Quarterly report pursuant to Section 13 or 15(d)

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)

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BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)
9 Months Ended
Sep. 30, 2019
Accounting Policies [Abstract]  
Reconciliation of denominators used to calculate basic and diluted EPS
The reconciliation of the denominators used to calculate basic EPS and diluted EPS for the three and nine months ended September 30, 2019 and 2018 are as follows:

  Three Months Ended
September 30,
Nine Months Ended
September 30,
(In thousands, except share and per share data) 2019 2018 2019 2018
Net Income (Loss) $ 94,381    $ 18,979    $ 31,619    $ (74,603)  
Weighted Average Common Shares Outstanding:
Weighted Average Common Shares Outstanding – Basic 396,044,887    300,517,497    382,044,068    188,152,998   
Plus: Potentially Dilutive Common Shares Including Stock Options and Restricted Stock 485,880    1,237,922    700,236    —   
Weighted Average Common Shares Outstanding – Diluted 396,530,767    301,755,419    382,744,304    188,152,998   
Net Income (Loss) per Common Share:
Basic $ 0.24    $ 0.06    $ 0.08    $ (0.40)  
Diluted $ 0.24    $ 0.06    $ 0.08    $ (0.40)  
Shares underlying Restricted Stock Awards and Stock Options Excluded from EPS Due to Anti-Dilutive Effect 88,209 —    40,330 617,429
Supplemental cash flow activity
The following reflects the Company’s supplemental cash flow information:

Nine Months Ended September 30,
(In thousands) 2019 2018
Supplemental Cash Items:
Cash Paid During the Period for Interest $ 52,916    $ 55,849   
Non-cash Operating Activities:
Contingent Consideration Settlements in excess of acquisition-date liabilities 18,480    —   
Non-cash Investing Activities:
Oil and Natural Gas Properties Included in Accounts Payable and Accrued Liabilities 178,772    108,216   
Capitalized Asset Retirement Obligations 3,703    1,644   
Compensation Capitalized on Oil and Gas Properties 296    250   
Issuance of Common Stock - Acquisitions of Oil and Natural Gas Properties 11,708    105,517   
Issuance of VEN Bakken Note 128,660    —   
Non-cash Financing Activities:
Exchange transactions - non-cash securities issued:
Issuance of 8.50% Second Lien Notes due 2023
—    344,279   
Issuance of Common Stock - fair value at issuance date —    326,783   
Debt Exchange Derivative Liability - fair value at issuance date —    19,354   
Issuance of 8.50% Second Lien Notes due 2023 - PIK Interest
3,480    —   
Debt Exchange Derivative Liability Settlements 15,735    —   
Contingent Consideration Settlements 17,822    —   
Exchange Transactions - non-cash securities exchanged:
8.00% Unsecured Senior Notes due 2020 - carrying value
—    (590,041)