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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, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Revenue:        
Oil and gas production revenues $ 33,548 $ 21,478 $ 59,398 $ 42,641
Other 11 16 54 49
Total revenue 33,559 21,494 59,452 42,690
Operating costs and expenses:        
Lease operating expenses 5,772 6,166 11,664 12,628
Production taxes 2,838 1,911 5,042 3,838
Depreciation, depletion, and amortization 9,242 5,776 16,877 12,285
Asset Impairment Charges 0 1,977 0 1,977
General and administrative (including stock-based compensation of $1,029, $669, $1,468 and $1,142, respectively) 3,117 2,797 5,940 5,327
Operating costs and expenses 20,969 18,627 39,523 36,055
Operating income 12,590 2,867 19,929 6,635
Other (income) expense:        
Interest income (1) 0 (1) (1)
Interest expense 783 1,259 1,391 2,467
Amortization of deferred financing fees 280 343 629 676
Loss on derivative contracts - Realized 1,356 783 2,090 1,708
Loss (gain) on derivative contracts - Unrealized 7,136 (7,485) 8,080 (6,864)
Other 2 14 2 101
Total other (income) expense 9,556 (5,086) 12,191 (1,913)
Net income before income tax 3,034 7,953 7,738 8,548
Income tax expense 0 87 0 87
Net income $ 3,034 $ 7,866 $ 7,738 $ 8,461
Net income (loss) per common share - basic (in dollars per share) $ 0.03 $ 0.09 $ 0.08 $ 0.09
Net income (loss) per common share - diluted (in dollars per share) $ 0.03 $ 0.08 $ 0.08 $ 0.09
Weighted average shares outstanding - basic (shares) 93,448 92,351 93,009 92,323
Weighted average shares outstanding - diluted (shares) 97,322 93,361 95,844 93,311