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Consolidated Statements of Operations (unaudited) - USD ($)
shares in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues:        
Oil and gas sales $ 24,251,000 $ 15,824,000 $ 45,023,000 $ 33,144,000
Expenses:        
Lease operating expenses 7,113,000 6,864,000 14,189,000 15,041,000
Production taxes 570,000 (48,000) 878,000 290,000
Depreciation, depletion and amortization 6,841,000 7,193,000 12,958,000 17,331,000
Ceiling test write-down 0 12,782,000 0 31,639,000
General and administrative 4,314,000 3,871,000 7,467,000 12,470,000
Accretion of asset retirement obligation 553,000 618,000 1,100,000 1,226,000
Interest expense 7,147,000 6,503,000 14,405,000 14,760,000
Expenses 26,538,000 37,783,000 50,997,000 92,757,000
Other income:        
Other income (expense) (2,000) (424,000) 52,000 (327,000)
Loss from operations (2,289,000) (22,383,000) (5,922,000) (59,940,000)
Income tax (benefit) expense (189,000) 475,000 (189,000) 561,000
Net loss (2,100,000) (22,858,000) (5,733,000) (60,501,000)
Preferred stock dividend 1,285,000 1,285,000 2,570,000 2,779,000
Loss available to common stockholders $ (3,385,000) $ (24,143,000) $ (8,303,000) $ (63,280,000)
Basic        
Net income (loss) per share (in usd per share) $ (0.16) $ (1.38) $ (0.39) $ (3.67)
Diluted        
Net income (loss) per share (in usd per share) $ (0.16) $ (1.38) $ (0.39) $ (3.67)
Weighted average number of common shares:        
Basic (shares) 21,215 17,539 21,212 17,248
Diluted (shares) 21,215 17,539 21,212 17,248