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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Operating revenues    
Oil and gas sales $ 32,879 $ 30,819
Transportation revenue 1,323  
Total revenues 34,202 30,819
Operating expenses    
Lease operating expense and taxes 9,502 9,796
Depreciation, depletion and amortization 10,354 11,570
Transportation expenses 565  
General and administrative 3,966 4,317
Total operating expenses 24,387 25,683
Income from operations 9,815 5,136
Other income (expense)    
Interest and other income 134 15
Interest expense (754) (750)
Loss on derivative financial instruments (993) (1,565)
Total other expense (1,613) (2,300)
Income before taxes 8,202 2,836
Deferred income tax expense (benefit) (8) 7
Net income 8,210 2,829
Less dividends on preferred shares 3 3
Net income applicable to common stockholders $ 8,207 $ 2,826
Earnings per share - Basic (in dollars per share) $ 0.11 $ 0.04
Earnings per share - Diluted (in dollars per share) $ 0.11 $ 0.04
Weighted average common shares outstanding - Basic (in shares) 73,104,129 71,991,863
Weighted average common shares outstanding - Diluted (in shares) 73,215,840 72,685,439