7Baggers

Northern Oil and Gas Quarterly Income Statements Chart

Quarterly
 | 
Annual
 
 Operating Profit  
 Net Income  
20200930 20201231 20210331 20210630 20210930 20211231 20220331 20220630 20220930 20221231 20230331 20230630 20230930 20231231 20240331 20240630 20240930 20241231 20250331 20250630 -233-113.346.32125.98245.65365.31484.97604.64Milllion

Northern Oil and Gas Quarterly Income Statements Table

Quarterly
 | 
Annual
 
Unit: USD2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 2017-06-30 2017-03-31 2016-12-31 2016-09-30 2016-06-30 2016-03-31 2015-12-31 2015-09-30 2015-06-30 2015-03-31 2014-12-31 2014-09-30 2014-06-30 2014-03-31 2013-12-31 2013-09-30 2013-06-30 2013-03-31 2012-12-31 2012-09-30 2012-06-30 2012-03-31 2011-12-31 2011-09-30 2011-06-30 2011-03-31 2010-12-31 2010-09-30 2010-06-30 2010-03-31 2009-12-31 2009-09-30 2009-06-30 2009-03-31 2008-09-30 2008-08-08 2008-06-30 2008-03-31 2007-12-31 
                                                                         
  revenues                                                                       
  oil and gas sales574,369,000 576,952,000 545,472,000 513,541,000 561,025,000 532,041,000 543,403,000 511,651,000 416,491,000 426,234,000 445,647,000 534,050,000 549,643,000 456,458,000 160,679,250 259,669,000 225,717,000 157,331,000 99,511,000 73,680,000 20,664,000 130,196,000 160,699,000 157,989,000 149,847,000 132,684,000     72,476,191 54,257,591 48,381,006 48,848,222 47,076,501 41,719,194 42,527,847 28,367,341 39,340,256 49,779,903 63,064,333 50,454,148 94,455,390 119,191,594 121,155,047 96,802,970 99,160,106 107,232,064 79,623,169 83,171,661 80,369,288 80,690,301 70,439,015 65,139,396 53,235,604 43,680,619 35,481,664 27,041,621 -32,032,246 15,541,520 2,418,496 8,368,847 10,024,852 5,146,972 2,418,496 640,734 1,362,655 764,528 764,528 285,729  
  gain on commodity derivatives128,819,000 21,761,000 -34,224,000 238,150,000 -3,428,000 -138,531,000 247,372,000 -199,548,000 57,769,000 153,656,000 -75,267,000 257,590,000  -489,388,000 -116,252,500 -128,163,000 -200,912,000 -135,935,000 69,395,500 -26,361,000 -72,638,000 376,581,000                                                  
  other revenues3,621,000 3,385,000 1,988,250 1,947,000 3,169,000 2,838,000 1,622,000 1,870,000 2,294,000 2,324,000                                                              
  total revenues706,809,000 602,098,000 514,977,000 753,638,000 560,766,000 396,348,000 793,517,000 313,973,000 476,554,000 582,214,000 370,379,000 791,640,000 441,446,000 -32,930,000 319,190,000 131,507,000 24,805,000 21,397,000 50,075,000 47,322,000 -51,971,000 506,785,000 59,013,000 233,883,000 186,440,000 -6,934,000 443,195,914 102,269,220 66,845,899 66,613,463 37,002,277 41,598,659 64,901,882 65,816,847 35,943,627 45,109,408 32,014,226 31,836,236 56,913,028 101,156,552 40,863,194 76,124,638 257,522,192 180,777,489 74,602,013 82,125,307 101,928,914 69,784,200 96,161,803  81,746,794 60,095,613 119,207,601  30,600,721.25 69,050,038 50,826,098               
  operating expenses                                                                       
  production expenses121,430,000 114,040,000 116,583,000 106,902,000 100,859,000 105,447,000 102,062,000 82,506,000 84,350,000 78,088,000 73,017,000 68,478,000 64,642,000 54,540,000 50,571,000 43,236,000 42,699,000 34,312,000 28,204,000 24,159,000 26,638,000 37,335,000 35,753,000 32,347,000 26,132,000 24,666,000 21,447,799 18,160,937 14,548,922 12,488,422 13,315,459 12,605,513 12,137,540 11,674,348 11,718,227 10,920,651 11,081,973 11,959,260 11,776,670 12,567,423 13,564,801 14,199,090 16,267,992 14,717,257 13,033,322 11,677,429 11,348,752 11,471,867 10,397,171 8,641,210 9,841,763 8,734,636 7,292,253 6,513,348 4,500,872 3,910,859 2,615,546 2,016,356 -1,907,572 1,084,769 119,751 332,330 518,614 236,362 119,751 94,389 18,078 8,020 8,020 13,492  
