Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2021

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 months ended March 31, 2021 and 2020 (in thousands).

	Three Months Ended March 31,
	2021		2020
Revenues from contracts with customers	$	336,181	$	224,288
Realized (loss) gain on derivatives	(25,913)		10,867
Unrealized (loss) gain on derivatives	(43,423)		136,430
Total revenues	$	266,845	$	371,585

	Three Months Ended March 31,
	2021		2020
Oil revenues	$	213,279	$	169,585
Natural gas revenues	102,954		28,329
Third-party midstream services revenues	15,438		15,830
Sales of purchased natural gas	4,510		10,544
Total revenues from contracts with customers	$	336,181	$	224,288

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 months ended March 31, 2021 and 2020 (in thousands).

	Three Months Ended March 31,
	2021	2020
Weighted average common shares outstanding
Basic	116,807	116,607
Dilutive effect of options and restricted stock units	1,862	77
Diluted weighted average common shares outstanding	118,669	116,684