Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

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Consolidated Statements of Operations - USD ($)
shares in Thousands
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating Revenues:      
Total operating revenues $ 2,045,030,000 $ 1,033,147,000 $ 671,572,000
Operating Expenses:      
Lease operating 203,141,000 194,101,000 91,827,000
Production and ad valorem taxes 100,160,000 62,638,000 42,651,000
Gathering, transportation and processing 80,970,000 77,309,000 0
Depreciation, depletion and amortization 356,556,000 480,631,000 240,642,000
General and administrative 50,483,000 37,187,000 45,331,000
Impairment of evaluated oil and gas properties 0 2,547,241,000 0
Merger, integration and transaction 14,289,000 28,482,000 74,363,000
Other operating 3,366,000 10,644,000 4,100,000
Total operating expenses 1,010,053,000 3,489,999,000 498,914,000
Income (Loss) From Operations 1,034,977,000 (2,456,852,000) 172,658,000
Other (Income) Expenses:      
Interest expense, net of capitalized amounts 102,012,000 94,329,000 2,907,000
Loss on derivative contracts 522,300,000 27,773,000 62,109,000
(Gain) loss on extinguishment of debt 41,040,000 (170,370,000) 4,881,000
Other (income) expense 4,294,000 2,983,000 (468,000)
Total other (income) expense 669,646,000 (45,285,000) 69,429,000
Income (Loss) Before Income Taxes 365,331,000 (2,411,567,000) 103,229,000
Income tax expense (180,000) (122,054,000) (35,301,000)
Net Income (Loss) 365,151,000 (2,533,621,000) 67,928,000
Preferred stock dividends 0 0 (3,997,000)
Loss on redemption of preferred stock 0 0 (8,304,000)
Income (Loss) Available to Common Stockholders $ 365,151,000 $ (2,533,621,000) $ 55,627,000
Income (Loss) Available to Common Stockholders Per Common Share      
Basic (in dollars per share) $ 7.51 $ (63.79) $ 2.39
Diluted (in dollars per share) $ 7.26 $ (63.79) $ 2.38
Weighted Average Common Shares Outstanding      
Basic (in shares) 48,612 39,718 23,313
Diluted (in shares) 50,311 39,718 23,340
Oil      
Operating Revenues:      
Total operating revenues $ 1,516,225,000 $ 850,667,000 $ 633,107,000
Natural gas      
Operating Revenues:      
Total operating revenues 141,493,000 51,866,000 36,390,000
Natural gas liquids      
Operating Revenues:      
Total operating revenues 193,861,000 81,295,000 2,075,000
Sales of purchased oil and gas      
Operating Revenues:      
Total operating revenues 193,451,000 49,319,000 0
Operating Expenses:      
Cost of purchased oil and gas $ 201,088,000 $ 51,766,000 $ 0