XML 15 R4.htm IDEA: XBRL DOCUMENT v3.22.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues and other income $ 482,156,000 $ 301,368,000 $ 894,015,000 $ 552,527,000
Expenses        
Taxes other than income 36,317,000 22,382,000 67,698,000 41,345,000
General and administrative expenses 19,235,000 15,450,000 37,927,000 47,433,000
Interest, net of amounts capitalized of $975, $1,168, $2,133 and $2,251, respectively 1,526,000 1,252,000 2,183,000 2,788,000
Depletion, depreciation, and amortization 35,400,000 36,381,000 70,745,000 75,831,000
Commodity derivatives expense 56,854,000 172,664,000 249,573,000 288,407,000
Write-down of oil and natural gas properties 0 0 0 14,377,000
Other expenses 6,621,000 3,214,000 8,733,000 5,360,000
Total expenses 301,814,000 379,359,000 721,050,000 700,402,000
Income (loss) before income taxes 180,342,000 (77,991,000) 172,965,000 (147,875,000)
Income tax provision (benefit) 24,848,000 (296,000) 18,343,000 (538,000)
Net income (loss) $ 155,494,000 $ (77,695,000) $ 154,622,000 $ (147,337,000)
Net income (loss) per common share        
Basic $ 3.00 $ (1.52) $ 2.99 $ (2.91)
Diluted $ 2.83 $ (1.52) $ 2.81 $ (2.91)
Weighted average common shares outstanding        
Basic 51,757 50,999 51,680 50,661
Diluted 54,886 50,999 54,931 50,661
Other income        
Revenues and other income $ 790,000 $ 707,000 $ 1,040,000 $ 1,067,000
Transportation and marketing        
Operating expenses 4,802,000 8,522,000 9,447,000 16,319,000
Oil, natural gas, and related product sales        
Revenues and other income 451,970,000 282,708,000 836,881,000 518,153,000
Operating expenses 124,351,000 110,225,000 242,179,000 192,195,000
CO2        
Revenues and other income 12,610,000 10,134,000 26,032,000 19,362,000
Operating expenses 1,681,000 1,531,000 4,498,000 2,524,000
Oil marketing        
Revenues and other income 16,786,000 7,819,000 30,062,000 13,945,000
Operating expenses $ 15,027,000 $ 7,738,000 $ 28,067,000 $ 13,823,000