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Condensed Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Revenues        
Oil and natural gas revenues $ 81,868 $ 38,008 $ 199,367 $ 103,250
Realized gain on derivatives (1,165) 3,371 (519) 11,147
Unrealized loss on derivatives (9,327) (12,993) (6,626) (1,149)
Total revenues 71,376 28,386 192,222 113,248
Expenses        
Production taxes and marketing 6,559 2,822 15,107 7,605
Lease operating 8,569 6,491 29,608 17,511
Depletion, depreciation and amortization 26,127 21,680 74,593 52,799
Accretion of asset retirement obligations 86 59 248 170
Full-cost ceiling impairment 0 3,596 21,229 36,801
General and administrative 5,395 3,439 14,146 11,321
Total expenses 46,736 38,087 154,931 126,207
Operating (loss) income 24,640 (9,701) 37,291 (12,959)
Other income (expense)        
Net loss on asset sales and inventory impairment 0 0 (192) (60)
Interest expense (2,038) (144) (4,919) (453)
Interest and other income 66 55 181 157
Total other expense (1,972) (89) (4,930) (356)
Income (loss) before income taxes 22,668 (9,790) 32,361 (13,315)
Income tax provision (benefit)        
Current 902 188 980 188
Deferred 1,661 (781) 1,661 (1,430)
Total income tax provision (benefit) 2,563 (593) 2,641 (1,242)
Net income (loss) $ 20,105 $ (9,197) $ 29,720 $ (12,073)
Basic        
Basic (shares) 58,016 55,271 55,766 53,519
Diluted        
Diluted (shares) 58,152 55,271 55,889 53,519
Class A
       
Basic        
Basic (usd per share) $ 0.35 $ (0.17) $ 0.53 $ (0.23)
Diluted        
Diluted (usd per share) $ 0.35 $ (0.17) $ 0.53 $ (0.23)
Basic        
Basic (shares) 58,016 55,271 55,766 53,379
Diluted        
Diluted (shares) 58,152 55,271 55,889 53,379
Class B
       
Basic        
Basic (usd per share) $ 0.00 $ 0.00 $ 0.00 $ (0.03)
Diluted        
Diluted (usd per share) $ 0.00 $ 0.00 $ 0.00 $ (0.03)
Basic        
Basic (shares) 0 0 0 140
Diluted        
Diluted (shares) 0 0 0 140