  production taxes35,616,000 36,069,000 42,621,000 14,671,000 48,589,000 51,210,000 45,903,000 42,158,000 37,138,000 34,918,000 37,465,000 42,273,000 43,840,000 34,616,000 25,055,000 19,932,000 18,514,000 13,453,000 9,033,000 6,936,000 1,917,000 11,896,000 15,827,000 15,391,000 14,034,000 12,520,000 13,668,566 13,579,169 10,131,843 7,922,314 6,638,456 5,064,761 4,439,774 4,461,265 4,480,705 4,045,291 4,220,712 2,766,899 4,233,511 5,048,227 6,871,788 5,413,108 9,600,917 12,068,494 12,213,387 9,791,201 9,655,195 9,931,345 7,561,156 7,811,304 7,656,268 8,092,843 6,658,004 6,078,885 4,112,412 4,261,407 3,311,037 2,615,864 -3,071,569 1,604,608 189,400 645,866          
  general and administrative expenses15,628,000 14,481,000 15,527,000 10,005,000 13,538,000 11,393,000 9,553,000 11,846,000 12,402,000 13,000,000                 2,398,145.25 4,674,467 3,251,239 1,666,875 3,977,950.5 7,985,719 4,317,139 3,608,943                                      
  legal settlement expense33,091,000                                                                       
  depletion, depreciation, amortization and accretion205,741,000 205,690,000 204,674,000 185,657,000 176,612,000 173,958,000 151,188,000 133,791,000 106,427,000 94,618,000 77,316,000 65,975,000 54,796,000 53,185,000 42,815,000 35,885,000 30,908,000 31,221,000 32,770,000 30,786,000 36,756,000 61,809,000 63,410,000 55,566,000 46,091,000 45,134,000 48,294,929 30,258,089 22,596,028 18,630,629 17,631,875 15,357,685 13,682,452 12,828,143 13,523,186 13,698,020 16,176,863 17,846,089 24,140,489 31,670,479 36,745,805 45,213,039 48,924,598 45,646,232 42,212,250 36,100,921 38,927,575 32,103,607                        
  impairment of oil and gas assets115,576,000                                                                       
  other incomes3,561,000 2,537,000 2,937,000 2,463,000 2,232,000 2,019,000 767,000 1,234,000 1,446,000 1,001,000                                                              
  total operating expenses530,643,000 372,817,000 382,342,000 319,698,000 341,830,000 344,027,000 309,473,000 271,535,000 241,763,000 221,625,000 202,844,000 187,004,000 171,342,000 156,154,000 128,904,000 104,543,000 99,725,000 85,768,000 178,831,000 265,975,000 832,737,000 115,911,000 73,838,750 112,784,000 94,200,000 88,371,000 39,477,233.5 66,672,662 50,528,032 40,708,240 27,040,821 41,013,678                                        
  income from operations176,166,000 229,281,000 132,635,000 433,940,000 218,936,000 52,321,000 484,044,000 42,438,000 234,791,000 360,589,000 167,534,000 604,637,000 270,104,000 -189,084,000 190,286,000 26,964,000 -74,920,000 -64,371,000 -128,756,000 -218,653,000 -884,708,000 390,875,000 -62,525,000 121,100,000 92,239,000 -95,305,000 354,808,839 35,596,558 16,317,867 25,905,223 -3,659,512 584,981 30,324,977 33,244,148 2,485,838 -29,473,638 -92,932,518 -109,384,536 -156,199,167 -307,167,002 -302,539,733 -353,482,367 177,804,166 103,646,534 3,162,235 20,558,066 37,490,831 12,113,046 47,729,052 20,664,069 33,396,741 5,719,299 75,193,800 14,827,160 -110,618 45,971,022 33,722,408 -12,332,582 -13,236,673 1,724,336 837,639 2,624,578 1,803,304 2,325,657 666,167 -468,798 716,698 188,041 188,041 -283,546  
  yoy-19.54% 338.22% -72.60% 922.53% -6.75% -85.49% 188.92% -92.98% -13.07% -290.70% -11.96% 2142.39% -460.52% 193.74% -247.79% -112.33% -91.53% -116.47% 105.93% -280.56% -1059.15% -510.13% -117.62% 240.20% 465.26% -467.90% -9795.52% 5985.08% -46.19% -22.08% -247.21% -101.98% -132.63% -130.39% -101.59% -90.40% -69.28% -69.06% -187.85% -396.36% -9667.28% -1819.43% 374.26% 755.66% -93.37% -0.51% 12.26% 111.79% -36.53% 39.37% -30291.05% -87.56% 122.98% -220.23% -99.16% 2566.01% 3925.89% -569.89% -834.02% -25.86% 25.74% -659.85% 151.61% 1136.78% 254.27% 65.33%      
