XML 30 R6.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Cash flows from operating activities:    
Net income (loss) $ (102,271)us-gaap_NetIncomeLoss $ 8,210us-gaap_NetIncomeLoss
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Accretion of discount on available- for- sale debt securities (17)us-gaap_AmortizationOfDebtDiscountPremium (16)us-gaap_AmortizationOfDebtDiscountPremium
Accretion of discount on senior notes 131wres_AccretionOfDiscountOnSeniorNotes  
Amortization of deferred offering costs 515us-gaap_OtherAmortizationOfDeferredCharges 56us-gaap_OtherAmortizationOfDeferredCharges
Depreciation, depletion, amortization and impairment 108,566wres_DepreciationDepletionAmortizationAndImpairment 10,354wres_DepreciationDepletionAmortizationAndImpairment
Change in fair value of derivative financial instruments 37us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet (807)us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
Stock option expense 1,079us-gaap_StockOptionPlanExpense 532us-gaap_StockOptionPlanExpense
Deferred tax (benefit) (8)us-gaap_DeferredIncomeTaxExpenseBenefit (8)us-gaap_DeferredIncomeTaxExpenseBenefit
Change in assets and liabilities:    
Decrease (increase) in accounts receivable-trade 3,717us-gaap_IncreaseDecreaseInAccountsReceivable 8,413us-gaap_IncreaseDecreaseInAccountsReceivable
Decrease in other assets (1,439)us-gaap_IncreaseDecreaseInOtherOperatingAssets (2,228)us-gaap_IncreaseDecreaseInOtherOperatingAssets
Decrease in accounts payable and accruals (4,030)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities (8,817)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Decrease in other long-term liabilities (288)us-gaap_IncreaseDecreaseInOtherOperatingLiabilities (198)us-gaap_IncreaseDecreaseInOtherOperatingLiabilities
Net cash provided by operating activities 5,992us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations 15,491us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
Cash flows from investing activities:    
Purchase, exploration and development of oil and gas properties (22,992)wres_PaymentsToAcquireExploreAndDevelopOilAndGasProperties (10,902)wres_PaymentsToAcquireExploreAndDevelopOilAndGasProperties
Purchase of property and equipment (451)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (446)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Net cash used in investing activities (23,443)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (11,348)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
Cash flows from financing activities:    
Proceeds from Credit Facility 19,000us-gaap_ProceedsFromLinesOfCredit  
Payments on debt and debentures   (14,000)us-gaap_RepaymentsOfLongTermDebt
Payments on taxes of vested restricted stock and proceeds from the exercise of options (292)us-gaap_ProceedsFromStockOptionsExercised 71us-gaap_ProceedsFromStockOptionsExercised
Net cash provided by (used in) financing activities 18,708us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations (13,929)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
Net increase (decrease) in cash and cash equivalents 1,257us-gaap_NetCashProvidedByUsedInContinuingOperations (9,786)us-gaap_NetCashProvidedByUsedInContinuingOperations
Cash and cash equivalents at beginning of period 1,703us-gaap_CashAndCashEquivalentsAtCarryingValue 11,620us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at end of period 2,960us-gaap_CashAndCashEquivalentsAtCarryingValue 1,834us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental disclosure of cash flow information    
Cash paid for interest, net of amounts capitalized 11,432us-gaap_InterestPaid 711us-gaap_InterestPaid
Noncash investing and financing activities    
Accrued preferred stock dividend $ 3us-gaap_DividendsPayableCurrentAndNoncurrent $ 3us-gaap_DividendsPayableCurrentAndNoncurrent