STATEMENTS OF OPERATIONS - USD ($) |
12 Months Ended | ||||
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Dec. 31, 2020 |
Dec. 31, 2019 |
Dec. 31, 2018 |
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Revenues | |||||
Gain (Loss) on Derivative Instruments, Net | $ 228,141,000 | $ (128,837,000) | $ 185,006,000 | ||
Total Revenues | 552,210,000 | 472,402,000 | 678,924,000 | ||
Operating Expenses | |||||
Production Expenses | 116,336,000 | 118,899,000 | 66,646,000 | ||
Production Taxes | 29,783,000 | 57,771,000 | 45,302,000 | ||
General and Administrative Expenses | 18,546,000 | 23,624,000 | 14,568,000 | ||
Depletion, Depreciation, Amortization and Accretion | 162,120,000 | 210,201,000 | 119,780,000 | ||
Impairment of Other Current Assets | 0 | 6,398,000 | 0 | ||
Impairment Expense | 1,066,668,000 | 0 | 0 | ||
Total Operating Expenses | 1,393,453,000 | 416,893,000 | 246,296,000 | ||
Income (Loss) From Operations | (841,243,000) | 55,509,000 | 432,628,000 | ||
Other Income (Expense) | |||||
Interest Expense, Net of Capitalization | (58,503,000) | (79,229,000) | (86,005,000) | ||
Write-off of Debt Issuance Costs | (1,543,000) | 0 | 0 | ||
Loss on Unsettled Interest Rate Derivatives | (1,019,000) | 0 | 0 | ||
(Gain) Loss on Extinguishment of Debt | (3,718,000) | (23,187,000) | (173,430,000) | ||
Debt Exchange Derivative Gain (Loss) | 0 | 1,390,000 | (598,000) | ||
Contingent Consideration Loss | (169,000) | (29,512,000) | (28,968,000) | ||
Financing Expense | 0 | (1,447,000) | (884,000) | ||
Other Income (Expense) | (12,000) | 158,000 | 891,000 | ||
Total Other Income (Expense) | (64,964,000) | (131,827,000) | (288,994,000) | ||
Income (Loss) Before Income Taxes | (906,207,000) | (76,318,000) | 143,634,000 | ||
Income Tax Benefit | (166,000) | 0 | (55,000) | ||
Net Income (Loss) | (906,041,000) | (76,318,000) | 143,689,000 | ||
Cumulative Preferred Stock Dividend | (15,266,000) | (1,029,000) | 0 | ||
Net Income (Loss) Attributable to Common Stock | $ (921,307,000) | $ (77,347,000) | $ 143,689,000 | ||
Net Income (Loss) Per Common Share - Basic (in dollars per share) | [1] | $ (21.55) | $ (2.00) | $ 6.08 | |
Net Income (Loss) Per Common Share - Diluted (in dollars per share) | [1] | $ (21.55) | $ (2.00) | $ 6.07 | |
Weighted Average Shares Outstanding - Basic (in shares) | [1] | 42,744,639 | 38,708,460 | 23,620,646 | |
Weighted Average Shares Outstanding - Diluted (in shares) | [1] | 42,744,639 | 38,708,460 | 23,677,391 | |
Oil and Gas Sales | |||||
Revenues | |||||
Revenues | $ 324,052,000 | $ 601,218,000 | $ 493,909,000 | ||
Other Revenue | |||||
Revenues | |||||
Revenues | $ 17,000 | $ 21,000 | $ 9,000 | ||
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- Definition The current period expense for depletion, depreciation, amortization and accretion. No definition available.
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- Definition Derivative, Gain (Loss) On Derivative, Net, Unsettled Interest Rate Derivative No definition available.
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- Definition Finance Expense No definition available.
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- Definition Gain (Loss) On Contingent Consideration No definition available.
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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of increase (decrease) in the fair value of derivatives recognized in the income statement. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Aggregate net gain (loss) on all derivative instruments recognized in earnings during the period, before tax effects. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Reflects the difference between the fair value of payments made to legally extinguish a debt and its carrying value at that time. This item excludes the write-off of amounts previously capitalized as debt issuance costs. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The expense recorded to reduce the value of oil and gas assets consisting of proved properties and unproved properties as the estimate of future successful production from these properties is reduced. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The charge against earnings resulting from the write down of long lived assets other than goodwill due to the difference between the carrying value and lower fair value. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of preferred stock dividends that is an adjustment to net income apportioned to common stockholders. No definition available.
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- Definition A tax assessed on oil and gas production. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Write-off of amounts previously capitalized as debt issuance cost in an extinguishment of debt. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Details
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- Details
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