v3.20.1
Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating revenues:    
Total operating revenues $ 289,919 $ 153,047
Operating Expenses:    
Lease operating 52,383 24,067
Production and ad valorem taxes 19,680 10,813
Gathering, transportation and processing 14,378 0
Depreciation, depletion and amortization 131,463 60,184
General and administrative 8,325 14,777
Merger and integration expenses 15,830 0
Other operating 0 157
Total operating expenses 242,059 109,998
Income From Operations 47,860 43,049
Other (Income) Expenses:    
Interest expense, net of capitalized amounts 20,478 738
(Gain) loss on derivative contracts (251,969) 67,260
Other income (1,262) (257)
Total other (income) expense (232,753) 67,741
Income (Loss) Before Income Taxes 280,613 (24,692)
Income tax (expense) benefit (64,048) 5,149
Net Income (Loss) 216,565 (19,543)
Preferred stock dividends 0 (1,824)
Income (Loss) Available to Common Stockholders $ 216,565 $ (21,367)
Income (Loss) Available to Common Stockholders Per Common Share:    
Basic (in dollars per share) $ 0.55 $ (0.09)
Diluted (in dollars per share) $ 0.55 $ (0.09)
Weighted Average Common Shares Outstanding:    
Basic (in shares) 396,682 227,784
Diluted (in shares) 396,836 227,784
Oil    
Operating revenues:    
Total operating revenues $ 265,767 $ 141,098
Natural gas    
Operating revenues:    
Total operating revenues 6,029 11,949
Natural gas liquids    
Operating revenues:    
Total operating revenues $ 18,123 $ 0

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