Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations

v3.23.1
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating Revenues:    
Total operating revenues $ 560,046 $ 777,218 [1]
Operating Expenses:    
Lease operating 75,102 67,328 [1]
Production and ad valorem taxes 32,721 37,678 [1]
Gathering, transportation and processing 25,977 20,775 [1]
Exploration 2,232 1,885 [1]
Depreciation, depletion and amortization 125,965 113,643 [1]
General and administrative 27,798 27,057 [1]
Merger, integration and transaction 0 769 [1]
Total operating expenses 375,856 380,406 [1]
Income From Operations 184,190 396,812 [1]
Other (Income) Expenses:    
Interest expense 46,306 47,096 [1]
(Gain) loss on derivative contracts (25,645) 358,300 [1]
Other (income) expense (6,414) (782) [1]
Total other (income) expense 14,247 404,614 [1]
Income (Loss) Before Income Taxes 169,943 (7,802) [1]
Income tax benefit 50,695 87 [1]
Net Income (Loss) $ 220,638 $ (7,715) [1],[2]
Net Income (Loss) Per Common Share:    
Basic (in dollars per share) $ 3.58 $ (0.13) [1]
Diluted (in dollars per share) $ 3.57 $ (0.13) [1]
Weighted Average Common Shares Outstanding:    
Basic (in shares) 61,625 61,487 [1]
Diluted (in shares) 61,874 61,487
Oil    
Operating Revenues:    
Total operating revenues $ 409,556 $ 553,249 [1]
Natural gas    
Operating Revenues:    
Total operating revenues 23,586 43,976 [1]
Natural gas liquids    
Operating Revenues:    
Total operating revenues 43,370 67,618 [1]
Sales of purchased oil and gas    
Operating Revenues:    
Total operating revenues 83,534 112,375 [1]
Operating Expenses:    
Cost of purchased oil and gas $ 86,061 $ 111,271 [1]
[1] Financial information for the prior period has been recast to reflect retrospective application of the successful efforts method of accounting. See “Note 2 - Summary of Significant Accounting Policies” for additional information.
[2] Financial information for the prior period has been recast to reflect retrospective application of the successful efforts method of accounting. See “Note 2 - Summary of Significant Accounting Policies” for additional information