v3.22.1
CONDENSED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenues    
Oil and Gas Sales $ 456,458 $ 157,332
Gain (Loss) on Commodity Derivatives, Net (489,388) (135,935)
Total Revenues (32,930) 21,397
Operating Expenses    
Production Expenses 54,540 34,312
Production Taxes 34,616 13,453
General and Administrative Expense 13,813 6,782
Depletion, Depreciation, Amortization and Accretion 53,185 31,221
Total Operating Expenses 156,154 85,768
Income (Loss) From Operations (189,084) (64,371)
Other Income (Expense)    
Interest Expense, Net of Capitalization (17,977) (13,510)
Gain on Unsettled Interest Rate Derivatives, Net 1,290 240
Loss on Extinguishment of Debt, Net 0 (12,594)
Contingent Consideration Gain (Loss) 0 (125)
Other Income (Expense) 0 3
Total Other Income (Expense) (16,687) (25,986)
Income (Loss) Before Income Taxes (205,771) (90,357)
Income Tax Provision (Benefit) 789 0
Net Loss (206,560) (90,357)
Cumulative Preferred Stock Dividend (3,016) (3,830)
Premium on Repurchase of Preferred Stock (14,957) 0
Net Loss Attributable to Common Stockholders $ (224,533) $ (94,188)
Net Loss Per Common Share - Basic (in dollars per share) $ (2.92) $ (1.73)
Net Loss Per Common Share - Diluted (in dollars per share) $ (2.92) $ (1.73)
Weighted Average Common Shares Outstanding – Basic (in shares) 76,922,543 54,538,099
Weighted Average Common Shares Outstanding - Diluted (in shares) 76,922,543 54,538,099

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