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Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Revenue:        
Oil and gas sales $ 16,882 $ 14,822 $ 34,597 $ 34,484
Loss on property sales   (109)   (538)
Total revenue 16,882 14,713 34,597 33,946
Operating expenses:        
Lease operating expense 3,563 6,067 6,958 10,527
Transportation expense 3,625 4,359 7,568 7,642
Production taxes 611 786 1,461 1,691
Exploration expense 233 358 276 584
Dry hole costs and impairments 273 29,865 416 30,219
Depreciation, depletion, amortization and accretion 10,528 12,142 22,479 23,887
General and administrative expense 6,471 10,648 13,100 20,898
Total operating expenses 25,304 64,225 52,258 95,448
Operating loss (8,422) (49,512) (17,661) (61,502)
Other income and (expense):        
Interest expense and financing costs, net (7,997) (7,781) (14,803) (16,484)
Other income 233 111 164 179
Realized loss on derivative instruments, net (5,010) (601) (5,450) (4,714)
Unrealized gain (loss) on derivative instruments, net 8,341 3,676 (2,612) 20,948
Income from unconsolidated affiliates 131 991 214 983
Total other income and (expense) (4,302) (3,604) (22,487) 912
Loss from continuing operations before income taxes and discontinued operations (12,724) (53,116) (40,148) (60,590)
Income tax expense (benefit) (3,938) 203 (4,633) 478
Loss from continuing operations (8,786) (53,319) (35,515) (61,068)
Discontinued operations:        
Gain (loss) from results of operations and sale of discontinued operations, net of tax 9,320 (99,161) 5,785 (107,404)
Net income (loss) 534 (152,480) (29,730) (168,472)
Less net (gain) loss attributable to non-controlling interest included in discontinued operations (1,497) 2,730 927 5,925
Net loss attributable to Delta common stockholders (963) (149,750) (28,803) (162,547)
Amounts attributable to Delta common stockholders:        
Loss from continuing operations (8,786) (53,319) (35,515) (61,068)
Gain (loss) from discontinued operations, net of tax 7,823 (96,431) 6,712 (101,479)
Net loss $ (963) $ (149,750) $ (28,803) $ (162,547)
Basic loss attributable to Delta common stockholders per common share:        
Loss from continuing operations $ (0.31) [1] $ (1.93) [1] $ (1.27) [1] $ (2.22) [1]
Discontinued operations $ 0.28 [1] $ (3.5) [1] $ 0.24 [1] $ (3.68) [1]
Net loss $ (0.03) [1] $ (5.43) [1] $ (1.03) [1] $ (5.9) [1]
Diluted loss attributable to Delta common stockholders per common share:        
Loss from continuing operations $ (0.31) [1] $ (1.93) [1] $ (1.27) [1] $ (2.22) [1]
Discontinued operations $ 0.28 [1] $ (3.5) [1] $ 0.24 [1] $ (3.68) [1]
Net loss $ (0.03) [1] $ (5.43) [1] $ (1.03) [1] $ (5.9) [1]
[1] All common share amounts (except par value and par value per share amounts) have been retroactively restated as of June 30, 2011 to reflect the Company's one-for-ten reverse common stock split effective July 13, 2011, as described in Note 10 - Stockholders' Equity to these consolidated financial statements.