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Condensed Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Revenues        
Oil and natural gas revenues $ 99,054 $ 58,179 $ 177,986 $ 117,498
Realized (loss) gain on derivatives (2,913) 254 (4,756) 646
Unrealized (loss) gain on derivatives (5,234) 7,526 (8,342) 2,701
Total revenues 90,907 65,959 164,888 120,845
Expenses        
Production taxes and marketing 9,116 4,451 15,122 8,548
Lease operating 11,704 10,140 21,055 21,040
Depletion, depreciation and amortization 31,797 20,234 55,827 48,466
Accretion of asset retirement obligations 123 80 241 161
Full-cost ceiling impairment 0 0 0 21,229
General and administrative 8,100 4,149 15,319 8,751
Total expenses 60,840 39,054 107,564 108,195
Operating income 30,067 26,905 57,324 12,650
Other income (expense)        
Net loss on asset sales and inventory impairment 0 (192) 0 (192)
Interest expense (1,616) (1,609) (3,012) (2,880)
Interest and other income 409 47 447 115
Total other expense (1,207) (1,754) (2,565) (2,957)
Income before income taxes 28,860 25,151 54,759 9,693
Income tax provision        
Current 1,539 32 2,814 78
Deferred 9,095 0 17,356 0
Total income tax provision 10,634 32 20,170 78
Net income $ 18,226 $ 25,119 $ 34,589 $ 9,615
Basic        
Basic (usd per share) $ 0.27 $ 0.45 $ 0.52 $ 0.17
Diluted        
Diluted (usd per share) $ 0.26 $ 0.45 $ 0.51 $ 0.17
Basic        
Basic (shares) 68,531 55,839 67,108 55,729
Diluted        
Diluted (shares) 69,220 55,937 67,771 55,819