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Consolidated Statements of Operations & Comprehensive (Loss) Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenues        
Oil sales $ 12,285 $ 18,849 $ 36,404 $ 56,408
Natural gas sales 2,190 1,612 5,448 4,091
Natural gas liquid sales 1,063 416 2,685 1,538
Total revenues 15,538 20,877 44,537 62,037
Costs and expenses        
Lease operating and gas gathering 4,006 4,616 12,764 12,666
Production, ad valorem, and severance taxes 907 1,376 3,046 4,203
Rig standby expense 364 10 2,261 10
Depletion, depreciation, and amortization 10,665 13,823 38,301 [1] 39,861
Accretion of asset retirement obligations 53 53 160 [1] 160
Loss (gain) on sale of oil and gas properties 53   (1,478) 625
Impairment of oil and gas properties 29,144   31,082 [1]  
Stock-based compensation 122 880 313 [1] 1,746
General and administrative 2,870 2,399 8,501 7,095
Other expense 1 18 1,045 53
Total costs and expenses 48,185 23,175 95,995 66,419
Loss from operations (32,647) (2,298) (51,458) (4,382)
Other income (expense)        
Interest expense (7,345) (6,666) (19,644) (18,485)
Gain on disposal of bonds 29,363   29,363 [1]  
Unrealized loss on warrants (611)   (611)  
Gain (loss) on derivative financial instruments 1,664 19,481 (3,405) 18,956
Total other income, net 23,071 12,815 5,703 471
(Loss) income before income taxes (9,576) 10,517 (45,755) (3,911)
Income tax (expense) benefit (1,684) (3,931) 10,354 1,419
Net (loss) income $ (11,260) $ 6,586 $ (35,401) [1] $ (2,492)
Net (loss) income per common share-basic and diluted $ (1.44) $ 0.88 $ (4.64) $ (0.33)
Weighted average common shares outstanding–basic and diluted 7,842,586 7,522,025 7,629,896 7,522,025
Other comprehensive (loss) income:        
Net (loss) income $ (11,260) $ 6,586 $ (35,401) [1] $ (2,492)
Foreign currency translation adjustments (13) (30) (29) (29)
Comprehensive (loss) income $ (11,273) $ 6,556 $ (35,430) $ (2,521)
[1] Restated