XML 21 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Revenues        
Oil and natural gas revenues $ 58,179 $ 36,078 $ 117,498 $ 65,242
Realized gain on derivatives 254 4,713 646 7,776
Unrealized loss on derivatives 7,526 15,114 2,701 11,844
Total revenues 65,959 55,905 120,845 84,862
Expenses        
Production taxes and marketing 4,451 2,619 8,548 4,783
Lease operating 10,140 6,375 21,040 11,020
Depletion, depreciation and amortization 20,234 19,913 48,466 31,119
Accretion of asset retirement obligations 80 58 161 111
Full-cost ceiling impairment 0 33,205 21,229 33,205
General and administrative 4,149 4,093 8,751 7,882
Total expenses 39,054 66,263 108,195 88,120
Operating (loss) income 26,905 (10,358) 12,650 (3,258)
Other income (expense)        
Net loss on asset sales and inventory impairment (192) (60) (192) (60)
Interest expense (1,609) (1) (2,880) (309)
Interest and other income 47 30 115 103
Total other expense (1,754) (31) (2,957) (266)
Income (loss) before income taxes 25,151 (10,389) 9,693 (3,524)
Income tax provision (benefit)        
Current 32 0 78 0
Deferred 0 (3,713) 0 (649)
Total income tax provision (benefit) 32 (3,713) 78 (649)
Net income (loss) $ 25,119 $ (6,676) $ 9,615 $ (2,875)
Basic        
Basic (shares) 55,839 55,271 55,729 52,644
Diluted        
Diluted (shares) 55,937 55,271 55,819 52,644
Class A
       
Basic        
Basic (usd per share) $ 0.45 $ (0.12) $ 0.17 $ (0.06)
Diluted        
Diluted (usd per share) $ 0.45 $ (0.12) $ 0.17 $ (0.06)
Basic        
Basic (shares) 55,839 55,271 55,729 52,434
Diluted        
Diluted (shares) 55,937 55,271 55,819 52,434
Class B
       
Basic        
Basic (usd per share) $ 0.00 $ 0.00 $ 0.00 $ 0.07
Diluted        
Diluted (usd per share) $ 0.00 $ 0.00 $ 0.00 $ 0.07
Basic        
Basic (shares) 0 0 0 210
Diluted        
Diluted (shares) 0 0 0 210