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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues        
Total revenues $ 75,388 $ 79,462 $ 148,624 $ 166,590
Expenses        
Lease operating expenses 25,076 19,757 47,855 43,276
Production, ad valorem, and other taxes 5,877 5,683 10,957 11,917
Depreciation and depletion — oil and natural gas 39,419 30,961 75,884 58,958
Depreciation and amortization — other 2,986 3,040 5,929 6,193
Impairment 0 0 0 4,170
General and administrative 10,084 10,077 20,023 23,759
Accelerated vesting of employment compensation 0 6,545 0 6,545
Proxy contest 0 7,191 0 7,598
Employee termination benefits 4,465 1,043 4,465 32,630
Loss on derivative contracts 0 30,104 209 48,434
Other operating expense (income) 37 (1,254) 119 (1,238)
Total expenses 87,944 113,147 165,441 242,242
Loss from operations (12,556) (33,685) (16,817) (75,652)
Other (expense) income        
Interest expense, net (702) (651) (1,287) (1,599)
Gain on extinguishment of debt 0 0 0 1,151
Other (expense) income, net (26) 217 (457) 1,090
Total other (expense) income (728) (434) (1,744) 642
Loss before income taxes (13,284) (34,119) (18,561) (75,010)
Income tax benefit 0 (45) 0 (42)
Net loss $ (13,284) $ (34,074) $ (18,561) $ (74,968)
Loss per share        
Basic (in dollars per share) $ (0.38) $ (0.97) $ (0.53) $ (2.15)
Diluted (in dollars per share) $ (0.38) $ (0.97) $ (0.53) $ (2.15)
Weighted average number of common shares outstanding        
Basic (in shares) 35,356,000 35,017,000 35,339,000 34,800,000
Diluted (in shares) 35,356,000 35,017,000 35,339,000 34,800,000
Oil, natural gas and NGL        
Revenues        
Total revenues $ 75,196 $ 79,304 $ 148,244 $ 166,270
Other        
Revenues        
Total revenues $ 192 $ 158 $ 380 $ 320