Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations

v3.4.0.3
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Operating revenues:    
Total operating revenues $ 30,698 $ 30,391
Operating expenses:    
Lease operating expenses 6,957 6,959
Production taxes 2,220 2,265
Depreciation, depletion and amortization 15,722 18,104
General and administrative 5,562 12,102
Accretion expense 180 209
Write-down of oil and natural gas properties 34,776  
Rig termination fee   3,641
Acquisition expense 48  
Total operating expenses 65,465 43,280
Loss from operations (34,767) (12,889)
Other income (expenses):    
Interest expense 5,491 4,858
Loss (gain) on derivative contracts 932 (2,429)
Other income, net (81) (44)
Total other expense 6,342 2,385
Loss before income taxes (41,109) (15,274)
Income tax benefit   (5,077)
Net loss (41,109) (10,197)
Preferred stock dividends (1,824) (1,974)
Loss available to common stockholders $ (42,933) $ (12,171)
Loss per common share:    
Basic $ (0.51) $ (0.21)
Diluted $ (0.51) $ (0.21)
Shares used in computing loss per common share:    
Basic 83,582 57,479
Diluted 83,582 57,479
Crude Oil [Member]    
Operating revenues:    
Total operating revenues $ 27,443 $ 27,909
Natural Gas And Natural Gas Liquids [Member]    
Operating revenues:    
Total operating revenues $ 3,255 $ 2,482