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Condensed Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Revenue:        
Oil and gas production revenues $ 44,196 $ 29,092 $ 103,594 $ 71,733
Other 9 3 63 52
Total revenue 44,205 29,095 103,657 71,785
Operating costs and expenses:        
Lease operating expenses 7,338 5,469 19,002 18,097
Production taxes 3,825 2,637 8,867 6,475
Depreciation, depletion, and amortization 13,940 7,260 30,817 19,545
Impairment 0 158 0 2,135
General and administrative (including stock-based compensation of $582, $520, $2,050 and $1,662, respectively) 2,452 2,410 8,392 7,737
Operating costs and expenses 27,555 17,934 67,078 53,989
Operating income 16,650 11,161 36,579 17,796
Other (income) expense:        
Interest income 0 (1) (1) (2)
Interest expense 554 1,110 1,945 3,577
Amortization of deferred financing fees 150 344 779 1,020
Loss on derivative contracts - Realized 534 2,124 2,624 3,832
(Gain) loss on derivative contracts - Unrealized (9,979) 4,490 (1,899) (2,374)
Other (8) (96) (6) 5
Total other (income) expense (8,749) 7,971 3,442 6,058
Net income before income tax 25,399 3,190 33,137 11,738
Income tax expense 0 0 0 87
Net income $ 25,399 $ 3,190 $ 33,137 $ 11,651
Net income (loss) per common share - basic (in dollars per share) $ 0.24 $ 0.03 $ 0.34 $ 0.13
Net income (loss) per common share - diluted (in dollars per share) $ 0.24 $ 0.03 $ 0.33 $ 0.12
Weighted average shares outstanding - basic (shares) 104,408 92,475 96,742 92,435
Weighted average shares outstanding - diluted (shares) 107,671 93,542 99,531 93,375