| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 |
|---|---|---|---|---|---|---|
REVENUES | ||||||
Revenues | ||||||
634,441 | 515,145 | 383,659 | 235,034 | - | - | - |
Natural gas, oil and natural gas liquids sales | ||||||
- | - | - | - | 234,601 | 137,816 | 12,935 |
Brokered natural gas and marketing revenue | ||||||
- | - | - | - | 20,720 | - | - |
Total revenues | ||||||
- | - | - | - | 255,321 | 137,816 | 12,935 |
OPERATING EXPENSES | ||||||
Lease operating | ||||||
43,359 | 28,289 | 20,525 | 9,023 | - | - | - |
Transportation, gathering and compression | ||||||
208,826 | 138,766 | 124,839 | - | - | - | - |
Production and ad valorem taxes | ||||||
12,141 | 10,141 | 8,490 | 7,927 | - | - | - |
Brokered natural gas and marketing expense | ||||||
42,700 | 16,886 | 3,191 | 12,268 | - | - | - |
Depreciation, depletion, amortization and accretion | ||||||
156,003 | 134,940 | 119,362 | - | - | - | - |
Lease operating | ||||||
- | - | - | - | 13,904 | 8,518 | 2,576 |
Transportation, gathering and compression | ||||||
- | - | - | - | 85,846 | 18,114 | 67 |
Production and ad valorem taxes | ||||||
- | - | - | - | 3,722 | 7,084 | - |
Production and ad valorem taxes | ||||||
- | - | - | - | - | - | 77 |
Brokered natural gas and marketing expense | ||||||
- | - | - | - | 26,173 | - | - |
Depreciation, depletion and amortization | ||||||
- | - | - | 92,948 | 244,750 | 89,218 | 6,163 |
Exploration | ||||||
58,917 | 49,563 | 50,208 | 52,775 | 116,211 | 21,186 | 3,022 |
General and administrative | ||||||
70,941 | 44,389 | 44,553 | 39,431 | 46,409 | 42,109 | 21,276 |
Rig termination and standby | ||||||
1,081 | - | 1 | 3,846 | 9,672 | 3,283 | - |
Loss on sale of assets | ||||||
476 | 1,815 | 179 | - | - | - | - |
Impairment of proved oil and gas properties | ||||||
- | - | - | 17,665 | 691,334 | 34,855 | 2,081 |
Accretion of asset retirement obligations | ||||||
- | - | - | 391 | 1,623 | 791 | 364 |
(Gain) loss on sale of assets | ||||||
- | - | - | -6,936 | 4,737 | 960 | - |
Other expense | ||||||
60 | - | - | - | - | - | - |
Total operating expenses | ||||||
593,552 | 421,159 | 370,990 | - | - | - | - |
Gain on reduction of pension obligations | ||||||
- | - | - | - | - | 2,208 | 0 |
Total operating expenses | ||||||
- | - | - | 352,436 | 1,234,907 | 221,990 | 35,626 |
OPERATING INCOME (LOSS) | ||||||
40,889 | 93,986 | 12,669 | -117,402 | -979,586 | -84,174 | -22,691 |
OTHER INCOME (EXPENSE) | ||||||
Gain (loss) on derivative instruments | ||||||
48,596 | -21,169 | 45,365 | -52,338 | 56,021 | 20,791 | - |
Interest expense, net | ||||||
-59,055 | -53,990 | -49,490 | -50,789 | -53,400 | -48,347 | -20,850 |
Gain (loss) on early extinguishment of debt | ||||||
- | - | - | 14,489 | -59,392 | - | - |
Other income | ||||||
16 | -1 | -19 | -149 | 400 | 353 | - |
Total other income (expense), net | ||||||
-10,443 | -75,160 | -4,144 | -88,787 | -56,371 | -27,203 | -20,850 |
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES | ||||||
30,446 | 18,826 | 8,525 | -206,189 | -1,035,957 | -111,377 | -43,541 |
Income tax benefit (expense) | ||||||
- | - | - | 546 | -74,166 | 71,799 | - |
INCOME (LOSS) FROM CONTINUING OPERATIONS | ||||||
30,446 | 18,826 | 8,525 | - | - | - | - |
Loss from discontinued operations, net of income tax | ||||||
1,316 | - | - | - | - | - | - |
NET INCOME (LOSS) | ||||||
31,762 | 18,826 | 8,525 | -206,735 | -961,791 | -183,176 | -43,541 |
EARNINGS (LOSS) PER SHARE OF COMMON STOCK | ||||||
Basic: | ||||||
Basic and diluted | ||||||
- | - | - | - | - | -1.27 | -0.58 |
Weighted average common stock outstanding | ||||||
33,211 | 19,999 | 17,479 | 16,096 | 217,897 | - | - |
Income (loss) from continuing operations | ||||||
0.92 | 0.94 | 0.49 | - | - | - | - |
Loss from discontinued operations | ||||||
0.04 | - | - | - | - | - | - |
Net income (loss) | ||||||
0.96 | 0.94 | 0.49 | -12.84 | -4.41 | - | - |
Diluted: | ||||||
Weighted average common stock outstanding | ||||||
33,324 | 20,087 | 17,679 | 16,096 | 217,897 | - | - |
Income (loss) from continuing operations | ||||||
0.91 | 0.94 | 0.48 | - | - | - | - |
Loss from discontinued operations | ||||||
0.04 | - | - | - | - | - | - |
Net income (loss) | ||||||
0.95 | 0.94 | 0.48 | -12.84 | -4.41 | - | - |
Basic and diluted | ||||||
- | - | - | - | - | 144,369 | 75,261 |
Oil and Gas [Member] | ||||||
Revenues | ||||||
591,699 | 498,593 | 380,178 | 223,015 | - | - | - |
Brokered Natural Gas and Marketing Revenue [Member] | ||||||
Revenues | ||||||
42,274 | 16,552 | 3,481 | 12,019 | - | - | - |
Other Revenue [Member] | ||||||
Revenues | ||||||
468 | - | - | - | - | - | - |
Natural Gas, Gathering, Transportation, Marketing and Processing [Member] | ||||||
Transportation, gathering and compression | ||||||
- | - | - | 109,226 | - | - | - |