2013 Q4 Form 10-K Financial Statement

#000152812914000057 Filed on February 27, 2014

View on sec.gov

Income Statement

Concept 2013 Q4 2012 Q4 2012 Q3
Revenue $153.4M $151.3M $143.8M
YoY Change 1.38% 8.89% 8.59%
Cost Of Revenue $25.70M $30.30M $28.80M
YoY Change -15.18% 33.48% 42.57%
Gross Profit $127.7M $121.0M $115.0M
YoY Change 5.54% 4.04% 2.4%
Gross Profit Margin 83.24% 79.96% 79.95%
Selling, General & Admin $25.20M $15.90M $14.20M
YoY Change 58.49% 24.22% -23.24%
% of Gross Profit 19.73% 13.14% 12.35%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $47.30M $67.50M $63.27M
YoY Change -29.93% 9.93% 61.98%
% of Gross Profit 37.04% 55.79% 55.01%
Operating Expenses $72.70M $83.10M $77.80M
YoY Change -12.52% 8.49% 34.84%
Operating Profit $55.01M $37.90M $37.21M
YoY Change 45.15% -4.44% -31.86%
Interest Expense $58.70M -$21.00M $24.42M
YoY Change -379.52% -43.7% 90.66%
% of Operating Profit 106.7% -55.41% 65.64%
Other Income/Expense, Net -$48.57M
YoY Change -233.11%
Pretax Income $111.6M $16.80M -$11.36M
YoY Change 564.29% 600.0% -112.47%
Income Tax $43.30M $4.900M -$4.090M
% Of Pretax Income 38.8% 29.17%
Net Earnings $68.20M $11.80M -$7.400M
YoY Change 477.97% 637.5% -112.71%
Net Earnings / Revenue 44.45% 7.8% -5.14%
Basic Earnings Per Share $0.48 $0.09 -$0.06
Diluted Earnings Per Share $0.48 $0.09 -$0.06
COMMON SHARES
Basic Shares Outstanding 142.6M shares 128.2M shares 127.0M shares
Diluted Shares Outstanding 127.0M shares

Balance Sheet

Concept 2013 Q4 2012 Q4 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $198.2M $33.20M $29.10M
YoY Change 496.99% 18.57% 3.19%
Cash & Equivalents $198.2M $33.22M $29.12M
Short-Term Investments
Other Short-Term Assets $12.70M $3.016M $2.197M
YoY Change 321.02% 30.11% -91.68%
Inventory $9.633M
Prepaid Expenses $3.065M
Receivables $77.32M $83.84M $82.25M
Other Receivables $3.042M $4.470M $1.163M
Total Short-Term Assets $307.6M $137.4M $128.1M
YoY Change 123.82% 11.79% 9.52%
LONG-TERM ASSETS
Property, Plant & Equipment $2.204B $2.114B $1.950B
YoY Change 4.28% 53.35% 60.33%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $5.913M $0.00
YoY Change
Other Assets $255.0K $5.558M $5.424M
YoY Change -95.41% -5.19% -96.22%
Total Long-Term Assets $2.316B $2.201B $2.047B
YoY Change 5.24% 46.26% 50.54%
TOTAL ASSETS
Total Short-Term Assets $307.6M $137.4M $128.1M
Total Long-Term Assets $2.316B $2.201B $2.047B
Total Assets $2.624B $2.338B $2.175B
YoY Change 12.21% 43.66% 47.29%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $16.00M $48.67M $52.77M
YoY Change -67.12% 5.79% 54.75%
Accrued Expenses $177.9M $160.1M $138.4M
YoY Change 11.12% 20.47% 67.35%
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 $254.0M $262.1M $232.4M
YoY Change -3.09% 22.26% 51.98%
LONG-TERM LIABILITIES
Long-Term Debt $1.052B $1.217B $1.102B
YoY Change -13.58% 91.03% 25.92%
Other Long-Term Liabilities $5.546M $3.373M $2.868M
YoY Change 64.42% 152.85% -72.42%
Total Long-Term Liabilities $1.057B $1.220B $1.105B
YoY Change -13.36% 91.16% 24.77%
TOTAL LIABILITIES
Total Short-Term Liabilities $254.0M $262.1M $232.4M
Total Long-Term Liabilities $1.057B $1.220B $1.105B
Total Liabilities $1.352B $1.507B $1.357B
YoY Change -10.29% 73.64% 30.72%
SHAREHOLDERS EQUITY
Retained Earnings -$12.98M -$131.0M -$142.8M
YoY Change -90.09% -32.01%
Common Stock $1.285B $1.283M $1.282M
YoY Change 100074.28% 0.55%
Preferred Stock
YoY Change
Treasury Stock (at cost) $0.00 $4.000K $4.000K
YoY Change -100.0% 0.0%
Treasury Stock Shares 0.000 shares 7.609K shares 7.609K shares
Shareholders Equity $1.272B $831.7M $817.4M
YoY Change
Total Liabilities & Shareholders Equity $2.624B $2.338B $2.175B
YoY Change 12.21% 43.66% 47.29%

Cashflow Statement

Concept 2013 Q4 2012 Q4 2012 Q3
OPERATING ACTIVITIES
Net Income $68.20M $11.80M -$7.400M
YoY Change 477.97% 637.5% -112.71%
Depreciation, Depletion And Amortization $47.30M $67.50M $63.27M
YoY Change -29.93% 9.93% 61.98%
Cash From Operating Activities $89.30M $93.30M $83.70M
YoY Change -4.29% -15.49% 16.9%
INVESTING ACTIVITIES
Capital Expenditures -$175.3M -$203.9M -$251.0M
YoY Change -14.03% 8.75% 57.07%
Acquisitions
YoY Change
Other Investing Activities $20.40M $100.0K $0.00
YoY Change 20300.0% 0.0%
Cash From Investing Activities -$154.9M -$203.9M -$251.1M
YoY Change -24.03% 8.75% 57.04%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.500M 114.7M 50.00M
YoY Change -101.31% 49.15% -47.03%
NET CHANGE
Cash From Operating Activities 89.30M 93.30M 83.70M
Cash From Investing Activities -154.9M -203.9M -251.1M
Cash From Financing Activities -1.500M 114.7M 50.00M
Net Change In Cash -67.10M 4.100M -117.4M
YoY Change -1736.59% -2150.0% -2024.59%
FREE CASH FLOW
Cash From Operating Activities $89.30M $93.30M $83.70M
Capital Expenditures -$175.3M -$203.9M -$251.0M
Free Cash Flow $264.6M $297.2M $334.7M
YoY Change -10.97% -0.23% 44.64%

