XML 53 R2.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 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Revenues        
Crude oil $ 100,564 $ 56,995 $ 250,489 $ 174,100
Natural gas liquids (NGLs) 8,212 6,671 22,652 23,298
Natural gas 12,872 11,909 40,465 37,098
(Loss) gain on sales of property and equipment, net (186) 1,573 (479) 2,407
Other 151 551 1,339 2,052
Total revenues 121,613 77,699 314,466 238,955
Operating expenses        
Lease operating 8,457 6,206 24,891 24,613
Gathering, processing and transportation 3,039 3,127 9,598 11,672
Production and ad valorem taxes 6,597 4,589 19,532 7,915
General and administrative 12,677 11,634 39,276 35,522
Exploration 3,957 9,265 18,097 26,647
Depreciation, depletion and amortization 62,450 49,331 178,355 151,888
Impairments 132,224 700 132,224 29,316
Loss on long-term purchase commitment 0 17,332 0 17,332
Total operating expenses 229,401 102,184 421,973 304,905
Operating loss (107,788) (24,485) (107,507) (65,950)
Other income (expense)        
Interest expense (20,218) (14,979) (56,505) (44,837)
Gains (Losses) on Extinguishment of Debt 0 (3,144) (29,157) (3,144)
Derivatives (24,035) (12,271) (23,208) 31,250
Other 35 60 79 89
Loss from operations before income taxes (152,006) (54,819) (216,298) (82,592)
Income tax benefit 53,106 22,208 75,577 32,444
Net loss (98,900) (32,611) (140,721) (50,148)
Preferred stock dividends (1,725) 0 (5,175) 0
Loss attributable to common shareholders - Basic and Diluted $ (100,625) $ (32,611) $ (145,896) $ (50,148)
Net loss per share:        
Basic (in dollars per share) $ (1.54) $ (0.71) $ (2.38) $ (1.09)
Diluted (in dollars per share) $ (1.54) $ (0.71) $ (2.38) $ (1.09)
Weighted average shares outstanding - basic 65,465 46,050 61,272 46,009
Weighted average shares outstanding - diluted 65,465 46,050 61,272 46,009