v3.20.2
CONDENSED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues        
Gain (Loss) on Commodity Derivatives, Net $ (26,361) $ 75,892 $ 277,582 $ (27,139)
Total Revenues 47,322 233,883 502,135 413,389
Operating Expenses        
Production Expenses 24,159 32,347 88,132 83,146
Production Taxes 6,936 15,391 20,750 41,944
General and Administrative Expense 4,605 4,206 14,185 15,506
Depletion, Depreciation, Amortization and Accretion 30,786 55,566 129,350 146,791
Impairment of Other Current Assets 0 5,275 0 7,969
Impairment Expense 199,489 0 962,205 0
Total Operating Expenses 265,975 112,784 1,214,622 295,355
Income (Loss) From Operations (218,653) 121,100 (712,487) 118,034
Other Income (Expense)        
Interest Expense, Net of Capitalization (14,637) (21,510) (45,145) (58,836)
Write-off of Debt Issuance Costs (1,543) 0 (1,543) 0
Gain (Loss) on Unsettled Interest Rate Derivatives, Net 224 0 (1,205) 0
Gain (Loss) on Extinguishment of Debt, Net 1,592 0 (3,718) (425)
Debt Exchange Derivative Gain/(Loss) 0 (23) 0 1,390
Contingent Consideration Loss 0 (5,262) 0 (28,633)
Other Income (Expense) 13 75 14 88
Total Other Income (Expense) (14,351) (26,719) (51,597) (86,416)
Income (Loss) Before Income Taxes (233,004) 94,381 (764,084) 31,619
Income Tax Provision (Benefit) 0 0 (166) 0
Net Income (Loss) (233,004) 94,381 (763,918) 31,619
Cumulative Preferred Stock Dividend (3,718) 0 (10,986) 0
Net Income (Loss) Attributable to Common Shareholders $ (236,722) $ 94,381 $ (774,904) $ 31,619
Net Income (Loss) Per Common Share - Basic (in dollars per share) [1] $ (5.44) $ 2.38 $ (18.53) $ 0.83
Net Income (Loss) Per Common Share - Diluted (in dollars per share) [1] $ (5.44) $ 2.38 $ (18.53) $ 0.83
Weighted Average Shares Outstanding - Basic (in shares) [1] 43,517,074 39,604,482 41,812,553 38,204,403
Weighted Average Shares Outstanding - Diluted (in shares) [1] 43,517,074 39,653,070 41,812,553 38,274,426
Oil and Gas Sales        
Revenues        
Revenue $ 73,680 $ 157,989 $ 224,541 $ 440,519
Other Revenue        
Revenues        
Revenue $ 3 $ 3 $ 12 $ 10
[1] Adjusted for the 1-for-10 reverse stock split.

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