| Summarized Quarterly Financial Information (unaudited) |
Note 15 – Summarized Quarterly Financial Information (Unaudited)
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2016
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First Quarter
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Second Quarter
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Third Quarter
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Fourth Quarter
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Total revenues
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$
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30,698
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$
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45,145
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$
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55,927
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$
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69,081
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Income (loss) from operations (a)
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(34,767)
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(50,529)
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16,651
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21,168
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Net income (loss) (a)
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(41,109)
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(70,097)
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21,139
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(1,746)
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Income (loss) available to common shares
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(42,933)
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(71,920)
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19,315
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(3,570)
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Income (loss) per common share - basic
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$
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(0.51)
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$
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(0.61)
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$
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0.14
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$
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(0.02)
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Income (loss) per common share - diluted
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$
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(0.51)
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$
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(0.61)
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$
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0.14
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$
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(0.02)
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(a)
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Loss from operations and net loss for the three months ended March, 31, 2016 and June 30, 2016 included write-downs of oil and natural gas properties of $34,776 and $61,012, respectively.
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2015
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First Quarter
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Second Quarter
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Third Quarter
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Fourth Quarter
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Total revenues
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$
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30,391
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$
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39,242
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$
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34,316
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$
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33,563
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Income (loss) from operations (a)
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(12,889)
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6,231
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(83,910)
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(118,542)
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Net loss (a)
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(10,197)
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(4,967)
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(111,805)
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(113,170)
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Loss available to common shares
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(12,171)
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(6,940)
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(113,779)
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(115,144)
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Loss per common share - basic
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$
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(0.21)
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$
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(0.11)
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$
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(1.72)
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$
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(1.58)
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Loss per common share - diluted
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$
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(0.21)
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$
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(0.11)
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$
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(1.72)
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$
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(1.58)
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(a)
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Loss from operations and net loss for the three months ended September 30, 2015 and December 31, 2015 included write-downs of oil and natural gas properties of $87,301 and $121,134, respectively.
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