Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations

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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Operating Revenues:        
Total operating revenues $ 913,620 $ 440,399 $ 1,690,838 $ 800,280
Operating Expenses:        
Lease operating 72,940 46,460 140,268 86,913
Production and ad valorem taxes 44,873 21,958 82,551 40,397
Gathering, transportation and processing 23,267 20,031 44,042 38,012
Depreciation, depletion and amortization 109,409 83,128 212,388 154,115
General and administrative 10,909 11,065 28,030 27,864
Merger, integration and transaction 0 0 769 0
Total operating expenses 416,795 231,891 774,716 437,467
Income From Operations 496,825 208,508 916,122 362,813
Other (Income) Expenses:        
Interest expense, net of capitalized amounts 20,691 24,634 42,249 49,050
Loss on derivative contracts 81,648 190,463 439,948 404,986
Loss on extinguishment of debt 42,417 0 42,417 0
Other (income) expense 1,051 5,584 269 2,278
Total other expense 145,807 220,681 524,883 456,314
Income (Loss) Before Income Taxes 351,018 (12,173) 391,239 (93,501)
Income tax benefit (expense) (3,009) 478 (3,493) 1,399
Net Income (Loss) $ 348,009 $ (11,695) $ 387,746 $ (92,102)
Net Income (Loss) Per Common Share:        
Basic (in dollars per share) $ 5.64 $ (0.25) $ 6.30 $ (2.07)
Diluted (in dollars per share) $ 5.62 $ (0.25) $ 6.26 $ (2.07)
Weighted Average Common Shares Outstanding:        
Basic (in shares) 61,679 46,267 61,583 44,439
Diluted (in shares) 61,909 46,267 61,956 44,439
Oil        
Operating Revenues:        
Total operating revenues $ 619,812 $ 333,442 $ 1,173,061 $ 600,487
Natural gas        
Operating Revenues:        
Total operating revenues 64,913 24,080 108,889 48,300
Natural gas liquids        
Operating Revenues:        
Total operating revenues 75,530 36,625 143,148 65,982
Sales of purchased oil and gas        
Operating Revenues:        
Total operating revenues 153,365 46,252 265,740 85,511
Operating Expenses:        
Cost of purchased oil and gas $ 155,397 $ 49,249 $ 266,668 $ 90,166