Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations

v3.5.0.2
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Operating revenues:        
Total operating revenues $ 45,145 $ 39,242 $ 75,843 $ 69,633
Operating expenses:        
Lease operating expenses 7,311 6,575 14,268 13,534
Production taxes 2,455 2,952 4,675 5,217
Depreciation, depletion and amortization 16,293 17,587 32,015 35,691
General and administrative 6,302 5,763 11,864 17,865
Accretion expense 395 134 575 343
Write-down of oil and natural gas properties 61,012   95,788  
Rig termination fee       3,641
Acquisition expense 1,906   1,954  
Total operating expenses 95,674 33,011 161,139 76,291
Income (loss) from operations (50,529) 6,231 (85,296) (6,658)
Other (income) expense:        
Interest expense, net of capitalized amounts 4,180 5,106 9,671 9,964
Loss on derivative contracts 15,484 8,249 16,416 5,820
Other income, net (96) (41) (177) (85)
Total other expense 19,568 13,314 25,910 15,699
Loss before income taxes (70,097) (7,083) (111,206) (22,357)
Income tax benefit   (2,116)   (7,193)
Net loss (70,097) (4,967) (111,206) (15,164)
Preferred stock dividends (1,823) (1,973) (3,647) (3,947)
Loss available to common stockholders $ (71,920) $ (6,940) $ (114,853) $ (19,111)
Loss per common share:        
Basic $ (0.61) $ (0.11) $ (1.14) $ (0.31)
Diluted $ (0.61) $ (0.11) $ (1.14) $ (0.31)
Shares used in computing loss per common share:        
Basic 118,209 66,038 100,895 61,759
Diluted 118,209 66,038 100,895 61,759
Crude Oil [Member]        
Operating revenues:        
Total operating revenues $ 40,555 $ 36,093 $ 67,998 $ 64,002
Natural Gas And Natural Gas Liquids [Member]        
Operating revenues:        
Total operating revenues $ 4,590 $ 3,149 $ 7,845 $ 5,631