2014 Q4 Form 10-K Financial Statement

#000156459015001734 Filed on March 16, 2015

View on sec.gov

Income Statement

Concept 2014 Q4 2014 Q3 2014 Q2
Revenue $23.03M $24.49M $52.10M
YoY Change -60.48% -35.11% 78.91%
Cost Of Revenue $10.08M $7.150M $4.850M
YoY Change 16.67% -43.16% -30.91%
Gross Profit $12.96M $17.34M $47.25M
YoY Change -73.89% -31.08% 113.8%
Gross Profit Margin 56.27% 70.8% 90.69%
Selling, General & Admin $2.020M $5.770M $3.130M
YoY Change -61.89% 182.84% 14.65%
% of Gross Profit 15.59% 33.28% 6.62%
Research & Development -$1.560M $600.0K $3.290M
YoY Change -163.16% -94.58% -23.13%
% of Gross Profit -12.04% 3.46% 6.96%
Depreciation & Amortization $4.700M $4.200M $7.000M
YoY Change -20.34% 7.69% 104.02%
% of Gross Profit 36.27% 24.22% 14.81%
Operating Expenses $5.090M $10.65M $13.42M
YoY Change -62.82% -37.57% 28.67%
Operating Profit -$94.27M $6.687M $33.83M
YoY Change -362.22% -17.49% 189.97%
Interest Expense $10.00K $300.0K $300.0K
YoY Change -50.0% 1400.0% 1400.0%
% of Operating Profit 4.49% 0.89%
Other Income/Expense, Net -$490.0K $160.0K -$125.0K
YoY Change -916.67% -385.71% -992.86%
Pretax Income -$90.95M $6.870M $33.73M
YoY Change -352.5% -14.64% 188.78%
Income Tax $3.590M $3.760M $9.010M
% Of Pretax Income 54.73% 26.71%
Net Earnings -$98.33M $3.109M $24.71M
YoY Change -472.79% 30.3% 247.03%
Net Earnings / Revenue -426.97% 12.69% 47.43%
Basic Earnings Per Share $0.05
Diluted Earnings Per Share -$1.701M $0.05 $417.4K
COMMON SHARES
Basic Shares Outstanding 57.30M
Diluted Shares Outstanding 57.87M 57.54M

Balance Sheet

Concept 2014 Q4 2014 Q3 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $69.10M $133.5M $118.6M
YoY Change -47.05% 32.84% 50.7%
Cash & Equivalents $69.05M $133.5M $118.6M
Short-Term Investments
Other Short-Term Assets $3.285M $18.20M $5.494M
YoY Change -25.93% 163.77% -28.54%
Inventory $2.200M $3.100M $800.0K
Prepaid Expenses
Receivables $30.40M $9.000M $23.10M
Other Receivables $3.300M $5.400M $5.500M
Total Short-Term Assets $113.1M $169.2M $162.8M
YoY Change -32.49% 33.33% 27.88%
LONG-TERM ASSETS
Property, Plant & Equipment $108.1M $189.6M $167.5M
YoY Change -21.95% 40.86% 26.17%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $27.70M $4.000M $4.100M
YoY Change 1159.09% -67.21% -66.39%
Total Long-Term Assets $135.8M $193.7M $171.5M
YoY Change -3.49% 32.02% 18.36%
TOTAL ASSETS
Total Short-Term Assets $113.1M $169.2M $162.8M
Total Long-Term Assets $135.8M $193.7M $171.5M
Total Assets $248.8M $362.9M $334.3M
YoY Change -19.25% 32.63% 22.81%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $0.00 $5.400M $1.600M
YoY Change -100.0% 10.2% -95.18%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $38.54M $56.10M $51.36M
YoY Change -15.9% 38.7% 54.6%
LONG-TERM LIABILITIES
Long-Term Debt $15.00M $15.00M $0.00
YoY Change
Other Long-Term Liabilities $14.80M $13.70M $11.70M
YoY Change 28.7% 21.24% 5.41%
Total Long-Term Liabilities $15.00M $15.00M $11.70M
YoY Change 30.43% 32.74% 5.41%
TOTAL LIABILITIES
Total Short-Term Liabilities $38.54M $56.10M $51.36M
Total Long-Term Liabilities $15.00M $15.00M $11.70M
Total Liabilities $68.39M $84.80M $63.09M
YoY Change 19.36% 63.88% 42.24%
SHAREHOLDERS EQUITY
Retained Earnings $146.9M $242.1M
YoY Change -34.55% 23.73%
Common Stock $70.87M $6.415M
YoY Change 14.56% 1.55%
Preferred Stock
YoY Change
Treasury Stock (at cost) $37.30M $35.06M
YoY Change 5.27% 38.5%
Treasury Stock Shares $7.394M
Shareholders Equity $180.5M $278.1M $271.2M
YoY Change
Total Liabilities & Shareholders Equity $248.8M $362.9M $334.3M
YoY Change -19.25% 32.63% 22.81%

Cashflow Statement

Concept 2014 Q4 2014 Q3 2014 Q2
OPERATING ACTIVITIES
Net Income -$98.33M $3.109M $24.71M
YoY Change -472.79% 30.3% 247.03%
Depreciation, Depletion And Amortization $4.700M $4.200M $7.000M
YoY Change -20.34% 7.69% 104.02%
Cash From Operating Activities -$31.40M $14.20M $64.10M
YoY Change -181.35% -69.33% -12920.0%
INVESTING ACTIVITIES
Capital Expenditures -$24.10M -$16.80M -$26.50M
YoY Change 123.15% 9.8% 18.3%
Acquisitions
YoY Change
Other Investing Activities -$9.300M $0.00 -$100.0K
YoY Change 4550.0% -100.0% -133.33%
Cash From Investing Activities -$33.40M -$16.80M -$26.70M
YoY Change 206.42% 7.01% 20.81%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 200.0K 17.60M 400.0K
YoY Change -91.67% -297.75% -133.33%
NET CHANGE
Cash From Operating Activities -31.40M 14.20M 64.10M
Cash From Investing Activities -33.40M -16.80M -26.70M
Cash From Financing Activities 200.0K 17.60M 400.0K
Net Change In Cash -64.60M 15.00M 37.80M
YoY Change -314.62% -30.88% -258.82%
FREE CASH FLOW
Cash From Operating Activities -$31.40M $14.20M $64.10M
Capital Expenditures -$24.10M -$16.80M -$26.50M
Free Cash Flow -$7.300M $31.00M $90.60M
YoY Change -114.78% -49.68% 313.7%

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CY2013 us-gaap Increase Decrease In Fuel Inventories
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IncreaseDecreaseInFuelInventories
71000
CY2014 us-gaap Increase Decrease In Raw Materials Packaging Materials And Supplies Inventories
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122000
CY2013 us-gaap Increase Decrease In Raw Materials Packaging Materials And Supplies Inventories
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CY2012 us-gaap Increase Decrease In Raw Materials Packaging Materials And Supplies Inventories
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CY2014 us-gaap Increase Decrease In Other Noncurrent Assets
