Quarterly report pursuant to Section 13 or 15(d)

CONDENSED STATEMENTS OF OPERATIONS (UNAUDITED)

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CONDENSED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenues    
Gain (Loss) on Commodity Derivatives, Net $ (135,935) $ 376,581
Total Revenues 21,397 506,785
Operating Expenses    
Production Expenses 34,312 37,335
Production Taxes 13,453 11,896
General and Administrative Expense 6,782 4,871
Depletion, Depreciation, Amortization and Accretion 31,221 61,809
Total Operating Expenses 85,768 115,911
Income (Loss) From Operations (64,371) 390,875
Other Income (Expense)    
Interest Expense, Net of Capitalization (13,510) (16,551)
Gain (Loss) on Unsettled Interest Rate Derivatives, Net 240 (677)
Loss on Extinguishment of Debt, Net (12,594) (5,527)
Contingent Consideration Loss (125) 0
Other Income (Expense) 3 0
Total Other Income (Expense) (25,986) (22,755)
Income (Loss) Before Income Taxes (90,357) 368,120
Income Tax Provision (Benefit) 0 (166)
Net Income (Loss) (90,357) 368,286
Cumulative Preferred Stock Dividend (3,830) (3,729)
Net Income (Loss) Attributable to Common Stockholders $ (94,188) $ 364,557
Net Income (Loss) Per Common Share - Basic (in dollars per share) [1] $ (1.73) $ 9.03
Net Income (Loss) Per Common Share - Diluted (in dollars per share) [1] $ (1.73) $ 7.33
Weighted Average Shares Outstanding - Basic (in shares) [1] 54,538,099 40,366,253
Weighted Average Shares Outstanding - Diluted (in shares) [1] 54,538,099 49,721,264
Oil and Gas Sales    
Revenues    
Revenue $ 157,331 $ 130,196
Other Revenue    
Revenues    
Revenue $ 1 $ 8
[1] Adjusted for the 1-for-10 reverse stock split.