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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues:        
Total oil and gas sales $ 178,011 $ 224,444 $ 583,424 $ 479,441
Operating expenses:        
Production and ad valorem taxes 9,798 9,381 27,768 22,703
Gathering and transportation 22,422 23,414 77,423 41,346
Lease operating 25,412 26,696 79,110 54,477
Depreciation, depletion and amortization 99,056 80,247 312,828 164,684
General and administrative 8,974 8,105 25,991 22,760
Exploration 0 241 27 241
(Gain) loss on sale of assets (16) 0 (16) 25
Total operating expenses 165,646 148,084 523,131 306,236
Operating income 12,365 76,360 60,293 173,205
Other income (expenses):        
Gain (loss) from derivative financial instruments (121,579) 24,858 (71,978) 31,945
Other income 489 92 793 340
Transaction costs 0 (39,657) 0 (41,100)
Interest expense (63,890) (51,015) (168,764) (107,434)
Loss on early extinguishment of debt 0 0 (861) 0
Total other income (expenses) (184,980) (65,722) (240,810) (116,249)
Income (loss) before income taxes (172,615) 10,638 (180,517) 56,956
Benefit from (provision for) income taxes 46,123 (3,847) 46,177 (15,183)
Net income (loss) (126,492) 6,791 (134,340) 41,773
Preferred stock dividends and accretion (4,398) (8,128) (26,596) (8,128)
Net income (loss) available to common stockholders $ (130,890) $ (1,337) $ (160,936) $ 33,645
Net income (loss) per share:        
Basic (in dollars per share) $ (0.57) $ (0.01) $ (0.77) $ 0.26
Diluted (in dollars per share) $ (0.57) $ (0.01) $ (0.77) $ 0.26
Weighted average shares outstanding:        
Basic (in shares) 231,223 171,487 209,760 127,709
Diluted (in shares) 231,223 171,487 209,760 127,709
Natural gas sales        
Revenues:        
Total oil and gas sales $ 168,374 $ 193,506 $ 547,975 $ 375,589
Oil sales        
Revenues:        
Total oil and gas sales $ 9,637 $ 30,938 $ 35,449 $ 103,852