v3.20.1
STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
REVENUES      
Gain (Loss) on Derivative Instruments, Net $ (128,837) $ 185,006 $ (14,667)
Total Revenues 472,402 678,924 209,320
OPERATING EXPENSES      
Production Expenses 118,899 66,646 49,733
Production Taxes 57,771 45,302 20,604
General and Administrative Expenses 23,624 14,568 18,988
Depletion, Depreciation, Amortization and Accretion 210,201 119,780 59,500
Impairment of Other Current Assets 6,398 0 0
Total Expenses 416,893 246,296 148,825
INCOME (LOSS) FROM OPERATIONS 55,509 432,628 60,495
OTHER INCOME (EXPENSE)      
Interest Expense, Net of Capitalization (79,229) (86,005) (70,286)
Write-off of Debt Issuance Costs 0 0 (95)
(Gain) Loss on Extinguishment of Debt (23,187) (173,430) (993)
Debt Exchange Derivative Gain (Loss) 1,390 (598) 0
Contingent Consideration Loss (29,512) (28,968) 0
Financing Expense (1,447) (884) 0
Other Income 158 891 116
Total Other Income (Expense) (131,827) (288,994) (71,258)
INCOME (LOSS) BEFORE INCOME TAXES (76,318) 143,634 (10,764)
INCOME TAX BENEFIT 0 (55) (1,570)
NET INCOME (LOSS) $ (76,318) $ 143,689 $ (9,194)
Net Income (Loss) Per Common Share - Basic (in dollars per share) $ (0.20) $ 0.61 $ (0.15)
Net Income (Loss) Per Common Share - Diluted (in dollars per share) $ (0.20) $ 0.61 $ (0.15)
Weighted Average Shares Outstanding - Basic (in shares) 387,084,651 236,206,457 62,408,855
Weighted Average Shares Outstanding - Diluted (in shares) 387,084,651 236,773,911 62,408,855
Oil and Gas Sales      
REVENUES      
Revenues $ 601,218 $ 493,909 $ 223,963
Other Revenue      
REVENUES      
Revenues $ 21 $ 9 $ 24

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