Annual report pursuant to Section 13 and 15(d)

Consolidated Statements Of Operations

v3.10.0.1
Consolidated Statements Of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenues:      
Oil and natural gas sales $ 104,943 $ 77,025 $ 59,784
Operating costs and expenses:      
Production expense 40,415 39,697 37,586
Exploration expense 14 7 5
Depreciation, depletion and amortization 5,596 6,457 6,926
Gain on revision of asset retirement obligations (3,325)    
General and administrative expense 11,398 10,377 9,561
Impairment of proved properties     88
Other operating expense     8,853
General and administrative related to shareholder matters     (332)
Bad debt (recovery) expense and other (77) 452 1,222
Total operating costs and expenses 54,021 56,990 63,909
Other operating income (expense), net 365 (84) (266)
Operating income (loss) 51,287 19,951 (4,391)
Other income (expense):      
Interest expense, net (145) (1,414) (2,613)
Other, net 4,332 2,113 (2,015)
Total other income (expense) 4,187 699 (4,628)
Income (loss) from continuing operations before income taxes 55,474 20,650 (9,019)
Income tax expense (benefit) (43,254) 10,378 9,248
Income (loss) from continuing operations 98,728 10,272 (18,267)
Loss from discontinued operations (496) (621) (8,283)
Net income (loss) $ 98,232 $ 9,651 $ (26,550)
Basic net income (loss) per share:      
Income (loss) from continuing operations $ 1.65 $ 0.17 $ (0.31)
Loss from discontinued operations (0.01) (0.01) (0.14)
Net income (loss) per share $ 1.64 $ 0.16 $ (0.45)
Basic weighted average shares outstanding 59,248 58,717 58,384
Diluted net income (loss) per share:      
Income (loss) from continuing operations $ 1.63 $ 0.17 $ (0.31)
Loss from discontinued operations (0.01) (0.01) (0.14)
Net income (loss) per share $ 1.62 $ 0.16 $ (0.45)
Diluted weighted average shares outstanding 59,997 58,720 58,384