Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements Of Operations

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Condensed Consolidated Statements Of Operations - USD ($)
shares in Thousands
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenues:    
Crude oil and natural gas sales $ 39,774,000 $ 18,389,000
Operating costs and expenses:    
Production expense 16,133,000 9,749,000
Exploration expense 142,000  
Depreciation, depletion and amortization 4,148,000 3,103,000
Impairment of proved crude oil and natural gas properties 0 30,625,000
General and administrative expense 4,547,000 754,000
Bad debt expense and other 101,000 810,000
Total operating costs and expenses 25,071,000 45,041,000
Other operating expense, net (360,000) (31,000)
Operating income (loss) 14,343,000 (26,683,000)
Other income (expense):    
Derivative instruments gain (loss), net (5,954,000) 7,339,000
Interest income, net 5,000 116,000
Other, net 4,580,000 (31,000)
Total other income (expense), net (1,369,000) 7,424,000
Income (loss) from continuing operations before income taxes 12,974,000 (19,259,000)
Income tax expense 3,086,000 33,478,000
Income (loss) from continuing operations 9,888,000 (52,737,000)
Loss from discontinued operations, net of tax (19,000) (63,000)
Net income (loss) $ 9,869,000 $ (52,800,000)
Basic net income (loss) per share:    
Income (loss) from continuing operations $ 0.17 $ (0.91)
Loss from discontinued operations, net of tax 0.00 0.00
Net income (loss) per share $ 0.17 $ (0.91)
Basic weighted average shares outstanding 57,636 57,975
Diluted net income (loss) per share:    
Income (loss) from continuing operations $ 0.17 $ (0.91)
Loss from discontinued operations, net of tax 0.00 0.00
Net income (loss) per share $ 0.17 $ (0.91)
Diluted weighted average shares outstanding 58,461 57,975