v3.25.2
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues:        
Total revenues $ 122,367 $ 142,757 $ 252,234 $ 283,544
Operating expenses:        
Lease operating expenses 76,924 73,987 147,936 144,817
Gathering, transportation and production taxes 5,499 8,578 11,158 16,118
Depreciation, depletion, and amortization 26,446 36,674 59,337 70,611
Asset retirement obligations accretion 8,681 8,400 17,073 16,369
General and administrative expenses 17,670 21,354 37,827 41,869
Total operating expenses 135,220 148,993 273,331 289,784
Operating loss (12,853) (6,236) (21,097) (6,240)
Interest expense, net 9,005 10,164 18,497 20,236
Loss on extinguishment of debt     15,015  
Derivative gain, net (12,047) 2,374 (9,290) (2,503)
Other expense, net 13,455 1,250 13,139 6,480
Loss before income taxes (23,266) (20,024) (58,458) (30,453)
Income tax benefit (2,382) (4,636) (6,997) (3,591)
Net loss $ (20,884) $ (15,388) $ (51,461) $ (26,862)
Net loss per common share        
Net loss per common share - Basic (in dollars per share) $ (0.14) $ (0.1) $ (0.35) $ (0.18)
Net loss per common share - Diluted (in dollars per share) $ (0.14) $ (0.1) $ (0.35) $ (0.18)
Weighted average common shares outstanding        
Weighted average common shares outstanding - basic (in shares) 147,847 146,943 147,723 146,900
Weighted average common shares outstanding - diluted (in shares) 147,847 146,943 147,723 146,900
Oil        
Revenues:        
Total revenues $ 80,014 $ 110,965 $ 167,730 $ 217,980
NGLs        
Revenues:        
Total revenues 4,715 8,160 9,487 15,629
Natural gas        
Revenues:        
Total revenues 34,802 21,910 69,911 43,526
Other        
Revenues:        
Total revenues $ 2,836 $ 1,722 $ 5,106 $ 6,409