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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues        
Total revenues $ 789,380 $ 364,012 $ 1,442,349 $ 689,373
Operating expenses        
Lease operating expenses 67,722 50,420 130,798 101,484
Gathering, processing and transportation expenses 31,813 32,787 64,210 60,892
Production taxes 40,081 16,208 75,938 32,488
Depreciation, depletion and amortization 42,136 29,231 86,809 60,001
Impairment 0 0 0 3
General and administrative expenses 24,822 20,999 49,189 41,412
Total operating expenses 458,922 261,939 821,539 487,935
Gain on sale of assets 319 222,980 1,840 223,068
Operating income 330,777 325,053 622,650 424,506
Other income (expense)        
Net loss on derivative instruments (98,253) (267,037) (466,175) (448,552)
Net loss from investment in unconsolidated affiliate (96,253) 0 (36,116) 0
Interest expense, net of capitalized interest (6,949) (11,423) (14,165) (16,288)
Other income (expense) 1,298 (1,141) 3,050 (656)
Total other expense, net (200,157) (279,601) (513,406) (465,496)
Income (loss) from continuing operations before income taxes 130,620 45,452 109,244 (40,990)
Income tax benefit (expense) 219 (3,654) 2,044 0
Net income (loss) from continuing operations 130,839 41,798 111,288 (40,990)
Income from discontinued operations attributable to Chord, net of income tax 0 31,566 485,554 70,762
Net income attributable to Chord $ 130,839 $ 73,364 $ 596,842 $ 29,772
Earnings (loss) attributable to Chord per share:        
Basic from continuing operations (in dollars per share) $ 6.69 $ 2.10 $ 5.73 $ (2.05)
Basic from discontinued operations (in dollars per share) 0 1.59 24.99 3.55
Basic total (Note 17) (in dollars per share) 6.69 3.69 30.72 1.49
Diluted from continuing operations (in dollars per share) 6.23 2.01 5.30 (2.05)
Diluted from discontinued operations (in dollars per share) 0 1.52 23.14 3.55
Diluted total (Note 17) (in dollars per share) $ 6.23 $ 3.52 $ 28.44 $ 1.49
Weighted average shares outstanding:        
Basic (Note 17) (in shares) 19,553 19,904 19,430 19,952
Diluted (Note 17) (in shares) 20,990 20,822 20,983 19,952
Oil and Gas Services        
Revenues        
Total revenues $ 538,567 $ 254,995 $ 1,032,069 $ 499,985
Operating expenses        
Exploration expenses 278 1,250 788 1,673
Purchased Oil and Gas        
Revenues        
Total revenues 250,489 108,822 409,956 188,967
Operating expenses        
Expenses 252,058 111,023 413,684 189,961
Other services revenues        
Revenues        
Total revenues 324 195 324 421
Operating expenses        
Expenses $ 12 $ 21 $ 123 $ 21