Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.6.0.2
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Operating revenues:      
Total operating revenues $ 200,851 $ 137,512 $ 151,862
Operating expenses:      
Lease operating expenses 38,353 27,036 22,372
Production taxes 11,870 9,793 8,973
Depreciation, depletion and amortization 71,369 69,249 56,724
General and administrative 26,317 28,347 25,109
Accretion expense 958 660 826
Write-down of oil and natural gas properties 95,788 208,435  
Rig termination fee   3,075  
Gain on sale of other property and equipment     (1,080)
Acquisition expense 3,673 27 668
Total operating expenses 248,328 346,622 113,592
Income (loss) from operations (47,477) (209,110) 38,270
Other (income) expenses:      
Interest expense, net of capitalized amounts 11,871 21,111 9,772
(Gain) loss on early extinguishment of debt 12,883   (151)
(Gain) loss on derivative contracts 20,233 (28,358) (31,736)
Other income (637) (198) (515)
Total other (income) expense 44,350 (7,445) (22,630)
Income (loss) before income taxes (91,827) (201,665) 60,900
Income tax (benefit) expense (14) 38,474 23,134
Net income (loss) (91,813) (240,139) 37,766
Preferred stock dividends (7,295) (7,895) (7,895)
Income (loss) available to common stockholders $ (99,108) $ (248,034) $ 29,871
Income (loss) per common share:      
Basic $ (0.78) $ (3.77) $ 0.67
Diluted $ (0.78) $ (3.77) $ 0.65
Shares used in computing income (loss) per common share:      
Basic 126,258 65,708 44,848
Diluted [1] 126,258 65,708 45,961
Crude Oil [Member]      
Operating revenues:      
Total operating revenues $ 177,652 $ 125,166 $ 139,374
Natural Gas And Natural Gas Liquids [Member]      
Operating revenues:      
Total operating revenues $ 23,199 $ 12,346 $ 12,488
[1] Because the Company reported a loss available to common stockholders for the years ended December 31, 2016, and 2015, no unvested stock awards were included in computing loss per share because the effect was anti-dilutive.