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CY2014 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2013 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2012 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2013 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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CY2012 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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CY2014 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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CY2013 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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CY2012 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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CY2014 us-gaap Increase Decrease In Restricted Cash
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9219000
CY2013 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
1065000
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PaymentsToAcquirePropertyPlantAndEquipment
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CY2013 us-gaap Proceeds From Issuance Of Common Stock
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3729000
CY2012 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
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ProceedsFromIssuanceOfLongTermDebt
15000000
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PaymentsForRepurchaseOfCommonStock
1868000
CY2013 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
11456000
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5595000
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NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
16530000
CY2013 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
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CY2012 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
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CY2014 us-gaap Cash And Cash Equivalents Period Increase Decrease
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CY2013 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
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CY2012 us-gaap Cash And Cash Equivalents Period Increase Decrease
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CashAndCashEquivalentsAtCarryingValue
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CY2011Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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IncomeTaxesPaid
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IncomeTaxesPaid
34444000
CY2012 us-gaap Income Taxes Paid
IncomeTaxesPaid
83306000
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CapitalExpendituresIncurredButNotYetPaid
18983000
CY2013 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
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CY2012 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
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CY2012 egy Receivable From Employees For Stock Option Exercise
ReceivableFromEmployeesForStockOptionExercise
173000
CY2014 us-gaap Nature Of Operations
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<div> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:4.54%;white-space:nowrap"> <p style="margin-bottom:0pt;margin-top:0pt;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1.</p></td> <td valign="top" style="width:95.46%;"> <p style="margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;">ORGANIZATION </p></td></tr></table></div> <p style="margin-bottom:0pt;margin-top:6pt;margin-left:4.54%;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">VAALCO Energy, Inc., a Delaware corporation, is a Houston-based independent energy company principally engaged in the acquisition, exploration, development and production of crude oil and natural gas. As used herein, the terms &#8220;Company&#8221; and &#8220;VAALCO&#8221; mean VAALCO Energy, Inc. and its subsidiaries, unless the context otherwise requires. VAALCO owns producing properties and conducts exploration activities as operator of consortiums internationally in Gabon and Angola and has conducted exploration activities as a non-operator in Equatorial Guinea, West Africa. Domestically, the Company has interests in Texas, Montana, Alabama, and the Gulf of Mexico. </p> <p style="margin-bottom:0pt;margin-top:12pt;margin-left:4.54%;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">VAALCO&#8217;s international subsidiaries are VAALCO Gabon (Etame), Inc., VAALCO Production (Gabon), Inc., VAALCO Angola (Kwanza), Inc., VAALCO UK (North Sea), Ltd., VAALCO International, Inc., VAALCO Energy (EG), Inc. and VAALCO Energy Mauritius (EG) Limited. VAALCO Energy (USA), Inc. holds interests in properties located in the United States. </p></div>
CY2014 us-gaap Use Of Estimates
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<div> <p style="margin-bottom:0pt;margin-top:12pt;margin-left:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:4.54%;"><font style="text-decoration:underline;">Use of Estimates in Financial Statement Preparation</font> - The preparation of financial statements in conformity with generally accepted accounting principles requires estimates and assumptions that affect the reported amounts of assets and liabilities as well as certain disclosures. The Company&#8217;s consolidated financial statements include amounts that are based on management&#8217;s best estimates and judgments. Actual results could differ from those estimates. </p> <p style="margin-bottom:0pt;margin-top:12pt;margin-left:4.54%;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Estimates of oil and gas reserves used in the consolidated financial statements to estimate depletion expense and impairment charges require extensive judgments and are generally less precise than other estimates made in connection with financial disclosures. The Company considers its estimates to be reasonable; however, due to inherent uncertainties and the limited nature of data, estimates are imprecise and subject to change over time as additional information become available. </p></div>
CY2014Q4 egy Bank Guarantees For Customs Clearance
BankGuaranteesForCustomsClearance
1600000
