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, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues        
Gain on sales of assets, net $ 0 $ 77 $ 14 $ 118
Total revenues 69,411 119,304 206,272 347,299
Operating expenses        
Lease operating 8,275 11,868 27,901 33,234
Gathering, processing and transportation 5,760 6,600 16,797 16,937
Production and ad valorem taxes 4,368 7,401 13,152 20,672
General and administrative 8,585 6,876 23,801 20,173
Asset Impairment Charges 235,989 0 271,498 0
Depreciation, depletion and amortization 37,038 46,519 114,891 129,687
Total operating expenses 300,015 79,264 468,040 220,703
Operating income (loss) (230,604) 40,040 (261,768) 126,596
Other income (expense)        
Interest expense (7,497) (8,736) (24,213) (27,270)
Derivatives (6,891) 24,248 109,879 (30,166)
Other, net 21 (248) (42) (134)
Income (loss) before income taxes (244,971) 55,304 (176,144) 69,026
Income tax benefit (expense) 1,558 (942) 1,110 (1,736)
Net income (loss) attributable to common shareholders $ (243,413) $ 54,362 $ (175,034) $ 67,290
Net income (loss) per share:        
Basic (in dollars per share) $ (16.03) $ 3.60 $ (11.54) $ 4.45
Diluted (in dollars per share) $ (16.03) $ 3.59 $ (11.54) $ 4.44
Weighted average shares outstanding – basic (in shares) 15,183 15,110 15,168 15,105
Weighted average shares outstanding – diluted (in shares) 15,183 15,160 15,168 15,165
Oil and Gas, Exploration and Production [Member]        
Revenues        
Revenues $ 63,227 $ 110,618 $ 190,732 $ 319,461
Oil and Condensate [Member]        
Revenues        
Revenues 2,824 3,546 6,295 12,596
Natural Gas, Production [Member]        
Revenues        
Revenues 2,563 4,215 7,273 13,782
Product and Service, Other [Member]        
Revenues        
Revenues $ 797 $ 848 $ 1,958 $ 1,342