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Condensed 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 revenues $ 393,060 $ 166,352 $ 748,519 $ 554,150
Operating expenses        
Lease operating expenses 34,321 29,608 69,581 79,377
Gathering, processing and transportation expenses 20,485 23,765 36,196 53,229
Production taxes 16,208 6,764 32,488 26,090
Depreciation, depletion and amortization 38,968 33,130 78,958 236,885
Exploration expenses 1,250 1,430 1,673 2,598
Impairment 2 2,319 5 4,825,997
General and administrative expenses 20,210 37,443 40,947 68,617
Total operating expenses 240,467 176,529 445,179 5,438,081
Gain (loss) on sale of properties 222,980 (1,047) 223,068 10,179
Operating income (loss) 375,573 (11,224) 526,408 (4,873,752)
Other income (expense)        
Net gain (loss) on derivative instruments (267,037) (37,187) (448,552) 248,135
Interest expense, net of capitalized interest (22,571) (44,388) (31,268) (140,145)
Gain on extinguishment of debt 0 0 0 83,887
Other income (expense) (1,002) 837 (544) 900
Total other income (expense), net (290,610) (80,738) (480,364) 192,777
Income (loss) before income taxes 84,963 (91,962) 46,044 (4,680,975)
Income tax benefit (expense) (3,654) 2,613 0 257,351
Net income (loss) including non-controlling interests 81,309 (89,349) 46,044 (4,423,624)
Less: Net income (loss) attributable to non-controlling interests 7,945 3,594 16,272 (19,820)
Net income (loss) attributable to Oasis $ 73,364 $ (92,943) $ 29,772 $ (4,403,804)
Earnings (loss) attributable to Oasis per share:        
Basic (in dollars per share) $ 3.69 $ (0.29) $ 1.49 $ (13.90)
Diluted (in dollars per share) $ 3.52 $ (0.29) $ 1.46 $ (13.90)
Weighted average shares outstanding:        
Basic (in shares) 19,904 317,629 19,952 316,899
Diluted (in shares) 20,822 317,629 20,419 316,899
Oil and Gas Services        
Revenues        
Total revenues $ 255,227 $ 93,830 $ 500,688 $ 332,958
Purchased Oil and Gas        
Revenues        
Total revenues 81,855 37,352 130,315 123,630
Operating expenses        
Expenses 85,455 33,180 133,865 118,383
Midstream Total        
Revenues        
Total revenues 55,783 34,774 117,095 91,185
Operating expenses        
Expenses 23,547 8,161 51,445 21,245
Other Services        
Revenues        
Total revenues 195 396 421 6,377
Operating expenses        
Expenses $ 21 $ 729 $ 21 $ 5,660