v3.20.1
CONDENSED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
REVENUES    
Gain (Loss) on Commodity Derivatives, Net $ 376,581 $ (139,623)
Total Revenues 506,785 (6,934)
OPERATING EXPENSES    
Production Expenses 37,335 24,666
Production Taxes 11,896 12,520
General and Administrative Expense 4,871 6,051
Depletion, Depreciation, Amortization and Accretion 61,809 45,134
Total Operating Expenses 115,911 88,371
INCOME (LOSS) FROM OPERATIONS 390,875 (95,305)
OTHER INCOME (EXPENSE)    
Interest Expense, Net of Capitalization (16,551) (19,548)
Gain (Loss) on Unsettled Interest Rate Derivatives, Net (677) 0
Loss on Extinguishment of Debt (5,527) 0
Debt Exchange Derivative Gain 0 6,287
Contingent Consideration Gain 0 1,392
Other Income 0 12
Total Other Income (Expense) (22,755) (11,857)
INCOME (LOSS) BEFORE INCOME TAXES 368,120 (107,162)
INCOME TAX PROVISION (BENEFIT) (166) 0
NET INCOME (LOSS) $ 368,286 $ (107,162)
Net Income (Loss) Per Common Share - Basic (in dollars per share) $ 0.90 $ (0.29)
Net Income (Loss) Per Common Share - Diluted (in dollars per share) $ 0.74 $ (0.29)
Weighted Average Shares Outstanding - Basic (in shares) 403,662,541 371,448,566
Weighted Average Shares Outstanding - Diluted (in shares) 497,265,647 371,448,566
Oil and Gas Sales    
REVENUES    
Revenue $ 130,196 $ 132,684
Other Revenue    
REVENUES    
Revenue $ 8 $ 5

Source