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66000 USD
CY2013Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
16293000 USD
CY2012Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
0 USD
CY2012 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
1293000 USD
CY2013 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
1886000 USD
CY2011 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
1651000 USD
CY2013 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
0.06
CY2013 us-gaap Defined Contribution Plan Employers Matching Contribution Annual Vesting Percentage
DefinedContributionPlanEmployersMatchingContributionAnnualVestingPercentage
1
CY2013 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
1
CY2012 us-gaap Depletion Of Oil And Gas Properties
DepletionOfOilAndGasProperties
237100000 USD
CY2013 us-gaap Depletion Of Oil And Gas Properties
DepletionOfOilAndGasProperties
228000000 USD
CY2011 us-gaap Depletion Of Oil And Gas Properties
DepletionOfOilAndGasProperties
171500000 USD
CY2012 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
241072000 USD
CY2011 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
174119000 USD
CY2013 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
233944000 USD
CY2013Q4 us-gaap Derivative Assets Current
DerivativeAssetsCurrent
15806000 USD
CY2012Q4 us-gaap Derivative Assets Current
DerivativeAssetsCurrent
4644000 USD
CY2012Q4 us-gaap Derivative Assets Noncurrent
DerivativeAssetsNoncurrent
2058000 USD
CY2013Q4 us-gaap Derivative Assets Noncurrent
DerivativeAssetsNoncurrent
79726000 USD
CY2012Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
1325000 USD
CY2013Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
10795000 USD
CY2012Q4 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
3260000 USD
CY2013Q4 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
2680000 USD
CY2013Q4 us-gaap Derivative Number Of Instruments Held
DerivativeNumberOfInstrumentsHeld
37 contract
CY2011 us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
-660000 USD
CY2012 us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
-161000 USD
CY2013 us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
2204000 USD
CY2011 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
-238000 USD
CY2012 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
-54000 USD
CY2013 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
781000 USD
CY2013 us-gaap Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves10 Percent Annual Discount For Estimated Timing Of Cash Flows
DiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves10PercentAnnualDiscountForEstimatedTimingOfCashFlows
3554293000 USD
CY2011 us-gaap Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves10 Percent Annual Discount For Estimated Timing Of Cash Flows
DiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves10PercentAnnualDiscountForEstimatedTimingOfCashFlows
1934807000 USD
CY2012 us-gaap Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves10 Percent Annual Discount For Estimated Timing Of Cash Flows
DiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves10PercentAnnualDiscountForEstimatedTimingOfCashFlows
2910167000 USD
CY2013 us-gaap Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves Future Cash Inflows
DiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesFutureCashInflows
13337798000 USD
CY2011 us-gaap Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves Future Cash Inflows
DiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesFutureCashInflows
8856906000 USD
CY2012 us-gaap Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves Future Cash Inflows
DiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesFutureCashInflows
11636926000 USD
CY2011 us-gaap Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves Future Development Costs1
DiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesFutureDevelopmentCosts1
-1959818000 USD
CY2013 us-gaap Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves Future Development Costs1
DiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesFutureDevelopmentCosts1
-2250950000 USD
CY2012 us-gaap Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves Future Development Costs1
DiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesFutureDevelopmentCosts1
-2252559000 USD
CY2012 us-gaap Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves Future Income Tax Expense1
DiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesFutureIncomeTaxExpense1
-1433373000 USD
CY2013 us-gaap Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves Future Income Tax Expense1
DiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesFutureIncomeTaxExpense1
-2150983000 USD
CY2011 us-gaap Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves Future Income Tax Expense1
DiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesFutureIncomeTaxExpense1
