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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
REVENUES:        
Oil sales $ 77,636 $ 48,056 $ 149,854 $ 93,138
Natural gas liquid sales 10,998 3,901 20,717 10,173
Natural gas sales 14,464 2,379 23,259 5,829
Gains on commodity derivative contracts - net 22,421 48,143 2,297 23,478
Other 489 103 903 207
Total revenues 126,008 102,582 197,030 132,825
EXPENSES:        
Lease operating and workover 17,575 5,921 31,446 12,388
Severance and other taxes 6,579 6,272 12,534 11,648
Asset retirement accretion 313 164 567 298
Depreciation, depletion, and amortization 52,830 27,882 94,806 55,909
General and administrative 15,272 4,956 26,298 11,019
Acquisition and transaction costs 11,492   11,492  
Total expenses 104,061 45,195 177,143 91,262
OPERATING INCOME 21,947 57,387 19,887 41,563
OTHER INCOME (EXPENSE)        
Interest income 5 143 10 150
Interest expense - net of amounts capitalized (16,621) (990) (27,488) (2,680)
Total other income (expense) (16,616) (847) (27,478) (2,530)
INCOME (LOSS) BEFORE TAXES 5,331 56,540 (7,591) 39,033
Income tax benefit (expense) (1,993) (168,917) 2,980 (168,917)
NET INCOME (LOSS) 3,338 (112,377) (4,611) (129,884)
Preferred stock dividend (see Note 8) (2,709)   (6,826)  
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS $ 629 $ (112,377) $ (11,437) $ (129,884)
Basic and diluted net income (loss) per share attributable to common shareholders (in dollars per share) $ 0.01 $ (1.85) $ (0.17) $ (2.39)
Weighted average number of common shares outstanding (in shares) 68,441 60,887 65,699 54,261