CY2014Q4 us-gaap Escrow Deposit
EscrowDeposit
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CY2013Q4 us-gaap Escrow Deposit
EscrowDeposit
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FundSecureForDrillingObligations
10000000
CY2013Q4 egy Fund Secure For Drilling Obligations
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10000000
CY2014 egy Number Of Additional Well Obligations
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CY2014 egy Cash Equivalent Maturity Description
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ForeignCurrencyTransactionGainLossBeforeTax
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ForeignCurrencyTransactionGainLossBeforeTax
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CY2012 us-gaap Foreign Currency Transaction Gain Loss Before Tax
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CY2014Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
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CY2012Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
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CY2014 egy Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisablePeriod
P5Y
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
1118000
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152000
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
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CY2014Q4 egy Share Based Compensation Arrangement By Share Based Payment Award Options Vested Outstanding Number
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CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
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6.95
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ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
7.05
CY2014 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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CY2014 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
7.41
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CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
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SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
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CY2014 egy Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Remaining Contractual Term
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageRemainingContractualTerm
P4Y2M5D
CY2014 egy Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Remaining Contractual Term
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageRemainingContractualTerm
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CY2014 egy Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Remaining Contractual Term
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CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
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CY2014 egy Share Based Compensation Arrangement By Share Based Payment Award Options Vested Outstanding Weighted Average Remaining Contractual Term
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedOutstandingWeightedAverageRemainingContractualTerm
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CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
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CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
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CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
1610000
CY2014Q4 egy Share Based Compensation Arrangement By Share Based Payment Award Options Vested Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedOutstandingAggregateIntrinsicValue
1180000
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
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1600000
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2800000
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P2Y6M
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
1836000
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
1024000
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
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2.43
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
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CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
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4.25
CY2012 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
4.62
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CY2012 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
4120000
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
1201000
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
3267000
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ProceedsFromStockOptionsExercised
5700000
CY2013 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
3700000
CY2012 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
3300000
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ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
0.58
CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P2Y6M
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.005
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ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.00
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ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
0.51
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P2Y6M
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.003
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ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.00
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ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
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CY2012 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
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CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.005
