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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues:        
Total operating revenues $ 155,406 $ 190,138 $ 426,867 $ 415,511
Expenses:        
Lease operating expenses 15,889 23,645 33,114 45,409
Facility lease expense 6,543 6,526 13,188 12,682
Production taxes 16,443 18,883 46,618 42,153
Gathering fees 20,320 24,181 40,200 47,238
Depletion, depreciation and amortization 55,768 51,742 107,422 102,282
General and administrative 7,433 2,063 14,485 14,752
Other operating expenses, net 15,281 639 16,085 853
Total operating expenses 137,677 127,679 271,112 265,369
Operating income 17,729 62,459 155,755 150,142
Other income (expense), net:        
Interest expense (32,376) (37,715) (65,703) (73,552)
Gain (loss) on commodity derivatives 71,654 (47,271) 7,316 (53,803)
Deferred gain on sale of liquids gathering system   2,638   5,276
Other income (expense), net (43) (657) 243 (688)
Total other (expense) income, net 39,235 (83,005) (58,144) (122,767)
Income before income tax (benefit) provision 56,964 (20,546) 97,611 27,375
Income tax (benefit) provision (141) 9 (169) 442
Net income (loss) $ 57,105 $ (20,555) $ 97,780 $ 26,933
Basic earnings (loss) per share:        
Net income (loss) per common share - basic $ 0.29 $ (0.10) $ 0.50 $ 0.14
Fully diluted earnings (loss) per share:        
Net income (loss) per common share - fully diluted $ 0.29 $ (0.10) $ 0.49 $ 0.14
Weighted average common shares outstanding - basic 197,514 197,054 197,449 196,803
Weighted average common shares outstanding - fully diluted 198,069 197,054 198,089 196,803
Natural Gas Sales        
Revenues:        
Total operating revenues $ 125,915 $ 141,255 $ 371,903 $ 322,716
Oil Sales        
Revenues:        
Total operating revenues 27,301 43,167 50,767 84,451
Other Revenues        
Revenues:        
Total operating revenues $ 2,190 $ 5,716 $ 4,197 $ 8,344