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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues        
Total revenues $ 482,743 $ 674,629 $ 1,587,880 $ 1,722,192
Operating expenses        
Lease operating expenses 50,313 48,534 164,985 137,456
Marketing, transportation and gathering expenses 32,659 30,713 96,097 74,559
Production taxes 28,461 38,722 86,221 103,748
Depreciation, depletion and amortization 210,832 162,984 578,023 465,819
Exploration expenses 652 22,315 2,369 23,701
Impairment 0 0 653 384,228
General and administrative expenses 52,860 34,859 118,245 91,029
Total operating expenses 473,550 532,453 1,453,473 1,711,659
Gain (loss) on sale of properties (752) 36,869 (3,950) 38,823
Operating income 8,441 179,045 130,457 49,356
Other income (expense)        
Net gain (loss) on derivative instruments 47,922 (48,544) (34,940) (239,945)
Interest expense, net of capitalized interest (43,897) (39,560) (131,551) (117,616)
Loss on extinguishment of debt 0 (47) 0 (13,698)
Other income 473 111 706 146
Total other income (expense), net 4,498 (88,040) (165,785) (371,113)
Income (loss) before income taxes 12,939 91,005 (35,328) (321,757)
Income tax benefit (expense) 17,372 (24,782) 8,835 75,391
Net income (loss) including non-controlling interests 30,311 66,223 (26,493) (246,366)
Less: Net income attributable to non-controlling interests 10,023 3,882 25,344 10,907
Net income (loss) attributable to Oasis $ 20,288 $ 62,341 $ (51,837) $ (257,273)
Earnings (loss) attributable to Oasis per share:        
Basic (in dollars per share)   $ 0.20 $ (0.16) $ (0.84)
Diluted (in dollars per share)   $ 0.20 $ (0.16) $ (0.84)
Weighted average shares outstanding:        
Basic (in shares) 315,135 313,167 314,863 305,533
Diluted (in shares) 315,135 316,387 314,863 305,533
Oil and gas revenues        
Revenues        
Total revenues $ 344,470 $ 454,195 $ 1,070,256 $ 1,218,639
Purchased oil and gas        
Revenues        
Total revenues 79,352 172,985 337,212 368,758
Operating expenses        
Expenses 78,655 174,269 338,221 374,442
Midstream Services        
Revenues        
Total revenues 50,023 31,187 149,617 88,451
Operating expenses        
Expenses 12,967 8,652 47,064 24,325
Well Services        
Revenues        
Total revenues 8,898 16,262 30,795 46,344
Operating expenses        
Expenses $ 6,151 $ 11,405 $ 21,595 $ 32,352