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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, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Revenues        
Crude oil $ 118,716 $ 100,564 $ 336,382 $ 250,489
Natural gas liquids (NGLs) 9,790 8,212 27,200 22,652
Natural gas 13,354 12,872 47,859 40,465
Gain (Loss) on Disposition of Property Plant Equipment 63,520 (186) 120,295 (479)
Other, net 16 151 2,886 1,339
Total revenues 205,396 121,613 534,622 314,466
Operating expenses        
Lease operating 15,296 8,457 38,103 24,891
Gathering, processing and transportation 4,893 3,039 11,380 9,598
Production and ad valorem taxes 7,690 6,597 22,505 19,532
General and administrative 11,527 12,677 43,055 39,276
Exploration 1,986 3,957 13,995 18,097
Depreciation, depletion and amortization 71,999 62,450 215,623 178,355
Asset Impairment Charges 6,084 132,224 123,992 132,224
Total operating expenses 119,475 229,401 468,653 421,973
Operating income (loss) 85,921 (107,788) 65,969 (107,507)
Other income (expense)        
Interest expense (21,953) (20,218) (67,716) (56,505)
Gains (Losses) on Extinguishment of Debt 0 0 0 (29,157)
Derivatives 66,457 (24,035) 8,130 (23,208)
Other 1,349 35 1,380 79
Income (loss) before income taxes 131,774 (152,006) 7,763 (216,298)
Income tax (expense) benefit (42,113) 53,106 339 75,577
Net income (loss) 89,661 (98,900) 8,102 (140,721)
Preferred stock dividends (7,641) [1] (1,725) [1] (11,081) [1] (5,175) [1]
Preferred Stock Conversions, Inducements (888) 0 (4,256) 0
Net income (loss) attributable to common shareholders $ 81,132 $ (100,625) $ (7,235) $ (145,896)
Net income (loss) per share:        
Basic (in dollars per share) $ 1.13 $ (1.54) $ (0.11) $ (2.38)
Diluted (in dollars per share) $ 0.87 $ (1.54) $ (0.11) $ (2.38)
Weighted average shares outstanding – basic 71,536 65,465 67,909 61,272
Weighted average shares outstanding – diluted 103,606 65,465 67,909 61,272
[1] Preferred stock dividends and payments to induce the conversion of preferred stock were excluded from diluted earnings per share for the nine months ended September 30, 2014 and the three and nine months ended September 30, 2013 as the assumed conversion of the outstanding preferred stock would have been anti-dilutive.