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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified |
Dec. 31, 2014
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Dec. 31, 2013
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| Current assets: | ||
| Cash and cash equivalents | $ 968us-gaap_CashAndCashEquivalentsAtCarryingValue | $ 3,012us-gaap_CashAndCashEquivalentsAtCarryingValue |
| Accounts receivable | 30,198us-gaap_AccountsReceivableNetCurrent | 20,586us-gaap_AccountsReceivableNetCurrent |
| Deferred tax asset | 3,843us-gaap_DeferredTaxAssetsLiabilitiesNetCurrent | |
| Fair value of derivatives | 27,850us-gaap_DerivativeAssetsCurrent | 60us-gaap_DerivativeAssetsCurrent |
| Other current assets | 1,441us-gaap_OtherAssetsCurrent | 2,063us-gaap_OtherAssetsCurrent |
| Total current assets | 60,457us-gaap_AssetsCurrent | 29,564us-gaap_AssetsCurrent |
| Oil and natural gas properties, full-cost accounting method: | ||
| Evaluated properties | 2,077,985us-gaap_CapitalizedCostsProvedProperties | 1,701,577us-gaap_CapitalizedCostsProvedProperties |
| Less accumulated depreciation, depletion and amortization | (1,478,355)us-gaap_CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities | (1,420,612)us-gaap_CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities |
| Net oil and natural gas properties | 599,630us-gaap_CapitalizedCostsOilAndGasProducingActivitiesNet | 280,965us-gaap_CapitalizedCostsOilAndGasProducingActivitiesNet |
| Unevaluated properties | 142,525us-gaap_CapitalizedCostsUnprovedProperties | 43,222us-gaap_CapitalizedCostsUnprovedProperties |
| Total oil and natural gas properties | 742,155cpe_OilAndGasProperties | 324,187cpe_OilAndGasProperties |
| Other property and equipment, net | 7,118us-gaap_PropertyPlantAndEquipmentOtherNet | 7,255us-gaap_PropertyPlantAndEquipmentOtherNet |
| Restricted investments | 3,810us-gaap_RestrictedInvestmentsNoncurrent | 3,806us-gaap_RestrictedInvestmentsNoncurrent |
| Deferred tax asset | 44,688us-gaap_DeferredTaxAssetsLiabilitiesNetNoncurrent | 57,765us-gaap_DeferredTaxAssetsLiabilitiesNetNoncurrent |
| Deferred financing costs | 18,200us-gaap_DeferredFinanceCostsNoncurrentNet | 1,098us-gaap_DeferredFinanceCostsNoncurrentNet |
| Other assets, net | 342us-gaap_OtherAssetsNoncurrent | 278us-gaap_OtherAssetsNoncurrent |
| Total assets | 876,770us-gaap_Assets | 423,953us-gaap_Assets |
| Current liabilities: | ||
| Accounts payable and accrued liabilities | 76,753us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent | 53,447us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent |
| Accrued interest | 5,993us-gaap_InterestPayableCurrent | 17us-gaap_InterestPayableCurrent |
| Cash-settled restricted stock unit awards | 3,856us-gaap_DeferredCompensationShareBasedArrangementsLiabilityCurrent | 4,173us-gaap_DeferredCompensationShareBasedArrangementsLiabilityCurrent |
| Asset retirement obligations | 4,747us-gaap_AssetRetirementObligationCurrent | 4,120us-gaap_AssetRetirementObligationCurrent |
| Deferred tax liability | 6,214us-gaap_DeferredTaxLiabilitiesCurrent | |
| Fair market value of derivatives | 1,249us-gaap_DerivativeLiabilitiesCurrent | 1,036us-gaap_DerivativeLiabilitiesCurrent |