-999185000 USD
CY2011 us-gaap Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves Future Net Cash Flows
DiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesFutureNetCashFlows
3335666000 USD
CY2012 us-gaap Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves Future Net Cash Flows
DiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesFutureNetCashFlows
4787623000 USD
CY2013 us-gaap Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves Future Net Cash Flows
DiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesFutureNetCashFlows
5876497000 USD
CY2013 us-gaap Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves Future Production Costs1
DiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesFutureProductionCosts1
-3059368000 USD
CY2012 us-gaap Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves Future Production Costs1
DiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesFutureProductionCosts1
-3163371000 USD
CY2011 us-gaap Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves Future Production Costs1
DiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesFutureProductionCosts1
-2562237000 USD
CY2012 us-gaap Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves Standardized Measure
DiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesStandardizedMeasure
1877456000 USD
CY2011 us-gaap Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves Standardized Measure
DiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesStandardizedMeasure
1400859000 USD
CY2013 us-gaap Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves Standardized Measure
DiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesStandardizedMeasure
2322204000 USD
CY2012 us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
4186000 USD
CY2013 us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
4020000 USD
CY2011 us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
3923000 USD
CY2013Q4 us-gaap Due From Affiliate Current
DueFromAffiliateCurrent
9064000 USD
CY2012Q4 us-gaap Due From Affiliate Current
DueFromAffiliateCurrent
6244000 USD
CY2013Q4 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
3489000 USD
CY2012Q4 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
0 USD
CY2012 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.49
CY2011 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.98
CY2013 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.89
CY2012Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.06
CY2012Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.09
CY2012Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.24
CY2012Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.21
CY2013Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.09
CY2013Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.28
CY2013Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.01
CY2013Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.48
CY2013 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.88
CY2012 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.48
CY2011 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.98
CY2012Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.24
CY2012Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.09
CY2012Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.20
CY2012Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.06
CY2013Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.48
CY2013Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.01
CY2013Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.27
CY2013Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.09
CY2011 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.36
CY2013 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.39
CY2012 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.35
CY2013 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.34
CY2012Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
10318000 USD
CY2013Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
16711000 USD
CY2013Q4 us-gaap Equity Method Investments
EquityMethodInvestments
5913000 USD
CY2012Q4 us-gaap Equity Method Investments
EquityMethodInvestments
0 USD
CY2011 us-gaap Exploration And Production Costs
ExplorationAndProductionCosts
2675000 USD
CY2012 us-gaap Exploration And Production Costs
ExplorationAndProductionCosts
2452000 USD
CY2013 us-gaap Exploration And Production Costs
ExplorationAndProductionCosts
2688000 USD
CY2013 us-gaap Extensions Discoveries Additions And Improved Recovery Less Related Costs
ExtensionsDiscoveriesAdditionsAndImprovedRecoveryLessRelatedCosts
1166481000 USD
CY2011 us-gaap Extensions Discoveries Additions And Improved Recovery Less Related Costs
ExtensionsDiscoveriesAdditionsAndImprovedRecoveryLessRelatedCosts
529041000 USD
CY2012 us-gaap Extensions Discoveries Additions And Improved Recovery Less Related Costs
