Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2020

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 six months ended June 30, 2020 and 2019 (in thousands).

	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
Revenues from contracts with customers	$	147,416	$	234,382	$	371,704	$	450,720
Lease bonus - mineral acreage	4,062		—		4,062		—
Realized gain on derivatives	44,110		1,165		54,977		4,435
Unrealized (loss) gain on derivatives	(132,668)		6,157		3,762		(39,562)
Total revenues	$	62,920	$	241,704	$	434,505	$	415,593

	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
Oil revenues	$	94,174	$	189,085	$	263,759	$	343,288
Natural gas revenues	24,593		21,975		52,922		61,041
Third-party midstream services revenues	14,668		14,359		30,498		26,197
Sales of purchased natural gas	13,981		8,963		24,525		20,194
Total revenues from contracts with customers	$	147,416	$	234,382	$	371,704	$	450,720

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 six months ended June 30, 2020 and 2019 (in thousands).

	Three Months Ended June 30,		Six Months Ended June 30,
	2020	2019	2020	2019
Weighted average common shares outstanding
Basic	116,071	116,571	115,977	116,469
Dilutive effect of options and restricted stock units	—	332	—	370
Diluted weighted average common shares outstanding	116,071	116,903	115,977	116,839