XML 60 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 12 Months Ended
Dec. 31, 2013
Sep. 30, 2013
Jun. 30, 2013
Mar. 31, 2013
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Operating Revenues                      
Oil and gas sales $ 32,608 $ 34,682 $ 30,735 $ 30,819 $ 31,904 $ 31,361 $ 30,178 $ 28,354 $ 127,925 $ 121,797 $ 103,371
Transportation revenue                 919    
Total revenues                 128,844 121,797 103,371
Operating Expenses                      
Lease operating expenses                 36,779 33,072 30,637
Depreciation, depletion and amortization                 44,806 47,172 30,517
Transportation expenses                 311    
General and administrative                 15,389 19,844 14,819
Total operating expenses                 97,285 100,088 75,973
Income from operations                 31,559 21,709 27,398
Other income (expense)                      
Interest and other income                 5,362 90 77
Interest expense                 (2,995) (3,311) (3,188)
Gain (loss) on derivative financial instruments                 (3,477) (2,975) (2,726)
Net other expense                 (1,110) (6,196) (5,837)
Income before provision for income taxes                 30,449 15,513 21,561
Deferred income tax expense (benefit)                 64 (7) (78)
Net income 3,713 14,658 9,185 2,829 4,042 2,408 5,259 3,811 30,385 15,520 21,639
Less dividends and accretion on preferred shares                 10 10 10
Net income applicable to common stockholders $ 3,710 $ 14,656 $ 9,183 $ 2,826 $ 4,040 $ 2,405 $ 5,257 $ 3,808 $ 30,375 $ 15,510 $ 21,629
Income per common share-Basic (in dollars per share) $ 0.05 $ 0.20 $ 0.13 $ 0.04 $ 0.06 $ 0.03 $ 0.07 $ 0.05 $ 0.42 $ 0.22 $ 0.31
Income per common share-Diluted (in dollars per share) $ 0.05 $ 0.20 $ 0.13 $ 0.04 $ 0.06 $ 0.03 $ 0.07 $ 0.05 $ 0.42 $ 0.22 $ 0.30
Weighted average common shares outstanding-Basic (in shares)                 72,390,584 71,376,046 70,830,855
Weighted average common shares outstanding-Diluted (in shares)                 72,546,209 72,096,672 72,047,488