ExtensionsDiscoveriesAdditionsAndImprovedRecoveryLessRelatedCosts
1287952000 USD
CY2013 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
79878000 USD
CY2011 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
19736000 USD
CY2012 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
8388000 USD
CY2013 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
89696000 USD
CY2012 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
62106000 USD
CY2013 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 USD
CY2013 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-1508000 USD
CY2012 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-51000 USD
CY2011 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-1000 USD
CY2011 us-gaap Gas Gathering Transportation Marketing And Processing Costs
GasGatheringTransportationMarketingAndProcessingCosts
65000 USD
CY2013 us-gaap Gas Gathering Transportation Marketing And Processing Costs
GasGatheringTransportationMarketingAndProcessingCosts
680000 USD
CY2012 us-gaap Gas Gathering Transportation Marketing And Processing Costs
GasGatheringTransportationMarketingAndProcessingCosts
162000 USD
CY2013 us-gaap Gas Gathering Transportation Marketing And Processing Revenue
GasGatheringTransportationMarketingAndProcessingRevenue
413000 USD
CY2012 us-gaap Gas Gathering Transportation Marketing And Processing Revenue
GasGatheringTransportationMarketingAndProcessingRevenue
325000 USD
CY2011 us-gaap Gas Gathering Transportation Marketing And Processing Revenue
GasGatheringTransportationMarketingAndProcessingRevenue
92000 USD
CY2011 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
51064000 USD
CY2011 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
243000 USD
CY2012 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 USD
CY2013 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
116577000 USD
CY2011 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
105976000 USD
CY2012 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
61761000 USD
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
94764000 USD
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
191084000 USD
CY2011 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
165588000 USD
CY2011 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.99
CY2013 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.88
CY2012 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.49
CY2011 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.98
CY2013 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.87
CY2012 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.48
CY2012 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-107000 USD
CY2011 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-422000 USD
CY2013 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
1423000 USD
CY2013 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.01
CY2012 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.00
CY2011 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.01
CY2012 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
CY2013 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.01
CY2011 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
CY2011 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
0 USD
CY2013 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
29000 USD
CY2012 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
0 USD
CY2011 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
59612000 USD
CY2012 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
33003000 USD
CY2013 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
74507000 USD
CY2013 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
63000 USD
CY2012 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-583000 USD
CY2011 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-660000 USD
CY2012 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
32219000 USD
CY2011 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
56300000 USD
CY2013 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
64969000 USD
CY2011 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
2078000 USD
CY2012 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
1177000 USD
CY2013 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
1070000 USD
CY2013 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
314000 USD
CY2012 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
88000 USD
CY2011 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-606000 USD
CY2012 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
102000 USD
CY2011 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
2530000 USD
CY2013 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
7532000 USD
CY2013 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
0 USD
