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Condensed Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Revenue:        
Oil and gas production revenues $ 21,478 $ 15,934 $ 42,641 $ 32,313
Other 16 4 49 18
Total revenue 21,494 15,938 42,690 32,331
Operating costs and expenses:        
Lease operating expenses 6,166 5,382 12,628 11,316
Production taxes 1,911 1,489 3,838 2,985
Depreciation, depletion, and amortization 5,776 5,380 12,285 10,218
Impairment 1,977 1,306 1,977 1,306
General and administrative (including stock-based compensation of $669, $722, $1,142 and $1,199, respectively) 2,797 2,404 5,327 4,305
Operating costs and expenses 18,627 15,961 36,055 30,130
Operating income (loss) 2,867 (23) 6,635 2,201
Other (income) expense:        
Interest income 0 (1) (1) (2)
Interest expense 1,259 1,270 2,467 2,465
Amortization of deferred financing fees 343 266 676 296
(Gain) loss on derivative contracts - Realized 783 (914) 1,708 (866)
(Gain) loss on derivative contracts - Unrealized (7,485) (10,296) (6,864) (9,420)
Earnings from equity method investments 0 (1,251) 0 (2,034)
Other 14 0 101 42
Total other (income) expense 5,086 10,926 1,913 9,519
Net income before income taxes 7,953 10,903 8,548 11,720
Income tax expense 87 0 87 0
Net income $ 7,866 $ 10,903 $ 8,461 $ 11,720
Net income per common share - basic (in dollars per share) $ 0.09 $ 0.12 $ 0.09 $ 0.13
Net income per common share - diluted (in dollars per share) $ 0.08 $ 0.12 $ 0.09 $ 0.13