Accounting Changes and Error Corrections Accounting Changes and Error Corrections (Tables)

3 Months Ended

Mar. 31, 2014

Accounting Changes and Error Corrections [Abstract]

Schedule of Error Corrections and Prior Period Adjustments

	Consolidated Balance Sheet as of March 31, 2014
	(As Reported)			Adjustments			(As Restated)
Accounts Receivable	$	73,082		$	499		$	73,581
Deferred tax asset	5,572			5,280			10,852
Other Current Assets	10,081			(355		)	9,726
Total Current Assets	88,826			5,424			94,250
Accumulated depreciation, depletion, and amortization (1)	(3,236,443		)	48,205			(3,188,238		)
Property and Equipment, Net	2,576,862			48,205			2,625,067
Total Assets	2,681,273			53,629			2,734,902
Accounts payable and accrued liabilities	81,182			(1,640		)	79,542
Total Current Liabilities	164,025			(1,640		)	162,385
Deferred Tax Liabilities (1)	224,230			23,376			247,606
Retained earnings (1)	288,793			31,893			320,686
Total Stockholders’ Equity	1,043,648			31,893			1,075,541
Total Liabilities and Stockholders’ Equity	2,681,273			53,629			2,734,902

(1) The adjustments column includes the impact of correcting the error in the ceiling test write-down as of March 31, 2014. Included in these amounts are approximately $49 million related to Accumulated depreciation, depletion, and amortization, $18 million related to the net deferred tax liabilities and $31 million related to retained earnings.

	Condensed Consolidated Statements of Operations For the Three Months Ended March 31,
	2014							2013
	(As Reported)		Adjustments			(As Restated)		(As Reported)		Adjustments			(As Restated)
Oil and Gas Sales	$	148,558	$	499		$	149,057	$	146,477	$	54		$	146,531
Total Revenues	143,681		499			144,180		146,237		54			146,291
General and Administrative, net	10,739		(213		)	10,526		12,725		—			12,725
Depreciation, depletion, and amortization	61,685		966			62,651		60,120		336			60,456
Lease operating cost	25,267		(300		)	24,967		27,424		(540		)	26,884
Transportation and gas processing	5,292		—			5,292		6,030		(1,292		)	4,738
Severance and other taxes	9,202		—			9,202		9,775		250			10,025
Total Costs and Expenses	132,020		453			132,473		134,651		(1,246		)	133,405
Income (Loss) from Continuing Operations Before Income Taxes	11,661		46			11,707		11,586		1,300			12,886
Provision (Benefit) for Income Taxes	6,248		17			6,265		4,377		471			4,848
Net Income (Loss)	5,413		29			5,442		7,209		829			8,038
Basic EPS:  Net Income (Loss)	$	0.12	$	—		$	0.12	$	0.17	$	0.02		$	0.19
Diluted EPS:  Net Income (Loss)	$	0.12	$	—		$	0.12	$	0.17	$	0.01		$	0.18

	Consolidated Statements of Cash Flows For the Year Ended March 31,
	2014									2013
	(As Reported)			Adjustments			(As Restated)			(As Reported)			Adjustments			(As Restated)
Net income (loss)	$	5,413		$	29		$	5,442		$	7,209		$	829		$	8,038
Depreciation, depletion, and amortization	61,685			966			62,651			60,120			336			60,456
Deferred income taxes	6,248			17			6,265			4,377			471			4,848
Share-based compensation expense	2,054			(270		)	1,784			3,015			—			3,015
Other	(3,216		)	354			(2,862		)	(3,864		)	(297		)	(4,161		)
(Increase) decrease in accounts receivable	(2,335		)	(499		)	(2,834		)	(5,191		)	(54		)	(5,245		)
Increase (decrease) in accounts payable and accrued liabilities	6,885			(597		)	6,288			3,085			(1,285		)	1,800
Net Cash Provided by Operating Activities	69,699			—			69,699			62,223			—			62,223