v3.20.2
Condensed Consolidated Statements Of Operations - USD ($)
shares in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues:        
Crude oil and natural gas sales $ 18,256,000 $ 17,603,000 $ 54,619,000 $ 62,598,000
Operating costs and expenses:        
Production expense 8,984,000 9,836,000 30,859,000 27,874,000
Exploration expense 16,000   16,000  
Depreciation, depletion and amortization 2,212,000 1,509,000 8,116,000 4,971,000
Impairment of proved crude oil and natural gas properties 0   30,625,000  
General and administrative expense 2,178,000 4,738,000 5,951,000 11,905,000
Bad debt expense and other 151,000 54,000 1,140,000 30,000
Total operating costs and expenses 13,541,000 16,137,000 76,707,000 44,780,000
Other operating income (expense), net (37,000) 35,000 (883,000) (4,401,000)
Operating income (loss) 4,678,000 1,501,000 (22,971,000) 13,417,000
Other income (expense):        
Derivative instruments gain, net   2,267,000 6,583,000 2,266,000
Interest income, net 23,000 193,000 150,000 581,000
Other, net 147,000 (138,000) 163,000 (521,000)
Total other income, net 170,000 2,322,000 6,896,000 2,326,000
Income (loss) from continuing operations before income taxes 4,848,000 3,823,000 (16,075,000) 15,743,000
Income tax expense (benefit) (2,759,000) 7,681,000 28,470,000 19,642,000
Income (loss) from continuing operations 7,607,000 (3,858,000) (44,545,000) (3,899,000)
Income (loss) from discontinued operations, net of tax 11,000 (61,000) (41,000) 5,448,000
Net income (loss) $ 7,618,000 $ (3,919,000) $ (44,586,000) $ 1,549,000
Basic net income (loss) per share:        
Income (loss) from continuing operations $ 0.13 $ (0.07) $ (0.77) $ (0.07)
Income (loss) from discontinued operations, net of tax 0.00 0.00 0.00 0.09
Net income (loss) per share $ 0.13 $ (0.07) $ (0.77) $ 0.02
Basic weighted average shares outstanding 57,456 58,953 57,628 59,457
Diluted net income (loss) per share:        
Income (loss) from continuing operations $ 0.13 $ (0.07) $ (0.77) $ (0.07)
Income (loss) from discontinued operations, net of tax 0.00 0.00 0.00 0.09
Net income (loss) per share $ 0.13 $ (0.07) $ (0.77) $ 0.02
Diluted weighted average shares outstanding 57,741 58,953 57,628 59,457

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