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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Oil, natural gas, and natural gas liquids revenues:        
Oil $ 10,385 $ 8,916 $ 31,586 $ 25,292
Natural gas 1,971 2,113 5,483 7,459
Natural gas liquids 677 928 2,164 2,842
Total oil, natural gas, and natural gas liquids revenues 13,033 11,957 39,233 35,593
Gathering income 60 98 233 293
(Loss) gain on sales of oil and gas properties, net (13)   1,667  
Total revenues 13,080 12,055 41,133 35,886
Production costs:        
Lease operating expense 4,138 2,536 12,751 7,210
Severance taxes 746 481 2,122 1,479
Re-engineering and workovers 234 234 520 553
Exploration expense   83 142 83
Depreciation, depletion, and amortization 8,107 5,268 22,705 13,031
General and administrative expense 2,450 1,602 7,505 4,816
Total operating costs and expenses 15,675 10,204 45,745 27,172
(Loss) income from operations (2,595) 1,851 (4,612) 8,714
OTHER INCOME (EXPENSE)        
Interest expense, net (169) (149) (507) (446)
Net gain on derivative contracts 5,166 2,489 4,522 186
Other income, net 127 23 384 30
Total other income (expense) 5,124 2,363 4,399 (230)
Income (loss) before income taxes 2,529 4,214 (213) 8,484
Income tax expense (benefit) 811   (69)  
Net income (loss) $ 1,718 $ 4,214 $ (144) $ 8,484
Net income (loss) per common share:        
Basic $ 0.12 $ 0.46 $ (0.01) $ 0.93
Diluted $ 0.12 $ 0.46 $ (0.01) $ 0.93
Weighted average common shares outstanding:        
Basic 13,835,128 9,124,452 13,835,128 9,124,452
Diluted 13,835,128 9,124,452 13,835,128 9,124,452