v3.19.2
Condensed Consolidated Statements Of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues:        
Oil and natural gas sales $ 25,230 $ 24,426 $ 44,995 $ 52,071
Operating costs and expenses:        
Production expense 9,819 12,817 18,038 23,777
Exploration Expense   12   12
Depreciation, depletion and amortization 1,909 1,035 3,462 2,159
General and administrative expense 2,728 5,008 7,167 7,611
Bad debt (recovery) expense 5 145 (24) 89
Total operating costs and expenses 14,461 19,017 28,643 33,648
Other operating income (expense), net (4,399) 314 (4,436) 338
Operating income 6,370 5,723 11,916 18,761
Other income (expense):        
Derivative instrument gain (loss), net 1,911 (1,010) (1) (1,010)
Interest income (expense), net 201 (30) 388 (384)
Other, net (145) (214) (383) (145)
Total other income (expense), net 1,967 (1,254) 4 (1,539)
Income from continuing operations before income taxes 8,337 4,469 11,920 17,222
Income tax expense 9,208 3,582 11,961 7,624
Income (loss) from continuing operations (871) 887 (41) 9,598
Income (loss) from discontinued operations, net of tax (162) (343) 5,509 (395)
Net income (loss) $ (1,033) $ 544 $ 5,468 $ 9,203
Basic net income (loss) per share:        
Income (loss) from continuing operations $ (0.01) $ 0.02 $ 0.00 $ 0.16
Income (loss) from discontinued operations, net of tax 0.00 (0.01) 0.09 (0.01)
Net income (loss) per share $ (0.01) $ 0.01 $ 0.09 $ 0.15
Basic weighted average shares outstanding 59,801 59,090 59,716 58,977
Diluted net income (loss) per share:        
Income (loss) from continuing operations $ (0.01) $ 0.02 $ 0.00 $ 0.16
Income (loss) from discontinued operations, net of tax 0.00 (0.01) 0.09 (0.01)
Net income (loss) per share $ (0.01) $ 0.01 $ 0.09 $ 0.15
Diluted weighted average shares outstanding 59,801 59,851 59,716 59,358

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