v3.19.3
Condensed Consolidated Statements Of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues:        
Oil and natural gas sales $ 17,603 $ 25,266 $ 62,598 $ 77,337
Operating costs and expenses:        
Production expense 9,836 7,481 27,874 31,258
Exploration Expense       12
Depreciation, depletion and amortization 1,509 1,130 4,971 3,289
Gain on revision of asset retirement obligations   (3,325)   (3,325)
General and administrative expense 4,738 2,811 11,905 10,422
Bad debt (recovery) expense 54 (157) 30 (68)
Total operating costs and expenses 16,137 7,940 44,780 41,588
Other operating income (expense), net 35 (6) (4,401) 332
Operating income 1,501 17,320 13,417 36,081
Other income (expense):        
Derivative instruments gain (loss), net 2,267 (1,026) 2,266 (2,036)
Interest income (expense), net 193 111 581 (273)
Other, net (138) (3) (521) (148)
Total other income (expense), net 2,322 (918) 2,326 (2,457)
Income from continuing operations before income taxes 3,823 16,402 15,743 33,624
Income tax expense (benefit) 7,681 (62,224) 19,642 (54,600)
Income (loss) from continuing operations (3,858) 78,626 (3,899) 88,224
Income (loss) from discontinued operations, net of tax (61) (21) 5,448 (416)
Net income (loss) $ (3,919) $ 78,605 $ 1,549 $ 87,808
Basic net income (loss) per share:        
Income (loss) from continuing operations $ (0.07) $ 1.31 $ (0.07) $ 1.48
Income (loss) from discontinued operations, net of tax 0.00 0.00 0.09 (0.01)
Net income (loss) per share $ (0.07) $ 1.31 $ 0.02 $ 1.47
Basic weighted average shares outstanding 58,953 59,481 59,457 59,147
Diluted net income (loss) per share:        
Income (loss) from continuing operations $ (0.07) $ 1.28 $ (0.07) $ 1.46
Income (loss) from discontinued operations, net of tax 0.00 0.00 0.09 (0.01)
Net income (loss) per share $ (0.07) $ 1.28 $ 0.02 $ 1.45
Diluted weighted average shares outstanding 58,953 60,818 59,457 59,846

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