| Dec'12 | Dec'11 | Dec'10 | Dec'09 | ||
|---|---|---|---|---|---|
Crude oil sales | |||||
78,591 | 36,760 | 22,021 | 27,283 | ||
Natural gas sales | |||||
26,459 | 56,666 | 59,861 | 71,494 | ||
Natural gas liquids sales | |||||
10,852 | 20,209 | 14,048 | 13,024 | ||
Operating overhead and other income | |||||
- | - | - | 644 | ||
Total operating revenues | |||||
115,904 | 113,636 | 95,932 | 112,447 | ||
Lease operating expenses | |||||
15,270 | 13,273 | 15,001 | 17,358 | ||
Production and ad valorem taxes | |||||
2,492 | 6,732 | 6,061 | 7,131 | ||
Exploration expenses | |||||
292 | 995 | 967 | 2,723 | ||
Depreciation, depletion and amortization | |||||
58,764 | 56,920 | 45,022 | 53,294 | ||
Impairment of oil and gas properties | |||||
117,890 | 14,954 | 22,254 | 6,721 | ||
General and administrative | |||||
19,653 | 18,420 | 19,901 | 18,757 | ||
Gain on sale of assets | |||||
8 | - | -1,069 | -6,847 | ||
Total operating expenses | |||||
214,354 | 111,297 | 110,278 | 112,835 | ||
INCOME FROM OPERATIONS | |||||
-98,450 | 2,338 | -14,345 | -387 | ||
Interest expense | |||||
25,327 | 25,104 | 22,324 | 23,172 | ||
Other income and financing cost | |||||
-644 | -1,633 | -4,280 | - | ||
Other financing costs | |||||
- | - | - | 3,341 | ||
Unrealized gain on derivative instruments | |||||
-2,288 | 454 | -6,500 | -23,862 | ||
Total other income (expense) | |||||
-28,260 | -26,282 | -33,106 | -50,376 | ||
INCOME (LOSS) BEFORE INCOME TAXES | |||||
-126,710 | -23,943 | -47,452 | -50,764 | ||
Income tax (expense) benefit | |||||
-34,719 | -8,098 | -16,607 | -16,694 | ||
NET LOSS | |||||
- | - | - | -34,069 | ||
Dividends on Preferred Stock | |||||
- | - | - | 4,522 | ||
NET INCOME (LOSS) | |||||
-91,991 | -15,845 | -30,844 | -38,592 | ||
Basic (in dollars per share) | |||||
-2.08 | -0.35 | -0.78 | -4.91 | ||
Diluted (in dollars per share) | |||||
-2.08 | -0.35 | -0.78 | -4.91 | ||
Basic (in shares) | |||||
44,147 | 44,788 | 39,397 | 7,861 | ||
Diluted (in shares) | |||||
44,147 | 44,788 | 39,397 | 7,861 | ||