Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

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Consolidated Statements of Operations - USD ($)
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenues:      
Net gain (loss) on natural gas, oil, and NGL derivatives $ 208,360,000 $ (123,479,000) $ 213,679,000
Total revenues 1,346,008,000 1,355,044,000 1,320,303,000
Costs and expenses:      
Lease operating expenses 82,998,000 91,640,000 80,246,000
Production taxes 28,571,000 33,480,000 21,126,000
Depreciation, depletion and amortization 550,108,000 486,664,000 364,629,000
Impairment of oil and natural gas properties 2,039,770,000 0 0
General and administrative expenses 47,979,000 49,994,000 45,523,000
Restructuring costs 4,611,000 0 0
Accretion expense 3,939,000 4,119,000 1,611,000
Acquisition expense 0 0 2,392,000
Total costs and expenses 3,049,701,000 956,085,000 764,522,000
(LOSS) INCOME FROM OPERATIONS (1,703,693,000) 398,959,000 555,781,000
OTHER EXPENSE (INCOME):      
Interest expense 141,786,000 141,912,000 115,613,000
Interest income (801,000) (314,000) (1,009,000)
Gain on debt extinguishment (48,630,000) 0 0
Gain on sale of equity method investments 0 (124,768,000) (12,523,000)
Loss (income) from equity method investments, net 210,148,000 (49,904,000) 17,780,000
Other expense (income), net 3,725,000 1,542,000 (1,041,000)
Total Other (Income) Expense 306,228,000 (31,532,000) 118,820,000
(LOSS) INCOME BEFORE INCOME TAXES (2,009,921,000) 430,491,000 436,961,000
INCOME TAX (BENEFIT) EXPENSE (7,563,000) (69,000.0) 1,809,000
NET (LOSS) INCOME $ (2,002,358,000) $ 430,560,000 $ 435,152,000
NET (LOSS) INCOME PER COMMON SHARE:      
Basic (in dollars per share) $ (12.49) $ 2.46 $ 2.42
Diluted (in dollars per share) $ (12.49) $ 2.45 $ 2.41
Weighted average common shares outstanding - Basic (shares) 160,341,125 174,675,840 179,834,146
Weighted average common shares outstanding - Diluted (shares) 160,341,125 175,398,706 180,253,024
Natural gas sales      
Revenues:      
Revenue from contracts with customers $ 918,263,000 $ 1,121,815,000 $ 845,999,000
Oil and condensate sales      
Revenues:      
Revenue from contracts with customers 117,937,000 177,793,000 124,568,000
Natural gas liquid sales      
Revenues:      
Revenue from contracts with customers 101,448,000 178,915,000 136,057,000
Oil and Gas Service      
Costs and expenses:      
Midstream gathering and processing expenses $ 291,725,000 $ 290,188,000 $ 248,995,000