XML 42 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
Condensed Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
 3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Revenues:    
Oil and gas sales $ 67,358us-gaap_OilAndGasSalesRevenue $ 149,057us-gaap_OilAndGasSalesRevenue
Price-risk management and other, net 979us-gaap_GainLossFromPriceRiskManagementActivity (4,877)us-gaap_GainLossFromPriceRiskManagementActivity
Total Revenues 68,337us-gaap_Revenues 144,180us-gaap_Revenues
Costs and Expenses:    
General and administrative, net 12,556us-gaap_GeneralAndAdministrativeExpense 10,526us-gaap_GeneralAndAdministrativeExpense
Depreciation, depletion, and amortization 60,698us-gaap_DepreciationDepletionAndAmortization 62,651us-gaap_DepreciationDepletionAndAmortization
Accretion of asset retirement obligation 1,365us-gaap_AssetRetirementObligationAccretionExpense 1,386us-gaap_AssetRetirementObligationAccretionExpense
Lease operating cost 19,034us-gaap_LeaseOperatingExpense 24,967us-gaap_LeaseOperatingExpense
Transportation and gas processing 5,323us-gaap_GasGatheringTransportationMarketingAndProcessingCosts 5,292us-gaap_GasGatheringTransportationMarketingAndProcessingCosts
Severance and other taxes 5,132us-gaap_TaxesOther 9,202us-gaap_TaxesOther
Interest expense, net 18,228us-gaap_InterestExpense 18,449us-gaap_InterestExpense
Write-down of oil and gas properties 502,569us-gaap_ImpairmentOfOilAndGasProperties 0us-gaap_ImpairmentOfOilAndGasProperties
Total Costs and Expenses 624,905us-gaap_CostsAndExpenses 132,473us-gaap_CostsAndExpenses
Income Before Income Taxes (556,568)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 11,707us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Provision for Income Taxes (79,491)us-gaap_IncomeTaxExpenseBenefit 6,265us-gaap_IncomeTaxExpenseBenefit
Net Income $ (477,077)us-gaap_NetIncomeLoss $ 5,442us-gaap_NetIncomeLoss
Per Share Amounts-    
Earnings Per Share (Basic) $ (10.79)us-gaap_EarningsPerShareBasic $ 0.12us-gaap_EarningsPerShareBasic
Earnings Per Share (Diluted) $ (10.79)us-gaap_EarningsPerShareDiluted $ 0.12us-gaap_EarningsPerShareDiluted
Weighted Average Shares Outstanding - Basic 44,232us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 43,628us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Weighted Average Shares Outstanding - Diluted 44,232us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 44,118us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding