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Business Segments (Tables)
6 Months Ended
Jun. 30, 2014
Segment Reporting [Abstract]  
Entity's Operating Segment Data and Asset Data
The following tables provide the Company’s geographic operating segment data for the three and six months ended June 30, 2014 and 2013:
 
 
Three Months Ended June 30, 2014
 
 
 
U.S.
 
Canada
 
Corporate
 
Total
 
Revenues:
 
 
 
 
 
 
 
 
 
Oil and gas production
 
$
33,181

 
$
367

 
$

 
$
33,548

 
Other
 

 

 
11

 
11

 
 
 
33,181

 
367

 
11

 
33,559

 
Expenses:
 
 

 
 

 
 

 
 

 
Lease operating
 
5,585

 
187

 

 
5,772

 
Production taxes
 
2,838

 

 

 
2,838

 
Depreciation, depletion and amortization
 
9,044

 
136

 
62

 
9,242

 
General and administrative
 
508

 
56

 
2,553

 
3,117

 
Net interest
 
140

 
6

 
636

 
782

 
Amortization of deferred financing fees
 

 

 
280

 
280

 
Loss on derivative contracts - Realized
 

 

 
1,356

 
1,356

 
Loss on derivative contracts - Unrealized
 

 

 
7,136

 
7,136

 
Other
 

 

 
2

 
2

 
Net income (loss)
 
$
15,066

 
$
(18
)
 
$
(12,014
)
 
$
3,034

 
 


 
 
Three Months Ended June 30, 2013
 
 
 
U.S.
 
Canada
 
Corporate
 
Total
 
Revenues:
 
 
 
 
 
 
 
 
 
Oil and gas production
 
$
20,946

 
$
532

 
$

 
$
21,478

 
Other
 

 

 
16

 
16

 
 
 
20,946

 
532

 
16

 
21,494

 
Expenses (income):
 
 

 
 

 
 

 
 

 
Lease operating
 
5,783

 
383

 

 
6,166

 
Production taxes
 
1,906

 
5

 

 
1,911

 
Depreciation, depletion and amortization
 
5,411

 
302

 
63

 
5,776

 
Impairment
 

 
1,977

 

 
1,977

 
General and administrative
 
486

 
186

 
2,125

 
2,797

 
Net interest
 
157

 
5

 
1,097

 
1,259

 
Amortization of deferred financing fees
 

 

 
343

 
343

 
Loss on derivative contracts - Realized
 

 

 
783

 
783

 
(Gain) on derivative contracts - Unrealized
 

 

 
(7,485
)
 
(7,485
)
 
Other
 

 

 
14

 
14

 
Income tax expense
 

 

 
87

 
87

 
Net income (loss)
 
$
7,203

 
$
(2,326
)
 
$
2,989

 
$
7,866

 

 
 
Six Months Ended June 30, 2014
 
 
U.S.
 
Canada
 
Corporate
 
Total
Revenues:
 
 
 
 
 
 
 
 
Oil and gas production
 
$
58,656

 
$
742

 
$

 
$
59,398

Other
 

 

 
54

 
54

 
 
58,656

 
742

 
54

 
59,452

Expenses:
 
 

 
 

 
 

 
 

Lease operating
 
11,230

 
434

 

 
11,664

Production taxes
 
5,042

 

 

 
5,042

Depreciation, depletion and amortization
 
16,481

 
272

 
124

 
16,877

General and administrative
 
1,017

 
404

 
4,519

 
5,940

Net interest
 
278

 
12

 
1,100

 
1,390

Amortization of deferred financing fees
 

 

 
629

 
629

Loss on derivative contracts - Realized
 

 

 
2,090

 
2,090

Loss on derivative contracts - Unrealized
 

 

 
8,080

 
8,080

Other
 

 

 
2

 
2

Net income (loss)
 
$
24,608

 
$
(380
)
 
$
(16,490
)
 
$
7,738



 
 
Six Months Ended June 30, 2013
 
 
U.S.
 
Canada
 
Corporate
 
Total
Revenues:
 
 
 
 
 
 
 
 
Oil and gas production
 
$
41,504

 
$
1,137

 
$

 
$
42,641

Other
 

 

 
49

 
49

 
 
41,504

 
1,137

 
49

 
42,690

Expenses:
 
 

 
 

 
 

 
 

Lease operating
 
11,587

 
1,041

 

 
12,628

Production taxes
 
3,833

 
5

 

 
3,838

Depreciation, depletion and amortization
 
11,625

 
535

 
125

 
12,285

Impairment
 

 
1,977

 

 
1,977

General and administrative
 
961

 
341

 
4,025

 
5,327

Net interest
 
323

 
11

 
2,132

 
2,466

Amortization of deferred financing fees
 

 

 
676

 
676

Loss on derivative contracts - Realized
 

 

 
1,708

 
1,708

(Gain) on derivative contracts - Unrealized
 

 

 
(6,864
)
 
(6,864
)
Other
 

 

 
101

 
101

Income tax expense
 

 

 
87

 
87

Net income (loss)
 
$
13,175

 
$
(2,773
)
 
$
(1,941
)
 
$
8,461

Geographic Operating Segment and Asset Data
The following table provides the Company’s geographic asset data as of June 30, 2014 and December 31, 2013:
Segment Assets:
 
June 30,
2014
 
December 31,
2013
 
United States                                                           
 
$
277,407

 
$
213,212

 
Canada                                                           
 
1,467

 
1,640

 
Corporate                                                           
 
8,000

 
8,798

 
 
 
$
286,874

 
$
223,650