| Total current liabilities | 98,812us-gaap_LiabilitiesCurrent | 62,793us-gaap_LiabilitiesCurrent |
| 13% Senior Notes: | ||
| long term debt | 335,000us-gaap_DebtInstrumentCarryingAmount | 70,481us-gaap_DebtInstrumentCarryingAmount |
| Total 13% Senior Notes | 53,748us-gaap_SeniorLongTermNotes | |
| Senior secured revolving credit facility | 35,000us-gaap_LongTermLineOfCredit | 22,000us-gaap_LongTermLineOfCredit |
| Secured second lien term loan | 300,000us-gaap_LongTermLoansFromBank | |
| Asset retirement obligations | 1,927us-gaap_AssetRetirementObligationsNoncurrent | 2,612us-gaap_AssetRetirementObligationsNoncurrent |
| Cash-settled restricted stock unit awards | 7,175us-gaap_DeferredCompensationSharebasedArrangementsLiabilityClassifiedNoncurrent | 3,409us-gaap_DeferredCompensationSharebasedArrangementsLiabilityClassifiedNoncurrent |
| Other long-term liabilities | 121us-gaap_OtherLiabilitiesNoncurrent | 297us-gaap_OtherLiabilitiesNoncurrent |
| Total liabilities | 443,035us-gaap_Liabilities | 144,859us-gaap_Liabilities |
| Stockholders' equity: | ||
| Preferred stock, series A cumulative, $0.01 par value and $50.00 liquidation preference, 2,500,000 shares authorized: 1,578,948 and 1,578,948 shares outstanding, respectively | 16us-gaap_PreferredStockValue | 16us-gaap_PreferredStockValue |
| Common stock, $0.01 par value, 110,000,000 and 60,000,000 shares authorized; 55,225,288 and 40,345,456 shares outstanding, respectively | 552us-gaap_CommonStockValueOutstanding | 404us-gaap_CommonStockValueOutstanding |
| Capital in excess of par value | 526,162us-gaap_AdditionalPaidInCapitalCommonStock | 401,540us-gaap_AdditionalPaidInCapitalCommonStock |
| Accumulated deficit | (92,995)us-gaap_RetainedEarningsAccumulatedDeficit | (122,866)us-gaap_RetainedEarningsAccumulatedDeficit |
| Total stockholders' equity | 433,735us-gaap_StockholdersEquity | 279,094us-gaap_StockholdersEquity |
| Total liabilities and stockholders' equity | 876,770us-gaap_LiabilitiesAndStockholdersEquity | 423,953us-gaap_LiabilitiesAndStockholdersEquity |
| 13% Senior Notes due 2016 [Member] | ||
| 13% Senior Notes: | ||
| long term debt |
48,481us-gaap_DebtInstrumentCarryingAmount / us-gaap_DebtInstrumentAxis = cpe_Senior13PercentNotesDue2016Member |
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| Deferred credit, net of accumulated amortization of $0 and $26,239, respectively |
5,267us-gaap_DebtInstrumentUnamortizedDiscountPremiumNet / us-gaap_DebtInstrumentAxis = cpe_Senior13PercentNotesDue2016Member |
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| Senior Secured Revolving Credit Facility [Member] | ||
| 13% Senior Notes: | ||
| Senior secured revolving credit facility |
35,000us-gaap_LongTermLineOfCredit / us-gaap_DebtInstrumentAxis = cpe_SeniorSecuredRevolvingCreditFacilityMember |
22,000us-gaap_LongTermLineOfCredit / us-gaap_DebtInstrumentAxis = cpe_SeniorSecuredRevolvingCreditFacilityMember |
| Secured second lien term loan [Member] | ||
| 13% Senior Notes: | ||
| long term debt |
$ 300,000us-gaap_DebtInstrumentCarryingAmount / us-gaap_DebtInstrumentAxis = cpe_SecondLienTermLoanFacilityMember |
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- Definition
Total oil and gas properties. No definition available.
