XML 11 R2.htm IDEA: XBRL DOCUMENT v3.22.2
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
Oil, natural gas and natural gas liquids sales:        
Total oil, natural gas and natural gas liquids sales $ 101,290 $ 64,103 $ 182,698 $ 119,369
Other 221 263 415 515
Total operating revenues 101,511 64,366 183,113 119,884
Production:        
Lease operating 11,909 10,169 23,433 19,636
Workover and other 1,383 767 2,248 1,327
Taxes other than income 5,372 2,912 10,323 6,104
Gathering and other 15,869 14,331 31,124 27,502
General and administrative 4,588 4,031 9,573 8,858
Depletion, depreciation and accretion 12,601 11,249 22,821 21,844
Total operating expenses 51,722 43,459 99,522 85,271
Income (loss) from operations 49,789 20,907 83,591 34,613
Other income (expenses):        
Net gain (loss) on derivative contracts (31,910) (53,089) (155,768) (98,800)
Interest expense and other (4,832) (1,747) (7,520) (3,117)
Total other income (expenses) (36,742) (54,836) (163,288) (101,917)
Income (loss) before income taxes 13,047 (33,929) (79,697) (67,304)
Income tax benefit (provision)
Net income (loss) $ 13,047 $ (33,929) $ (79,697) $ (67,304)
Net income (loss) per share of common stock:        
Basic (in dollars per share) $ 0.80 $ (2.09) $ (4.88) $ (4.14)
Diluted (in dollars per share) $ 0.79 $ (2.09) $ (4.88) $ (4.14)
Weighted average common shares outstanding:        
Basic (in shares) 16,338 16,268 16,320 16,250
Diluted (in shares) 16,510 16,268 16,320 16,250
Oil        
Oil, natural gas and natural gas liquids sales:        
Total oil, natural gas and natural gas liquids sales $ 73,944 $ 51,935 $ 136,468 $ 93,205
Natural gas        
Oil, natural gas and natural gas liquids sales:        
Total oil, natural gas and natural gas liquids sales 14,759 5,317 23,640 14,404
NGLs        
Oil, natural gas and natural gas liquids sales:        
Total oil, natural gas and natural gas liquids sales $ 12,587 $ 6,851 $ 22,590 $ 11,760