Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | |
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Mar. 31, 2015
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Mar. 31, 2014
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Cash flows from operating activities: | ||
Net income (loss) | $ (10,197)us-gaap_NetIncomeLoss | $ 1,863us-gaap_NetIncomeLoss |
Adjustments to reconcile net income (loss) to cash provided by operating activities: | ||
Depreciation, depletion and amortization | 18,546cpe_DepreciationDepletionAndAmortizationIncludingOtherPropertyPlantAndEquipment | 10,598cpe_DepreciationDepletionAndAmortizationIncludingOtherPropertyPlantAndEquipment |
Accretion expense | 209us-gaap_AssetRetirementObligationAccretionExpense | 228us-gaap_AssetRetirementObligationAccretionExpense |
Amortization of non-cash debt related items | 781us-gaap_AmortizationOfFinancingCosts | 119us-gaap_AmortizationOfFinancingCosts |
Amortization of deferred credit | (433)us-gaap_AmortizationOfDebtDiscountPremium | |
Deferred income tax (benefit) expense | (5,077)us-gaap_DeferredIncomeTaxExpenseBenefit | 1,341us-gaap_DeferredIncomeTaxExpenseBenefit |
Net loss on derivatives, net of settlements | 7,914us-gaap_UnrealizedGainLossOnDerivatives | 1,639us-gaap_UnrealizedGainLossOnDerivatives |
Gain on sale of other property and equipment | (1,080)us-gaap_GainLossOnSaleOfOilAndGasProperty | |
Non-cash expense related to equity share-based awards | 86us-gaap_IncreaseDecreaseInDeferredCompensation | 996us-gaap_IncreaseDecreaseInDeferredCompensation |
Change in the fair value of liability share-based awards | 3,088cpe_ChangeInFairValueOfUnvestedLiabilityShareBasedAwards | 3,483cpe_ChangeInFairValueOfUnvestedLiabilityShareBasedAwards |
Payments to settle asset retirement obligations | 258us-gaap_AssetRetirementObligationCashPaidToSettle | (26)us-gaap_AssetRetirementObligationCashPaidToSettle |
Changes in current assets and liabilities: | ||
Accounts receivable | (2,125)us-gaap_IncreaseDecreaseInAccountsReceivable | (2,928)us-gaap_IncreaseDecreaseInAccountsReceivable |
Other current assets | 452us-gaap_IncreaseDecreaseInOtherOperatingAssets | 707us-gaap_IncreaseDecreaseInOtherOperatingAssets |
Current liabilities | (355)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities | 5,155us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities |
Payments to settle vested liability share-based awards related to early retirements | (3,538)cpe_PaymentsToSettleVestedLiabilityShareBasedAwardsRelatedToEarlyRetirements | |
Payments to settle vested liability share-based awards | (3,599)cpe_PaymentsToSettleVestedLiabilityShareBasedAwards | (1,669)cpe_PaymentsToSettleVestedLiabilityShareBasedAwards |
Change in other assets, net | (319)us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet | (26)us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet |
Net cash provided by operating activities | 6,124us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations | 19,967us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations |
Cash flows from investing activities: | ||
Capital expenditures | (70,780)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment | (65,760)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment |
Proceeds from sale of mineral interest and equipment | 272us-gaap_ProceedsFromSaleOfProductiveAssets | 2,226us-gaap_ProceedsFromSaleOfProductiveAssets |
Net cash used in investing activities | (70,508)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations | (63,534)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations |
Cash flows from financing activities: | ||
Borrowings on credit facility | 60,000us-gaap_ProceedsFromLinesOfCredit | 46,000us-gaap_ProceedsFromLinesOfCredit |
Payments on credit facility | (58,000)us-gaap_RepaymentsOfLinesOfCredit | |
Payment of deferred financing costs | (12)us-gaap_PaymentsOfFinancingCosts | (1,729)us-gaap_PaymentsOfFinancingCosts |
Issuance of common stock | 65,546us-gaap_ProceedsFromIssuanceOfCommonStock | |
Payment of preferred stock dividends | (1,974)us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock | (1,974)us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock |
Net cash provided by financing activities | 65,560us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations | 42,297us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations |
Net change in cash and cash equivalents | 1,176us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | (1,270)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease |
Balance, beginning of period | 968us-gaap_CashAndCashEquivalentsAtCarryingValue | 3,012us-gaap_CashAndCashEquivalentsAtCarryingValue |
Balance, end of period | $ 2,144us-gaap_CashAndCashEquivalentsAtCarryingValue | $ 1,742us-gaap_CashAndCashEquivalentsAtCarryingValue |
X | ||||||||||
- Definition
Change in Fair Value of Unvested Liability Share-based Awards No definition available.
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X | ||||||||||
- Definition
Depreciation, Depletion and Amortization, Including Other Property, Plant, And Equipment No definition available.
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X | ||||||||||
- Definition
Payments to Settle Vested Liability Share-based Awards No definition available.
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X | ||||||||||
- Definition
Payments To Settle Vested Liability Share-Based Awards Related To Early Retirements. No definition available.
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- Details
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- Definition
Amount of noncash expense included in interest expense to amortize debt discount and premium associated with the related debt instruments. Excludes amortization of financing costs. Alternate captions include noncash interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of noncash expense included in interest expense to issue debt and obtain financing associated with the related debt instruments. Alternate captions include noncash interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- 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
Amount of cash paid during the period to settle an asset retirement obligation. Amounts paid to settle an asset retirement obligation are generally included in the operating section of the Statement of Cash Flows. 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
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the 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. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations. 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 increase (decrease) during the reporting period in the amounts payable to vendors for goods and services received and the amount of obligations and expenses incurred but not paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in amount due within one year (or one business cycle) from customers for the credit sale of goods and services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the obligation created by employee agreements whereby earned compensation will be paid in the future. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The increase (decrease) during the reporting period in other assets used in operating activities not separately disclosed in the statement of cash flows. May include changes in other current assets, other noncurrent assets, or a combination of other current and noncurrent assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The increase (decrease) during the reporting period in other assets used in operating activities less other operating liabilities used in operating activities not separately disclosed in the statement of cash flows. May include changes in other current assets and liabilities, other noncurrent assets and liabilities, or a combination of other current and noncurrent assets and liabilities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. 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
Amount of cash outflow in the form of ordinary dividends to preferred shareholders of the parent entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow for loan and debt issuance costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow from the additional capital contribution to the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow from contractual arrangement with the lender, including but not limited to, letter of credit, standby letter of credit and revolving credit arrangements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow from the sale of property, plant and equipment (capital expenditures), software, and other intangible assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash outflow for payment of an obligation from a lender, including but not limited to, letter of credit, standby letter of credit and revolving credit arrangements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net change in the difference between the fair value and the carrying value, or in the comparative fair values, of derivative instruments, including options, swaps, futures, and forward contracts, held at each balance sheet date, that was included in earnings for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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