v3.10.0.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
REVENUES:        
Gains (losses) on commodity derivative contracts-net $ (11,348) $ 7,493 $ (15,287) $ 12,358
Total revenues 42,324 60,679 91,229 125,694
EXPENSES:        
Lease operating and workover 16,952 16,559 31,760 32,411
Gathering and transportation (Note 3) 67 3,641 124 7,328
Severance and other taxes 2,776 1,695 5,638 3,816
Asset retirement accretion 250 283 547 559
Depreciation, depletion, and amortization 16,484 15,959 31,697 31,301
General and administrative 5,190 7,572 15,047 15,847
Advisory Fees 850   850  
Total expenses 42,569 45,709 85,663 91,262
OPERATING INCOME (LOSS) (245) 14,970 5,566 34,432
OTHER EXPENSE:        
Interest income 5   24  
Interest expense-net of amounts capitalized (1,302) (1,228) (3,129) (2,205)
Total other expense (1,297) (1,228) (3,105) (2,205)
INCOME (LOSS) BEFORE TAXES (1,542) 13,742 2,461 32,227
Income tax expense     0  
NET INCOME (LOSS) (1,542) 13,742 2,461 32,227
Participating securities-non-vested restricted stock   (360) (68) (897)
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS $ (1,542) $ 13,382 $ 2,393 $ 31,330
Basic and diluted net income (loss) per share attributable to common shareholders $ (0.06) $ 0.53 $ 0.09 $ 1.25
Basic and diluted weighted average number of common shares outstanding (Note 12) 25,332 25,093 25,316 25,053
Revenue from contracts with customers        
REVENUES:        
Total revenues $ 53,672 $ 53,186 $ 106,516 $ 113,336
Oil        
REVENUES:        
Total revenues 34,202 27,271 66,616 58,307
Natural gas liquid        
REVENUES:        
Total revenues 11,893 9,730 22,931 20,924
Natural gas        
REVENUES:        
Total revenues 6,782 15,253 15,119 32,351
Other        
REVENUES:        
Total revenues $ 795 $ 932 $ 1,850 $ 1,754

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