XML 77 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Revenues      
Oil, natural gas liquids and natural gas $ 462,363us-gaap_OilAndGasRevenue $ 354,223us-gaap_OilAndGasRevenue $ 177,422us-gaap_OilAndGasRevenue
Other 2,360us-gaap_OtherSalesRevenueNet 755us-gaap_OtherSalesRevenueNet 24us-gaap_OtherSalesRevenueNet
Total revenues 464,723us-gaap_Revenues 354,978us-gaap_Revenues 177,446us-gaap_Revenues
Operatings expenses      
Lease operating 51,262us-gaap_LeaseOperatingExpense 44,620us-gaap_LeaseOperatingExpense 43,649us-gaap_LeaseOperatingExpense
Marketing,gathering, transportation and other 23,621us-gaap_GasGatheringTransportationMarketingAndProcessingCosts 17,567us-gaap_GasGatheringTransportationMarketingAndProcessingCosts 17,491us-gaap_GasGatheringTransportationMarketingAndProcessingCosts
Production and ad valorem taxes 18,161us-gaap_TaxesExcludingIncomeAndExciseTaxes 17,824us-gaap_TaxesExcludingIncomeAndExciseTaxes 4,400us-gaap_TaxesExcludingIncomeAndExciseTaxes
General and administrative 30,373us-gaap_GeneralAndAdministrativeExpense 27,469us-gaap_GeneralAndAdministrativeExpense 21,434us-gaap_GeneralAndAdministrativeExpense
Depletion, depreciation and amortization 189,516us-gaap_DepreciationDepletionAndAmortization 137,068us-gaap_DepreciationDepletionAndAmortization 91,353us-gaap_DepreciationDepletionAndAmortization
Accretion 958us-gaap_AccretionExpense 952us-gaap_AccretionExpense 862us-gaap_AccretionExpense
Impairments 423,092us-gaap_AssetImpairmentCharges 1,125us-gaap_AssetImpairmentCharges 664,438us-gaap_AssetImpairmentCharges
Other operating expenses (income) 25,583us-gaap_OtherGeneralExpense (858)us-gaap_OtherGeneralExpense 516us-gaap_OtherGeneralExpense
Total operating expenses 762,566us-gaap_CostsAndExpenses 245,767us-gaap_CostsAndExpenses 844,143us-gaap_CostsAndExpenses
Other income (expenses)      
Interest expense, net of capitalized interest (115,586)us-gaap_InterestExpense (99,471)us-gaap_InterestExpense (49,387)us-gaap_InterestExpense
Gain on derivative instruments 121,669us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet 814us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet 29,267us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
Other income 27us-gaap_OtherNonoperatingIncomeExpense 23us-gaap_OtherNonoperatingIncomeExpense 18us-gaap_OtherNonoperatingIncomeExpense
Total other income (expenses) 6,110us-gaap_NonoperatingIncomeExpense (98,634)us-gaap_NonoperatingIncomeExpense (20,102)us-gaap_NonoperatingIncomeExpense
Net income (loss) before income taxes (291,733)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 10,577us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest (686,799)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income tax expense 34,987us-gaap_IncomeTaxExpenseBenefit    
Net income (loss) including noncontrolling interests (326,720)us-gaap_ProfitLoss 10,577us-gaap_ProfitLoss (686,799)us-gaap_ProfitLoss
Less: Net income (loss) applicable to noncontrolling interests     17us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
Net income (loss) $ (326,720)us-gaap_NetIncomeLoss $ 10,577us-gaap_NetIncomeLoss $ (686,782)us-gaap_NetIncomeLoss
Net income (loss) per share:      
Net income (loss) per share - Basic (in dollars per share) $ (2.67)us-gaap_EarningsPerShareBasic $ 0.09us-gaap_EarningsPerShareBasic $ (6.92)us-gaap_EarningsPerShareBasic
Net income (loss) per share - Diluted (in dollars per share) $ (2.67)us-gaap_EarningsPerShareDiluted $ 0.09us-gaap_EarningsPerShareDiluted $ (6.92)us-gaap_EarningsPerShareDiluted
Weighted average shares outstanding – basic (in shares) 122,237us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 118,863us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 99,179us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Weighted average shares outstanding – diluted (in shares) 122,237us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 118,863us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 99,179us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding