v3.22.1
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating Revenues:    
Total operating revenues $ 777,218 $ 359,881
Operating Expenses:    
Lease operating 67,328 40,453
Production and ad valorem taxes 37,678 18,439
Gathering, transportation and processing 20,775 17,981
Depreciation, depletion and amortization 102,979 70,987
General and administrative 17,121 16,799
Merger, integration and transaction 769 0
Total operating expenses 357,921 205,576
Income From Operations 419,297 154,305
Other (Income) Expenses:    
Interest expense, net of capitalized amounts 21,558 24,416
Loss on derivative contracts 358,300 214,523
Other income (782) (3,306)
Total other expense 379,076 235,633
Income (Loss) Before Income Taxes 40,221 (81,328)
Income tax benefit (expense) (484) 921
Net Income (Loss) $ 39,737 $ (80,407)
Net Income (Loss) Per Common Share:    
Basic (in dollars per share) $ 0.65 $ (1.89)
Diluted (in dollars per share) $ 0.64 $ (1.89)
Weighted Average Common Shares Outstanding:    
Basic (in shares) 61,487 42,590
Diluted (in shares) 62,065 42,590
Oil    
Operating Revenues:    
Total operating revenues $ 553,249 $ 267,045
Natural gas    
Operating Revenues:    
Total operating revenues 43,976 24,220
Natural gas liquids    
Operating Revenues:    
Total operating revenues 67,618 29,357
Sales of purchased oil and gas    
Operating Revenues:    
Total operating revenues 112,375 39,259
Operating Expenses:    
Cost of purchased oil and gas $ 111,271 $ 40,917

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