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.00
CY2013 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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626091
CY2012 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1158717
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AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2329392
CY2013 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3508865
CY2012 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1018900
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CurrentForeignTaxExpenseBenefit
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CY2012 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
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48928000
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55908000
CY2014Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Alternative Minimum Tax
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1349000
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3828000
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3300000
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CY2012 us-gaap Income Tax Reconciliation Tax Settlements Foreign
IncomeTaxReconciliationTaxSettlementsForeign
25266000
CY2014 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
135000
CY2013 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
973000
CY2012 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
2370000
CY2014 us-gaap Income Tax Reconciliation Tax Credits Foreign
IncomeTaxReconciliationTaxCreditsForeign
-8417000
CY2013 us-gaap Income Tax Reconciliation Tax Credits Foreign
IncomeTaxReconciliationTaxCreditsForeign
28027000
CY2014 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
28762000
CY2013 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
37752000
CY2012 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
23675000
CY2014 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
12000
CY2013 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-1526000
CY2012 egy Period Of Charter
PeriodOfCharter
P2Y
CY2012 egy Percentage Of Share In Charter Payment
PercentageOfShareInCharterPayment
0.281
CY2014Q4 us-gaap Contractual Obligation Due In Next Twelve Months
ContractualObligationDueInNextTwelveMonths
25843000
CY2014Q4 us-gaap Contractual Obligation Due In Second Year
ContractualObligationDueInSecondYear
25843000
CY2014Q4 us-gaap Contractual Obligation Due In Third Year
ContractualObligationDueInThirdYear
25843000
CY2014Q4 us-gaap Contractual Obligation Due In Fourth Year
ContractualObligationDueInFourthYear
25843000
CY2014Q4 us-gaap Contractual Obligation Due In Fifth Year
ContractualObligationDueInFifthYear
25843000
CY2014Q4 us-gaap Contractual Obligation Due After Fifth Year
ContractualObligationDueAfterFifthYear
25914000
CY2014Q4 us-gaap Contractual Obligation
ContractualObligation
155129000
CY2014Q4 egy Guarantee Obligations Current Fair Value
GuaranteeObligationsCurrentFairValue
1000000
CY2013Q4 egy Guarantee Obligations Current Fair Value
GuaranteeObligationsCurrentFairValue
1100000
CY2013 egy Charter Fee Per Barrel For Production Level One
CharterFeePerBarrelForProductionLevelOne
0.25
CY2014 egy Charter Fee Per Barrel For Production Level One
CharterFeePerBarrelForProductionLevelOne
0.93
CY2014 egy Charter Fee Per Barrel For Production Level Two
CharterFeePerBarrelForProductionLevelTwo
2.50
CY2014 egy Charter Expenses
CharterExpenses
11800000
CY2013 egy Charter Expenses
CharterExpenses
10400000
CY2012 egy Charter Expenses
CharterExpenses
9700000
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
90935000
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
36607000
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
441000
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
408000
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
407000
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
340000
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
129138000
CY2014 egy Number Of Drilling Rigs Contracts
NumberOfDrillingRigsContracts
2
CY2014Q4 egy Drilling Rig Commitment Period
DrillingRigCommitmentPeriod
2016-07
CY2014Q4 egy Drilling Rig Daily Rate
DrillingRigDailyRate
168000
CY2014Q3 egy Drilling Rig Daily Rate
DrillingRigDailyRate
338000
CY2014 egy Drilling Rig Daily Rate
DrillingRigDailyRate
25800000
CY2014 egy Second Drilling Rig Contract Expected Well Drilling Period
SecondDrillingRigContractExpectedWellDrillingPeriod
The second drilling rig contract was signed in July 2014 for a semi-submersible rig to drill the exploration well on the Kindele prospect, a post-salt objective. The well began drilling in the first quarter of 2015. The drilling rig provides a forty-five day commitment at a day rate of approximately $338,000. The total commitment related to this rig is $15.2 million
CY2014Q3 egy Drilling Rig Contract Commitment Period
DrillingRigContractCommitmentPeriod
P45D
CY2014 us-gaap Lease Operating Expense
LeaseOperatingExpense
4000000
CY2013 us-gaap Lease Operating Expense
LeaseOperatingExpense
4100000
CY2012 us-gaap Lease Operating Expense
LeaseOperatingExpense
4400000
CY2014Q1 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
65000000
CY2014Q4 us-gaap Line Of Credit
LineOfCredit
15000000
CY2014 egy Line Of Credit Facility Maturity Period
LineOfCreditFacilityMaturityPeriod
2019-12
CY2014 us-gaap Line Of Credit Facility Interest Rate During Period
LineOfCreditFacilityInterestRateDuringPeriod
0.0432
CY2014Q4 us-gaap Pledged Assets Not Separately Reported On Statement Of Financial Position
PledgedAssetsNotSeparatelyReportedOnStatementOfFinancialPosition
58700000
CY2014 us-gaap Debt Instrument Increase Decrease For Period Description
DebtInstrumentIncreaseDecreaseForPeriodDescription
Every six months beginning June 30, 2016 through December 2019.
