v3.19.1
CONDENSED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
REVENUES    
Gain (Loss) on Derivative Instruments, Net $ (139,623) $ (20,271)
Total Revenues (6,934) 66,613
OPERATING EXPENSES    
Production Expenses 24,666 12,488
Production Taxes 12,520 7,922
General and Administrative Expense 6,051 1,667
Depletion, Depreciation, Amortization and Accretion 45,134 18,631
Total Operating Expenses 88,371 40,708
INCOME (LOSS) FROM OPERATIONS (95,305) 25,905
OTHER INCOME (EXPENSE)    
Interest Expense, Net of Capitalization (19,548) (23,107)
Debt Exchange Derivative Gain 6,287 0
Contingent Consideration Gain 1,392 0
Other Income 12 167
Total Other Income (Expense) (11,857) (22,940)
INCOME (LOSS) BEFORE INCOME TAXES (107,162) 2,965
INCOME TAX PROVISION (BENEFIT) 0 0
NET INCOME (LOSS) $ (107,162) $ 2,965
Net Income (Loss) Per Common Share - Basic (in dollars per share) $ (0.29) $ 0.05
Net Income (Loss) Per Common Share - Diluted (in dollars per share) $ (0.29) $ 0.05
Weighted Average Shares Outstanding - Basic (in shares) 371,448,566 65,215,148
Weighted Average Shares Outstanding - Diluted (in shares) 371,448,566 65,382,772
Oil and Gas Sales    
REVENUES    
Revenue $ 132,684 $ 86,881
Other Revenue    
REVENUES    
Revenue $ 5 $ 3

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