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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues        
Total revenues $ 402,039 $ 271,059 $ 1,150,558 $ 825,209
Operating expenses        
Lease operating expenses 29,307 29,353 98,888 108,730
Gathering, processing and transportation expenses 16,400 20,328 52,596 73,557
Production taxes 18,445 13,039 50,933 39,129
Depreciation, depletion and amortization 33,623 36,000 112,581 272,885
Exploration expenses 263 725 1,936 3,061
Rig termination 0 1,017 0 1,279
Impairment 0 2,578 5 4,828,575
General and administrative expenses 19,514 49,251 60,461 117,868
Litigation settlement 0 22,750 0 22,750
Total operating expenses 203,854 234,008 649,033 5,672,089
Gain on sale of properties 5,405 1,473 228,473 11,652
Operating income (loss) 203,590 38,524 729,998 (4,835,228)
Other income (expense)        
Net gain (loss) on derivative instruments (101,790) (5,071) (550,342) 243,064
Interest expense, net of capitalized interest (18,153) (37,389) (49,421) (177,534)
Gain (loss) on extinguishment of debt 0 (20) 0 83,867
Reorganization items, net 0 (49,758) 0 (49,758)
Other income (expense) (315) 1,473 (859) 2,373
Total other income (expense), net (120,258) (90,765) (600,622) 102,012
Income (loss) before income taxes 83,332 (52,241) 129,376 (4,733,216)
Income tax benefit 0 5,144 0 262,495
Net income (loss) including non-controlling interests 83,332 (47,097) 129,376 (4,470,721)
Less: Net income (loss) attributable to non-controlling interests 11,382 8,602 27,654 (11,218)
Net income (loss) attributable to Oasis $ 71,950 $ (55,699) $ 101,722 $ (4,459,503)
Earnings (loss) attributable to Oasis per share:        
Basic (in dollars per share) $ 3.63 $ (0.17) $ 5.11 $ (14.05)
Diluted (in dollars per share) $ 3.46 $ (0.17) $ 4.96 $ (14.05)
Weighted average shares outstanding:        
Basic (in shares) 19,812 318,287 19,905 317,365
Diluted (in shares) 20,786 318,287 20,508 317,365
Oil and Gas Services        
Revenues        
Total revenues $ 281,636 $ 179,577 $ 782,324 $ 512,535
Purchased Oil and Gas        
Revenues        
Total revenues 53,570 44,194 183,885 167,824
Operating expenses        
Expenses 53,880 47,549 187,745 165,932
Midstream Total        
Revenues        
Total revenues 66,712 46,979 183,807 138,164
Operating expenses        
Expenses 32,396 11,110 83,841 32,355
Other Services        
Revenues        
Total revenues 121 309 542 6,686
Operating expenses        
Expenses $ 26 $ 308 $ 47 $ 5,968