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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenues and other income:    
Revenues and other income $ 460,745,000 $ 809,868,000
Derivative fair value income (loss) 233,175,000 (61,731,000)
Total revenues and other income 693,920,000 748,137,000
Costs and expenses:    
Production and ad valorem taxes 9,019,000 11,310,000
Brokered natural gas and marketing 32,624,000 132,305,000
Exploration 7,077,000 8,211,000
Abandonment and impairment of unproved properties 5,413,000 12,659,000
General and administrative 42,254,000 46,638,000
Termination costs 1,595,000 0
Deferred compensation plan (8,537,000) 3,581,000
Interest 47,518,000 51,537,000
Gain on early extinguishment of debt (12,923,000) 0
Depletion, depreciation and amortization 102,986,000 138,718,000
Impairment of proved properties 77,000,000 0
(Gain) loss on the sale of assets (122,099,000) 189,000
Total costs and expenses 498,727,000 741,030,000
Income before income taxes 195,193,000 7,107,000
Income tax (benefit) expense:    
Current (363,000) 0
Deferred 50,581,000 5,688,000
Total (benefit) expense for income taxes 50,218,000 5,688,000
Net income $ 144,975,000 $ 1,419,000
Net income per common share:    
Basic $ 0.58 $ 0.01
Diluted 0.58 0.01
Dividends paid per common share $ 0 $ 0.02
Weighted average common shares outstanding:    
Basic 246,218 247,776
Diluted 247,684 249,154
Natural Gas, NGLs and Oil Sales    
Revenues and other income:    
Revenues and other income $ 432,096,000 $ 671,654,000
Brokered Natural Gas, Marketing and Other    
Revenues and other income:    
Revenues and other income 28,649,000 138,214,000
Direct Operating    
Costs and expenses:    
Costs and expenses 32,035,000 33,227,000
Transportation, Gathering, Processing and Compression    
Costs and expenses:    
Costs and expenses $ 284,765,000 $ 302,655,000