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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, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Revenues        
Crude oil $ 86,867 $ 58,382 $ 149,925 $ 117,105
Natural gas liquids (NGLs) 7,313 7,556 14,440 16,627
Natural gas 15,554 10,303 27,593 25,189
(Loss) gain on sales of property and equipment, net 256 78 (293) 834
Other (335) 526 1,188 1,501
Total revenues 109,655 76,845 192,853 161,256
Operating expenses        
Lease operating 8,629 9,264 16,434 18,407
Gathering, processing and transportation 2,980 4,391 6,559 8,545
Production and ad valorem taxes 6,976 (254) 12,935 3,326
General and administrative 15,656 11,747 26,599 23,888
Exploration 7,845 9,384 14,140 17,382
Depreciation, depletion and amortization 64,329 51,740 115,905 102,557
Impairments 0 28,616 0 28,616
Total operating expenses 106,415 114,888 192,572 202,721
Operating income (loss) 3,240 (38,043) 281 (41,465)
Other income (expense)        
Interest expense (21,808) (15,084) (36,287) (29,858)
Gains (Losses) on Extinguishment of Debt (29,157) 0 (29,157) 0
Derivatives 8,588 43,826 827 43,521
Other 17 28 44 29
Loss from operations before income taxes (39,120) (9,273) (64,292) (27,773)
Income tax benefit 13,682 3,635 22,471 10,236
Net loss (25,438) (5,638) (41,821) (17,537)
Preferred stock dividends (1,725) 0 (3,450) 0
Loss attributable to common shareholders - Basic and Diluted $ (27,163) $ (5,638) $ (45,271) $ (17,537)
Loss per share:        
Basic (in dollars per share) $ (0.43) $ (0.12) $ (0.77) $ (0.38)
Diluted (in dollars per share) $ (0.43) $ (0.12) $ (0.77) $ (0.38)
Weighted average shares outstanding - basic 62,899 46,030 59,141 45,988
Weighted average shares outstanding - diluted 62,899 46,030 59,141 45,988