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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues        
Total revenues $ 166,352 $ 529,405 $ 554,150 $ 1,105,137
Operating expenses        
Lease operating expenses 29,608 56,228 79,377 114,672
Marketing, transportation and gathering expenses 23,765 28,488 53,229 63,438
Production taxes 6,764 28,142 26,090 57,760
Depreciation, depletion and amortization 33,130 177,358 236,885 367,191
Exploration expenses 1,430 887 2,598 1,717
Impairment 2,319 24 4,825,997 653
General and administrative expenses 37,443 30,926 68,617 65,385
Total operating expenses 176,529 457,557 5,438,081 979,923
Gain (loss) on sale of properties (1,047) (276) 10,179 (3,198)
Operating income (loss) (11,224) 71,572 (4,873,752) 122,016
Other income (expense)        
Net gain (loss) on derivative instruments (37,187) 34,749 248,135 (82,862)
Interest expense, net of capitalized interest (44,388) (43,186) (140,145) (87,654)
Gain on extinguishment of debt 0 0 83,887 0
Other income 837 279 900 233
Total other income (expense), net (80,738) (8,158) 192,777 (170,283)
Income (loss) before income taxes (91,962) 63,414 (4,680,975) (48,267)
Income tax benefit (expense) 2,613 (12,240) 257,351 (8,537)
Net income (loss) including non-controlling interests (89,349) 51,174 (4,423,624) (56,804)
Less: Net income (loss) attributable to non-controlling interests 3,594 8,417 (19,820) 15,321
Net income (loss) attributable to Oasis $ (92,943) $ 42,757 $ (4,403,804) $ (72,125)
Earnings (loss) attributable to Oasis per share:        
Basic (in dollars per share) $ (0.29) $ 0.14 $ (13.90) $ (0.23)
Diluted (in dollars per share) $ (0.29) $ 0.14 $ (13.90) $ (0.23)
Weighted average shares outstanding:        
Basic (in shares) 317,629 314,982 316,899 314,724
Diluted (in shares) 317,629 314,982 316,899 314,724
Oil and gas revenues        
Revenues        
Total revenues $ 93,830 $ 357,004 $ 332,958 $ 725,786
Purchased oil and gas        
Revenues        
Total revenues 37,352 109,389 123,630 257,860
Operating expenses        
Expenses 33,180 109,662 118,383 259,566
Midstream Services        
Revenues        
Total revenues 34,774 51,573 91,185 99,594
Operating expenses        
Expenses 8,161 17,368 21,245 34,097
Other services        
Revenues        
Total revenues 396 11,439 6,377 21,897
Operating expenses        
Expenses $ 729 $ 8,474 $ 5,660 $ 15,444