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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues:        
Total oil and gas sales $ 343,693 $ 179,535 $ 684,178 $ 405,413
Operating expenses:        
Production and ad valorem taxes 10,141 9,569 19,793 17,970
Gathering and transportation 31,736 26,590 61,194 55,001
Lease operating 26,011 27,820 50,574 53,698
Depreciation, depletion and amortization 121,446 103,347 230,574 213,772
General and administrative 7,872 8,298 15,900 17,017
Exploration 0 0 0 27
Gain on sale of assets (9) 0 (79) 0
Total operating expenses 197,197 175,624 377,956 357,485
Operating income 146,496 3,911 306,222 47,928
Other income (expenses):        
Gain (loss) from derivative financial instruments (223,958) (12,298) (245,707) 49,601
Other income (expense) 530 (9) 811 304
Interest expense (56,880) (52,064) (120,691) (104,874)
Loss on early retirement of debt (114,060) (861) (352,599) (861)
Total other expenses (394,368) (65,232) (718,186) (55,830)
Loss before income taxes (247,872) (61,321) (411,964) (7,902)
Benefit from income taxes 68,177 11,445 98,144 54
Net loss (179,695) (49,876) (313,820) (7,848)
Preferred stock dividends and accretion (4,363) (10,126) (8,678) (22,198)
Net loss available to common stockholders $ (184,058) $ (60,002) $ (322,498) $ (30,046)
Net loss per share:        
Basic (in dollars per share) $ (0.80) $ (0.29) $ (1.39) $ (0.15)
Diluted (in dollars per share) $ (0.80) $ (0.29) $ (1.39) $ (0.15)
Weighted average shares outstanding:        
Basic (in shares) 231,428 208,904 231,403 198,910
Diluted (in shares) 231,428 208,904 231,403 198,910
Natural gas sales        
Revenues:        
Total oil and gas sales $ 321,520 $ 172,362 $ 645,480 $ 379,601
Oil sales        
Revenues:        
Total oil and gas sales $ 22,173 $ 7,173 $ 38,698 $ 25,812