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Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified |
3 Months Ended | |
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Mar. 31, 2015
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Mar. 31, 2014
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| Operating revenues: | ||
| Oil sales | $ 27,909cpe_OilSalesRevenue | $ 30,909cpe_OilSalesRevenue |
| Natural gas sales | 2,482cpe_GasSalesRevenue | 2,376cpe_GasSalesRevenue |
| Total operating revenues | 30,391us-gaap_OilAndGasSalesRevenue | 33,285us-gaap_OilAndGasSalesRevenue |
| Operating expenses: | ||
| Lease operating expenses | 6,959us-gaap_LeaseOperatingExpense | 4,230us-gaap_LeaseOperatingExpense |
| Production taxes | 2,265us-gaap_ProductionTaxExpense | 1,917us-gaap_ProductionTaxExpense |
| Depreciation, depletion and amortization | 18,104us-gaap_DepreciationDepletionAndAmortization | 10,538us-gaap_DepreciationDepletionAndAmortization |
| General and administrative | 12,102us-gaap_GeneralAndAdministrativeExpense | 10,807us-gaap_GeneralAndAdministrativeExpense |
| Accretion expense | 209us-gaap_AssetRetirementObligationAccretionExpense | 228us-gaap_AssetRetirementObligationAccretionExpense |
| Rig termination fee | 3,641cpe_RigTerminationFee | |
| Gain on sale of other property and equipment | (1,080)us-gaap_GainLossOnSaleOfOilAndGasProperty | |
| Total operating expenses | 43,280us-gaap_OperatingExpenses | 26,640us-gaap_OperatingExpenses |
| Income (loss) from operations | (12,889)us-gaap_OperatingIncomeLoss | 6,645us-gaap_OperatingIncomeLoss |
| Other (income) expenses: | ||
| Interest expense | 4,858us-gaap_InterestExpense | 977us-gaap_InterestExpense |
| (Gain) loss on derivative contracts | (2,429)us-gaap_GainLossOnDerivativeInstrumentsNetPretax | 2,513us-gaap_GainLossOnDerivativeInstrumentsNetPretax |
| Other income | (44)us-gaap_OtherNonoperatingIncomeExpense | (49)us-gaap_OtherNonoperatingIncomeExpense |
| Total other expenses | 2,385us-gaap_NonoperatingIncomeExpense | 3,441us-gaap_NonoperatingIncomeExpense |
| Income (loss) before income taxes | (15,274)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments | 3,204us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments |
| Income tax expense (benefit) | (5,077)us-gaap_IncomeTaxExpenseBenefit | 1,341us-gaap_IncomeTaxExpenseBenefit |
| Net income (loss) | (10,197)us-gaap_NetIncomeLoss | 1,863us-gaap_NetIncomeLoss |
| Preferred stock dividends | (1,974)us-gaap_PreferredStockDividendsIncomeStatementImpact | (1,974)us-gaap_PreferredStockDividendsIncomeStatementImpact |
| Loss available to common stockholders | $ (12,171)us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic | $ (111)us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic |
| Loss per common share: | ||
| Basic | $ (0.21)us-gaap_EarningsPerShareBasic | $ 0.00us-gaap_EarningsPerShareBasic |
| Diluted | $ (0.21)us-gaap_EarningsPerShareDiluted | $ 0.00us-gaap_EarningsPerShareDiluted |
| Shares used in computing loss per common share: | ||
| Basic | 57,479us-gaap_WeightedAverageNumberOfSharesOutstandingBasic | 40,328us-gaap_WeightedAverageNumberOfSharesOutstandingBasic |
| Diluted | 57,479us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding | 40,328us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding |
| X | ||||||||||
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- Definition
Gas sales No definition available.
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- Definition
Oil sales No definition available.
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- Definition
Rig termination fee. No definition available.
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- Definition
Amount of accretion expense recognized during the period that is associated with an asset retirement obligation. Accretion expense measures and incorporates changes due to the passage of time into the carrying amount of the liability. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate net gain (loss) on all derivative instruments recognized in earnings during the period, before tax effects. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of gain (loss) on sale or disposal of proven and unproven oil and gas properties. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Sum of operating profit and nonoperating income or expense before Income or Loss from equity method investments, income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of lease operating expense related to property used in oil and gas production. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Net income after adjustments for dividends on preferred stock (declared in the period) and/or cumulative preferred stock (accumulated for the period). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Details
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| X | ||||||||||
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- Definition
Revenue from the sale of oil and gas during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- Details
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- Definition
The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition
The net amount of other income and expense amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating income (expense) recognized for the period. Such amounts may include: (a) dividends, (b) interest on securities, (c) net gains or losses on securities, (d) unusual costs, (e) gains or losses on foreign exchange transactions, and (f) miscellaneous other income and expense items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of preferred stock dividends that is an adjustment to net income apportioned to common stockholders. No definition available.
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- Definition
A tax assessed on oil and gas production. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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