| Dec'19 | Dec'18 | Dec'17 | ||||
|---|---|---|---|---|---|---|
Operating revenues | ||||||
Oil and gas sales | ||||||
944,330 | 891,045 | 429,902 | ||||
Operating expenses | ||||||
Lease operating expenses | ||||||
145,976 | 83,313 | 41,336 | ||||
Severance and ad valorem taxes | ||||||
63,200 | 56,523 | 23,173 | ||||
Gathering, processing and transportation expenses | ||||||
72,834 | 57,624 | 34,259 | ||||
Depreciation, depletion and amortization | ||||||
444,243 | 326,462 | 161,628 | ||||
Impairment and abandonment expense | ||||||
47,245 | 11,136 | -29 | ||||
Exploration expense | ||||||
11,390 | 9,968 | 14,373 | ||||
General and administrative expenses | ||||||
79,156 | 63,304 | 49,882 | ||||
Total operating expenses | ||||||
864,044 | 608,330 | 324,622 | ||||
Gain (Loss) on Disposition of Property Plant Equipment | ||||||
-857 | 475 | 8,796 | ||||
Income (loss) from operations | ||||||
79,429 | 283,190 | 114,076 | ||||
Interest expense | ||||||
55,991 | 26,358 | 5,729 | ||||
Net gain (loss) on derivative instruments | ||||||
-1,561 | 15,336 | 5,138 | ||||
Other income (expense) | ||||||
334 | 8 | 0 | ||||
Total other income (expense) | ||||||
-57,218 | -11,014 | -591 | ||||
Income (loss) before income taxes | ||||||
22,211 | 272,176 | 113,485 | ||||
Income tax benefit | ||||||
5,797 | 59,440 | 29,930 | ||||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ||||||
16,414 | 212,736 | 83,555 | ||||
Less: Net (income) loss attributable to noncontrolling interest | ||||||
616 | 12,837 | 7,987 | ||||
Net income (loss) attributable to Class A Common Stock | ||||||
15,798 | 199,899 | 75,568 | ||||
Income (loss) per share of Class A Common Stock: | ||||||
Basic (USD per share) | ||||||
0.06 | 0.76 | 0.32 | ||||
Diluted (USD per share) | ||||||
0.06 | 0.75 | 0.32 | ||||