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Consolidated Statements of Operations & Comprehensive Income (Loss) (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenues    
Oil sales $ 14,489 $ 8,951
Natural gas sales 1,456 1,622
Natural gas liquid sales 1,671 624
Total revenues 17,616 11,197
Costs and expenses    
Lease operating and gas gathering 2,956 4,360
Production, ad valorem, and severance taxes 1,037 916
Rig standby expense   313
Depletion, depreciation, and amortization 12,122 15,139
Accretion of asset retirement obligations 20 56
Loss on sale of oil and gas properties 142  
Stock-based compensation 178 95
General and administrative 2,492 2,773
Total costs and expenses 18,947 23,652
Loss from operations (1,331) (12,455)
Other income (expense)    
Interest expense (5,032) (6,124)
Unrealized gain on warrants 2,270  
Gain on derivative financial instruments 8,746 1,715
Other expense   (228)
Total other income (expense), net 5,984 (4,637)
Income (loss) before income taxes 4,653 (17,092)
Income tax (expense) benefit (1,587) 5,795
Net income (loss) $ 3,066 $ (11,297)
Net income (loss) per common share    
Basic $ 0.14 $ (1.50)
Diluted $ 0.13 $ (1.50)
Weighted average common shares outstanding    
Basic 21,822,015 7,522,025
Diluted 22,833,615 7,522,025
Comprehensive income (loss):    
Net income (loss) $ 3,066 $ (11,297)
Foreign currency translation adjustments   1
Comprehensive income (loss) $ 3,066 $ (11,296)