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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues        
Total revenues $ 58,369 $ 97,660 $ 206,993 $ 264,250
Expenses        
Lease operating expenses 23,866 21,913 71,721 65,189
Production, ad valorem, and other taxes 4,346 7,339 15,303 19,256
Depreciation and depletion — oil and natural gas 38,871 33,090 114,755 92,048
Depreciation and amortization — other 2,981 3,036 8,910 9,229
Impairment 165,507 0 165,507 4,170
General and administrative 6,238 9,064 26,261 32,823
Accelerated vesting of employment compensation 0 0 0 6,545
Proxy contest 0 (459) 0 7,139
Employee termination benefits 0 23 4,465 32,653
(Gain) loss on derivative contracts (1,756) 11,329 (1,547) 59,763
Other operating expense (income) 23 (105) 142 (1,343)
Total expenses 240,076 85,230 405,517 327,472
(Loss) income from operations (181,707) 12,430 (198,524) (63,222)
Other (expense) income        
Interest expense, net (722) (627) (2,009) (2,226)
Gain on extinguishment of debt 0 0 0 1,151
Other income (expense), net 827 (118) 370 972
Total other income (expense) 105 (745) (1,639) (103)
(Loss) income before income taxes (181,602) 11,685 (200,163) (63,325)
Income tax benefit 0 (30) 0 (72)
Net (loss) income $ (181,602) $ 11,715 $ (200,163) $ (63,253)
(Loss) earnings per share        
Basic (in dollars per share) $ (5.12) $ 0.33 $ (5.66) $ (1.81)
Diluted (in dollars per share) $ (5.12) $ 0.33 $ (5.66) $ (1.81)
Weighted average number of common shares outstanding        
Basic (in shares) 35,491,000 35,308,000 35,390,000 34,971,000
Diluted (in shares) 35,491,000 35,330,000 35,390,000 34,971,000
Oil, natural gas and NGL        
Revenues        
Total revenues $ 58,188 $ 97,491 $ 206,432 $ 263,761
Other        
Revenues        
Total revenues $ 181 $ 169 $ 561 $ 489