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Acquisitions (Tables)
 12 Months Ended
Dec. 31, 2014
Business Combinations [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
The following table summarizes the acquisition date fair values of the net assets acquired (in thousands):
Oil and gas properties
 
$
192,067

Unevaluated oil and gas properties
 
12,033

Asset retirement obligations
 
(15,319
)
Net assets acquired
 
$
188,781
Summary pro forma statement of operations
The following unaudited summary pro forma financial information for the twelve month periods ended December 31, 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 unaudited 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 are presented in thousands, except per share amounts.
 
Twelve Months Ended December 31,
 
2013
 
2012
 
 
 
 
Revenues
$
215,666

 
$
187,104

Income (Loss) from Operations
19,858

 
(135,406
)
Net Income (Loss) available to common stockholders
14,399

 
(142,181
)
 
 
 
 
Basic Earnings (loss) per Share
$
0.22

 
$
(2.28
)
Diluted Earnings (loss) per Share
$
0.22

 
$
(2.28
)