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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Operating revenues        
Oil and gas sales $ 25,087 $ 33,572 $ 49,677 $ 66,451
Transportation revenue 1,130 1,422 2,318 2,745
Total revenues 26,217 34,994 51,995 69,196
Operating expenses        
Lease operating expenses and taxes 12,870 9,208 25,378 18,710
Depreciation, depletion and amortization 19,240 10,535 36,432 20,889
Impairment 83,506   174,881  
Transportation expenses 409 551 987 1,116
General and administrative 3,788 3,867 8,807 7,833
Total operating expenses 119,813 24,161 246,485 48,548
Income (loss) from operations (93,596) 10,833 (194,490) 20,648
Other income (expense)        
Interest and other income 4,104 2,228 4,121 2,362
Gain on debt extinguishment 14,407   14,407  
Interest expense (6,735) (645) (11,968) (1,399)
Loss on contingent consideration (140)   (270)  
Gain (loss) on derivative financial instruments (3,300) (1,668) 661 (2,661)
Total other income (expense) 8,336 (85) 6,951 (1,698)
Income (loss) before taxes (85,260) 10,748 (187,539) 18,950
Deferred income tax expense (benefit) 16 (6) 8 (14)
Net income (loss) (85,276) 10,754 (187,547) 18,964
Less dividends and accretion on preferred shares 2 2 5 5
Net income (loss) applicable to common stockholders $ (85,278) $ 10,752 $ (187,552) $ 18,959
Earnings (loss) per share-Basic (in dollars per share) $ (1.05) $ 0.15 $ (2.31) $ 0.26
Earnings (loss) per share-Diluted (in dollars per share) $ (1.05) $ 0.15 $ (2.31) $ 0.26
Weighted average common shares outstanding-Basic (in shares) 81,202,007 73,651,858 81,036,508 73,379,507
Weighted average common shares outstanding-Diluted (in shares) 81,202,007 73,904,104 81,036,508 73,558,350