CY2012 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
0 USD
CY2011 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
30000 USD
CY2013 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-32581000 USD
CY2011 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-3825000 USD
CY2012 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
2665000 USD
CY2011 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
30196000 USD
CY2012 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
9705000 USD
CY2013 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-6825000 USD
CY2013 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
6393000 USD
CY2012 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-952000 USD
CY2011 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
2492000 USD
CY2013 us-gaap Increase Decrease In Estimated Future Development Costs
IncreaseDecreaseInEstimatedFutureDevelopmentCosts
921000 USD
CY2012 us-gaap Increase Decrease In Estimated Future Development Costs
IncreaseDecreaseInEstimatedFutureDevelopmentCosts
-3917000 USD
CY2011 us-gaap Increase Decrease In Estimated Future Development Costs
IncreaseDecreaseInEstimatedFutureDevelopmentCosts
-163399000 USD
CY2013 us-gaap Increase Decrease In Future Income Tax Expense Estimates On Future Cash Flows Related To Proved Oil And Gas Reserves
IncreaseDecreaseInFutureIncomeTaxExpenseEstimatesOnFutureCashFlowsRelatedToProvedOilAndGasReserves
-259991000 USD
CY2011 us-gaap Increase Decrease In Future Income Tax Expense Estimates On Future Cash Flows Related To Proved Oil And Gas Reserves
IncreaseDecreaseInFutureIncomeTaxExpenseEstimatesOnFutureCashFlowsRelatedToProvedOilAndGasReserves
-176165000 USD
CY2012 us-gaap Increase Decrease In Future Income Tax Expense Estimates On Future Cash Flows Related To Proved Oil And Gas Reserves
IncreaseDecreaseInFutureIncomeTaxExpenseEstimatesOnFutureCashFlowsRelatedToProvedOilAndGasReserves
-101955000 USD
CY2011 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
18570000 USD
CY2013 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-221000 USD
CY2012 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
5994000 USD
CY2013 us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
10065000 USD
CY2011 us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
23031000 USD
CY2012 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
-627000 USD
CY2012 us-gaap Interest Costs Incurred
InterestCostsIncurred
86199000 USD
CY2013 us-gaap Interest Costs Incurred
InterestCostsIncurred
100582000 USD
CY2011 us-gaap Interest Costs Incurred
InterestCostsIncurred
50580000 USD
CY2011 us-gaap Interest Expense
InterestExpense
50580000 USD
CY2013 us-gaap Interest Expense
InterestExpense
100327000 USD
CY2012 us-gaap Interest Expense
InterestExpense
85572000 USD
CY2012 us-gaap Interest Expense Debt
InterestExpenseDebt
75265000 USD
CY2012 us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
8801000 USD
CY2013 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
499000 USD
CY2012 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
98000 USD
CY2011 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-149000 USD
CY2011 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
833000 USD
CY2012 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
414000 USD
CY2013 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
7438000 USD
CY2013 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1888000 shares
CY2011 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
912000 shares
CY2012 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1214000 shares
CY2012 us-gaap Interest And Other Income
InterestAndOtherIncome
59000 USD
CY2011 us-gaap Interest And Other Income
InterestAndOtherIncome
108000 USD
CY2013 us-gaap Interest And Other Income
InterestAndOtherIncome
163000 USD
CY2011 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
0 USD
CY2013 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
-255000 USD
CY2011 us-gaap Interest Expense Debt
InterestExpenseDebt
31157000 USD
CY2013 us-gaap Interest Expense Debt
InterestExpenseDebt
95877000 USD
CY2011 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
-3378000 USD
CY2012 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
0 USD
CY2013 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
0 USD
CY2012 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-85513000 USD
CY2013 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-100164000 USD
CY2011 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-50472000 USD
CY2013 us-gaap Interest Paid
InterestPaid
95622000 USD
CY2011 us-gaap Interest Paid
InterestPaid
31157000 USD
CY2012 us-gaap Interest Paid
InterestPaid
74638000 USD
CY2011 us-gaap Interest Paid Capitalized
InterestPaidCapitalized
0 USD
CY2012 us-gaap Interest Paid Capitalized
InterestPaidCapitalized
567000 USD
CY2013 us-gaap Interest Paid Capitalized
