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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Mar. 31, 2015
Mar. 31, 2014
Revenue:        
Oil and natural gas sales $ 2,547 $ 5,270 $ 11,209 $ 15,511
Operating Expenses:        
Exploration expense 135 515 1,396 943
Production taxes 249 386 904 1,564
Lease operating expenses 981 633 3,226 2,088
Natural gas transportation and marketing expenses 40 43 177 117
Depreciation, depletion, amortization and impairment 2,665 2,460 35,675 6,712
Accretion of discount on asset retirement obligation 33 64 100 199
General and administrative expense 1,577 1,993 5,689 5,852
Total operating expenses 5,680 6,094 47,167 17,475
Loss from Operations (3,133) (824) (35,958) $ (1,964)
Other Income (Expense):        
Interest income      
Interest expense (692) (902) (2,047) $ (2,717)
Unrealized loss on debentures     (3,787)  
Unrealized (loss) gain on commodity derivatives (183) (41) 782 (272)
Realized (loss) gain on commodity derivatives   (23)   (74)
Total Other Expense (875) (966) (5,052) (3,063)
Loss Before Income Taxes (4,008) (1,790) (41,010) $ (5,027)
Income tax provision      
Net loss (4,008) (1,790) (41,010) $ (5,027)
Net income (loss) attributable to non-controlling interest (274) 194 (2,865) 437
Net loss attributable to Red Mountain Resources, Inc $ (3,734) $ (1,984) $ (38,145) $ (5,464)
Basic and diluted net loss per common share (in dollars per share) $ (0.25) $ (0.15) $ (2.57) $ (0.41)
Basic and diluted weighted average common shares outstanding (in shares) 14,857 13,422 14,857 13,237