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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues        
Total revenues $ 34,196 $ 16,655 $ 67,819 $ 56,984
Expenses        
Lease operating expenses 9,232 8,698 17,186 24,340
Production, ad valorem, and other taxes 2,534 1,854 4,710 5,053
Depreciation and depletion — oil and natural gas 2,193 13,348 4,698 38,203
Depreciation and amortization — other 1,475 1,739 2,969 4,373
Impairment 0 201,784 0 209,754
General and administrative 2,522 4,314 4,612 9,797
Restructuring expenses 256 444 2,310 444
Employee termination benefits 0 1,993 49 5,247
(Gain) loss on derivative contracts 0 (2,241) 0 (12,467)
Gain (Loss) on Disposition of Assets 0 (42) (19,713) 78
Other operating (income) expense, net (65) 150 (113) 307
Total expenses 18,147 232,041 16,708 285,129
Income (loss) from operations 16,049 (215,386) 51,111 (228,145)
Other income (expense)        
Interest expense, net (84) (447) (131) (1,084)
Other income (expense), net 287 58 315 134
Total other income (expense) 203 (389) 184 (950)
Income (loss) before income taxes 16,252 (215,775) 51,295 (229,095)
Income tax expense (benefit) 0 4 0 (646)
Net income (loss) $ 16,252 $ (215,779) $ 51,295 $ (228,449)
Net income (loss) per share        
Basic (in dollars per share) $ 0.45 $ (6.06) $ 1.42 $ (6.42)
Diluted (in dollars per share) $ 0.44 $ (6.06) $ 1.38 $ (6.42)
Weighted average number of common shares outstanding        
Basic (in shares) 36,416,000 35,611,000 36,187,000 35,581,000
Diluted (in shares) 37,345,000 35,611,000 37,283,000 35,581,000
Oil, natural gas and NGL        
Revenues        
Total revenues $ 34,196 $ 16,448 $ 67,819 $ 56,587
Other        
Revenues        
Total revenues $ 0 $ 207 $ 0 $ 397