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 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Operating revenues:        
Total operating revenues $ 55,927 $ 34,316 $ 131,770 $ 103,949
Operating expenses:        
Lease operating expenses 9,961 7,194 24,229 20,728
Production taxes 3,478 2,583 8,153 7,800
Depreciation, depletion and amortization 17,303 16,704 49,318 52,395
General and administrative 7,891 4,302 19,755 22,167
Accretion expense 187 142 762 485
Write-down of oil and natural gas properties   87,301 95,788 87,301
Rig termination fee       3,641
Acquisition expense 456   2,410  
Total operating expenses 39,276 118,226 200,415 194,517
Income (loss) from operations 16,651 (83,910) (68,645) (90,568)
Other (income) expense:        
Interest expense, net of capitalized amounts 831 5,603 10,502 15,567
(Gain) loss on derivative contracts (5,135) (23,283) 11,281 (17,463)
Other income, net (122) (92) (299) (177)
Total other (income) expense (4,426) (17,772) 21,484 (2,073)
Income (loss) before income taxes 21,077 (66,138) (90,129) (88,495)
Income tax (benefit) expense (62) 45,667 (62) 38,474
Net income (loss) 21,139 (111,805) (90,067) (126,969)
Preferred stock dividends (1,824) (1,974) (5,471) (5,921)
Income (loss) available to common stockholders $ 19,315 $ (113,779) $ (95,538) $ (132,890)
Income (loss) per common share:        
Basic $ 0.14 $ (1.72) $ (0.85) $ (2.10)
Diluted $ 0.14 $ (1.72) $ (0.85) $ (2.10)
Shares used in computing income (loss) per common share:        
Basic 136,983 66,277 112,925 63,265
Diluted 137,483 66,277 112,925 63,265
Crude Oil [Member]        
Operating revenues:        
Total operating revenues $ 49,095 $ 30,582 $ 117,093 $ 94,584
Natural Gas And Natural Gas Liquids [Member]        
Operating revenues:        
Total operating revenues $ 6,832 $ 3,734 $ 14,677 $ 9,365