  qoq-23.17% 72.87% -69.43% 98.20% 318.45% -89.19% 1040.59% -81.93% -34.89% 115.23% -72.29% 123.85% -242.85% -199.37% 605.70% -135.99% 16.39% -50.01% -41.11% -75.29% -326.34% -725.15% -151.63% 31.29% -196.78% -126.86% 896.75% 118.14% -37.01% -807.89% -725.58% -98.07% -8.78% 1237.34% -108.43% -68.28% -15.04% -29.97% -49.15% 1.53% -14.41% -298.80% 71.55% 3177.64% -84.62% -45.17% 209.51% -74.62% 130.98% -38.13% 483.93% -92.39% 407.14% -13503.93% -100.24% 36.32% -373.44% -6.83% -867.64% 105.86% -68.08% 45.54% -22.46% 249.11% -242.10% -165.41% 281.14% 0.00% -166.32%   
  operating margin %                                                 30.43%    29.35%                  
  other income46,000 500,000 180,000 140,000 63,000 56,000 83,000 21,000 72,000 4,619,000 -1,000 -1,000 -185,000  -14,000 2,000 4,000 3,000 -26,000 13,000   70,000 75,000 -1,000 12,000 53,159 299,394 371,783 166,635 115,497 184 181 180 -23,239 183 181 6,971 -32,219 1,586 199 342 2,206 13,022 2,104 30,665 -15,968 -169,308 -267,788 64       -229,508 767,040 733,291 -117,110 -139,243 -87,948 -185,598 321,589 -139,243 -43,527 155,121 95,424 95,424 96,269  
  interest expense, net of capitalization-44,435,000 -43,850,000 -45,259,000 -36,837,000 -37,696,000 -37,925,000 -36,513,000 -37,040,000 -31,968,000 -30,143,000 -23,808,000 -20,135,000 -18,410,000 -17,977,000 -15,900,000 -14,586,000 -15,024,000 -13,510,000 -13,358,000 -14,637,000 -13,957,000 -16,551,000 -20,393,000 -21,510,000 -17,778,000 -19,548,000 -20,057,024 -20,438,025 -22,403,373 -23,106,761 -20,881,740 -16,672,632 -16,428,164 -16,303,805 -16,195,176 -16,145,440 -16,046,325 -16,098,682 -16,081,987 -16,154,160 -14,387,693 -11,736,547 -11,255,996 -10,624,246 -10,326,789 -9,898,968 -9,568,575 -9,212,834                        
  gain on unsettled interest rate derivatives1,000      -254,250   -1,017,000 443,000 -42,000 524,000 1,290,000 589,000 92,000 121,000 240,000 -301,250 224,000  -677,000                                                  
  total other income-44,388,000 -43,494,000 -44,796,000 -36,717,000 -37,633,000 -37,869,000 -36,430,000 -37,019,000 -27,965,000 -19,706,000 -22,493,000 -19,839,000 -17,835,000 -16,687,000 -15,325,000 -14,410,000 -15,643,000 -25,986,000 -13,367,000 -14,351,000 -14,492,000 -22,755,000 -45,411,000 -26,719,000 -47,840,000 -11,857,000 -136,571,576 -16,617,985 -112,864,565 -22,940,126 -21,759,193 -16,672,448 -16,523,118 -16,303,625 -16,218,415 -16,145,257 -16,046,144 -17,181,218 -16,114,206 -16,152,574 -14,387,494 -11,736,205 -11,253,790 -10,611,224 -10,324,685 -9,868,303 -9,584,543 -9,382,142 -8,087,379 -6,107,936 -5,720,981 -5,205,716 -2,727,404 -195,899 -160,170 -180,800                
  income before income taxes131,778,000 185,787,000 87,839,000 397,223,000 181,303,000 14,452,000 447,614,000 5,419,000 206,826,000 340,883,000 145,042,000 584,798,000 252,269,000 -205,771,000 174,961,000 12,554,000 -90,563,000 -90,357,000 -142,123,000 -233,004,000 -899,200,000 368,120,000 -107,937,000 94,381,000 44,399,000 -107,162,000 218,237,263 18,978,573 -96,546,698 2,965,097 -25,418,705 -16,087,467 13,801,859 16,940,523 -13,732,577 -45,618,895 -108,978,662 -126,565,754 -172,313,373 -323,319,576 -316,927,227 -365,218,572 166,550,376 93,035,310 -7,162,450 10,689,763 27,906,288 2,730,904 39,641,673 14,556,133 27,675,760 513,583 72,466,396 14,631,261 -270,788 45,790,222 33,492,900 -11,565,542 -12,503,382 1,607,226 698,396 2,536,630 1,617,706 2,647,246 526,924 -512,325 871,819 283,465 283,465 -187,277  
  income tax expense32,193,000 46,805,000   42,746,000 2,846,000                                                                  
  net income99,585,000 138,982,000 71,699,000 298,446,000 138,556,000 11,606,000 388,853,000 26,111,000 167,815,000 340,191,000 145,068,000 583,465,000 251,264,000 -206,560,000 174,728,000 12,554,000 -90,563,000 -90,357,000 -142,123,000 -233,004,000 -899,200,000 368,286,000 -107,937,000 94,381,000 44,399,000 -107,162,000 218,292,263 18,978,573 -96,546,698 2,965,097 -23,848,689 -16,087,467 13,801,859 16,940,523 -12,330,398 -45,618,895 -108,978,662 -126,565,754 -172,313,323 -323,242,032 -250,060,617 -229,738,572 103,583,376 57,985,310 -4,412,450 6,589,763 17,400,902 1,702,904 25,011,673 8,951,519 19,552,532 300,161 43,626,396 8,805,911 -1,380,788 28,617,222 20,432,900 -7,057,842 -6,243,382 987,226 418,396 1,559,630 1,210,706 1,588,246 315,924 -307,325 871,819 283,465 283,465 -187,277  
