SCHEDULE I - PARENT COMPANY FINANCIAL STATEMENT- STATEMENTS OF CONSOLIDATED OPERATIONS (Details) (USD $) In Thousands, unless otherwise specified
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3 Months Ended |
12 Months Ended |
Dec. 31, 2014
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Sep. 30, 2014
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Jun. 30, 2014
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Mar. 31, 2014
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Dec. 31, 2013
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Sep. 30, 2013
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Jun. 30, 2013
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Mar. 31, 2013
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Dec. 31, 2014
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Dec. 31, 2013
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Dec. 31, 2012
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Revenues: |
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Oil and gas sales |
$ 23,037us-gaap_OilAndGasSalesRevenue
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[1] |
$ 24,486us-gaap_OilAndGasSalesRevenue
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[1] |
$ 52,098us-gaap_OilAndGasSalesRevenue
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[1] |
$ 28,071us-gaap_OilAndGasSalesRevenue
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[1] |
$ 58,282us-gaap_OilAndGasSalesRevenue
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[1] |
$ 37,740us-gaap_OilAndGasSalesRevenue
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[1] |
$ 29,118us-gaap_OilAndGasSalesRevenue
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[1] |
$ 44,137us-gaap_OilAndGasSalesRevenue
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[1] |
$ 127,691us-gaap_OilAndGasSalesRevenue
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$ 169,277us-gaap_OilAndGasSalesRevenue
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$ 195,287us-gaap_OilAndGasSalesRevenue
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Operating costs and expenses: |
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Depreciation, depletion and amortization |
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20,086us-gaap_DepreciationDepletionAndAmortization
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16,929us-gaap_DepreciationDepletionAndAmortization
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19,913us-gaap_DepreciationDepletionAndAmortization
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General and administrative expense |
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14,194us-gaap_GeneralAndAdministrativeExpense
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11,254us-gaap_GeneralAndAdministrativeExpense
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11,779us-gaap_GeneralAndAdministrativeExpense
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Total operating costs and expenses |
117,308us-gaap_CostsAndExpenses
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17,799us-gaap_CostsAndExpenses
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18,270us-gaap_CostsAndExpenses
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28,721us-gaap_CostsAndExpenses
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22,331us-gaap_CostsAndExpenses
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29,636us-gaap_CostsAndExpenses
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17,452us-gaap_CostsAndExpenses
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22,634us-gaap_CostsAndExpenses
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182,097us-gaap_CostsAndExpenses
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92,052us-gaap_CostsAndExpenses
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108,694us-gaap_CostsAndExpenses
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Operating income (loss) |
(94,270)us-gaap_OperatingIncomeLoss
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6,687us-gaap_OperatingIncomeLoss
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33,828us-gaap_OperatingIncomeLoss
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(650)us-gaap_OperatingIncomeLoss
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35,951us-gaap_OperatingIncomeLoss
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8,104us-gaap_OperatingIncomeLoss
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11,666us-gaap_OperatingIncomeLoss
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21,503us-gaap_OperatingIncomeLoss
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(54,406)us-gaap_OperatingIncomeLoss
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77,225us-gaap_OperatingIncomeLoss
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86,593us-gaap_OperatingIncomeLoss
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Other income (expense): |
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Interest income |
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75us-gaap_InvestmentIncomeInterest
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73us-gaap_InvestmentIncomeInterest
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145us-gaap_InvestmentIncomeInterest
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Other, net |
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(733)us-gaap_OtherNonoperatingIncomeExpense
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(111)us-gaap_OtherNonoperatingIncomeExpense
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414us-gaap_OtherNonoperatingIncomeExpense
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Total other income (expense) |
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(658)us-gaap_NonoperatingIncomeExpense
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(38)us-gaap_NonoperatingIncomeExpense
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559us-gaap_NonoperatingIncomeExpense
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Income (loss) before income taxes |
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(55,064)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
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77,187us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
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87,152us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
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Income tax expense |
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22,486us-gaap_IncomeTaxExpenseBenefit
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34,115us-gaap_IncomeTaxExpenseBenefit
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81,813us-gaap_IncomeTaxExpenseBenefit
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Net income (loss) |
(98,332)us-gaap_ProfitLoss
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3,109us-gaap_ProfitLoss
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24,712us-gaap_ProfitLoss
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(7,038)us-gaap_ProfitLoss
