Acquisitions and Divestitures (Tables)
 12 Months Ended
Dec. 31, 2013
Purchase Price of New Permian Acquisitions

The purchase price of the Permian Acquisitions was comprised of the following (in thousands):

 

     2013      2012  

Purchase price

    $ 258,000       $ 250,000   
  

 

 

     

 

 

  
Final Purchase Price Allocation of New Permian Properties

Accordingly, the following table presents the final purchase price allocation of the Permian Acquisitions at December 31, 2013 and 2012, based on the fair values of assets acquired and liabilities assumed (in thousands):

 

     2013     2012  

Proved oil and gas properties

    $ 93,000      $ 131,000   

Unproved oil and gas properties

      167,000        122,000   

Asset retirement obligations assumed

      (2,000 )      (3,000 ) 
  

 

 

    

 

 

  

Total purchase price

    $ 258,000      $ 250,000   
  

 

 

    

 

 

  
Unaudited Pro Forma Financial Information

The unaudited pro forma financial information for the years ended December 31, 2013 and 2012 combine the historical results of the Permian Acquisitions and Resolute (in thousands, except per share amounts):

 

     2013     2012  

Revenue

    $ 360,837      $ 362,355   

Revenue in excess of operating expenses

      215,273        218,815   

Net income (loss)

      (111,243 )      30,381   

Basic net income (loss) per share

    $ (1.63 )    $ 0.51   

Diluted net income (loss) per share

    $ (1.63 )    $ 0.51