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Condensed Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
REVENUES        
Oil and natural gas sales $ 35,702 $ 4,510 $ 87,445 $ 5,368
Total revenues 35,702 4,510 87,445 5,368
OPERATING EXPENSES        
Lease operating 2,077 1,035 6,511 1,165
Transportation, gathering and compression 6,857 23 10,710 23
Production and ad valorem taxes 2,132 26 3,187 32
Depreciation, depletion and amortization 29,983 2,462 51,967 3,445
Exploration 3,057 350 16,897 470
General and administrative 11,897 6,042 28,720 12,504
Impairment of oil and gas properties 4,605   4,605  
Accretion of asset retirement obligations 198 117 575 234
Gain on reduction of pension liability 0 0 (2,208) 0
Total operating expenses 60,806 10,055 120,964 17,873
OPERATING LOSS (25,104) (5,545) (33,519) (12,505)
OTHER INCOME (EXPENSE)        
Gain on derivative instruments 5,572   1,098  
Interest expense, net (10,066) (10,939) (35,320) (11,478)
Other income     1,585  
Total other expense, net (4,494) (10,939) (32,637) (11,478)
LOSS BEFORE INCOME TAXES (29,598) (16,484) (66,156) (23,983)
INCOME TAX EXPENSE (BENEFIT) (10,544)   83,997  
NET LOSS $ (19,054) $ (16,484) $ (150,153) $ (23,983)
NET LOSS PER COMMON SHARE        
Basic and diluted $ (0.12)   $ (1.08)  
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING        
Basic and diluted 160,000   139,102