Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

v3.20.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Income Statement [Abstract]    
Natural gas sales $ 8,217 $ 4,959
Operating costs and expenses:    
Cost of sales 2,879 1,112
Development expenses 11,183 11,875
Depreciation, depletion and amortization 5,832 2,531
General and administrative expenses 17,239 22,053
Severance and reorganization charges 5,505 0
Total operating costs and expenses 42,638 37,571
Loss from operations (34,421) (32,612)
Interest expense, net (6,396) (587)
Other income (expense), net 83 (927)
Loss before income taxes (40,734) (34,126)
Income tax benefit 0 0
Net loss $ (40,734) $ (34,126)
Net loss per common share    
Basic and diluted (in dollars per share) [1] $ (0.18) $ (0.16)
Weighted-average shares outstanding:    
Basic and diluted (in shares) 221,133 217,838
[1] The numerator for both basic and diluted loss per share is net loss. The denominator for both basic and diluted loss per share is the weighted-average shares outstanding during the period.