XML 31 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
REVENUES        
Oil sales $ 112,705 $ 51,670 $ 255,865 $ 158,776
Natural gas sales 8,457 7,060 19,834 20,712
Natural gas liquids sales 10,770 5,504 24,811 17,817
Other 733 0 733 0
Total revenues 132,665 64,234 301,243 197,305
OPERATING EXPENSES        
Lease operating expenses 16,407 15,131 44,509 49,993
Production and ad valorem taxes 8,391 3,471 18,993 13,397
Depreciation, depletion and amortization 65,741 46,085 171,113 127,873
General and administrative expenses (including stock-based compensation of $3,316 and $2,102 for the three months ended September 30, 2016 and 2015 and $9,466 and $5,855 for the nine months ended September 30, 2016 and 2015) 24,695 15,721 61,301 42,785
Exploration costs 3,113 3,824 12,779 8,558
Acquisition costs 440 0 926 0
Accretion of asset retirement obligations 190 187 575 657
Rig termination costs 0 0 0 8,970
Other operating expenses 1,220 233 3,767 256
Total operating expenses 120,197 84,652 313,963 252,489
OPERATING INCOME (LOSS) 12,468 (20,418) (12,720) (55,184)
OTHER (EXPENSE) INCOME        
Interest expense, net (15,561) (11,393) (38,954) (34,334)
Gain (loss) on sale of property 0 1,300 (119) 2,331
Gain (loss) on derivatives 1,374 34,290 (23,842) 23,699
Other (expense) income (1,201) (579) (950) 1,260
Total other (expense) income, net (15,388) 23,618 (63,865) (7,044)
(LOSS) INCOME BEFORE INCOME TAXES (2,920) 3,200 (76,585) (62,228)
INCOME TAX BENEFIT (EXPENSE) 1,279 (557) 21,765 15,133
NET (LOSS) INCOME (1,641) 2,643 (54,820) (47,095)
LESS: NET (INCOME) LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS (1,065) (1,734) 11,383 11,851
NET (LOSS) INCOME ATTRIBUTABLE TO PARSLEY ENERGY, INC. STOCKHOLDERS $ (2,706) $ 909 $ (43,437) $ (35,244)
Net (loss) income per common share:        
Basic (in dollars per share) $ (0.02) $ 0.01 $ (0.28) $ (0.33)
Diluted (in dollars per share) $ (0.02) $ 0.01 $ (0.28) $ (0.33)
Weighted average common shares outstanding:        
Basic (in shares) 173,241 109,218 156,018 106,212
Diluted (in shares) 173,241 109,592 156,018 106,212