Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

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CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
 3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenues:    
Net gain (loss) on natural gas, oil and NGL derivatives $ 98,266,000 $ (20,045,000)
Total revenues 246,877,000 320,578,000
Costs and expenses:    
Lease operating expenses 15,986,000 19,807,000
Production taxes 4,799,000 7,921,000
Midstream gathering and processing expenses 57,896,000 70,282,000
Depreciation, depletion and amortization 78,028,000 118,433,000
Impairment of oil and natural gas properties 553,345,000 0
General and administrative expenses 16,169,000 10,057,000
Accretion expense 741,000 1,067,000
Total costs and expenses 726,964,000 227,567,000
(LOSS) INCOME FROM OPERATIONS (480,087,000) 93,011,000
OTHER EXPENSE (INCOME):    
Interest expense 32,990,000 35,621,000
Interest income (152,000) (152,000)
Gain on debt extinguishment (15,322,000) 0
Loss (income) from equity method investments, net 10,789,000 (4,273,000)
Other expense (income) 1,856,000 (427,000)
Total other (income) expense 30,161,000 30,769,000
LOSS BEFORE INCOME TAXES (510,248,000) 62,242,000
INCOME TAX EXPENSE 7,290,000 0
NET LOSS $ (517,538,000) $ 62,242,000
NET (LOSS) INCOME PER COMMON SHARE:    
Basic (in usd per share) $ (3.24) $ 0.38
Diluted (in usd per share) $ (3.24) $ 0.38
Weighted average common shares outstanding - Basic (in shares) 159,760,222 162,823,997
Weighted average common shares outstanding - Diluted (in shares) 159,760,222 163,099,409
Natural gas sales    
Revenues:    
Revenue from contract with customer $ 108,547,000 $ 276,016,000
Oil and condensate sales    
Revenues:    
Revenue from contract with customer 23,151,000 32,482,000
Natural gas liquid sales    
Revenues:    
Revenue from contract with customer $ 16,913,000 $ 32,125,000