Investor Relations

Income Statement

v3.19.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues:        
Total revenues $ 134,701 $ 149,612 $ 250,781 $ 283,825
Operating costs and expenses:        
Lease operating expenses 40,341 35,582 83,797 72,425
Production taxes 317 439 733 894
Gathering and transportation 7,068 4,928 13,491 9,985
Depreciation, depletion, amortization and accretion 38,073 39,757 71,839 77,838
General and administrative expenses 13,328 14,220 27,437 29,258
Derivative (gain) loss (1,805) 6,219 47,081 6,219
Total costs and expenses 97,322 101,145 244,378 196,619
Operating income 37,379 48,467 6,403 87,206
Interest expense, net 12,207 11,786 28,489 22,748
Other expense, net 478 486 809 514
Income (loss) before income tax (benefit) expense 24,694 36,195 (22,895) 63,944
Income tax (benefit) expense (11,695) 112 (11,523) 221
Net income (loss) $ 36,389 $ 36,083 $ (11,372) $ 63,723
Basic and diluted earnings (loss) per common share (in dollars per share) $ 0.25 $ 0.25 $ (0.08) $ 0.44
Oil and Condensate [Member]        
Revenues:        
Total revenues $ 109,195 $ 116,618 $ 195,898 $ 213,924
Natural Gas Liquids [Member]        
Revenues:        
Total revenues 4,640 8,734 11,088 18,394
Natural Gas, Production [Member]        
Revenues:        
Total revenues 19,567 22,977 41,405 48,844
Product and Service, Other [Member]        
Revenues:        
Total revenues $ 1,299 $ 1,283 $ 2,390 $ 2,663

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