Consolidated Statements Of Operations - USD ($)
$ in Thousands |
12 Months Ended |
Dec. 31, 2015 |
Dec. 31, 2014 |
Dec. 31, 2013 |
| REVENUES: |
|
|
|
| Oil and condensate |
$ 58,668
|
$ 82,820
|
$ 36,480
|
| Natural gas |
16,901
|
47,647
|
40,416
|
| NGLs |
7,136
|
21,382
|
15,611
|
| Total oil and condensate, natural gas and NGLs revenues |
82,705
|
151,849
|
92,507
|
| Gain (loss) on commodity derivatives contracts |
24,589
|
19,569
|
(4,752)
|
| Total revenues |
107,294
|
171,418
|
87,755
|
| EXPENSES: |
|
|
|
| Production taxes |
2,877
|
6,733
|
4,651
|
| Lease operating expenses |
23,728
|
19,323
|
9,456
|
| Transportation, treating and gathering |
2,187
|
3,679
|
4,006
|
| Depreciation, depletion and amortization |
62,887
|
46,180
|
32,449
|
| Impairment of natural gas and oil properties |
426,878
|
0
|
0
|
| Accretion of asset retirement obligation |
502
|
506
|
468
|
| General and administrative expense |
17,069
|
16,485
|
16,961
|
| Litigation settlement expense |
0
|
0
|
1,000
|
| Total expenses |
536,128
|
92,906
|
68,991
|
| INCOME (LOSS) FROM OPERATIONS |
(428,834)
|
78,512
|
18,764
|
| OTHER INCOME (EXPENSE): |
|
|
|
| Gain on acquisition of assets at fair value, net of income taxes |
0
|
0
|
27,670
|
| Interest expense |
(30,686)
|
(27,571)
|
(13,168)
|
| Investment and other income |
13
|
19
|
48
|
| Foreign transaction loss |
0
|
(7)
|
(14)
|
| INCOME (LOSS) BEFORE PROVISION FOR INCOME TAXES |
(459,507)
|
50,953
|
33,300
|
| Income tax benefit |
0
|
0
|
(16,042)
|
| NET INCOME (LOSS) |
(459,507)
|
50,953
|
49,342
|
| Dividends on preferred stock |
(14,473)
|
(14,424)
|
(9,378)
|
| NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS |
$ (473,980)
|
$ 36,529
|
$ 39,964
|
| NET INCOME (LOSS) PER SHARE OF COMMON STOCK ATTRIBUTABLE TO COMMON STOCKHOLDERS: |
|
|
|
| Basic (in dollars per share) |
$ (6.11)
|
$ 0.58
|
$ 0.66
|
| Diluted (in dollars per share) |
$ (6.11)
|
$ 0.55
|
$ 0.63
|
| WEIGHTED AVERAGE SHARES OF COMMON STOCK OUTSTANDING: |
|
|
|
| Basic (shares) |
77,511,677
|
63,270,733
|
60,220,115
|
| Diluted (shares) |
77,511,677
|
66,492,589
|
63,618,401
|