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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
5 Months Ended 7 Months Ended 12 Months Ended
Dec. 31, 2018
Aug. 13, 2018
Dec. 31, 2020
Dec. 31, 2019
Total oil and gas sales $ 223,621 $ 166,630 $ 858,195 $ 768,689
Operating expenses:        
Production and ad valorem taxes 12,413 5,174 36,967 35,702
Gathering and transportation 10,511 11,841 106,582 71,303
Lease operating 19,478 19,624 102,452 80,762
Depreciation, depletion and amortization 53,944 68,032 417,112 276,526
General and administrative, net 11,399 15,699 32,040 29,244
Exploration 0 0 27 241
Loss (gain) on sale of assets (155) 35,438 (17) 25
Total operating expenses 107,590 155,808 695,163 493,803
Operating income (loss) 116,031 10,822 163,032 274,886
Other income (expenses):        
Gain from derivative financial instruments 10,465 881 9,951 51,735
Other income 173 677 1,080 622
Interest expense (43,603) (101,203) (234,829) (161,541)
Loss on early extinguishment of debt 0 0 (861) 0
Transaction costs 0 (2,866) 0 (41,010)
Total other income (expenses) (32,965) (102,511) (224,659) (150,194)
Income (loss) before income taxes 83,066 (91,689) (61,627) 124,692
(Provision for) benefit from income taxes (18,944) (1,065) 9,210 (27,803)
Net income (loss) 64,122 (92,754) (52,417) 96,889
Preferred stock dividends and accretion 0 0 (30,996) (22,415)
Net income (loss) available to common stockholders $ 64,122 $ (92,754) $ (83,413) $ 74,474
Net income (loss) per share – basic and diluted (in dollars per share) $ 0.61 $ (6.08) $ (0.39) $ 0.52
Weighted average shares outstanding:        
Basic weighted average shares outstanding 105,453 15,262 215,194 142,750
Diluted (in shares) 105,459 15,262 215,194 187,378
Natural gas sales        
Total oil and gas sales $ 144,236 $ 147,897 $ 809,399 $ 635,795
Oil sales        
Total oil and gas sales $ 79,385 $ 18,733 $ 48,796 $ 132,894