Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2019

Accounting Policies [Abstract]

Disaggregation of revenue

The following table summarizes the Company’s total revenues and revenues from contracts with customers on a disaggregated basis for the three and nine months ended September 30, 2019 and 2018 (in thousands).

	Three Months Ended   September 30,					Nine Months Ended   September 30,
	2019		2018			2019			2018
Revenues from contracts with customers	$	264,498	$	223,091		$	715,218		$	620,539
Lease bonus - mineral acreage	1,711		—			1,711			—
Realized gain (loss) on derivatives	3,346		5,424			7,781			(1,322		)
Unrealized gain (loss) on derivatives	9,847		(21,337		)	(29,715		)	(9,492		)
Total revenues	$	279,402	$	207,178		$	694,995		$	609,725

	Three Months Ended   September 30,				Nine Months Ended   September 30,
	2019		2018		2019		2018
Oil revenues	$	198,302	$	169,913	$	541,590	$	484,343
Natural gas revenues	31,075		46,369		92,116		122,912
Third-party midstream services revenues	15,257		6,809		41,454		13,284
Sales of purchased natural gas	19,864		—		40,058		—
Total revenues from contracts with customers	$	264,498	$	223,091	$	715,218	$	620,539

Reconciliations of basic and diluted distributed and undistributed earnings (loss) per common share

The following table sets forth the computation of diluted weighted average common shares outstanding for the three and nine months ended September 30, 2019 and 2018 (in thousands).

	Three Months Ended   September 30,		Nine Months Ended   September 30,
	2019	2018	2019	2018
Weighted average common shares outstanding
Basic	116,643	116,358	116,541	112,659
Dilutive effect of options and restricted stock units	333	554	453	549
Diluted weighted average common shares outstanding	116,976	116,912	116,994	113,208