XML 15 R4.htm IDEA: XBRL DOCUMENT v3.20.2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Operating revenues        
Oil and gas sales $ 149,101 $ 229,130 $ 432,379 $ 687,938
Operating expenses        
Lease operating expenses 24,543 42,330 83,021 107,077
Severance and ad valorem taxes 7,839 12,213 30,108 45,519
Gathering, processing and transportation expenses 19,130 20,853 53,353 52,120
Depreciation, depletion and amortization 89,444 112,720 283,722 321,392
Impairment and abandonment expense 19,904 6,745 650,629 42,427
Exploration expense 2,670 2,869 10,730 9,246
General and administrative expenses 17,582 20,036 54,446 56,589
Total operating expenses 181,112 217,766 1,166,009 634,370
Gain (Loss) on Disposition of Property Plant Equipment 145 (22) 388 (15)
Income (loss) from operations (31,866) 11,342 (733,242) 53,553
Other income (expense)        
Interest expense (17,718) (15,246) (51,510) (39,843)
Gain on exchange of debt 0 0 143,443 0
Net gain (loss) on derivative instruments (1,968) 1,522 (40,330) (2,221)
Other income (expense) 23 62 (29) 321
Total other income (expense) (19,663) (13,662) 51,574 (41,743)
Income (loss) before income taxes (51,529) (2,320) (681,668) 11,810
Income tax (expense) benefit 0 (1,393) 85,124 (5,058)
Net income (loss) (51,529) (3,713) (596,544) 6,752
Less: Net (income) loss attributable to noncontrolling interest 0 128 (2,362) 572
Net income (loss) attributable to Class A Common Stock $ (51,529) $ (3,585) $ (594,182) $ 6,180
Income (loss) per share of Class A Common Stock:        
Basic (USD per share) $ (0.19) $ (0.01) $ (2.14) $ 0.02
Diluted (USD per share) $ (0.19) $ (0.01) $ (2.14) $ 0.02