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Supplemental Selected Quarterly Financial Data (Unaudited)
 12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
Supplemental Selected Quarterly Financial Data (Unaudited)

Note 16. Supplemental Selected Quarterly Financial Data (Unaudited)

 

 

 

First

 

 

Second

 

 

Third

 

 

Fourth

 

(In thousands, except per share data)

 

Quarter

 

 

Quarter

 

 

Quarter

 

 

Quarter

 

2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Oil and gas revenues

 

$

6,810

 

 

$

9,777

 

 

$

10,530

 

 

$

15,152

 

Loss from operations

 

 

(6,836

)

 

 

(6,433

)

 

 

(4,316

)

 

 

(28,436

)

Net loss

 

 

(6,421

)

 

 

(11,172

)

 

 

(3,900

)

 

 

(33,048

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss per common share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted net loss per share

 

$

(0.46

)

 

$

(0.69

)

 

$

(0.17

)

 

$

(1.48

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Oil and gas revenues

 

$

11,242

 

 

$

14,958

 

 

$

13,033

 

 

$

8,231

 

(Loss) income from operations

 

 

(2,298

)

 

 

281

 

 

 

(2,595

)

 

 

(144,617

)

Net (loss) income

 

 

(1,114

)

 

 

(748

)

 

 

1,718

 

 

 

(116,511

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net (loss) income per common share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted net (loss) income per share

 

$

(0.08

)

 

$

(0.05

)

 

$

0.12

 

 

$

(8.43

)

 

 

Fourth quarter 2016 loss from operations includes a non-cash impairment charge of $6.8 million to its oil and natural gas properties, as discussed in Note 6. Oil and Natural Gas Properties and a non-cash impairment charge of $17.5 million to its goodwill, as discussed in Note76. Goodwill.  Second quarter 2016 loss from operation includes $5.1 million of expenses related to the termination of a drilling rig, as discussed in Note 11. Long-Term Debt.

 

Fourth quarter 2015 loss from operations includes a non-cash impairment charge of $136.5 million to its oil and natural gas properties, as discussed in Note 6. Oil and Natural Gas Properties and a non-cash impairment charge of $1.6 million to its goodwill, as discussed in Note 7. Goodwill.  Second quarter 2015 income from operations includes a $1.6 million gain on the sale of oil and gas properties, net, as discussed in Note 3. Acquisitions and Divestitures.