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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Operating revenues        
Oil and gas sales $ 30,735 $ 30,178 $ 61,554 $ 58,532
Operating expenses        
Lease operating expense and taxes 8,330 7,177 18,126 15,677
Depreciation, depletion and amortization 11,810 11,232 23,381 21,337
General and administrative 3,930 6,217 8,247 10,510
Total operating expenses 24,070 24,626 49,754 47,524
Income from operations 6,665 5,552 11,800 11,008
Other income (expense)        
Interest and other income 16 20 31 45
Interest expense (724) (830) (1,474) (1,605)
Gain (loss) on derivative financial instruments 3,260 489 1,695 (389)
Total other income (expense) 2,552 (321) 252 (1,949)
Income before taxes 9,217 5,231 12,052 9,059
Deferred income tax expense (benefit) 32 (28) 39 (11)
Net income 9,185 5,259 12,013 9,070
Less dividends and accretion on preferred shares 2 2 5 5
Net income applicable to common stockholders $ 9,183 $ 5,257 $ 12,008 $ 9,065
Earnings per share - Basic (in dollars per share) $ 0.13 $ 0.07 $ 0.17 $ 0.13
Earnings per share - Diluted (in dollars per share) $ 0.13 $ 0.07 $ 0.17 $ 0.13
Weighted average common shares outstanding - Basic (in shares) 72,283,896 71,062,658 72,138,686 71,043,874
Weighted average common shares outstanding - Diluted (in shares) 72,852,877 71,958,314 72,723,453 72,094,323