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Condensed Consolidated Statements of Income (Loss) and Comprehensive Income (Loss) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Revenue        
Production $ 102,615 $ 104,546 $ 332,187 $ 358,281
Sales of purchased natural gas 16,660 15,130 53,401 50,373
Net derivative gains (losses) 43,310 32,733 (15,080) 36,202
Other 913 707 2,808 2,462
Total revenue 163,498 153,116 373,316 447,318
Operating expense        
Lease operating 17,176 18,591 54,622 63,699
Gathering, processing and transportation 34,807 35,567 102,511 112,064
Production and ad valorem taxes 4,067 4,678 12,557 15,462
Costs of purchased natural gas 16,599 15,114 53,305 50,311
Depletion, depreciation and accretion 13,969 14,390 42,584 47,911
Impairment of Oil and Gas Properties 135 0 135 0
General and administrative 11,310 10,471 38,115 43,509
Other operating 651 2,230 2,221 4,435
Total expense 98,714 101,041 306,050 337,391
Operating income (loss) 64,784 60,049 67,266 451,073
Other income - net (2,465) 667 (3,824) (14,588)
Fortune Creek accretion (3,602) (4,818) (11,605) (14,490)
Interest expense (39,899) (39,355) (121,927) (210,535)
Income (loss) before income taxes 18,818 16,543 (70,090) 211,460
Income tax (expense) benefit 4,939 (5,966) (1,081) (18,063)
Net Income (Loss) Attributable to Parent 23,757 10,577 (71,171) 193,397
Reclassification adjustments related to settlements of derivative contracts into production revenue- net of income tax (7,968) (11,139) (20,939) (37,181)
Foreign currency translation adjustment (6,921) 2,345 (6,162) (933)
Other comprehensive income (loss) (14,889) (8,794) (27,101) (38,114)
Comprehensive income (loss) 8,868 1,783 (98,272) 155,283
Earnings (loss) per common share - basic $ 0.13 $ 0.06 $ (0.41) $ 1.10
Earnings (loss) per common share - diluted $ 0.13 [1] $ 0.06 [1] $ (0.41) [1] $ 1.10 [1]
Tokyo Gas [Member]
       
Operating expense        
Gain (Loss) on Disposition of Oil and Gas and Timber Property $ 0 $ 7,974 $ 0 $ 341,146
[1] For the three months ended September 30, 2014, 6.6 million shares associated with our stock options and 1.2 million shares associated with our unvested RSUs were antidilutive and, therefore, excluded from the diluted share calculations. For the three months ended September 30, 2013, 6.2 million shares associated with our stock options and 0.2 million shares associated with our unvested RSUs were antidilutive and, therefore, excluded from the diluted share calculations. For the nine months ended September 30, 2014, 6.6 million shares associated with our stock options and 0.8 million shares associated with our unvested RSUs were antidilutive and, therefore, excluded from the diluted share calculations. For the nine months ended September 30, 2013, 5.5 million shares associated with our stock options and 0.2 million shares associated with our unvested RSUs were antidilutive and, therefore, excluded from the diluted share calculations.