Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenues      
Gain (Loss) on Disposition of Property Plant Equipment $ 18,000 $ 5,000 $ (177,000)
Total revenues 273,268,000 471,216,000 440,832,000
Operating expenses      
Lease operating 37,463,000 43,088,000 35,879,000
Cost of Goods and Services Sold 22,050,000 23,197,000 18,626,000
Production and ad valorem taxes 16,619,000 28,057,000 23,547,000
General and administrative 33,789,000 25,484,000 26,064,000
Depreciation, depletion and amortization 140,673,000 174,569,000 127,961,000
Asset Impairment Charges 391,849,000 0 0
Total operating expenses 642,443,000 294,395,000 232,077,000
Operating income (loss) (369,175,000) 176,821,000 208,755,000
Other income (expense)      
Interest expense, net of amounts capitalized (31,257,000) (35,811,000) (26,462,000)
Derivatives 88,422,000 (68,131,000) 37,427,000
Other, net (850,000) (153,000) 2,266,000
Reorganization items, net 0 0 3,322,000
Income (loss) before income taxes (312,860,000) 72,726,000 225,308,000
Income Tax Expense (Benefit) 2,303,000 (2,137,000) (523,000)
Net Income (Loss) Available to Common Stockholders, Basic $ (310,557,000) $ 70,589,000 $ 224,785,000
Net income (loss) per share:      
Basic (in dollars per share) $ (20.46) $ 4.67 $ 14.93
Diluted (in dollars per share) $ (20.46) $ 4.67 $ 14.70
Weighted average shares outstanding – basic 15,176 15,110 15,059
Weighted average shares outstanding – diluted 15,176 15,126 15,292
Oil and Gas, Exploration and Production [Member]      
Revenues      
Revenue from contract with customer $ 251,741,000 $ 434,713,000 $ 402,485,000
Oil and Condensate [Member]      
Revenues      
Revenue from contract with customer 8,948,000 16,589,000 21,073,000
Natural Gas, Production [Member]      
Revenues      
Revenue from contract with customer 10,103,000 17,733,000 15,972,000
Product and Service, Other [Member]      
Revenues      
Revenue from contract with customer $ 2,458,000 $ 2,176,000 $ 1,479,000