Quarterly report pursuant to Section 13 or 15(d)

Acquisitions (Tables)

v3.5.0.2
Acquisitions (Tables)
9 Months Ended
Sep. 30, 2016
Howard County, Texas [Member] | Big Star Transaction [Member]  
Fair Value of Net Assets Acquired



 

 

 

Evaluated oil and natural gas properties

 

$

96,194 

Unevaluated oil and natural gas properties

 

 

233,387 

Asset retirement obligations

 

 

(8)

   Net assets acquired

 

$

329,573 



Unaudited Summary Pro Forma Financial Information



 

 

 

 

 

 

 

 

 

 

 

 



 

Three Months Ended September 30,

 

Nine Months Ended September 30,



 

2016

 

2015

 

2016

 

2015

Revenues

 

$

55,927 

 

$

41,501 

 

$

140,937 

 

$

119,561 

Income from operations

 

 

16,651 

 

 

(17,644)

 

 

(68,753)

 

 

(25,339)

Income available to common stockholders

 

 

19,315 

 

 

(43,720)

 

 

(88,886)

 

 

(55,896)



 

 

 

 

 

 

 

 

 

 

 

 

Net income per common share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.14 

 

$

(0.43)

 

$

(0.79)

 

$

(0.57)

Diluted

 

$

0.14 

 

$

(0.43)

 

$

(0.79)

 

$

(0.57)



Western Reagan County, Texas [Member] | AMI Transaction [Member]  
Fair Value of Net Assets Acquired



 

 

 

Evaluated oil and natural gas properties

 

$

15,951 

Unevaluated oil and natural gas properties

 

 

17,069 

Asset retirement obligations

 

 

(8)

   Net assets acquired

 

$

33,012 



Casselman-Bohannon Fields [Member] | January 18, 2016 Acquisitions [Member]  
Fair Value of Net Assets Acquired



 

 

 

Evaluated oil and natural gas properties

 

$

5,527 

Unevaluated oil and natural gas properties

 

 

4,656 

   Net assets acquired

 

$

10,183 



Casselman-Bohannon Fields [Member] | August 3, 2016 Acquisitions [Member]  
Fair Value of Net Assets Acquired



 

 

 

Evaluated oil and natural gas properties

 

$

6,492 

Unevaluated oil and natural gas properties

 

 

6,508 

   Net assets acquired

 

$

13,000