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Selected Quarterly Financial Data (Tables)
 12 Months Ended
Dec. 31, 2020
Quarterly Financial Information Disclosure [Abstract]  
Schedule Of Unaudited Quarterly Financial Data

Unaudited quarterly financial data are as follows (in thousands):

 

 

March 31

 

 

June 30

 

 

September 30

 

 

December 31

 

Quarter Ended 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$

187,764

 

 

$

88,874

 

 

$

135,137

 

 

$

175,711

 

Write-down of oil and natural gas properties

 

$

57

 

 

$

—

 

 

$

—

 

 

$

267,859

 

Operating income (expense)

 

$

(4,212

)

 

$

(94,603

)

 

$

(37,059

)

 

$

(285,436

)

Price risk management activities income (expense)

 

$

243,217

 

 

$

(68,682

)

 

$

(19,882

)

 

$

(66,968

)

Net income (loss)

 

$

157,749

 

 

$

(140,611

)

 

$

(52,000

)

 

$

(430,743

)

Net income (loss) per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

2.71

 

 

$

(2.14

)

 

$

(0.73

)

 

$

(5.73

)

Diluted

 

$

2.69

 

 

$

(2.14

)

 

$

(0.73

)

 

$

(5.73

)

Weighted average common shares outstanding:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

58,240

 

 

 

65,807

 

 

 

71,286

 

 

 

75,199

 

Diluted

 

 

58,572

 

 

 

65,807

 

 

 

71,286

 

 

 

75,199

 

Quarter Ended 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$

178,713

 

 

$

286,810

 

 

$

228,857

 

 

$

233,240

 

Operating income

 

$

18,369

 

 

$

94,872

 

 

$

52,883

 

 

$

46,970

 

Price risk management activities income (expense)

 

$

(109,579

)

 

$

29,990

 

 

$

43,760

 

 

$

(59,508

)

Net income (loss)

 

$

(109,636

)

 

$

94,764

 

 

$

73,297

 

 

$

304

 

Net income (loss) per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

(2.02

)

 

$

1.75

 

 

$

1.35

 

 

$

0.01

 

Diluted

 

$

(2.02

)

 

$

1.74

 

 

$

1.35

 

 

$

0.01

 

Weighted average common shares outstanding:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

54,156

 

 

 

54,178

 

 

 

54,200

 

 

 

54,203

 

Diluted

 

 

54,156

 

 

 

54,451

 

 

 

54,430

 

 

 

54,559