InterestPaidCapitalized
255000 USD
CY2012Q4 us-gaap Interest Payable Current
InterestPayableCurrent
26106000 USD
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CY2012 us-gaap Lease Operating Expense
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CY2012Q4 us-gaap Liabilities And Stockholders Equity
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CY2011 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2012 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2012 us-gaap Net Cash Provided By Used In Financing Activities
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Organization</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company (defined below) is an independent energy company focused on the exploration, development and acquisition of oil and natural gas properties primarily in the Permian Basin in West Texas. On August 1, 2013, the Company sold its properties in the Mid-Continent region of the United States (as further described below).</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Laredo Petroleum,&#160;Inc. (&#8220;Laredo&#8221;), formerly known as Laredo Petroleum Holdings, Inc., was formed pursuant to the laws of the State of Delaware on August&#160;12, 2011 for purposes of a Corporate Reorganization (defined below) and initial public offering of its common stock (the "IPO"). On December 19, 2011, Laredo Petroleum, LLC ("Laredo LLC"), a Delaware limited liability company, was merged with and into Laredo, with Laredo surviving the merger (the "Corporate Reorganization"). As a holding company, Laredo's management operations were conducted through its wholly-owned subsidiary, Laredo Petroleum, Inc. ("Laredo Inc"), a Delaware corporation, and Laredo Inc&#8217;s subsidiaries, Laredo Petroleum Texas,&#160;LLC (&#8220;Laredo Texas&#8221;), a Texas limited liability company, Laredo Gas Services,&#160;LLC (&#8220;Laredo Gas&#8221;), a Delaware limited liability company, and Laredo Petroleum&#8212;Dallas,&#160;Inc. (&#8220;Laredo Dallas&#8221;), a Delaware corporation. </font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Effective December 31, 2013, an internal corporate reorganization was completed, which simplified the corporate structure. Two of Laredo Inc's subsidiaries, Laredo Texas and Laredo Dallas, were merged with and into Laredo Inc. The sole remaining wholly-owned subsidiary of Laredo Inc, Laredo Gas, changed its name to Laredo Midstream Services, LLC ("Laredo Midstream" or "Guarantor"). Laredo Inc merged with and into Laredo with Laredo surviving and changing its name to &#8216;&#8216;Laredo Petroleum, Inc.&#8217;&#8217;(the events described in this paragraph collectively, the "Internal Consolidation"). </font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On July&#160;1, 2011, Laredo&#160;LLC and Laredo Inc completed the acquisition of Broad Oak Energy,&#160;Inc. ("Broad Oak"), a Delaware corporation, for a combination of equity and cash. Prior to the acquisition, Broad Oak was owned by its management and Warburg Pincus Private Equity IX,&#160;L.P. ("Warburg Pincus IX"). On July&#160;19, 2011, Broad Oak's name was changed to Laredo Petroleum&#8212;Dallas,&#160;Inc.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On December&#160;19, 2011, immediately prior to the IPO, Laredo&#160;LLC merged with and into Laredo, with Laredo being the surviving entity. Warburg Pincus IX and other affiliates of Warburg Pincus&#160;LLC ("Warburg Pincus") were majority owners of Laredo&#160;LLC and until November 25, 2013 were of Laredo. The preferred units and certain series of restricted units of Laredo&#160;LLC were exchanged into shares of common stock of Laredo based on the pre-offering equity value of such units in the Corporate Reorganization. The common stock has one vote per share and a par value of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$0.01</font><font style="font-family:inherit;font-size:10pt;"> per share.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In these notes, the "Company," (i) when used in the present tense, prospectively or as of December 31, 2013, refers to Laredo and Laredo Midstream collectively; (ii) when used for historical periods from December 19, 2011 to December 30, 2013, refers to Laredo and its subsidiaries, collectively; and (iii) when used for historical periods prior to December&#160;19, 2011 refers to Laredo&#160;LLC, Laredo Inc and its subsidiaries, collectively, unless the context indicates otherwise. All amounts, dollars and percentages presented in these consolidated financial statements and the related notes are rounded and therefore approximate.