CY2014Q4 us-gaap Line Of Credit Facility Current Borrowing Capacity
LineOfCreditFacilityCurrentBorrowingCapacity
25000000
CY2014 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
1200000
CY2014 us-gaap Capitalized Exploratory Well Costs Interim Significant Change
CapitalizedExploratoryWellCostsInterimSignificantChange
ASC Topic 932 - Extractive Industries provides that an exploratory well shall be capitalized as part of the entity’s uncompleted wells pending the determination of whether the well has found proved reserves. Further, an exploration well that discovers oil and gas reserves, but those reserves cannot be classified as proved when drilling is completed, shall be capitalized if the well has found a sufficient quantity of reserves to justify its completion as a producing well and the entity is making sufficient progress assessing the reserves and the economic and operating viability of the project. If either condition is not met, the exploration well would be assumed to be impaired and its costs would be charged to expense.
CY2012Q4 us-gaap Capitalized Exploratory Well Costs That Have Been Capitalized For Period Of One Year Or Less
CapitalizedExploratoryWellCostsThatHaveBeenCapitalizedForPeriodOfOneYearOrLess
5900000
CY2014Q4 us-gaap Capitalized Exploratory Well Costs That Have Been Capitalized For Period Greater Than One Year
CapitalizedExploratoryWellCostsThatHaveBeenCapitalizedForPeriodGreaterThanOneYear
8900000
CY2013Q4 us-gaap Capitalized Exploratory Well Costs That Have Been Capitalized For Period Greater Than One Year
CapitalizedExploratoryWellCostsThatHaveBeenCapitalizedForPeriodGreaterThanOneYear
16700000
CY2012Q4 us-gaap Capitalized Exploratory Well Costs That Have Been Capitalized For Period Greater Than One Year
CapitalizedExploratoryWellCostsThatHaveBeenCapitalizedForPeriodGreaterThanOneYear
8100000
CY2014Q4 us-gaap Capitalized Exploratory Well Costs
CapitalizedExploratoryWellCosts
8900000
CY2013Q4 us-gaap Capitalized Exploratory Well Costs
CapitalizedExploratoryWellCosts
16700000
CY2012Q4 us-gaap Capitalized Exploratory Well Costs
CapitalizedExploratoryWellCosts
14000000
CY2014Q4 us-gaap Projects That Have Exploratory Well Costs That Have Been Capitalized For Period Greater Than One Year
ProjectsThatHaveExploratoryWellCostsThatHaveBeenCapitalizedForPeriodGreaterThanOneYear
1
CY2013Q4 us-gaap Projects That Have Exploratory Well Costs That Have Been Capitalized For Period Greater Than One Year
ProjectsThatHaveExploratoryWellCostsThatHaveBeenCapitalizedForPeriodGreaterThanOneYear
2
CY2012Q4 us-gaap Projects That Have Exploratory Well Costs That Have Been Capitalized For Period Greater Than One Year
ProjectsThatHaveExploratoryWellCostsThatHaveBeenCapitalizedForPeriodGreaterThanOneYear
1
CY2014 us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
464000
CY2013 us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
182500
CY2012 us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
204000
CY2012Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
10368000
CY2011Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
14528000
CY2014 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
720000
CY2013 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
643000
CY2012 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
814000
CY2014 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
2526000
CY2013 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
453000
CY2012 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
770000
CY2014 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
136000
CY2012 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
-5744000
CY2013Q4 egy Number Of Wells
NumberOfWells
2
CY2014Q4 egy Number Of Platforms
NumberOfPlatforms
2
CY2014 us-gaap Long Lived Assets To Be Abandoned Timing Of Expected Disposition
LongLivedAssetsToBeAbandonedTimingOfExpectedDisposition
P5Y
CY2014 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
87111000
CY2014Q4 us-gaap Noncurrent Assets
NoncurrentAssets
108124000
CY2013 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
53691000
CY2013Q4 us-gaap Noncurrent Assets
NoncurrentAssets
138524000
CY2012 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
46366000
CY2012Q4 us-gaap Noncurrent Assets
NoncurrentAssets
106608000
CY2012Q4 us-gaap Assets
Assets
267956000
CY2014 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
98300000
CY2013 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
0
CY2012 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
7600000
CY2014Q1 us-gaap Oil And Gas Sales Revenue
OilAndGasSalesRevenue
28071000
CY2014Q2 us-gaap Oil And Gas Sales Revenue
OilAndGasSalesRevenue
52098000