  yoy-28.13% 1097.50% -81.56% 1042.99% -17.44% -96.59% 168.05% -95.52% -33.21% -264.69% -16.97% 4547.64% -377.45% 128.60% -222.94% -105.39% -89.93% -124.53% 31.67% -346.88% -2125.27% -443.67% -149.45% 397.30% -145.99% -3714.11% -1015.32% -217.97% -799.52% -82.50% 93.41% -64.74% -112.66% -113.38% -92.84% -85.89% -56.42% -44.91% -266.35% -657.46% 5567.16% -3586.29% 495.28% 3305.08% -117.64% -26.38% -11.00% 467.33% -42.67% 1.65% -1516.04% -98.95% 113.51% -224.77% -77.88% 2798.75% 4783.63% -552.53% -615.68% -37.84% 32.44% -607.49% 38.87% 460.30% 11.45% 64.10%      
  qoq-28.35% 93.84% -75.98% 115.40% 1093.83% -97.02% 1389.23% -84.44% -50.67% 134.50% -75.14% 132.21% -221.64% -218.22% 1291.81% -113.86% 0.23% -36.42% -39.00% -74.09% -344.16% -441.20% -214.36% 112.57% -141.43% -149.09% 1050.20% -119.66% -3356.11% -112.43% 48.24% -216.56% -18.53% -237.39% -72.97% -58.14% -13.90% -26.55% -46.69% 29.27% 8.85% -321.79% 78.64% -1414.13% -166.96% -62.13% 921.84% -93.19% 179.41% -54.22% 6414.01% -99.31% 395.42% -737.75% -104.83% 40.05% -389.51% 13.05% -732.42% 135.95% -73.17% 28.82% -23.77% 402.73% -202.80% -135.25% 207.56% 0.00% -251.36%   
  net income margin %                                                 13.18%    17.43%                  
  net income attributable to common stockholders99,585,000      388,853,000 26,111,000 167,815,000 340,191,000 133,291,000 580,855,000 238,091,000 -224,533,000 -44,880,250 8,949,000 -94,282,000 -94,188,000                                                      
  net income per common share – basic1,020 1,410 730 3,000 1,380 120 4,080 280 1,890 4,010 1,600 7,390 3,080 -2,920 2,840 140     -2,170 900 -280 240 120 -290 1.01 0.06 -0.49 0.05 -0.39 -0.26 0.22 0.28 -0.2 -0.74 -1.78 -2.08 -2.83 -5.33 -4.12 -3.79 2,699.01 0.96 -0.07 0.11 849.43 0.03 0.4 0.14     0.17 0.46                
  net income per common share – diluted1,000 1,390 720 2,960 1,360 110 4,060 280 1,880 3,980 2,000 6,770 2,740 -2,920 2,840 130     -2,170 740 -280 240 120 -290 1.01 0.06 -0.49 0.05 -0.39 -0.26 0.22 0.27 -0.2 -0.74 -1.78 -2.08 -2.83 -5.33 -4.12 -3.79 2,689.01 0.95 -0.07 0.11 849.44 0.03 0.39 0.14     0.17 0.46                
  weighted-average common shares outstanding – basic98,060,407,000 98,559,724,000 99,852,539,000 99,494,313,000 100,266,462,000 100,442,472,000 91,483,687,000 92,768,035,000 88,800,994,000 84,915,729,000 78,557,216,000 78,589,661,000 77,366,704,000 76,922,543,000  65,856,479,000     415,356,043,000                                                   
  weighted-average common shares outstanding – diluted99,394,539,000 99,992,487,000 101,267,625,000 100,724,784,000 101,985,074,000 101,636,132,000 92,060,947,000 93,742,407,000 89,108,519,000 85,407,197,000 86,675,365,000 86,141,293,000 86,788,465,000 76,922,543,000  66,629,566,000     415,356,043,000                                                   
  loss on unsettled interest rate derivatives -144,000 -5,000 -20,000                 -752,000                                                   
  gain on extinguishment of debt      164,750   659,000 143,500 339,000 236,000  -3,271,750  -494,000  -929,500 1,592,000 217,000                                                   
  contingent consideration gain        3,931,000 6,176,000     -73,000 82,000          1,392,000                                              
  income tax benefit  36,092,250 98,777,000   4,753,000 -20,691,000  692,000 -27,000 1,333,000 1,006,000 789,000        -166,000                 -50 -77,544 -66,866,610    -2,750,000         5,825,350    -4,507,700    977,000    -205,000      
