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Consolidated Statements of Operations (Audited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2014
Sep. 30, 2014
Jun. 30, 2014
Mar. 31, 2014
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Revenues:                      
Natural gas, NGL and crude oil sales $ 103,193 $ 104,483 $ 96,928 $ 74,109 $ 99,857 $ 120,526 $ 131,017 $ 120,013 $ 378,713 $ 471,413 $ 340,795
Sales from natural gas marketing 2,584 2,580 2,523 3,233 8,922 13,297 22,415 26,937 10,920 71,571 69,787
Commodity price risk management gain (loss), net 62,013 123,549 (49,041) 66,662 297,643 90,213 (52,643) (24,909) 203,183 310,304 (23,919)
Well operations, pipeline income and other 844 488 550 628 1,269 520 514 616 2,510 2,919 6,002
Total revenues 168,634 231,100 50,960 144,632 407,691 224,556 101,303 122,657 595,326 856,207 392,665
Costs, expenses and other:                      
Lease operating expenses 14,244 13,824 12,639 16,285 11,050 11,020 11,961 8,371 56,992 42,402 33,817
Production taxes 5,237 5,476 3,837 3,893 2,950 8,724 7,551 6,390 18,443 25,615 21,758
Transportation, gathering and processing expenses 3,567 3,938 1,308 1,338 1,331 1,208 818 1,235 10,151 4,592 5,152
Cost of natural gas marketing 2,842 2,781 2,836 3,258 9,370 13,347 22,428 26,870 11,717 72,015 70,084
Exploration expense 290 252 275 285 174 190 276 307 1,102 947 6,334
Impairment of natural gas and crude oil properties 413 154,031 4,404 2,772 161,914 1,962 2,019 952 161,620 166,847 52,873
General and administrative expense 27,908 20,278 20,728 21,045 20,989 36,328 41,713 24,529 89,959 123,559 63,715
Depreciation, depletion and amortization 96,385 80,947 70,106 55,820 50,363 49,640 49,636 42,889 303,258 192,528 115,624
Accretion of asset retirement obligations 1,551 1,594 1,588 1,560 873 861 840 841 6,293 3,415 4,566
(Gain) loss on sale of Leaseholds (83) (74) (207) (21) (70) 21 (23) 579 (385) 507 2,022
Total cost, expenses and other 152,354 283,047 117,514 106,235 258,944 123,301 137,219 112,963 659,150 632,427 375,945
Income from operations 16,280 (51,947) (66,554) 38,397 148,747 101,255 (35,916) 9,694 (63,824) 223,780 16,720
Interest expense (12,187) (12,092) (11,567) (11,725) (11,643) (11,821) (12,195) (12,183) (47,571) (47,842) (50,143)
Interest income 1,181 1,378 1,135 1,113 981 39 83 187 4,807 1,290 460
Income (loss) from continuing operations before income taxes 5,274 (62,661) (76,986) 27,785 138,085 89,473 (48,028) (2,302) (106,588) 177,228 (32,963)
Provision for income taxes (2,252) 21,167 30,116 (10,723) (54,115) (35,396) 18,650 894 38,308 (69,967) 11,852
Income (loss) from continuing operations 3,022 (41,494) (46,870) 17,062 83,970 54,077 (29,378) (1,408) (68,280) 107,261 (21,111)
Income (loss) from discontinued operations, net of tax 0 0 0 0 47,782 (80) 1,191 (719) 0 48,174 (1,190)
Net income (loss) $ 3,022 $ (41,494) $ (46,870) $ 17,062 $ 131,752 $ 53,997 $ (28,187) $ (2,127) $ (68,280) $ 155,435 $ (22,301)
Basic                      
Income (loss) from continuing operations $ 0.08 $ (1.04) $ (1.17) $ 0.47 $ 2.34 $ 1.51 $ (0.82) $ (0.04) $ (1.74) $ 3.00 $ (0.65)
Income (loss) from discontinued operations 0.00 0.00 0.00 0.00 1.33 0.00 0.03 (0.02) 0.00 1.34 (0.04)
Net income (loss) attributable to shareholders 0.08 (1.04) (1.17) 0.47 3.67 1.51 (0.79) (0.06) (1.74) 4.34 (0.69)
Diluted                      
Income (loss) from continuing operations 0.07 (1.04) (1.17) 0.46 2.32 1.47 (0.82) (0.04) (1.74) 2.93 (0.65)
Income (loss) from discontinued operations 0.00 0.00 0.00 0.00 1.32 0.00 0.03 (0.02) 0.00 1.31 (0.04)
Net income (loss) attributable to shareholders $ 0.07 $ (1.04) $ (1.17) $ 0.46 $ 3.64 $ 1.47 $ (0.79) $ (0.06) $ (1.74) $ 4.24 $ (0.69)
Weighted-average common shares outstanding:                      
Basic 40,094 40,085 40,035 36,349 35,847 35,834 35,762 35,690 39,153 35,784 32,426
Diluted 41,264 40,085 40,035 36,981 36,146 36,828 35,762 35,690 39,153 36,678 32,426