v3.3.1.900
Consolidated Statements of Operations - USD ($)
 12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
REVENUES:      
Oil, NGL and gas sales $ 131,336,000 $ 258,529,000 $ 181,302,000
EXPENSES:      
Lease operating 28,972,000 32,701,000 19,152,000
Production and ad valorem taxes 11,085,000 15,934,000 12,840,000
Exploration 4,439,000 3,831,000 2,238,000
General and administrative [1] 28,341,000 32,104,000 26,524,000
Termination costs 1,436,000    
Impairment of oil and gas properties 220,197,000 0 0
Depletion, depreciation and amortization 109,319,000 106,802,000 76,956,000
Total expenses 403,789,000 191,372,000 137,710,000
OPERATING (LOSS) INCOME (272,453,000) 67,157,000 43,592,000
OTHER:      
Interest expense, net (25,066,000) (21,651,000) (14,084,000)
Gain on debt extinguishment 10,563,000    
Equity in (losses) earnings of investee   (181,000) 156,000
Gain on sale of equity method investment     90,743,000
Realized gain (loss) on commodity derivatives 52,489,000 2,359,000 (1,048,000)
Unrealized (loss) gain on commodity derivatives (33,214,000) 42,113,000 (4,596,000)
Other income 172,000 67,000  
(LOSS) INCOME BEFORE INCOME TAX (BENEFIT) PROVISION (267,509,000) 89,864,000 114,763,000
INCOME TAX (BENEFIT) PROVISION:      
Current (265,000) (25,000) 429,000
Deferred (93,140,000) 33,717,000 42,078,000
NET (LOSS) INCOME $ (174,104,000) $ 56,172,000 $ 72,256,000
(LOSS) EARNINGS PER SHARE:      
Basic $ (4.30) $ 1.43 $ 1.85
Diluted $ (4.30) $ 1.42 $ 1.85
WEIGHTED AVERAGE SHARES OUTSTANDING:      
Basic 40,464,283 39,407,733 38,997,815
Diluted 40,464,283 39,419,865 39,019,149
[1] Includes non-cash share-based compensation expense as follows: $7,954 $8,247 $5,901