19,626 21,366
Gathering, processing and transportation 5,593 6,408 11,037 10,337
Production and ad valorem taxes 2,630 7,579 8,784 13,271
General and administrative 7,986 6,232 15,216 13,297
Asset Impairment Charges 35,509 0 35,509 0
Depreciation, depletion and amortization 37,135 44,298 77,853 83,168
Total operating expenses 97,947 74,879 168,025 141,439
Operating income (loss) (52,465) 47,888 (31,164) 86,556
Other income (expense)        
Interest expense (8,536) (9,056) (16,716) (18,534)
Derivatives (34,349) 13,603 116,770 (54,414)
Other, net (55) 8 (63) 114
Income (loss) before income taxes (95,405) 52,443 68,827 13,722
Income tax benefit (expense) 690 (818) (448) (794)
Net income (loss) attributable to common shareholders $ (94,715) $ 51,625 $ 68,379 $ 12,928
Net income (loss) per share:        
Basic (in dollars per share) $ (6.24) $ 3.42 $ 4.51 $ 0.86
Diluted (in dollars per share) $ (6.24) $ 3.40 $ 4.48 $ 0.85
Weighted average shares outstanding – basic (in shares) 15,167 15,106 15,159 15,102
Weighted average shares outstanding – diluted (in shares) 15,167 15,162 15,268 15,174
Oil and Gas, Exploration and Production [Member]        
Revenues        
Revenues $ 41,197 $ 114,031 $ 127,505 $ 208,843
Oil and Condensate [Member]        
Revenues        
Revenues 1,578 3,502 3,471 9,050
Natural Gas, Production [Member]        
Revenues        
Revenues 2,020 5,290 4,710 9,567
Product and Service, Other [Member]        
Revenues        
Revenues $ 679 $ (72) $ 1,161 $ 494