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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, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Operating revenues        
Oil and gas sales $ 33,572 $ 30,735 $ 66,451 $ 61,554
Transportation revenue 1,422   2,745  
Total revenues 34,994 30,735 69,196 61,554
Operating expenses        
Lease operating expense and taxes 9,208 8,330 18,710 18,126
Depreciation, depletion and amortization 10,535 11,810 20,889 23,381
Transportation expense 551   1,116  
General and administrative 3,867 3,930 7,833 8,247
Total operating expenses 24,161 24,070 48,548 49,754
Income from operations 10,833 6,665 20,648 11,800
Other income (expense)        
Interest and other income 2,228 16 2,362 31
Interest expense (645) (724) (1,399) (1,474)
Gain (loss) on derivative financial instruments (1,668) 3,260 (2,661) 1,695
Total other income (expense) (85) 2,552 (1,698) 252
Income before taxes 10,748 9,217 18,950 12,052
Deferred income tax expense (benefit) (6) 32 (14) 39
Net income 10,754 9,185 18,964 12,013
Less dividends and accretion on preferred shares 2 2 5 5
Net income applicable to common stockholders $ 10,752 $ 9,183 $ 18,959 $ 12,008
Earnings per share - Basic (in dollars per share) $ 0.15 $ 0.13 $ 0.26 $ 0.17
Earnings per share - Diluted (in dollars per share) $ 0.15 $ 0.13 $ 0.26 $ 0.17
Weighted average common shares outstanding - Basic (in shares) 73,651,858 72,283,896 73,379,507 72,138,686
Weighted average common shares outstanding - Diluted (in shares) 73,904,104 72,852,877 73,558,350 72,723,453