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CONDENSED STATEMENTS OF CONSOLIDATED CASH FLOWS (Unaudited) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | |
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Mar. 31, 2015
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Mar. 31, 2014
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| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net loss | $ (39,005)us-gaap_ProfitLoss | $ (7,038)us-gaap_ProfitLoss |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation, depletion and amortization | 5,935us-gaap_DepreciationDepletionAndAmortization | 4,160us-gaap_DepreciationDepletionAndAmortization |
| Amortization of debt issuance cost | 160us-gaap_AmortizationOfFinancingCosts | |
| Unrealized foreign exchange (gain) loss | 22us-gaap_ForeignCurrencyTransactionGainLossUnrealized | |
| Dry hole costs and impairment loss on unproved leasehold | 27,222us-gaap_ExplorationAbandonmentAndImpairmentExpense | 10,505us-gaap_ExplorationAbandonmentAndImpairmentExpense |
| Stock based compensation | 1,654us-gaap_ShareBasedCompensation | 1,417us-gaap_ShareBasedCompensation |
| Gains on disposal of oil and gas properties | (340)us-gaap_GainLossOnSaleOfOilAndGasProperty | |
| Impairment of proved properties | 5,399us-gaap_AssetImpairmentCharges | |
| Change in operating assets and liabilities: | ||
| Trade receivables | 318us-gaap_IncreaseDecreaseInAccountsReceivable | 16,885us-gaap_IncreaseDecreaseInAccountsReceivable |
| Accounts with partners | (14,568)us-gaap_IncreaseDecreaseInAccountsReceivableRelatedParties | (42,192)us-gaap_IncreaseDecreaseInAccountsReceivableRelatedParties |
| Other receivables | (2,774)us-gaap_IncreaseDecreaseInOtherReceivables | (108)us-gaap_IncreaseDecreaseInOtherReceivables |
| Crude oil inventory | 213us-gaap_IncreaseDecreaseInFuelInventories | (996)us-gaap_IncreaseDecreaseInFuelInventories |
| Materials and supplies | 53us-gaap_IncreaseDecreaseInRawMaterialsPackagingMaterialsAndSuppliesInventories | (304)us-gaap_IncreaseDecreaseInRawMaterialsPackagingMaterialsAndSuppliesInventories |
| Prepayments and other | 655us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets | (3,975)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets |
| Accounts payable and other liabilities | 14,477us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities | (1,918)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities |
| Net cash provided by (used in) operating activities | (601)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations | (23,542)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Decrease/(increase) in restricted cash | 5,387us-gaap_IncreaseDecreaseInRestrictedCash | 207us-gaap_IncreaseDecreaseInRestrictedCash |
| Property and equipment expenditures | (28,070)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment | (24,751)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment |
| Proceeds from sales of oil and gas properties | 340us-gaap_ProceedsFromSaleOfOilAndGasPropertyAndEquipment | |
| Net cash used in investing activities | (22,343)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations | (24,544)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Proceeds from the issuance of common stock | 1,017us-gaap_ProceedsFromIssuanceOfCommonStock | |
| Debt issuance costs | (1,722)us-gaap_PaymentsOfDebtIssuanceCosts | |
| Purchase of treasury stock | (572)us-gaap_PaymentsForRepurchaseOfCommonStock | |
| Net cash provided by (used in) financing activities | 445us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations | (1,722)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations |
| NET CHANGE IN CASH AND CASH EQUIVALENTS | (22,499)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | (49,808)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease |
| CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD | 69,051us-gaap_CashAndCashEquivalentsAtCarryingValue | 130,529us-gaap_CashAndCashEquivalentsAtCarryingValue |
| CASH AND CASH EQUIVALENTS AT END OF PERIOD | 46,552us-gaap_CashAndCashEquivalentsAtCarryingValue | 80,721us-gaap_CashAndCashEquivalentsAtCarryingValue |
| Supplemental disclosure of cash flow information: | ||
| Cash paid for income taxes | 3,403us-gaap_IncomeTaxesPaid | 9,538us-gaap_IncomeTaxesPaid |
| Supplemental disclosure of non-cash investing and financing activities: | ||
| Property and equipment additions incurred during the period but not paid at period end | 27,907us-gaap_CapitalExpendituresIncurredButNotYetPaid | 11,304us-gaap_CapitalExpendituresIncurredButNotYetPaid |
| Receivable from employees for stock option exercise | $ 29egy_ReceivableFromEmployeesForStockOptionExercise | |
| X | ||||||||||
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- Definition
Receivable from employees for stock option exercise. No definition available.
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- Details
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- Definition
Amount of noncash expense included in interest expense to issue debt and obtain financing associated with the related debt instruments. Alternate captions include noncash interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of write-down of assets recognized in the income statement. Includes, but is not limited to, losses from tangible assets, intangible assets and goodwill. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Future cash outflow to pay for purchases of fixed assets that have occurred. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The adjustment to expense previously capitalized costs of drilling exploratory wells when proved reserves are not found or when the entity obtains information that raises substantial doubt about the economic or operational viability of the project. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount before tax of foreign currency transaction unrealized gain (loss) recognized in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of gain (loss) on sale or disposal of proven and unproven oil and gas properties. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the amounts payable to vendors for goods and services received and the amount of obligations and expenses incurred but not paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in amount due within one year (or one business cycle) from customers for the credit sale of goods and services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the amount due to the reporting entity for good and services provided to the following types of related parties: a parent company and its subsidiaries; subsidiaries of a common parent; an entity and trust for the benefit of employees, such as pension and profit-sharing trusts that are managed by or under the trusteeship of the entity's management, an entity and its principal owners, management, member of their immediate families, affiliates, or other parties with the ability to exert significant influence. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the value of fuel held in inventory. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The increase (decrease) during the reporting period in other amounts due to the reporting entity, which are not otherwise defined in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the value of prepaid expenses and other assets not separately disclosed in the statement of cash flows, for example, deferred expenses, intangible assets, or income taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the value of raw materials, packaging materials and supplies held in inventory. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net cash inflow or outflow for the increase (decrease) associated with funds that are not available for withdrawal or use (such as funds held in escrow) and are associated with underlying transactions that are classified as investing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The cash outflow to reacquire common stock during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow paid to third parties in connection with debt origination, which will be amortized over the remaining maturity period of the associated long-term debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow from the additional capital contribution to the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow to dispose of long-lived, physical assets and mineral interests in oil and gas properties used for normal oil and gas operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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