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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Operating Revenues    
Oil and gas sales $ 83,734 $ 145,385
Transportation revenue 4,639 5,338
Total revenues 88,373 150,723
Operating Expenses    
Lease operating expenses and taxes 49,557 48,357
Depreciation, depletion and amortization 66,159 56,489
Impairment expense 578,323  
Transportation expenses 1,706 2,403
Acquisition expenses   4,198
General and administrative 17,703 15,271
Total operating expenses 713,448 126,718
Income (loss) from operations (625,075) 24,005
Other income (expense)    
Interest and other income 5,621 2,396
Gain on debt extinguishment 14,407  
Troubled debt restructuring expense (4,039)  
Interest expense (30,403) (9,643)
Gain on derivative financial instruments 20,083 7,445
Loss on contingent consideration (540) (190)
Total other income (expense) 5,129 8
Income (loss) before provision for income taxes (619,946) 24,013
Deferred income tax (benefit) expense 17 (17)
Net income (loss) (619,963) 24,030
Less dividends and accretion on preferred shares 10 10
Net income (loss) applicable to common stockholders $ (619,973) $ 24,020
Income (loss) per common share-Basic (in dollars per share) $ (7.55) $ 0.31
Income (loss) per common share-Diluted (in dollars per share) $ (7.55) $ 0.31
Weighted average common shares outstanding-Basic 82,128,892 76,541,400
Weighted average common shares outstanding-Diluted 82,128,892 76,685,511