CY2014Q3 us-gaap Oil And Gas Sales Revenue
OilAndGasSalesRevenue
24486000
CY2014Q4 us-gaap Oil And Gas Sales Revenue
OilAndGasSalesRevenue
23037000
CY2014Q1 us-gaap Costs And Expenses
CostsAndExpenses
28721000
CY2014Q2 us-gaap Costs And Expenses
CostsAndExpenses
18270000
CY2014Q3 us-gaap Costs And Expenses
CostsAndExpenses
17799000
CY2014Q4 us-gaap Costs And Expenses
CostsAndExpenses
117308000
CY2014Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-650000
CY2014Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
33828000
CY2014Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
6687000
CY2014Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-94270000
CY2014Q1 us-gaap Profit Loss
ProfitLoss
-7038000
CY2014Q2 us-gaap Profit Loss
ProfitLoss
24712000
CY2014Q3 us-gaap Profit Loss
ProfitLoss
3109000
CY2014Q4 us-gaap Profit Loss
ProfitLoss
-98332000
CY2014Q1 us-gaap Income Loss From Extraordinary Items Net Of Tax Per Basic Share
IncomeLossFromExtraordinaryItemsNetOfTaxPerBasicShare
-0.12
CY2014Q2 us-gaap Income Loss From Extraordinary Items Net Of Tax Per Basic Share
IncomeLossFromExtraordinaryItemsNetOfTaxPerBasicShare
0.43
CY2014Q3 us-gaap Income Loss From Extraordinary Items Net Of Tax Per Basic Share
IncomeLossFromExtraordinaryItemsNetOfTaxPerBasicShare
0.05
CY2014Q4 us-gaap Income Loss From Extraordinary Items Net Of Tax Per Basic Share
IncomeLossFromExtraordinaryItemsNetOfTaxPerBasicShare
-1.70
CY2014Q1 us-gaap Income Loss From Extraordinary Items Net Of Tax Per Diluted Share
IncomeLossFromExtraordinaryItemsNetOfTaxPerDilutedShare
-0.12
CY2014Q2 us-gaap Income Loss From Extraordinary Items Net Of Tax Per Diluted Share
IncomeLossFromExtraordinaryItemsNetOfTaxPerDilutedShare
0.43
CY2014Q3 us-gaap Income Loss From Extraordinary Items Net Of Tax Per Diluted Share
IncomeLossFromExtraordinaryItemsNetOfTaxPerDilutedShare
0.05
CY2014Q4 us-gaap Income Loss From Extraordinary Items Net Of Tax Per Diluted Share
IncomeLossFromExtraordinaryItemsNetOfTaxPerDilutedShare
-1.70
CY2013Q1 us-gaap Oil And Gas Sales Revenue
OilAndGasSalesRevenue
44137000
CY2013Q2 us-gaap Oil And Gas Sales Revenue
OilAndGasSalesRevenue
29118000
CY2013Q3 us-gaap Oil And Gas Sales Revenue
OilAndGasSalesRevenue
37740000
CY2013Q4 us-gaap Oil And Gas Sales Revenue
OilAndGasSalesRevenue
58282000
CY2013Q1 us-gaap Costs And Expenses
CostsAndExpenses
22634000
CY2013Q2 us-gaap Costs And Expenses
CostsAndExpenses
17452000
CY2013Q3 us-gaap Costs And Expenses
CostsAndExpenses
29636000
CY2013Q4 us-gaap Costs And Expenses
CostsAndExpenses
22331000
CY2013Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
21503000
CY2013Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
11666000
CY2013Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
8104000
CY2013Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
35951000
CY2013Q1 us-gaap Profit Loss
ProfitLoss
7188000
CY2013Q2 us-gaap Profit Loss
ProfitLoss
7121000
CY2013Q3 us-gaap Profit Loss
ProfitLoss
2386000
CY2013Q4 us-gaap Profit Loss
ProfitLoss
26377000
CY2013Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.12
CY2013Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.12
CY2013Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.04
CY2013Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.46
CY2013Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.12
CY2013Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.12
CY2013Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.04
CY2013Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.46
CY2014 us-gaap Results Of Operations Dry Hole Costs
ResultsOfOperationsDryHoleCosts
13300000
CY2013 us-gaap Results Of Operations Dry Hole Costs
ResultsOfOperationsDryHoleCosts
23900000
CY2012 us-gaap Results Of Operations Dry Hole Costs
ResultsOfOperationsDryHoleCosts
37300000
CY2014Q4 us-gaap Capitalized Costs Of Unproved Properties Excluded From Amortization Cumulative
CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationCumulative
47290000
CY2013Q4 us-gaap Capitalized Costs Of Unproved Properties Excluded From Amortization Cumulative
CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationCumulative
88194000
CY2012Q4 us-gaap Capitalized Costs Of Unproved Properties Excluded From Amortization Cumulative
CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationCumulative
66794000
CY2014Q4 us-gaap Capitalized Costs Asset Retirement Costs
CapitalizedCostsAssetRetirementCosts
347186000
CY2013Q4 us-gaap Capitalized Costs Asset Retirement Costs
CapitalizedCostsAssetRetirementCosts
222032000
CY2012Q4 us-gaap Capitalized Costs Asset Retirement Costs
CapitalizedCostsAssetRetirementCosts
195329000
