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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues and other income $ 301,368,000 $ 117,875,000 $ 552,527,000 $ 360,076,000
Expenses        
Taxes other than income 22,382,000 10,372,000 41,345,000 30,058,000
General and administrative expenses 15,450,000 23,776,000 47,433,000 33,509,000
Interest, net of amounts capitalized of $1,168, $8,729, $2,251 and $18,181, respectively 1,252,000 20,617,000 2,788,000 40,563,000
Depletion, depreciation, and amortization 36,381,000 55,414,000 75,831,000 152,276,000
Commodity derivatives expense (income) 172,664,000 40,130,000 288,407,000 (106,641,000)
Gain on debt extinguishment 0 0 0 (18,994,000)
Write-down of oil and natural gas properties 0 662,440,000 14,377,000 734,981,000
Other expenses 3,214,000 11,290,000 5,360,000 13,784,000
Total expenses 379,359,000 917,055,000 700,402,000 1,095,856,000
Loss before income taxes (77,991,000) (799,180,000) (147,875,000) (735,780,000)
Income tax benefit (296,000) (101,706,000) (538,000) (112,322,000)
Net loss $ (77,695,000) $ (697,474,000) $ (147,337,000) $ (623,458,000)
Net loss per common share        
Basic $ (1.52) $ (1.41) $ (2.91) $ (1.26)
Diluted $ (1.52) $ (1.41) $ (2.91) $ (1.26)
Weighted average common shares outstanding        
Basic 50,999 495,245 50,661 494,752
Diluted [1] 50,999 495,245 50,661 494,752
Other income        
Revenues and other income $ 707,000 $ 494,000 $ 1,067,000 $ 1,322,000
Transportation and marketing        
Operating expenses 8,522,000 9,388,000 16,319,000 19,009,000
Oil, natural gas, and related product sales        
Revenues and other income 282,708,000 109,387,000 518,153,000 339,011,000
Operating expenses 110,225,000 81,293,000 192,195,000 190,563,000
CO2        
Revenues and other income 10,134,000 6,504,000 19,362,000 14,532,000
Operating expenses 1,531,000 885,000 2,524,000 1,637,000
Oil marketing        
Revenues and other income 7,819,000 1,490,000 13,945,000 5,211,000
Operating expenses $ 7,738,000 $ 1,450,000 $ 13,823,000 $ 5,111,000
[1] If the Company had recognized net income, the weighted average diluted shares outstanding would have been 54.3 million and 587.1 million for the three months ended June 30, 2021 and 2020, respectively, and 52.7 million and 586.6 million for the six months ended June 30, 2021 and 2020, respectively.