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26,377us-gaap_ProfitLoss
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2,386us-gaap_ProfitLoss
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7,121us-gaap_ProfitLoss
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7,188us-gaap_ProfitLoss
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(77,550)us-gaap_ProfitLoss
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43,072us-gaap_ProfitLoss
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5,339us-gaap_ProfitLoss
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Less net income attributable to noncontrolling interest |
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(4,708)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
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Net income (loss) attributable to VAALCO Energy, Inc. |
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(77,550)us-gaap_NetIncomeLoss
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43,072us-gaap_NetIncomeLoss
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631us-gaap_NetIncomeLoss
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VAALCO ENERGY, INC. |
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Operating costs and expenses: |
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Depreciation, depletion and amortization |
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94us-gaap_DepreciationDepletionAndAmortization / dei_LegalEntityAxis = us-gaap_ParentCompanyMember
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63us-gaap_DepreciationDepletionAndAmortization / dei_LegalEntityAxis = us-gaap_ParentCompanyMember
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59us-gaap_DepreciationDepletionAndAmortization / dei_LegalEntityAxis = us-gaap_ParentCompanyMember
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General and administrative expense |
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6,740us-gaap_GeneralAndAdministrativeExpense / dei_LegalEntityAxis = us-gaap_ParentCompanyMember
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5,750us-gaap_GeneralAndAdministrativeExpense / dei_LegalEntityAxis = us-gaap_ParentCompanyMember
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8,065us-gaap_GeneralAndAdministrativeExpense / dei_LegalEntityAxis = us-gaap_ParentCompanyMember
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Total operating costs and expenses |
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6,834us-gaap_CostsAndExpenses / dei_LegalEntityAxis = us-gaap_ParentCompanyMember
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5,813us-gaap_CostsAndExpenses / dei_LegalEntityAxis = us-gaap_ParentCompanyMember
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8,124us-gaap_CostsAndExpenses / dei_LegalEntityAxis = us-gaap_ParentCompanyMember
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Operating income (loss) |
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(6,834)us-gaap_OperatingIncomeLoss / dei_LegalEntityAxis = us-gaap_ParentCompanyMember
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(5,813)us-gaap_OperatingIncomeLoss / dei_LegalEntityAxis = us-gaap_ParentCompanyMember
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(8,124)us-gaap_OperatingIncomeLoss / dei_LegalEntityAxis = us-gaap_ParentCompanyMember
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Other income (expense): |
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Interest income |
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33us-gaap_InvestmentIncomeInterest / dei_LegalEntityAxis = us-gaap_ParentCompanyMember
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33us-gaap_InvestmentIncomeInterest / dei_LegalEntityAxis = us-gaap_ParentCompanyMember
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86us-gaap_InvestmentIncomeInterest / dei_LegalEntityAxis = us-gaap_ParentCompanyMember
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Other, net |
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450us-gaap_OtherNonoperatingIncomeExpense / dei_LegalEntityAxis = us-gaap_ParentCompanyMember
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Equity in subsidiary earnings |
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(71,199)us-gaap_IncomeLossFromEquityMethodInvestments / dei_LegalEntityAxis = us-gaap_ParentCompanyMember
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48,852us-gaap_IncomeLossFromEquityMethodInvestments / dei_LegalEntityAxis = us-gaap_ParentCompanyMember
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13,377us-gaap_IncomeLossFromEquityMethodInvestments / dei_LegalEntityAxis = us-gaap_ParentCompanyMember
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Total other income (expense) |
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(70,716)us-gaap_NonoperatingIncomeExpense / dei_LegalEntityAxis = us-gaap_ParentCompanyMember
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48,885us-gaap_NonoperatingIncomeExpense / dei_LegalEntityAxis = us-gaap_ParentCompanyMember
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13,463us-gaap_NonoperatingIncomeExpense / dei_LegalEntityAxis = us-gaap_ParentCompanyMember
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Income (loss) before income taxes |
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(77,550)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments / dei_LegalEntityAxis = us-gaap_ParentCompanyMember
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43,072us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments / dei_LegalEntityAxis = us-gaap_ParentCompanyMember
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5,339us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments / dei_LegalEntityAxis = us-gaap_ParentCompanyMember
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Net income (loss) |
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(77,550)us-gaap_ProfitLoss / dei_LegalEntityAxis = us-gaap_ParentCompanyMember
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43,072us-gaap_ProfitLoss / dei_LegalEntityAxis = us-gaap_ParentCompanyMember
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5,339us-gaap_ProfitLoss / dei_LegalEntityAxis = us-gaap_ParentCompanyMember
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Less net income attributable to noncontrolling interest |
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(4,708)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest / dei_LegalEntityAxis = us-gaap_ParentCompanyMember
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Net income (loss) attributable to VAALCO Energy, Inc. |
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$ (77,550)us-gaap_NetIncomeLoss / dei_LegalEntityAxis = us-gaap_ParentCompanyMember
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$ 43,072us-gaap_NetIncomeLoss / dei_LegalEntityAxis = us-gaap_ParentCompanyMember
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$ 631us-gaap_NetIncomeLoss / dei_LegalEntityAxis = us-gaap_ParentCompanyMember
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