CY2014Q4 us-gaap Capitalized Costs Oil And Gas Producing Activities Gross
CapitalizedCostsOilAndGasProducingActivitiesGross
394476000
CY2013Q4 us-gaap Capitalized Costs Oil And Gas Producing Activities Gross
CapitalizedCostsOilAndGasProducingActivitiesGross
310226000
CY2012Q4 us-gaap Capitalized Costs Oil And Gas Producing Activities Gross
CapitalizedCostsOilAndGasProducingActivitiesGross
262123000
CY2014Q4 us-gaap Capitalized Costs Accumulated Depreciation Depletion Amortization And Valuation Allowance For Relating To Oil And Gas Producing Activities
CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities
289272000
CY2013Q4 us-gaap Capitalized Costs Accumulated Depreciation Depletion Amortization And Valuation Allowance For Relating To Oil And Gas Producing Activities
CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities
171854000
CY2012Q4 us-gaap Capitalized Costs Accumulated Depreciation Depletion Amortization And Valuation Allowance For Relating To Oil And Gas Producing Activities
CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities
155681000
CY2014Q4 us-gaap Capitalized Costs Oil And Gas Producing Activities Net
CapitalizedCostsOilAndGasProducingActivitiesNet
105204000
CY2013Q4 us-gaap Capitalized Costs Oil And Gas Producing Activities Net
CapitalizedCostsOilAndGasProducingActivitiesNet
138372000
CY2012Q4 us-gaap Capitalized Costs Oil And Gas Producing Activities Net
CapitalizedCostsOilAndGasProducingActivitiesNet
106442000
CY2014 us-gaap Costs Incurred Asset Retirement Obligation Incurred
CostsIncurredAssetRetirementObligationIncurred
5200000
CY2013 us-gaap Costs Incurred Asset Retirement Obligation Incurred
CostsIncurredAssetRetirementObligationIncurred
5200000
CY2012 us-gaap Costs Incurred Asset Retirement Obligation Incurred
CostsIncurredAssetRetirementObligationIncurred
4700000
CY2014 us-gaap Costs Incurred Development Costs
CostsIncurredDevelopmentCosts
52800000
CY2014 egy Development Cost To Company
DevelopmentCostToCompany
14800000
CY2014Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Cash Inflows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesCashInflows
823657000
CY2013Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Cash Inflows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesCashInflows
733761000
CY2012Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Cash Inflows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesCashInflows
784906000
CY2014Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Production Costs
FutureNetCashFlowsRelatingToProvedOilAndGasReservesProductionCosts
308806000
CY2013Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Production Costs
FutureNetCashFlowsRelatingToProvedOilAndGasReservesProductionCosts
226681000
CY2012Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Production Costs
FutureNetCashFlowsRelatingToProvedOilAndGasReservesProductionCosts
206684000
CY2014Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Development Costs
FutureNetCashFlowsRelatingToProvedOilAndGasReservesDevelopmentCosts
136137000
CY2013Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Development Costs
FutureNetCashFlowsRelatingToProvedOilAndGasReservesDevelopmentCosts
164142000
CY2012Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Development Costs
FutureNetCashFlowsRelatingToProvedOilAndGasReservesDevelopmentCosts
186982000
CY2014Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Income Tax Expense
FutureNetCashFlowsRelatingToProvedOilAndGasReservesIncomeTaxExpense
178283000
CY2013Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Income Tax Expense
FutureNetCashFlowsRelatingToProvedOilAndGasReservesIncomeTaxExpense
155344000
CY2012Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Income Tax Expense
FutureNetCashFlowsRelatingToProvedOilAndGasReservesIncomeTaxExpense
182001000
CY2014Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Net Cash Flows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesNetCashFlows
200431000
CY2013Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Net Cash Flows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesNetCashFlows
187594000
CY2012Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Net Cash Flows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesNetCashFlows
209239000
CY2014Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Ten Percent Annual Discount For Estimated Timing Of Cash Flows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesTenPercentAnnualDiscountForEstimatedTimingOfCashFlows
51044000
CY2013Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Ten Percent Annual Discount For Estimated Timing Of Cash Flows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesTenPercentAnnualDiscountForEstimatedTimingOfCashFlows
