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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
REVENUES :    
Gains (losses) on commodity derivative contracts-net $ (3,939) $ 4,865
Total revenues 48,905 65,015
EXPENSES :    
Lease operating and workover 14,808 15,852
Gathering and transportation (Note 3) 57 3,687
Severance and other taxes 2,861 2,121
Asset retirement accretion 297 276
Depreciation, depletion, and amortization 15,213 15,342
General and administrative 9,857 8,275
Total expenses 43,093 45,553
OPERATING INCOME 5,812 19,462
OTHER EXPENSE:    
Interest income 19  
Interest expense-net of amounts capitalized (1,827) (977)
Total other expense (1,808) (977)
INCOME BEFORE TAXES 4,004 18,485
Income tax expense 0  
NET INCOME 4,004 18,485
Participating securities-non-vested restricted stock (99) (546)
NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS $ 3,905 $ 17,939
Basic and diluted net income per share attributable to common shareholders $ 0.15 $ 0.72
Basic and diluted weighted average number of common shares outstanding (Note 12) 25,299 25,012
Revenue from contracts with customers    
REVENUES :    
Total revenues $ 52,844 $ 60,150
Oil    
REVENUES :    
Total revenues 32,414 31,036
Natural gas liquid    
REVENUES :    
Total revenues 11,038 11,194
Natural gas    
REVENUES :    
Total revenues 8,337 17,098
Other    
REVENUES :    
Total revenues $ 1,055 $ 822