Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

v3.23.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues:    
Total revenues $ 131,725 $ 191,004
Operating expenses:    
Lease operating expenses 65,186 43,411
Gathering, transportation and production taxes 6,136 5,267
Depreciation, depletion, and amortization 22,624 24,675
Asset retirement obligations accretion 7,510 6,236
General and administrative expenses 19,919 13,776
Total operating expenses 121,375 93,365
Operating income 10,350 97,639
Interest expense, net 14,713 19,883
Derivative (gain) loss (39,240) 79,997
Other expense , net 233 905
Income (loss) before income taxes 34,644 (3,146)
Income tax expense (benefit) 8,639 (689)
Net income (loss) $ 26,005 $ (2,457)
Net income (loss) per common share:    
Basic $ 0.18 $ (0.02)
Diluted $ 0.17 $ (0.02)
Weighted average common shares outstanding:    
Basic 146,418 142,942
Diluted 148,726 142,942
Oil and Condensate [Member]    
Revenues:    
Total revenues $ 97,000 $ 122,702
Natural Gas Liquids [Member]    
Revenues:    
Total revenues 7,795 13,820
Natural Gas, Production [Member]    
Revenues:    
Total revenues 24,804 51,366
Product and Service, Other [Member]    
Revenues:    
Total revenues $ 2,126 $ 3,116