Annual report pursuant to Section 13 and 15(d)

Consolidated Statements Of Operations

v3.20.4
Consolidated Statements Of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenues:      
Crude oil and natural gas sales $ 67,176 $ 84,521 $ 104,943
Operating costs and expenses:      
Production expense 37,315 37,689 40,415
Exploration expense 3,588   14
Depreciation, depletion and amortization 9,382 7,083 5,596
Impairment of proved crude oil and natural gas properties 30,625    
Gain on revision of asset retirement obligations   (379) (3,325)
General and administrative expense 10,695 14,855 11,398
Bad debt (recovery) expense and other 1,165 (341) (77)
Total operating costs and expenses 92,770 58,907 54,021
Other operating income (expense), net (1,669) (4,421) 365
Operating income (loss) (27,263) 21,193 51,287
Other income (expense):      
Derivative instruments gain (loss), net 6,577 (446) 4,264
Interest income (expense), net 155 733 (145)
Other, net 129 (438) 68
Interest income (expense), net 6,861 (151) 4,187
Income (loss) from continuing operations before income taxes (20,402) 21,042 55,474
Income tax expense (benefit) 27,681 23,890 (43,254)
Income (loss) from continuing operations (48,083) (2,848) 98,728
Income (loss) from discontinued operations, net of tax (98) 5,411 (496)
Net income (loss) $ (48,181) $ 2,563 $ 98,232
Basic net income (loss) per share:      
Income (loss) from continuing operations $ (0.83) $ (0.05) $ 1.65
Income (loss) from discontinued operations, net of tax 0.00 0.09 (0.01)
Net income (loss) per share $ (0.83) $ 0.04 $ 1.64
Basic weighted average shares outstanding 57,594 59,143 59,248
Diluted net income (loss) per share:      
Income (loss) from continuing operations $ (0.83) $ (0.05) $ 1.63
Income (loss) from discontinued operations, net of tax 0.00 0.09 (0.01)
Net income (loss) per share $ (0.83) $ 0.04 $ 1.62
Diluted weighted average shares outstanding 57,594 59,143 59,997