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On August 19, 2013, Laredo, together with certain affiliates of Warburg Pincus and members of the Company's management (together with Warburg Pincus, the "Selling Stockholders") completed the sale of (i) </font><font style="font-family:inherit;font-size:10pt;">13,000,000</font><font style="font-family:inherit;font-size:10pt;"> shares of Laredo's common stock by Laredo and (ii) </font><font style="font-family:inherit;font-size:10pt;">3,000,000</font><font style="font-family:inherit;font-size:10pt;"> shares of Laredo's common stock by the Selling Stockholders, at a price to the public of </font><font style="font-family:inherit;font-size:10pt;">$23.75</font><font style="font-family:inherit;font-size:10pt;"> per share (</font><font style="font-family:inherit;font-size:10pt;">$22.9781</font><font style="font-family:inherit;font-size:10pt;"> per share, net of underwriting discounts) (the "Follow-on Offering"). On August 27, 2013, certain of the Selling Stockholders sold an additional </font><font style="font-family:inherit;font-size:10pt;">1,577,583</font><font style="font-family:inherit;font-size:10pt;"> shares of Laredo's common stock pursuant to the option to purchase additional shares of Laredo's common stock granted to the associated underwriters. The Company received net proceeds of </font><font style="font-family:inherit;font-size:10pt;">$298.1 million</font><font style="font-family:inherit;font-size:10pt;">, after underwriting discounts, commissions, and offering expenses as a result of the Follow-on Offering. The Company did not receive any proceeds from either of the sales of shares of Laredo's common stock by the Selling Stockholders. </font></div></div>
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CY2012 us-gaap Payments To Acquire Equity Method Investments
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CY2013Q4 us-gaap Preferred Stock Shares Issued
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CY2013Q4 us-gaap Preferred Stock Value
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CY2011 us-gaap Previously Estimated Development Costs Incurred During Period
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CY2012 us-gaap Previously Estimated Development Costs Incurred During Period
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Reclassifications</font></div><div style="line-height:120%;padding-top:10px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain amounts in the accompanying consolidated financial statements have been reclassified to conform to the 2013 presentation. These reclassifications had no impact to previously reported net income or losses, total stockholders' equity or cash flows.</font></div></div>
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CY2012 us-gaap Proceeds From Issuance Of Long Term Debt
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CY2011 us-gaap Proceeds From Issuance Of Senior Long Term Debt
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CY2012 us-gaap Proceeds From Long Term Lines Of Credit
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CY2013 us-gaap Proceeds From Stock Options Exercised
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CY2011 us-gaap Provision For Doubtful Accounts
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CY2012 us-gaap Repayments Of Long Term Lines Of Credit
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CY2012 us-gaap Results Of Operations Income Tax Expense
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CY2013 us-gaap Results Of Operations Income Tax Expense
ResultsOfOperationsIncomeTaxExpense
112984000 USD
CY2011 us-gaap Results Of Operations Oil And Gas Producing Activities Net Income Excluding Corporate Overhead And Interest Costs
ResultsOfOperationsOilAndGasProducingActivitiesNetIncomeExcludingCorporateOverheadAndInterestCosts
165654000 USD
CY2012 us-gaap Results Of Operations Oil And Gas Producing Activities Net Income Excluding Corporate Overhead And Interest Costs
ResultsOfOperationsOilAndGasProducingActivitiesNetIncomeExcludingCorporateOverheadAndInterestCosts
156591000 USD
CY2013 us-gaap Results Of Operations Oil And Gas Producing Activities Net Income Excluding Corporate Overhead And Interest Costs
ResultsOfOperationsOilAndGasProducingActivitiesNetIncomeExcludingCorporateOverheadAndInterestCosts
200861000 USD
CY2011 us-gaap Results Of Operations Production Or Lifting Costs
ResultsOfOperationsProductionOrLiftingCosts
75288000 USD
CY2013 us-gaap Results Of Operations Production Or Lifting Costs
ResultsOfOperationsProductionOrLiftingCosts
121532000 USD
CY2012 us-gaap Results Of Operations Production Or Lifting Costs
ResultsOfOperationsProductionOrLiftingCosts
104962000 USD
CY2012Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-130980000 USD
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-12980000 USD
CY2011 us-gaap Revisions Of Previous Quantity Estimates
RevisionsOfPreviousQuantityEstimates
-70021000 USD
CY2012 us-gaap Revisions Of Previous Quantity Estimates
