XML 39 R4.htm IDEA: XBRL DOCUMENT v3.3.0.814
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Operating revenues        
Oil and gas sales $ 19,613 $ 39,175 $ 69,290 $ 105,627
Transportation revenue 1,191 1,338 3,509 4,082
Total revenues 20,804 40,513 72,799 109,709
Operating expenses        
Lease operating expenses and taxes 12,034 13,337 37,413 32,046
Depreciation, depletion and amortization 18,318 15,844 54,750 36,733
Impairment 175,744   350,625  
Acquisition Expense   4,080   4,080
Transportation expenses 256 558 1,243 1,674
General and administrative 3,994 2,898 12,800 10,731
Total operating expenses 210,346 36,717 456,831 85,264
Income (loss) from operations (189,542) 3,796 (384,032) 24,445
Other income (expense)        
Interest and other income 1,926 17 6,047 2,379
Gain on debt extinguishment     14,407  
Interest expense (8,967) (3,783) (20,935) (5,182)
Loss on contingent consideration (130)   (400)  
Gain on derivative financial instruments 10,644 3,699 11,304 1,038
Total other income (expense) 3,473 (67) 10,423 (1,765)
Income (loss) before taxes (186,069) 3,729 (373,609) 22,680
Deferred income tax expense (benefit) (8) 4   (10)
Net income (loss) (186,061) 3,725 (373,609) 22,690
Less dividends and accretion on preferred shares 2 2 7 8
Net income (loss) applicable to common stockholders $ (186,063) $ 3,723 $ (373,616) $ 22,682
Earnings (loss) per share-Basic (in dollars per share) $ (2.29) $ 0.05 $ (4.61) $ 0.30
Earnings (loss) per share-Diluted (in dollars per share) $ (2.29) $ 0.05 $ (4.61) $ 0.30
Weighted average common shares outstanding-Basic (in shares) 81,203,466 78,549,255 81,092,772 75,121,693
Weighted average common shares outstanding-Diluted (in shares) 81,203,466 78,874,219 81,092,772 75,314,166