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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) (in thousands, except per share data) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Operating revenues and other income:        
Oil, gas, and NGL production revenue $ 990,377 $ 562,569 $ 1,849,098 $ 985,734
Other operating income 1,725 1,280 2,780 21,961
Total operating revenues and other income 992,102 563,849 1,851,878 1,007,695
Operating expenses:        
Oil, gas, and NGL production expense 165,593 125,456 310,284 226,386
Depletion, depreciation, amortization, and asset retirement obligation liability accretion 154,823 204,714 314,304 371,674
Exploration 20,868 8,714 29,914 18,037
Impairment 4,389 8,750 5,389 17,500
General and administrative 28,291 24,639 53,287 49,353
Net derivative loss 104,236 370,348 522,757 715,037
Other operating expense, net 1,096 1,852 1,401 1,253
Total operating expenses 479,296 744,473 1,237,336 1,399,240
Income (loss) from operations 512,806 (180,624) 614,542 (391,545)
Interest expense (35,496) (39,536) (74,883) (79,407)
Loss on extinguishment of debt (67,226) (2,144) (67,605) (2,144)
Other non-operating income (expense), net 112 (853) (233) (1,224)
Income (loss) before income taxes 410,196 (223,157) 471,821 (474,320)
Income tax (expense) benefit (86,711) 162 (99,572) 56
Net income (loss) $ 323,485 $ (222,995) $ 372,249 $ (474,264)
Basic weighted-average common shares outstanding 121,910 118,357 121,909 116,568
Diluted weighted-average common shares outstanding 124,343 118,357 124,267 116,568
Basic net income (loss) per common share $ 2.65 $ (1.88) $ 3.05 $ (4.07)
Diluted net income (loss) per common share 2.60 (1.88) 3.00 (4.07)
Dividends per common share $ 0 $ 0 $ 0.01 $ 0.01