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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues        
Total revenues $ 529,405 $ 573,751 $ 1,105,137 $ 1,047,563
Operating expenses        
Lease operating expenses 56,228 44,141 114,672 88,922
Marketing, transportation and gathering expenses 28,488 22,833 63,438 43,846
Production taxes 28,142 34,026 57,760 65,026
Depreciation, depletion and amortization 177,358 153,570 367,191 302,835
Exploration expenses 887 617 1,717 1,386
Impairment 24 384,135 653 384,228
General and administrative expenses 30,926 28,230 65,385 56,170
Total operating expenses 457,557 818,379 979,923 1,179,206
Gain (loss) on sale of properties (276) 1,954 (3,198) 1,954
Operating income (loss) 71,572 (242,674) 122,016 (129,689)
Other income (expense)        
Net gain (loss) on derivative instruments 34,749 (120,285) (82,862) (191,401)
Interest expense, net of capitalized interest (43,186) (40,910) (87,654) (78,056)
Loss on extinguishment of debt 0 (13,651) 0 (13,651)
Other income 279 218 233 35
Total other expense, net (8,158) (174,628) (170,283) (283,073)
Income (loss) before income taxes 63,414 (417,302) (48,267) (412,762)
Income tax benefit (expense) (12,240) 101,001 (8,537) 100,173
Net income (loss) including non-controlling interests 51,174 (316,301) (56,804) (312,589)
Less: Net income attributable to non-controlling interests 8,417 3,903 15,321 7,025
Net income (loss) attributable to Oasis $ 42,757 $ (320,204) $ (72,125) $ (319,614)
Earnings (loss) attributable to Oasis per share:        
Basic (in dollars per share)   $ (1.02) $ (0.23) $ (1.06)
Diluted (in dollars per share)   $ (1.02) $ (0.23) $ (1.06)
Weighted average shares outstanding:        
Basic (in shares) 314,982 313,072 314,724 301,652
Diluted (in shares) 314,982 313,072 314,724 301,652
Oil and gas revenues        
Revenues        
Total revenues $ 357,004 $ 397,849 $ 725,786 $ 764,444
Purchased oil and gas        
Revenues        
Total revenues 109,389 128,064 257,860 195,773
Operating expenses        
Expenses 109,662 129,579 259,566 200,173
Midstream Services        
Revenues        
Total revenues 51,573 29,342 99,594 57,264
Operating expenses        
Expenses 17,368 7,688 34,097 15,673
Well Services        
Revenues        
Total revenues 11,439 18,496 21,897 30,082
Operating expenses        
Expenses $ 8,474 $ 13,560 $ 15,444 $ 20,947