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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Operating net revenues:    
Oil and gas sales $ 72,594 $ 64,193
Operating expenses:    
Lease operating expense 5,426 10,459
Severance and ad valorem taxes 4,248 5,233
Exploration 97 29
Depreciation, depletion, and amortization 15,759 7,508
Abandonment and impairment of unproved properties 879 2,502
Unused commitments 0 21
General and administrative expense (including $1,380 and $1,008, respectively, of stock-based compensation) 10,278 9,533
Total operating expenses 43,030 41,236
Income from operations 29,564 22,957
Other income (expense):    
Derivative loss (36,544) (8,742)
Interest expense (1,151) (357)
Gain on sale of properties 1,126 0
Other income 12 12
Total other expense (36,557) (9,087)
Income (loss) from operations before taxes (6,993) 13,870
Income tax benefit (expense) 0 0
Net income (loss) (6,993) 13,870
Comprehensive income (loss) $ (6,993) $ 13,870
Basic net income (loss) per common share (in dollars per share) $ (0.34) $ 0.68
Diluted net income (loss) per common share (in dollars per share) $ (0.34) $ 0.68
Basic weighted-average common shares outstanding (in shares) 20,557 20,454
Diluted weighted-average common shares outstanding (in shares) 20,557 20,470
Gas plant and midstream operating expense    
Operating expenses:    
Operating expenses $ 2,321 $ 3,613
Gathering, transportation, and processing    
Operating expenses:    
Operating expenses $ 4,022 $ 2,338