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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Revenues    
Crude oil $ 63,058 $ 58,723
Natural gas liquids (NGLs) 7,127 9,071
Natural gas 12,039 14,886
(Loss) gain on sales of property and equipment, net (549) 756
Other 1,523 975
Total revenues 83,198 84,411
Operating expenses    
Lease operating 7,805 9,143
Gathering, processing and transportation 3,579 4,154
Production and ad valorem taxes 5,959 3,580
General and administrative 10,943 12,141
Exploration 6,295 7,998
Depreciation, depletion and amortization 51,576 50,817
Total operating expenses 86,157 87,833
Operating loss (2,959) (3,422)
Other income (expense)    
Interest expense (14,479) (14,774)
Derivatives (7,761) (305)
Other 27 1
Loss from operations before income taxes (25,172) (18,500)
Income tax benefit 8,789 6,601
Net loss (16,383) (11,899)
Preferred stock dividends (1,725) 0
Loss attributable to common shareholders - Basic and Diluted $ (18,108) $ (11,899)
Loss per share:    
Basic (in dollars per share) $ (0.33) $ (0.26)
Diluted (in dollars per share) $ (0.33) $ (0.26)
Weighted average shares outstanding - basic 55,341 45,945
Weighted average shares outstanding - diluted 55,341 45,945