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CONDENSED CONSOLIDATED AND COMBINED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
REVENUES        
Oil sales $ 63,418 $ 61,735 $ 107,106 $ 107,563
Natural gas sales 6,696 9,728 13,652 14,772
Natural gas liquids sales 7,746 10,841 12,313 17,699
Total revenues 77,860 82,304 133,071 140,034
OPERATING EXPENSES        
Lease operating expenses 18,464 9,668 34,862 16,686
Production and ad valorem taxes 5,431 5,511 9,926 8,483
Depreciation, depletion and amortization 44,407 20,446 81,788 38,838
General and administrative expenses 12,325 7,127 23,969 14,888
Exploration costs 1,515   4,734  
Incentive unit compensation   50,559   51,088
Stock based compensation 2,112 294 3,753 294
Accretion of asset retirement obligations 221 117 470 209
Rig termination 3,870   8,970  
Other operating expenses 23   23  
Total operating expenses 88,368 93,722 168,495 130,486
Gain on sale of property 1,031   1,031  
OPERATING INCOME (LOSS) (9,477) (11,418) (34,393) 9,548
OTHER INCOME (EXPENSE)        
Interest expense, net (10,672) (9,906) (22,210) (17,834)
Prepayment premium on extinguishment of debt       (5,107)
Derivative loss (17,733) (14,353) (10,591) (20,029)
Other income (expense) 1,486 (18) 1,766 260
Total other income (expense), net (26,919) (24,277) (31,035) (42,710)
LOSS BEFORE INCOME TAXES (36,396) (35,695) (65,428) (33,162)
INCOME TAX BENEFIT (EXPENSE) 10,216 (1,794) 15,690 (2,339)
NET LOSS (26,180) (37,489) (49,738) (35,501)
LESS: NET (INCOME) LOSS ATTRIBUTABLE TO NONCONTROLLING INTEREST 7,051 (1,157) 13,585 (1,157)
NET LOSS ATTRIBUTABLE TO PARSLEY ENERGY INC. STOCKHOLDERS $ (19,129) $ (38,646) $ (36,153) $ (36,658)
Net loss per common share:        
Basic $ (0.18) $ (1.19) $ (0.35) $ (2.27)
Diluted $ (0.18) $ (1.19) $ (0.35) $ (2.27)
Weighted average common shares outstanding:        
Basic 108,058 32,453 104,684 16,136
Diluted 108,058 32,453 104,684 16,136