  cumulative preferred stock dividend          -1,366,000 -2,610,000 -2,810,000 -3,016,000 -3,607,000 -3,605,000 -3,719,000 -3,830,000 -4,280,000 -3,718,000 -3,788,000                                                   
  premium on repurchase of preferred stock          -10,411,000  -10,363,000 -14,957,000                                                          
  income tax provision        39,012,000                                 -135,480,000 62,967,000 35,050,000  4,100,000 10,505,386 1,028,000 14,630,000 5,604,614 8,719,693 213,422 28,840,000  1,110,000 17,173,000 13,060,000  1,357,500 620,000 280,000  264,750 1,059,000 211,000       
  general and administrative expense          8,038,750 10,278,000 8,064,000 13,813,000 4,969,500 5,490,000 7,604,000 6,782,000 3,546,250 4,605,000 4,710,000 4,871,000 3,876,500 4,206,000 5,250,000 6,051,000         3,735,671 2,098,293 4,586,275 4,337,402 5,817,992 4,614,771 4,256,436 4,352,806 4,924,519 4,698,972 3,980,819 3,997,690 4,506,561 4,164,335 3,915,298 3,988,806 4,076,304 9,467,711 4,419,607 4,681,378 3,510,897 4,073,988 2,749,418 3,290,589 -3,151,293 1,624,071 519,014 893,671 1,555,946 896,877 555,316 568,635 355,103 410,736 410,736 507,883  
  loss on commodity derivatives            -108,197,000                                                           
  contingent consideration loss                -250,000 -125,000     -879,000 -5,262,000 -24,763,000                                               
  loss on extinguishment of debt                 -12,594,000    -5,527,000                                                  
  other revenue              1,000 1,000  1,000 5,000 3,000 3,000 8,000 11,000 3,000 2,000 5,000 1,555 1,595 1,809 4,100 3,403 4,321 7,844 7,742 8,358 8,650 9,327 5,012 8,862 9,887 9,909 7,207 3,137 2,594 3,269  6,486 1,372 27,783 8,359 18,248 12,486 64,160 84,106 66,250 88,738 104,433 25,813 12,029 15,868  20,466          
  impairment expense                  104,463,000 199,489,000 762,716,000                                                   
  write-off of debt issuance costs                   -1,543,000             -95,135     -1,089,507                                  
  net income per common share – basic*                -1,550 -1,730 -3,020 -5,440                                                    
  net income per common share – diluted*                -1,550 -1,730 -3,020 -5,440                                                    
  weighted-average common shares outstanding – basic*                60,694,795,000 54,538,099,000  43,517,074,000                                                    
  weighted-average common shares outstanding – diluted*                60,694,795,000 54,538,099,000  43,517,074,000                                                    
  impairment of other current assets                      -1,571,000 5,275,000 2,694,000                                               
  debt exchange derivative gain/                      347,500 -23,000 -4,873,000                                               
  net income attributable to common shareholders                  -146,403,000 -236,722,000 -902,988,000                                                   
  debt exchange derivative gain                         6,287,000 3,265,713 13,062,852                                            
  weighted-average shares outstanding – basic              62,989,543,000       403,662,541,000 387,084,651,000 396,044,887,000 378,368,462,000 371,448,566,000 236,206,457 300,517,497 196,140,610 65,215,148 62,408,855 61,843,377 61,643,862 61,446,156 61,173,547 61,237,627 61,180,313 60,964,029 60,652,447 60,679,257 60,644,635 60,556,180 60,691,701,000 60,559,827 60,504,781 61,203,725 62,364,957,000 62,426,341 62,973,916 62,857,322 62,485,836,000    61,789,289 61,919,641 61,686,463 63,000,113 31,920,747 51,519,732 34,582,282 44,098,553 36,705,267 36,769,195 34,582,282 34,223,925 33,834,283 30,864,339 30,864,339 28,849,731  
