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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 18, 2020
Sep. 30, 2019
Sep. 18, 2020
Sep. 30, 2019
Revenues and other income $ 23,533,000 $ 170,036,000 $ 315,453,000 $ 530,112,000 $ 964,270,000
Expenses          
Taxes other than income 2,073,000 13,473,000 22,010,000 43,531,000 71,312,000
General and administrative expenses 1,735,000 15,013,000 18,266,000 48,522,000 54,697,000
Interest, net of amounts capitalized 334,000 7,704,000 22,858,000 48,267,000 60,672,000
Depletion, depreciation, and amortization 5,283,000 36,317,000 55,064,000 188,593,000 170,625,000
Commodity derivatives expense (income) (4,035,000) 4,609,000 (43,155,000) (102,032,000) 15,462,000
Gain on debt extinguishment 0 0 (5,874,000) (18,994,000) (106,220,000)
Write-down of oil and natural gas properties 0 261,677,000 0 996,658,000 0
Reorganization items, net 0 849,980,000 0 849,980,000 0
Other expenses 2,164,000 22,084,000 2,140,000 35,868,000 8,664,000
Total expenses 20,763,000 1,282,963,000 205,541,000 2,378,819,000 678,722,000
Income (loss) before income taxes 2,770,000 (1,112,927,000) 109,912,000 (1,848,707,000) 285,548,000
Income tax provision (benefit) 12,000 (303,807,000) 37,050,000 (416,129,000) 91,668,000
Net income (loss) $ 2,758,000 $ (809,120,000) $ 72,862,000 $ (1,432,578,000) $ 193,880,000
Net income (loss) per common share          
Basic $ 0.06 $ (1.63) $ 0.16 $ (2.89) $ 0.43
Diluted $ 0.06 $ (1.63) $ 0.14 $ (2.89) $ 0.41
Weighted average common shares outstanding          
Basic 50,000 497,398 455,487 495,560 453,287
Diluted 50,000 497,398 547,205 495,560 490,054
Other income          
Revenues and other income $ 94,000 $ 7,097,000 $ 7,817,000 $ 8,419,000 $ 12,274,000
Transportation and marketing          
Operating expenses 1,344,000 8,155,000 10,067,000 27,164,000 32,076,000
Oil, natural gas, and related product sales          
Revenues and other income 22,321,000 153,090,000 293,192,000 492,101,000 918,190,000
Operating expenses 11,484,000 59,708,000 117,850,000 250,271,000 361,205,000
CO2          
Revenues and other income 967,000 6,517,000 8,976,000 21,049,000 25,532,000
Operating expenses 242,000 955,000 879,000 2,592,000 2,016,000
Oil marketing          
Revenues and other income 151,000 3,332,000 5,468,000 8,543,000 8,274,000
Operating expenses $ 139,000 $ 3,288,000 $ 5,436,000 $ 8,399,000 $ 8,213,000