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, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues:        
Oil and natural gas sales $ 25,266 $ 18,178 $ 77,337 $ 59,869
Operating costs and expenses:        
Production expense 7,481 10,336 31,258 28,148
Exploration expense   4 12 4
Depreciation, depletion and amortization 1,130 1,700 3,289 5,539
Gain on revision of asset retirement obligations (3,325)   (3,325)  
General and administrative expense 2,811 2,463 10,422 8,654
Bad debt expense (recovery) and other (157) (49) (68) 232
Total operating costs and expenses 7,940 14,454 41,588 42,577
Other operating income (loss), net (6) (3) 332 164
Operating income 17,320 3,721 36,081 17,456
Other income (expense):        
Interest income (expense), net 111 (327) (273) (1,108)
Other, net (1,029) (793) (2,184) (571)
Total other expense, net (918) (1,120) (2,457) (1,679)
Income from continuing operations before income taxes 16,402 2,601 33,624 15,777
Income tax expense (benefit) (62,224) 2,749 (54,600) 9,039
Income (loss) from continuing operations 78,626 (148) 88,224 6,738
Loss from discontinued operations (21) (174) (416) (518)
Net income (loss) $ 78,605 $ (322) $ 87,808 $ 6,220
Basic net income (loss) per share:        
Income from continuing operations $ 1.31 $ 0.00 $ 1.48 $ 0.11
Loss from discontinued operations 0.00 (0.01) (0.01) (0.01)
Net income (loss) per share $ 1.31 $ (0.01) $ 1.47 $ 0.10
Basic weighted average shares outstanding 59,481 58,817 59,147 58,682
Diluted net income (loss) per share:        
Income from continuing operations $ 1.28 $ 0.00 $ 1.46 $ 0.11
Loss from discontinued operations 0.00 (0.01) (0.01) (0.01)
Net income (loss) per share $ 1.28 $ (0.01) $ 1.45 $ 0.10
Diluted weighted average shares outstanding 60,818 58,817 59,846 58,686