Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements Of Operations

v3.7.0.1
Condensed Consolidated Statements Of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues:        
Oil and natural gas sales $ 20,425 $ 18,847 $ 41,691 $ 29,823
Operating costs and expenses:        
Production expense 9,866 7,341 17,812 18,594
Exploration expense   2   2
Depreciation, depletion and amortization 1,970 1,942 3,839 4,180
General and administrative expense 3,049 4,004 6,191 6,251
Other operating expense   754   9,635
General and administrative related to shareholder matters   18   (435)
Bad debt expense and other 183 171 281 514
Total operating costs and expenses 15,068 14,232 28,123 38,741
Other operating income, net 230   167 18
Operating income (loss) 5,587 4,615 13,735 (8,900)
Other income (expense):        
Interest expense, net (378) (1,470) (781) (1,958)
Other, net 338 (642) 222 (384)
Total other income (expense) (40) (2,112) (559) (2,342)
Income (loss) from continuing operations before income taxes 5,547 2,503 13,176 (11,242)
Income tax expense 3,096 3,001 6,290 4,686
Income (loss) from continuing operations 2,451 (498) 6,886 (15,928)
Income (loss) from discontinued operations, net of tax (168) (20) (344) 7,786
Net income (loss) $ 2,283 $ (518) $ 6,542 $ (8,142)
Basic net income (loss) per share:        
Income (loss) from continuing operations $ 0.04 $ (0.01) $ 0.12 $ (0.27)
Income (loss) from discontinued operations 0.00 0.00 (0.01) 0.13
Net income (loss) $ 0.04 $ (0.01) $ 0.11 $ (0.14)
Basic weighted average shares outstanding 58,658 58,464 58,613 58,488
Diluted net income (loss) per share:        
Income (loss) from continuing operations $ 0.04 $ (0.01) $ 0.12 $ (0.27)
Income (loss) from discontinued operations 0.00 0.00 (0.01) 0.13
Net income (loss) $ 0.04 $ (0.01) $ 0.11 $ (0.14)
Diluted weighted average shares outstanding 58,658 58,464 58,619 58,488