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Consolidated Statements of Operations & Comprehensive Loss (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues        
Oil sales $ 15,168 $ 21,338 $ 24,119 $ 37,559
Natural gas sales 1,636 1,151 3,257 2,479
Natural gas liquid sales 999 609 1,623 1,122
Total revenues 17,803 23,098 28,999 41,160
Costs and expenses        
Lease operating and gas gathering 4,398 4,589 8,758 8,050
Production, ad valorem, and severance taxes 1,223 1,476 2,139 2,827
Rig standby expense 1,584   1,897  
Depletion, depreciation, and amortization 12,498 13,253 27,636 26,039
Accretion of asset retirement obligations 51 54 107 106
(Gain) loss on sale of oil and gas properties (1,531)   (1,531) 625
Impairment of oil and gas properties 1,938   1,938  
Stock-based compensation 95 433 191 866
General and administrative 2,858 2,408 5,631 4,696
Other (income) expense 819 (4) 1,047 35
Total costs and expenses 23,933 22,209 47,813 43,244
Income (loss) from operations (6,130) 889 (18,814) (2,084)
Other income (expense)        
Interest expense (6,174) (5,972) (12,299) (11,819)
Losses on derivative financial instruments (6,785) (7,500) (5,069) (525)
Total other expense, net (12,959) (13,472) (17,368) (12,344)
Loss before income taxes (19,089) (12,583) (36,182) (14,428)
Income tax benefit 6,245 4,230 12,040 5,350
Net loss $ (12,844) $ (8,353) $ (24,142) $ (9,078)
Net loss per common share-basic and diluted $ (0.85) $ (0.56) $ (1.60) $ (0.60)
Weighted average common shares outstanding–basic and diluted 15,044,051 15,044,051 15,044,051 15,044,051
Other comprehensive loss:        
Net loss $ (12,844) $ (8,353) $ (24,142) $ (9,078)
Foreign currency translation adjustments (17) (13) (16) 1
Comprehensive loss $ (12,861) $ (8,366) $ (24,158) $ (9,077)