v3.20.2

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Income Statement [Abstract]
Revenues	$ 54,005	$ 178,001	$ 200,418	$ 337,911
Cost of goods sold (excluding depreciation, depletion and amortization)	54,823	141,272	179,838	271,794
Depreciation, depletion and amortization	7,525	14,062	19,265	25,334
Gross profit (loss)	(8,343)	22,667	1,315	40,783
Operating costs and expenses:
General and administrative expenses	21,221	15,210	34,142	27,823
Depreciation and amortization	1,403	1,697	2,796	3,373
Accretion of asset retirement obligations	134	130	267	259
Asset impairments	0	0	145,718	0
Change in estimated fair value of contingent consideration	0	(672)	(400)	(672)
Other operating (income) expenses, net	(12,895)	469	(10,553)	900
Income (loss) from operations	(18,206)	5,833	(170,655)	9,100
Other income (expense):
Earnings from equity method investments	697	1,284	1,848	2,400
Gain on remeasurement of equity method investment	0	3,612	0	3,612
Interest expense	(11,735)	(11,806)	(23,496)	(22,396)
Loss before income tax	(29,244)	(1,077)	(192,303)	(7,284)
Income tax expense (benefit):
Current tax expense	0	259	0	259
Deferred tax benefit	(3,230)	660	(19,367)	660
Deferred tax resulting from conversion to a corporation	0	115,488	0	115,488
Income tax expense (benefit)	(3,230)	116,407	(19,367)	116,407
Net loss	$ (26,014)	$ (117,484)	$ (172,936)	$ (123,691)
Loss per common share:
Loss per share - basic (usd per share)	$ (0.26)	$ (1.16)	$ (1.72)	$ (1.22)
Loss per share - diluted (usd per share)	$ (0.26)	$ (1.16)	$ (1.72)	$ (1.22)
Weighted average number of shares outstanding, basic (in shares)	100,630,069	101,312,754	100,732,634	101,165,914
Weighted average number of shares outstanding, diluted (in shares)	100,630,069	101,312,754	100,732,634	101,165,914

Amount of write-down of assets recognized in the income statement. Includes, but is not limited to, losses from tangible assets, intangible assets and goodwill.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3602-108585

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 45
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=109226348&loc=d3e2420-110228

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