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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Revenues:      
Oil and gas production revenues $ 94,275 $ 68,499 $ 64,615
Other 56 74 7
Total revenue 94,331 68,573 64,622
Operating costs and expenses:      
Lease operating 25,361 24,806 21,581
Production taxes 8,510 6,613 5,766
Depreciation, depletion, and amortization 26,632 23,016 16,194
Impairment 6,025 19,774 0
General and administrative (including stock-based compensation of $1,987, $2,091 and $2,114, respectively) 12,876 10,712 9,433
Operating expenses 79,404 84,921 52,974
Operating income (loss) 14,927 (16,348) 11,648
Other (income) expense:      
Interest income (3) (4) (7)
Interest expense 4,580 5,520 4,898
Amortization of deferred financing fees 1,367 937 1,762
Gain on sale of properties (33,377) 0 0
Loss on derivative contracts - realized 5,035 459 676
Gain on derivative contracts - unrealized (2,561) (2,669) (7,476)
Earnings from equity method investment 0 (2,207) (2,187)
Other 539 97 316
Total other (income) expense (24,420) 2,133 (2,018)
Income (loss) before income tax 39,347 (18,481) 13,666
Income tax benefit (expense) (700) (310) 77
Net income (loss) $ 38,647 $ (18,791) $ 13,743
Net income (loss) - per common share - basic (in dollars per share) $ 0.42 $ (0.20) $ 0.15
Net income (loss) - per common share - diluted (in dollars per share) $ 0.41 $ (0.20) $ 0.15