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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues        
Total revenues $ 271,059 $ 482,743 $ 825,209 $ 1,587,880
Operating expenses        
Lease operating expenses 29,353 50,313 108,730 164,985
Marketing, transportation and gathering expenses 20,328 32,659 73,557 96,097
Production taxes 13,039 28,461 39,129 86,221
Depreciation, depletion and amortization 36,000 210,832 272,885 578,023
Exploration expenses 725 652 3,061 2,369
Rig termination 1,017 0 1,279 0
Impairment 2,578 0 4,828,575 653
General and administrative expenses 49,251 32,860 117,868 98,245
Litigation settlement 22,750 20,000 22,750 20,000
Total operating expenses 234,008 473,550 5,672,089 1,453,473
Gain (loss) on sale of properties 1,473 (752) 11,652 (3,950)
Operating income (loss) 38,524 8,441 (4,835,228) 130,457
Other income (expense)        
Net gain (loss) on derivative instruments (5,071) 47,922 243,064 (34,940)
Interest expense, net of capitalized interest (37,389) (43,897) (177,534) (131,551)
Gain (loss) on extinguishment of debt (20) 0 83,867 0
Reorganization items, net (49,758) 0 (49,758) 0
Other income 1,473 473 2,373 706
Total other income (expense), net (90,765) 4,498 102,012 (165,785)
Income (loss) before income taxes (52,241) 12,939 (4,733,216) (35,328)
Income tax benefit 5,144 17,372 262,495 8,835
Net income (loss) including non-controlling interests (47,097) 30,311 (4,470,721) (26,493)
Less: Net income (loss) attributable to non-controlling interests 8,602 10,023 (11,218) 25,344
Net income (loss) attributable to Oasis $ (55,699) $ 20,288 $ (4,459,503) $ (51,837)
Earnings (loss) attributable to Oasis per share:        
Basic (in dollars per share) $ (0.17) $ 0.06 $ (14.05) $ (0.16)
Diluted (in dollars per share) $ (0.17) $ 0.06 $ (14.05) $ (0.16)
Weighted average shares outstanding:        
Basic (in shares) 318,287 315,135 317,365 314,863
Diluted (in shares) 318,287 315,135 317,365 314,863
Oil and gas revenues        
Revenues        
Total revenues $ 179,577 $ 344,470 $ 512,535 $ 1,070,256
Purchased oil and gas        
Revenues        
Total revenues 44,194 79,352 167,824 337,212
Operating expenses        
Expenses 47,549 78,655 165,932 338,221
Midstream Services        
Revenues        
Total revenues 46,979 50,023 138,164 149,617
Operating expenses        
Expenses 11,110 12,967 32,355 47,064
Other services        
Revenues        
Total revenues 309 8,898 6,686 30,795
Operating expenses        
Expenses $ 308 $ 6,151 $ 5,968 $ 21,595