v3.22.1
Condensed Consolidated Statements Of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenues:    
Crude oil and natural gas sales $ 68,656 $ 39,774
Operating costs and expenses:    
Production expense 18,360 16,133
Exploration expense 127 142
Depreciation, depletion and amortization 4,673 4,148
General and administrative expense 4,994 4,547
Bad debt expense and other 492 101
Total operating costs and expenses 28,646 25,071
Other operating expense, net (5) (360)
Operating income 40,005 14,343
Other income (expense):    
Derivative instruments loss, net (31,758) (5,954)
Interest (expense) income, net (3) 5
Other (expense) income, net (696) 4,580
Total other expense, net (32,457) (1,369)
Income from continuing operations before income taxes 7,548 12,974
Income tax (benefit) expense (4,628) 3,086
Income from continuing operations 12,176 9,888
Income loss from discontinued operations, net of tax (12) (19)
Net income $ 12,164 $ 9,869
Basic net income per share:    
Income from continuing operations $ 0.21 $ 0.17
Net income per share $ 0.21 $ 0.17
Basic weighted average shares outstanding 58,702 57,636
Diluted net income per share:    
Income from continuing operations $ 0.20 $ 0.17
Net income per share $ 0.20 $ 0.17
Diluted weighted average shares outstanding 59,179 58,461

Source