Quarterly report pursuant to Section 13 or 15(d)

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.20.2
BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)
9 Months Ended
Sep. 30, 2020
Accounting Policies [Abstract]  
Reconciliation of denominators used to calculate basic and diluted EPS The reconciliation of the denominators used to calculate basic EPS and diluted EPS for the three and nine months ended September 30, 2020 and 2019 are as follows:
  Three Months Ended
September 30,
Nine Months Ended
September 30,
(In thousands, except share and per share data) 2020 2019 2020 2019
Net Income (Loss) $ (233,004) $ 94,381  $ (763,918) $ 31,619 
Less: Cumulative Dividends on Preferred Stock (3,718) —  (10,986) — 
Net Income (Loss) Attributable to Common Stock $ (236,722) $ 94,381  $ (774,904) $ 31,619 
Weighted Average Common Shares Outstanding:
Weighted Average Common Shares Outstanding – Basic 43,517,074  39,604,482  41,812,553  38,204,403 
Plus: Dilutive Effect of Restricted Stock —  48,588  —  70,023 
Plus: Dilutive Effect of Preferred Shares —  —  —  — 
Weighted Average Common Shares Outstanding – Diluted 43,517,074  39,653,070  41,812,553  38,274,426 
Net Income (Loss) per Common Share:
Basic $ (5.44) $ 2.38  $ (18.53) $ 0.83 
Diluted $ (5.44) $ 2.38  $ (18.53) $ 0.83 
Shares Excluded from EPS Due to Anti-Dilutive Effect:
Restricted Stock 84,319  8,821  54,885  4,033 
Preferred Stock 10,057,601  —  9,880,344  — 
Supplemental cash flow activity
The following reflects the Company’s supplemental cash flow information:

Nine Months Ended September 30,
(In thousands) 2020 2019
Supplemental Cash Items:
Cash Paid During the Period for Interest, Net of Amount Capitalized $ 42,736  $ 52,916 
Cash Paid During the Period for Income Taxes —  — 
Non-cash Operating Activities:
Contingent Consideration Settlements in Excess of Acquisition-Date Liabilities —  18,480 
Non-cash Investing Activities:
Oil and Natural Gas Properties Included in Accounts Payable and Accrued Liabilities 76,498  178,772 
Capitalized Asset Retirement Obligations 457  3,703 
Compensation Capitalized on Oil and Gas Properties 385  296 
Issuance of Common Stock - Acquisitions of Oil and Natural Gas Properties —  11,708 
Issuance of Unsecured VEN Bakken Note —  128,660 
Non-cash Financing Activities:
Issuance of 8.50% Second Lien Notes due 2023 - PIK Interest
—  3,480 
Issuance of Common Stock for 2L Notes Repurchase 37,169  — 
Issuance of Preferred Stock for 2L Notes Repurchase 81,212  — 
Issuance of Common Stock for Preferred Stock Exchange 1,113  — 
Debt Exchange Derivative Liability Settlements —  15,735 
Contingent Consideration Settlements —  17,822