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- Definition
Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Value received from shareholders in common stock-related transactions that are in excess of par value or stated value and amounts received from other stock-related transactions. Includes only common stock transactions (excludes preferred stock transactions). May be called contributed capital, capital in excess of par, capital surplus, or paid-in capital. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Current portion of the carrying amount of a liability for an asset retirement obligation. An asset retirement obligation is a legal obligation associated with the disposal or retirement of a tangible long-lived asset that results from the acquisition, construction or development, or the normal operations of a long-lived asset, except for certain obligations of lessees. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Noncurrent portion of the carrying amount of a liability for an asset retirement obligation. An asset retirement obligation is a legal obligation associated with the disposal or retirement of a tangible long-lived asset that results from the acquisition, construction or development, or the normal operations of a long-lived asset, except for certain obligations of lessees. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of accumulated depreciation, depletion, amortization and valuation allowance relating to oil and gas producing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Net amount of capitalized costs relating to oil and gas producing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Capitalized costs of proved properties incurred for any combination mineral interests acquisitions; wells and related equipment; support equipment and facilities; and uncompleted wells and equipment and other costs not previously disclosed within this table. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Capitalized costs of unproved properties incurred for any combination mineral interests acquisitions and other costs not previously disclosed within this table. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Value of all classes of common stock held by shareholders. May be all or portion of the number of common shares authorized. These shares exclude common shares repurchased by the entity and held as treasury shares. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of long-term debt before deduction of unamortized discount or premium. Includes, but is not limited to, notes payable, bonds payable, commercial loans, mortgage loans, convertible debt, subordinated debt and other types of debt, with initial maturities beyond one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of debt discount (net of debt premium) that was originally recognized at the issuance of the instrument that has yet to be amortized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate carrying value as of the balance sheet date of the liabilities for stock option plans and other equity-based compensation arrangements payable after one year (or the operating cycle, if longer). No definition available.
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- Definition
Aggregate carrying value as of the balance sheet date of the liabilities for stock option plans and other equity-based compensation arrangements payable within one year (or the operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Net amount of long-term deferred finance costs capitalized at the end of the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards, net of deferred tax liability attributable to taxable temporary differences expected to be realized or consumed within one year or operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards, net of deferred tax liability attributable to taxable temporary differences expected to be realized or consumed after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of deferred tax liability attributable to taxable temporary differences, net of deferred tax asset attributable to deductible temporary differences and carryforwards net of valuation allowances expected to be realized or consumed within one year or operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Fair value, after the effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset, expected to be settled within one year or normal operating cycle, if longer. Includes assets not subject to a master netting arrangement and not elected to be offset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Fair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset, expected to be settled within one year or normal operating cycle, if longer. Includes assets not subject to a master netting arrangement and not elected to be offset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying value as of the balance sheet date of [accrued] interest payable on all forms of debt, including trade payables, that has been incurred and is unpaid. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The carrying value as of the balance sheet date of the noncurrent portion of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying value as of the balance sheet date of loans from a bank with maturities initially due after one year or beyond the operating cycle if longer, excluding current portion. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate carrying amount, as of the balance sheet date, of current assets not separately disclosed in the balance sheet. Current assets are expected to be realized or consumed within one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate carrying amount, as of the balance sheet date, of noncurrent assets not separately disclosed in the balance sheet. Noncurrent assets are expected to be realized or consumed after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate carrying amount, as of the balance sheet date, of noncurrent obligations not separately disclosed in the balance sheet. Noncurrent liabilities are expected to be paid after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate par or stated value of issued nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable preferred shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net amount of capitalized assets classified as property, plant and equipment not otherwise defined in the taxonomy. No definition available.
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- Definition
This element represents the noncurrent portion of investments which are not defined as or included in marketable (debt, equity, or other) securities that are pledged or subject to withdrawal restrictions. No definition available.
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- Definition
The cumulative amount of the reporting entity's undistributed earnings or deficit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying value as of the balance sheet date of Notes with the highest claim on the assets of the issuer in case of bankruptcy or liquidation (with maturities initially due after one year or beyond the operating cycle if longer), excluding current portion. Senior note holders are paid off in full before any payments are made to junior note holders. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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