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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Operating revenues        
Oil and gas sales $ 34,682 $ 31,361 $ 96,237 $ 89,893
Operating expenses        
Lease operating expense and taxes 9,257 7,084 27,384 22,761
Depreciation, depletion and amortization 10,987 13,234 34,368 34,571
General and administrative 3,124 4,417 11,371 14,927
Total operating expenses 23,368 24,735 73,123 72,259
Income from operations 11,314 6,626 23,114 17,634
Other income (expense)        
Interest and other income 5,315 15 5,346 59
Interest expense (760) (853) (2,234) (2,458)
Gain (loss) on derivative financial instruments (1,205) (3,383) 491 (3,772)
Total other income (expense) 3,350 (4,221) 3,603 (6,171)
Income before taxes 14,664 2,405 26,717 11,463
Deferred income tax expense (benefit) 6 (3) 45 (14)
Net income 14,658 2,408 26,672 11,477
Less dividends and accretion on preferred shares 2 3 8 8
Net income applicable to common stockholders $ 14,656 $ 2,405 $ 26,664 $ 11,469
Earnings per share - Basic (in dollars per share) $ 0.20 $ 0.03 $ 0.37 $ 0.16
Earnings per share - Diluted (in dollars per share) $ 0.20 $ 0.03 $ 0.37 $ 0.16
Weighted average common shares outstanding - Basic (in shares) 72,424,626 71,178,903 72,235,047 71,089,212
Weighted average common shares outstanding - Diluted (in shares) 72,618,733 72,040,393 72,425,850 72,027,145