  weighted-average shares outstanding – diluted              62,989,543,000       497,265,647,000 387,084,651,000 396,530,767,000 378,724,511,000 371,448,566,000 236,773,911 301,755,419 196,140,610 65,382,772 62,408,855 61,843,377 61,885,952 61,972,123 61,173,547 61,237,627 61,180,313 60,964,029 60,652,447 60,679,257 60,644,635 60,556,180 60,860,769,000 60,736,502 60,504,781 61,446,274 62,747,298,000 62,758,378 63,358,152 63,316,301 62,869,079,000     62,265,502                
  gain on derivative instruments                      -101,698,000 75,892,000 36,591,000 -139,623,000 290,628,481 -43,148,073 -42,202,788 -20,271,451 -35,477,317 -12,663,253 16,513,032 16,960,883 -11,141,232 3,381,564 -10,522,948 3,463,883 17,563,910 51,366,762 -22,211,048                               
  loss on the extinguishment of debt                      -22,762,000  -425,000  -73,054,861 -9,542,206 -90,832,975                                           
  oil, natural gas, and ngl sales                          85,335,847.5 145,415,698 109,046,878 86,880,814                                          
  impairment of oil and natural gas properties                                   43,820,791 88,880,921 104,311,122 249,203,928.25 354,422,654 281,964,097 360,428,962                              
  total expenses                                34,576,905 32,572,699 33,457,789 74,583,046 124,946,744 141,220,772 213,112,195 408,323,554 343,402,927 429,607,005 79,718,026 77,130,955 71,439,778 61,567,241 64,438,083 57,671,154 48,432,751 47,234,013 48,350,053 54,376,314 44,013,801 35,695,832 27,096,826 23,079,016 17,103,690 14,859,331 -15,778,556 8,159,485 1,437,445 4,596,936   1,608,917 1,127,066 645,957 576,487 576,487 570,575  
  gain on settled derivatives                                         39,994,650     -3,232,825 -8,096,075   4,338,186 1,701,296   -2,673,751.5 -1,824,719 -5,608,231  -124,061 776,010 -143,412 -176,983          
  losses on the mark-to-market of derivative instruments                                         -14,331,367    -7,859,683                          
  loss on settled derivatives                                          17,221,349 -7,017,599 -11,248,770 -6,817,980   -498,817 -371,283   -1,094,885 -5,335,597    -3,262,056              
  gain on the mark-to-market of derivative instruments                                          145,842,316 68,600,900                            
  comprehensive income                                          15,040,656 57,985,310 -4,412,450 6,589,763 8,916,524.5 1,702,904 25,011,673 8,951,519    8,868,220                  
  gains on the mark-to-market of derivative instruments                                            -35,307,533                           
  the accompanying notes are an integral part of these financial statements.                                                                       
  unrealized gain on derivative instruments                                              -6,813,536.75 -29,353,161 17,009,668  -2,978,928 -22,308,470 49,799,311                   
  other comprehensive income net of tax                                                                       
  reclassification of derivative instruments included in income                                                  15,577.25   62,309                  
  total other comprehensive income                                                  15,577.25   62,309                  
  depletion of oil and gas properties                                                26,435,050 26,668,171 17,945,473.5 27,952,585 25,519,809 18,309,500 14,852,963 10,749,384 8,349,600 6,863,479 -7,574,238 3,767,712 548,124 1,883,605 3,315,179 935,804 719,596 381,654      
  depreciation and amortization                                                92,867 94,275 105,774 104,830 102,307 97,089 83,932 75,597 70,295 68,313 -44,137 60,300 22,777 24,630 68,876 22,918 22,777 22,679      
