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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues:        
Total oil and gas sales $ 179,535 $ 128,116 $ 405,413 $ 254,997
Operating expenses:        
Production taxes 6,445 5,827 12,012 11,766
Gathering and transportation 26,590 10,502 55,001 17,932
Lease operating 30,944 14,452 59,656 29,337
Depreciation, depletion and amortization 103,347 46,847 213,772 84,437
General and administrative 8,298 6,841 17,017 14,655
Exploration     27  
Loss on sale of oil and gas properties   26   25
Total operating expenses 175,624 84,495 357,485 158,152
Operating income 3,911 43,621 47,928 96,845
Other income (expenses):        
Gain (loss) from derivative financial instruments (12,298) 14,744 49,601 7,087
Other income (expense) (9) 155 304 248
Transaction costs   (1,443)   (1,443)
Interest expense (52,064) (28,568) (104,874) (56,419)
Loss on early extinguishment of debt (861)   (861)  
Total other income (expenses) (65,232) (15,112) (55,830) (50,527)
Income (loss) before income taxes (61,321) 28,509 (7,902) 46,318
Benefit from (provision for) income taxes 11,445 (7,102) 54 (11,336)
Net income (loss) (49,876) 21,407 (7,848) 34,982
Preferred stock dividends and accretion (10,126)   (22,198)  
Net income (loss) available to common stockholders $ (60,002) $ 21,407 $ (30,046) $ 34,982
Net income (loss) per share:        
Basic $ (0.29) $ 0.20 $ (0.15) $ 0.33
Diluted $ (0.29) $ 0.20 $ (0.15) $ 0.33
Weighted average shares outstanding:        
Basic 208,904 105,457 198,910 105,457
Diluted 208,904 105,457 198,910 105,457
Natural Gas Sales        
Revenues:        
Total oil and gas sales $ 172,362 $ 91,951 $ 379,601 $ 182,083
Oil Sales        
Revenues:        
Total oil and gas sales $ 7,173 $ 36,165 $ 25,812 $ 72,914