v3.20.2
Condensed Consolidated Statements Of Operations - USD ($)
shares in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues:        
Crude oil and natural gas sales $ 17,974,000 $ 25,230,000 $ 36,363,000 $ 44,995,000
Operating costs and expenses:        
Production expense 12,126,000 9,819,000 21,875,000 18,038,000
Depreciation, depletion and amortization 2,801,000 1,909,000 5,904,000 3,462,000
Impairment of proved crude oil and natural gas properties 0   30,625,000  
General and administrative expense 3,019,000 2,728,000 3,773,000 7,167,000
Bad debt (recovery) expense and other 179,000 5,000 989,000 (24,000)
Total operating costs and expenses 18,125,000 14,461,000 63,166,000 28,643,000
Other operating expense, net (815,000) (4,399,000) (846,000) (4,436,000)
Operating income (loss) (966,000) 6,370,000 (27,649,000) 11,916,000
Other income (expense):        
Derivative instruments gain (loss), net (756,000) 1,911,000 6,583,000 (1,000)
Interest income, net 11,000 201,000 127,000 388,000
Other, net 47,000 (145,000) 16,000 (383,000)
Total other income (expense), net (698,000) 1,967,000 6,726,000 4,000
Income (loss) from continuing operations before income taxes (1,664,000) 8,337,000 (20,923,000) 11,920,000
Income taxes expense (benefit) (2,249,000) 9,208,000 31,229,000 11,961,000
Income (loss) from continuing operations 585,000 (871,000) (52,152,000) (41,000)
Income (loss) from discontinued operations, net of tax 11,000 (162,000) (52,000) 5,509,000
Net income (loss) $ 596,000 $ (1,033,000) $ (52,204,000) $ 5,468,000
Basic net income (loss) per share:        
Income (loss) from continuing operations $ 0.01 $ (0.01) $ (0.90) $ 0.00
Income (loss) from discontinued operations, net of tax 0.00 0.00 0.00 0.09
Net income (loss) per share $ 0.01 $ (0.01) $ (0.90) $ 0.09
Basic weighted average shares outstanding 57,456 59,801 57,716 59,716
Diluted net income (loss) per share:        
Income (loss) from continuing operations $ 0.01 $ (0.01) $ (0.90) $ 0.00
Income (loss) from discontinued operations, net of tax 0.00 0.00 0.00 0.09
Net income (loss) per share $ 0.01 $ (0.01) $ (0.90) $ 0.09
Diluted weighted average shares outstanding 57,594 59,801 57,716 59,716

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