| Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 |
|---|---|---|---|---|---|---|
Product and Service | ||||||
Product and Service | ||||||
NGLs | ||||||
Transportation, Treating and Gathering | ||||||
Petroleum Reserves | ||||||
Type of Reserve | ||||||
Oil and Condensate | ||||||
Natural Gas | ||||||
REVENUES: | ||||||
Oil and condensate | ||||||
54,667 | 43,011 | 58,668 | 82,820 | 36,480 | - | - |
Oil and condensate | ||||||
- | - | - | - | - | 11,570 | 3,416 |
Natural gas | ||||||
10,079 | 10,854 | 16,901 | 47,647 | 40,416 | 23,318 | 23,523 |
NGLs | ||||||
11,841 | 7,252 | 7,136 | 21,382 | 15,611 | 7,630 | 1,092 |
Total oil, condensate, natural gas and NGLs revenues | ||||||
76,587 | 61,117 | 82,705 | 151,849 | 92,507 | 42,518 | 28,031 |
(Loss) gain on commodity derivatives contracts | ||||||
-4,457 | -2,863 | 24,589 | 19,569 | -4,752 | 7,422 | 12,204 |
Total revenues and other (loss) gain | ||||||
72,130 | 58,254 | 107,294 | - | - | - | - |
Total revenues and other (loss) gain | ||||||
- | - | - | 171,418 | 87,755 | 49,940 | 40,235 |
EXPENSES: | ||||||
Production taxes | ||||||
2,830 | 1,908 | 2,877 | 6,733 | 4,651 | 2,269 | 620 |
Lease operating expenses | ||||||
22,195 | 20,605 | 23,728 | 19,323 | 9,456 | 6,174 | 8,630 |
Transportation, treating and gathering | ||||||
1,814 | 1,704 | 2,187 | 3,679 | 4,006 | 4,965 | 4,501 |
Depreciation, depletion and amortization | ||||||
24,015 | 29,673 | 62,887 | 46,180 | 32,449 | 25,424 | 15,216 |
Impairment of oil and natural gas properties | ||||||
0 | 48,497 | 426,878 | 0 | 0 | 150,787 | 0 |
Accretion of asset retirement obligation | ||||||
237 | 368 | 502 | 506 | 468 | 388 | 534 |
General and administrative expense | ||||||
16,842 | 19,445 | 17,069 | 16,485 | 16,961 | 12,211 | 11,365 |
Litigation settlement benefit | ||||||
0 | 10,100 | 0 | 0 | - | - | - |
Litigation settlement expense | ||||||
- | - | - | - | 1,000 | 1,250 | 0 |
Total expenses | ||||||
67,933 | 112,100 | 536,128 | 92,906 | 68,991 | 203,468 | 40,866 |
(LOSS) INCOME FROM OPERATIONS | ||||||
4,197 | -53,846 | -428,834 | 78,512 | 18,764 | -153,528 | -631 |
OTHER INCOME (EXPENSE): | ||||||
Gain on acquisition of assets at fair value, net of income taxes | ||||||
- | - | - | - | 27,670 | 0 | 0 |
Interest expense | ||||||
38,955 | 35,246 | 30,686 | 27,571 | 13,168 | 270 | 113 |
Loss on early extinguishment of debt | ||||||
-12,172 | 0 | 0 | - | - | - | - |
Investment income and other | ||||||
175 | 31 | 13 | 19 | 48 | 9 | 10 |
Foreign transaction loss | ||||||
- | - | - | -7 | -14 | -2 | -6 |
LOSS BEFORE PROVISION FOR INCOME TAXES | ||||||
-46,755 | -89,061 | -459,507 | 50,953 | 33,300 | -153,791 | -740 |
Provision for income taxes | ||||||
0 | 0 | 0 | 0 | -16,042 | 0 | 0 |
NET LOSS | ||||||
-46,755 | -89,061 | -459,507 | 50,953 | 49,342 | -153,791 | -740 |
Dividends on preferred stock | ||||||
8,443 | 3,618 | 14,473 | 14,424 | 9,378 | - | - |
Undeclared cumulative dividends on preferred stock | ||||||
6,030 | 10,855 | 0 | 0 | - | - | - |
Dividends on preferred stock | ||||||
- | - | - | - | - | 7,077 | 1,024 |
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS | ||||||
-61,228 | -103,534 | -473,980 | 36,529 | 39,964 | -160,868 | -1,764 |
NET LOSS PER SHARE OF COMMON STOCK ATTRIBUTABLE TO COMMON STOCKHOLDERS: | ||||||
Basic (in dollars per share) | ||||||
-0.31 | -0.93 | -6.11 | 0.58 | 0.66 | -2.53 | -0.03 |
Diluted (in dollars per share) | ||||||
-0.31 | -0.93 | -6.11 | 0.55 | 0.63 | -2.53 | -0.03 |
WEIGHTED AVERAGE SHARES OF COMMON STOCK OUTSTANDING: | ||||||
Basic (shares) | ||||||
195,369 | 111,367 | 77,511 | 63,270 | 60,220 | 63,538 | 63,003 |
Diluted (shares) | ||||||
195,369 | 111,367 | 77,511 | 66,492 | 63,618 | 63,538 | 63,003 |