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Acquisition (Tables)
 9 Months Ended
Sep. 30, 2013
Business Combinations [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
The following table summarizes the estimated acquisition date fair values of the net assets acquired (in thousands):
Oil and gas properties
 
$
191,466

Unevaluated oil and gas properties
 
12,033

Asset retirement obligations
 
(15,319
)
Net assets to be acquired
 
$
188,180
Summary pro forma statement of operations
The following unaudited summary pro forma statement of operations for the three and nine month periods ended September 30, 2013 and 2012 has been prepared to give effect to the Gulf of Mexico Acquisition as if it had occurred on January 1, 2012. The pro forma financial information is not necessarily indicative of the results that might have occurred had the transaction taken place on January 1, 2012 and is not intended to be a projection of future results. Future results may vary significantly from the results reflected in the following pro forma financial information because of normal production declines, changes in commodity prices, future acquisitions and divestitures, future development and exploration activities and other factors. Amounts in millions, except per share amounts.
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2013
 
2012
 
2013
 
2012
 
 
 
 
 
 
 
 
Revenues
$
55,587

 
$
46,384

 
$
162,494

 
$
132,303

Income (Loss) from Operations
4,318

 
(38,178
)
 
15,487

 
(121,955
)
Net Income (Loss) available to common stockholders
3,014

 
(40,898
)
 
12,107

 
(127,306
)
 
 
 
 
 
 
 
 
Basic Earnings per Share
$
0.05

 
$
(0.65
)
 
$
0.19

 
$
(2.04
)
Diluted Earnings per Share
$
0.05

 
$
(0.65
)
 
$
0.19

 
$
(2.04
)