QUARTERLY FINANCIAL INFORMATION - UNAUDITED

Quarterly financial data for the years ended December 31, 2013 and 2012 is presented below. The sum of the quarters may not equal the total of the year's net income or loss per share due to changes in the weighted-average shares outstanding throughout the year.



	2013
	Quarter Ended
	March 31			June 30			September 30			December 31			Year Ended
	(in thousands, except per share data)
Revenues:
Crude oil, natural gas and NGLs sales	$	79,439		$	77,537		$	82,136		$	120,286		$	359,398
Sales from natural gas marketing	13,670			18,079			16,946			21,092			69,787
Commodity price risk management gain (loss), net	(22,355		)	24,724			(23,638		)	(2,636		)	(23,905		)
Well operations, pipeline income and other	1,072			965			1,672			2,325			6,034
Total revenues	71,826			121,305			77,116			141,067			411,314
Costs, expenses and other:
Production costs	15,858			16,176			19,057			22,299			73,390
Cost of natural gas marketing	13,736			18,065			17,127			21,156			70,084
Exploration expense	1,689			1,437			2,030			1,883			7,039
Impairment of crude oil and natural gas properties	46,459			1,502			4,472			1,002			53,435
General and administrative expense	15,115			15,783			16,080			16,991			63,969
Depreciation, depletion and amortization	27,949			27,800			30,870			40,641			127,260
Accretion of asset retirement obligations	1,148			1,172			1,186			1,080			4,586
(Gain) loss on sale of properties and equipment	(38		)	(9		)	(712		)	2,151			1,392
Total costs, expenses and other	121,916			81,926			90,110			107,203			401,155
Income (loss) from operations	(50,090		)	39,379			(12,994		)	33,864			10,159
Interest expense	(13,357		)	(13,089		)	(12,509		)	(12,943		)	(51,898		)
Interest income	—			3			130			337			470
Income (loss) from continuing operations before income taxes	(63,447		)	26,293			(25,373		)	21,258			(41,269		)
Provision for income taxes	22,492			(9,791		)	10,155			(8,059		)	14,797
Income (loss) from continuing operations	(40,955		)	16,502			(15,218		)	13,199			(26,472		)
Income (loss) from discontinued operations, net of tax	1,537			3,416			(782		)	—			4,171
Net income (loss)	$	(39,418	)	$	19,918		$	(16,000	)	$	13,199		$	(22,301	)

Earnings per share:
Basic
Income (loss) from continuing operations	$	(1.35	)	$	0.55		$	(0.46	)	$	0.37		$	(0.82	)
Income (loss) from discontinued operations	0.05			0.11			(0.02		)	—			0.13
Net income (loss)	$	(1.30	)	$	0.66		$	(0.48	)	$	0.37		$	(0.69	)
Diluted
Income (loss) from continuing operations	$	(1.35	)	$	0.53		$	(0.46	)	$	0.36		$	(0.82	)
Income (loss) from discontinued operations	0.05			0.11			(0.02		)	—			0.13
Net income (loss)	$	(1.30	)	$	0.64		$	(0.48	)	$	0.36		$	(0.69	)

Weighted-average common shares outstanding:
Basic	30,270			30,332			33,413			35,620			32,426
Diluted	30,270			31,014			33,413			36,836			32,426



	2012
	Quarter Ended
	March 31			June 30			September 30			December 31			Year Ended
	(in thousands, except per share data)
Revenues:
Crude oil, natural gas and NGLs sales	$	66,955		$	51,342		$	52,291		$	67,773		$	238,361
Sales from natural gas marketing	11,381			8,613			11,178			14,199			45,371
Commodity price risk management gain (loss), net	11,501			38,729			(31,943		)	14,052			32,339
Well operations, pipeline income and other	1,169			1,056			1,194			1,115			4,534
Total revenues	91,006			99,740			32,720			97,139			320,605
Costs, expenses and other:
Production costs	12,936			12,373			15,797			13,594			54,700
Cost of natural gas marketing	11,091			8,490			11,260			14,182			45,023
Exploration expense	1,872			2,374			1,773			14,875			20,894
Impairment of crude oil and natural gas properties	588			356			388			4,563			5,895
General and administrative expense	14,708			14,378			13,710			16,019			58,815
Depreciation, depletion and amortization	27,912			23,839			22,121			24,906			98,778
Accretion of asset retirement obligations	727			732			1,101			1,127			3,687
Gain on sale of properties and equipment	(154		)	(2,246		)	(1,508		)	(445		)	(4,353		)
Total costs, expenses and other	69,680			60,296			64,642			88,821			283,439
Income (loss) from operations	21,326			39,444			(31,922		)	8,318			37,166
Loss on extinguishment of debt	—			—			—			(23,283		)	(23,283		)
Interest expense	(10,444		)	(10,053		)	(11,360		)	(16,430		)	(48,287		)
Interest income	2			—			3			3			8
Income (loss) from continuing operations before income taxes	10,884			29,391			(43,279		)	(31,392		)	(34,396		)
Provision for income taxes	(4,120		)	(10,213		)	15,268			11,766			12,701
Income (loss) from continuing operations	6,764			19,178			(28,011		)	(19,626		)	(21,695		)
Income (loss) from discontinued operations, net of tax	9,071			(6,907		)	(4,632		)	(106,549		)	(109,017		)
Net income (loss)	$	15,835		$	12,271		$	(32,643	)	$	(126,175	)	$	(130,712	)

Earnings per share:
Basic
Income (loss) from continuing operations	$	0.29		$	0.72		$	(0.93	)	$	(0.65	)	$	(0.78	)
Income (loss) from discontinued operations	0.38			(0.26		)	(0.15		)	(3.52		)	(3.94		)
Net income (loss) attributable to shareholders	$	0.67		$	0.46		$	(1.08	)	$	(4.17	)	$	(4.72	)
Diluted
Income (loss) from continuing operations	$	0.28		$	0.72		$	(0.93	)	$	(0.65	)	$	(0.78	)
Income (loss) from discontinued operations	0.38			(0.26		)	(0.15		)	(3.52		)	(3.94		)
Net income (loss) attributable to shareholders	$	0.66		$	0.46		$	(1.08	)	$	(4.17	)	$	(4.72	)

Weighted-average common shares outstanding
Basic	23,609			26,597			30,214			30,233			27,677
Diluted	23,889			26,728			30,214			30,233			27,677