Annual report pursuant to Section 13 and 15(d)

Consolidated Statements Of Operations

v3.20.1
Consolidated Statements Of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenues:      
Crude oil and natural gas sales $ 84,521 $ 104,943 $ 77,025
Operating costs and expenses:      
Production expense 37,689 40,415 39,697
Exploration Expense   14 7
Depreciation, depletion and amortization 7,083 5,596 6,457
Gain on revision of asset retirement obligations (379) (3,325)  
General and administrative expense 14,855 11,398 10,377
Bad debt (recovery) expense and other (341) (77) 452
Total operating costs and expenses 58,907 54,021 56,990
Other operating income (expense), net (4,421) 365 (84)
Operating income 21,193 51,287 19,951
Other income (expense):      
Derivative instruments gain (loss), net (446) 4,264 (1,032)
Interest income (expense), net 733 (145) (1,414)
Other, net (438) 68 3,145
Total other income (expense), net (151) 4,187 699
Income from continuing operations before income taxes 21,042 55,474 20,650
Income tax expense (benefit) 23,890 (43,254) 10,378
Income (loss) from continuing operations (2,848) 98,728 10,272
Income (loss) from discontinued operations, net of tax 5,411 (496) (621)
Net income $ 2,563 $ 98,232 $ 9,651
Basic net income (loss) per share:      
Income (loss) from continuing operations $ (0.05) $ 1.65 $ 0.17
Income (loss) from discontinued operations, net of tax 0.09 (0.01) (0.01)
Net income per share $ 0.04 $ 1.64 $ 0.16
Basic weighted average shares outstanding 59,143 59,248 58,717
Diluted net income (loss) per share:      
Income (loss) from continuing operations $ (0.05) $ 1.63 $ 0.17
Income (loss) from discontinued operations, net of tax 0.09 (0.01) (0.01)
Net income per share $ 0.04 $ 1.62 $ 0.16
Diluted weighted average shares outstanding 59,143 59,997 58,720