50158000
CY2012Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Ten Percent Annual Discount For Estimated Timing Of Cash Flows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesTenPercentAnnualDiscountForEstimatedTimingOfCashFlows
56337000
CY2014Q4 us-gaap Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
149387000
CY2013Q4 us-gaap Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
137436000
CY2012Q4 us-gaap Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
152902000
CY2011Q4 us-gaap Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
166187000
CY2014 us-gaap Sales And Transfers Of Oil And Gas Produced Net Of Production Costs
SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts
95973000
CY2013 us-gaap Sales And Transfers Of Oil And Gas Produced Net Of Production Costs
SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts
132662000
CY2012 us-gaap Sales And Transfers Of Oil And Gas Produced Net Of Production Costs
SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts
168563000
CY2014 us-gaap Net Increase Decrease In Sales And Transfer Prices And Production Costs
NetIncreaseDecreaseInSalesAndTransferPricesAndProductionCosts
-28098000
CY2013 us-gaap Net Increase Decrease In Sales And Transfer Prices And Production Costs
NetIncreaseDecreaseInSalesAndTransferPricesAndProductionCosts
-52056000
CY2012 us-gaap Net Increase Decrease In Sales And Transfer Prices And Production Costs
NetIncreaseDecreaseInSalesAndTransferPricesAndProductionCosts
-11223000
CY2014 us-gaap Revisions Of Previous Quantity Estimates
RevisionsOfPreviousQuantityEstimates
74497000
CY2013 us-gaap Revisions Of Previous Quantity Estimates
RevisionsOfPreviousQuantityEstimates
43815000
CY2012 us-gaap Revisions Of Previous Quantity Estimates
RevisionsOfPreviousQuantityEstimates
155111000
CY2014 us-gaap Standardized Measure Of Discounted Future Net Cash Flow Of Proved Oil And Gas Reserves Period Increase Decrease
StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesPeriodIncreaseDecrease
2188000
CY2013 us-gaap Standardized Measure Of Discounted Future Net Cash Flow Of Proved Oil And Gas Reserves Period Increase Decrease
StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesPeriodIncreaseDecrease
29620000
CY2012 us-gaap Standardized Measure Of Discounted Future Net Cash Flow Of Proved Oil And Gas Reserves Period Increase Decrease
StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesPeriodIncreaseDecrease
69092000
CY2014 us-gaap Increase Decrease In Estimated Future Development Costs
IncreaseDecreaseInEstimatedFutureDevelopmentCosts
31686000
CY2013 us-gaap Increase Decrease In Estimated Future Development Costs
IncreaseDecreaseInEstimatedFutureDevelopmentCosts
-5345000
CY2012 us-gaap Increase Decrease In Estimated Future Development Costs
IncreaseDecreaseInEstimatedFutureDevelopmentCosts
-67834000
CY2013 us-gaap Previously Estimated Development Costs Incurred During Period
PreviouslyEstimatedDevelopmentCostsIncurredDuringPeriod
44389000
CY2012 us-gaap Previously Estimated Development Costs Incurred During Period
PreviouslyEstimatedDevelopmentCostsIncurredDuringPeriod
34944000
CY2014 us-gaap Accretion Of Discount
AccretionOfDiscount
24163000
CY2013 us-gaap Accretion Of Discount
AccretionOfDiscount
15290000
CY2012 us-gaap Accretion Of Discount
AccretionOfDiscount
16619000
CY2014 us-gaap Increase Decrease In Future Income Tax Expense Estimates On Future Cash Flows Related To Proved Oil And Gas Reserves
IncreaseDecreaseInFutureIncomeTaxExpenseEstimatesOnFutureCashFlowsRelatedToProvedOilAndGasReserves
-15609000
CY2013 us-gaap Increase Decrease In Future Income Tax Expense Estimates On Future Cash Flows Related To Proved Oil And Gas Reserves
IncreaseDecreaseInFutureIncomeTaxExpenseEstimatesOnFutureCashFlowsRelatedToProvedOilAndGasReserves
26120000
CY2012 us-gaap Increase Decrease In Future Income Tax Expense Estimates On Future Cash Flows Related To Proved Oil And Gas Reserves
IncreaseDecreaseInFutureIncomeTaxExpenseEstimatesOnFutureCashFlowsRelatedToProvedOilAndGasReserves
7445000
CY2014 us-gaap Standardized Measure Of Discounted Future Net Cash Flow Of Proved Oil And Gas Reserves Other
StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesOther
19097000
CY2013 us-gaap Standardized Measure Of Discounted Future Net Cash Flow Of Proved Oil And Gas Reserves Other
StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesOther
15363000
CY2012 us-gaap Standardized Measure Of Discounted Future Net Cash Flow Of Proved Oil And Gas Reserves Other
StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesOther
-48876000

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