Annual report pursuant to Section 13 and 15(d)

Consolidated Statements Of Operations

v3.8.0.1
Consolidated Statements Of Operations - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenues:      
Oil and natural gas sales $ 77,025 $ 59,784 $ 80,445
Operating costs and expenses:      
Production expense 39,697 37,586 40,096
Exploration expense 7 5 10,409
Depreciation, depletion and amortization 6,457 6,926 32,998
General and administrative expense 10,377 9,561 12,294
Impairment of proved properties   88 81,322
Other operating expense   8,853  
General and administrative related to shareholder matters   (332) 2,372
Bad debt expense and other 452 1,222 2,968
Total operating costs and expenses 56,990 63,909 182,459
Other operating income (expense), net (84) (266) (1,092)
Operating income (loss) 19,951 (4,391) (103,106)
Other income (expense):      
Interest expense, net (1,414) (2,613) (1,325)
Other, net 2,113 (2,015) (1,536)
Total other income (expense) 699 (4,628) (2,861)
Income (loss) from continuing operations before income taxes 20,650 (9,019) (105,967)
Income tax expense 10,378 9,248 14,587
Income (loss) from continuing operations 10,272 (18,267) (120,554)
Loss from discontinued operations (621) (8,283) (38,102)
Net income (loss) $ 9,651 $ (26,550) $ (158,656)
Basic net income (loss) per share:      
Income (loss) from continuing operations $ 0.17 $ (0.31) $ (2.07)
Loss from discontinued operations (0.01) (0.14) (0.65)
Net income (loss) per share $ 0.16 $ (0.45) $ (2.72)
Basic weighted average shares outstanding 58,717 58,384 58,289
Diluted net income (loss) per share:      
Income (loss) from continuing operations $ 0.17 $ (0.31) $ (2.07)
Loss from discontinued operations (0.01) (0.14) (0.65)
Net income (loss) per share $ 0.16 $ (0.45) $ (2.72)
Diluted weighted average shares outstanding 58,720 58,384 58,289