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Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Revenues      
Oil and natural gas revenues $ 155,998 $ 67,000 $ 34,042
Realized gain on derivatives 13,960 7,106 5,299
Unrealized (loss) gain on derivatives (4,802) 5,138 3,139
Total revenues 165,156 79,244 42,480
Expenses      
Production taxes and marketing 11,672 6,278 1,982
Lease operating 28,184 7,244 5,284
Depletion, depreciation and amortization 80,454 31,754 15,596
Accretion of asset retirement obligations 256 209 155
Full-cost ceiling impairment 63,475 35,673 0
General and administrative 14,543 13,394 9,702
Total expenses 198,584 94,552 32,719
Operating (loss) income (33,428) (15,308) 9,761
Other income (expense)      
Net loss on asset sales and inventory impairment (485) (154) (224)
Interest expense (1,002) (683) (3)
Interest and other income 224 315 364
Total other (expense) income (1,263) (522) 137
(Loss) income before income taxes (34,691) (15,830) 9,898
Income tax (benefit) provision      
Current   (46) (1,411)
Deferred (1,430) (5,475) 4,932
Total income tax (benefit) provision (1,430) (5,521) 3,521
Net (loss) income $ (33,261) $ (10,309) $ 6,377
Basic      
Basic 53,957 42,718 41,038
Diluted      
Diluted 53,957 42,718 41,134
Class A
     
Basic      
Basic $ (0.62) $ (0.25) $ 0.15
Diluted      
Diluted $ (0.62) $ (0.25) $ 0.15
Basic      
Basic 53,852 41,687 40,007
Diluted      
Diluted 53,852 41,687 40,103
Class B
     
Basic      
Basic $ (0.35) $ 0.02 $ 0.42
Diluted      
Diluted $ (0.35) $ 0.02 $ 0.42
Basic      
Basic 105 1,031 1,031
Diluted      
Diluted 105 1,031 1,031