XML 22 R4.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Oil, natural gas, and natural gas liquids revenues:      
Oil $ 39,849 $ 34,734 $ 16,038
Natural gas 5,457 9,367 9,714
Natural gas liquids 2,158 3,510 3,882
Total oil, natural gas, and natural gas liquids revenues 47,464 47,611 29,634
Gathering income 309 383 430
Gain (loss) on sale of oil and gas properties 1,617   (121)
Total revenues 49,390 47,994 29,943
Production costs:      
Lease operating expense 15,409 10,122 8,426
Severance taxes 2,582 2,002 1,225
Re-engineering and workovers 872 708 342
Impairment expense 138,086 19,359 12,298
Depreciation, depletion, and amortization 31,228 18,414 17,111
Exploration expense 142 111 2,490
General and administrative expense 10,300 7,864 7,751
Total operating costs and expenses 198,619 58,580 49,643
Income (loss) from operations (149,229) (10,586) (19,700)
OTHER INCOME (EXPENSE)      
Interest expense, net (722) (597) (487)
Net gain on derivative contracts 6,431 4,392 296
Other income, net 423 62 16
Total other income (expense) 6,132 3,857 (175)
Loss before income taxes (143,097) (6,729) (19,875)
Income tax (benefit) expense (26,442) 22,105  
Net income (loss) $ (116,655) $ (28,834) $ (19,875)
Net loss per common share:      
Basic $ (8.43) $ (3.11) $ (2.18)
Diluted $ (8.43) $ (3.11) $ (2.18)
Weighted average common shares outstanding:      
Basic 13,835,128 9,279,324 9,124,452
Diluted 13,835,128 9,279,324 9,124,452