  accretion of discount on asset retirement obligations                                                31,209 30,247 24,838 23,709 21,821 15,632 35,750 7,781 7,794 4,730 -29,747 18,025 2,077 3,537 6,776 1,306 2,077 1,394      
  interest expense                                                -7,819,591 -6,108,000 -5,744,775 -5,205,822 -2,728,104 -196,299 -160,295 -182,499                
  unrealized loss on derivative instruments                                                 -14,910,655                      
  total revenue                                                 67,898,082    50,522,992                  
  yoy                                                 34.39%                      
  qoq                                                                       
  comprehensive income, net of tax                                                                       
  interest income                                                  -206 106 700 400 125 1,699                
  gain on available for sale securities                                                                       
  other comprehensive income, net of tax                                                                       
  unrealized gains on marketable securities                                                                       
  loss on mark-to-market of derivative instruments                                                     -9,364,913                  
  unrealized losses on marketable securities                                                                       
  net income per common share - basic                                                     0.14   0.33 -0.11 -0.1 0.02 0.01 0.04          
  net income per common share - diluted                                                     0.14   0.33 -0.11 -0.11 0.02 0.01 0.04          
  weighted-average shares outstanding - basic                                                     62,239,237                  
  weighted-average shares outstanding - diluted                                                     62,670,156 62,195,340  62,053,888 63,000,113 32,653,552 52,145,181 34,741,036 44,544,469 36,877,070 36,941,573 34,741,036 34,223,925 34,414,987 34,379,541 34,379,541 28,849,731  
  mark-to-market gain of derivative instruments                                                      6,668,750.75 27,105,400 20,848,232               
  the accompanying notes are an integral part of these condensed financial statements.                                                                       
  mark-to-market of derivative instruments                                                         -21,278,629 -797,298.5 -6,449,577  -990,816          
  the accompanying notes are an integral part of these condensed unaudited financial statements.                                                                       
  share based compensation                                                            36,302 813,297          
  *see note 2                                                                       
  gain on derivatives                                                              -72,750 -291,000 -143,412 17,534    1,300  
  severance taxes                                                              109,262 437,048 189,400 58,315 69,673 38,242 38,242   
  net income per common share - basic and diluted                                                              0.01 0.04        
  net income per common share – basic and diluted                                                                0.01 -0.01 0.03 0.01 0.01 -0.01  
  depletion and depreciation                                                                  203,103 119,489 119,489 49,200  

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