v2.4.0.6
Working Interest Acquisitions (Tables)
12 Months Ended
Dec. 31, 2012
Allocation of Total Purchase Price of Working Interest Acquisition

The following table represents the allocation of the total purchase price of the 38% Working Interest Acquisition and the 10% Working Interest Acquisition (in thousands).

 

     38% Working
Interest
Acquisition
    10% Working
Interest
Acquisition
 

Purchase price:

    

Acquisition price

   $ 76,000      $ 21,500   

Asset retirement obligations assumed

     547        132   

Post-closing purchase price adjustments

     (5,720     (453
  

 

 

   

 

 

 

Total

   $ 70,827      $ 21,179   
  

 

 

   

 

 

 

Allocation:

    

Wells, equipment and related facilities

   $ 51,447      $ 15,613   

Mineral interests in oil and gas properties

     19,380        5,566   
  

 

 

   

 

 

 

Total

   $ 70,827      $ 21,179   
  

 

 

   

 

 

 
Condensed Unaudited Pro Forma Information

The following condensed unaudited pro forma information gives effect to these acquisitions as if they had occurred on January 1, 2010. The pro forma information has been included in the notes as required by U.S. generally accepted accounting principles and is provided for comparison purposes only. The pro forma financial information is not necessarily indicative of the financial results that would have occurred had these acquisitions been effective on the dates as indicated and should not be viewed as indicative of operations in the future.

 

     Unaudited
Pro Forma
Financial Data
 
     Years Ended
December 31,
 
      2011      2010  
      (dollars in thousands,
except per-share amounts)
 

Oil, NGL and gas sales

   $ 113,041       $ 86,114   

Total operating expenses

   $ 100,125       $ 63,384   

Net income (loss)

   $ 7,186       $ 15,714   

Earnings (loss) per share — basic

   $ 0.25       $ 0.71   

Earnings (loss) per share — diluted

   $ 0.25       $ 0.71