RevisionsOfPreviousQuantityEstimates
-631693000 USD
CY2013Q4 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
1303000 USD
CY2012Q4 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
2121000 USD
CY2013 us-gaap Sales And Transfers Of Oil And Gas Produced Net Of Production Costs
SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts
-543312000 USD
CY2011 us-gaap Sales And Transfers Of Oil And Gas Produced Net Of Production Costs
SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts
-430967000 USD
CY2012 us-gaap Sales And Transfers Of Oil And Gas Produced Net Of Production Costs
SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts
-478607000 USD
CY2012 us-gaap Sales Revenue Net
SalesRevenueNet
583894000 USD
CY2013 us-gaap Sales Revenue Net
SalesRevenueNet
665257000 USD
CY2011 us-gaap Sales Revenue Net
SalesRevenueNet
506347000 USD
CY2012Q1 us-gaap Sales Revenue Net
SalesRevenueNet
149012000 USD
CY2012Q4 us-gaap Sales Revenue Net
SalesRevenueNet
151332000 USD
CY2012Q2 us-gaap Sales Revenue Net
SalesRevenueNet
139715000 USD
CY2012Q3 us-gaap Sales Revenue Net
SalesRevenueNet
143835000 USD
CY2013Q1 us-gaap Sales Revenue Net
SalesRevenueNet
163705000 USD
CY2013Q3 us-gaap Sales Revenue Net
SalesRevenueNet
170840000 USD
CY2013Q4 us-gaap Sales Revenue Net
SalesRevenueNet
153416000 USD
CY2013Q2 us-gaap Sales Revenue Net
SalesRevenueNet
177296000 USD
CY2013 us-gaap Share Based Compensation
ShareBasedCompensation
21433000 USD
CY2011 us-gaap Share Based Compensation
ShareBasedCompensation
6111000 USD
CY2012 us-gaap Share Based Compensation
ShareBasedCompensation
10056000 USD
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Plan Modification Incremental Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardPlanModificationIncrementalCompensationCost
4700000 USD
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Plan Modification Number Of Employees Affected
ShareBasedCompensationArrangementByShareBasedPaymentAwardPlanModificationNumberOfEmployeesAffected
20 people
CY2011 us-gaap Standardized Measure Of Discounted Future Net Cash Flow Of Proved Oil And Gas Reserves Other
StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesOther
0 USD
CY2012 us-gaap Standardized Measure Of Discounted Future Net Cash Flow Of Proved Oil And Gas Reserves Other
StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesOther
25041000 USD
CY2013 us-gaap Standardized Measure Of Discounted Future Net Cash Flow Of Proved Oil And Gas Reserves Other
StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesOther
7604000 USD
CY2012Q4 us-gaap Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
1877456000 USD
CY2013Q4 us-gaap Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
2322204000 USD
CY2010Q4 us-gaap Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
869982000 USD
CY2011Q4 us-gaap Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
1400859000 USD
us-gaap Stock Issued1
StockIssued1
0 USD
CY2011 us-gaap Stock Issued1
StockIssued1
0 USD
us-gaap Stock Issued1
StockIssued1
3029000 USD
CY2011 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
20125000 shares
CY2013 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
3029000 USD
CY2011 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
-81963000 USD
CY2013 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
298104000 USD
CY2011 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
319378000 USD
CY2011 us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
-1000 USD
CY2011 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
5961000 USD
CY2013 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
2050000 USD
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
1272256000 USD
CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
831723000 USD
CY2011Q4 us-gaap Stockholders Equity
StockholdersEquity
760013000 USD
CY2010Q4 us-gaap Stockholders Equity
StockholdersEquity
411099000 USD
CY2011 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
4000 USD
CY2013 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
0 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2012Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2011Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2012Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
7609 shares
CY2013Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
0 shares
CY2012Q4 us-gaap Treasury Stock Value
TreasuryStockValue
4000 USD
CY2013Q4 us-gaap Treasury Stock Value
TreasuryStockValue
0 USD
CY2013 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of estimates in the preparation of consolidated financial statements</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of the accompanying consolidated financial statements in conformity with GAAP requires management of the Company to make estimates and assumptions about future events. These estimates and the underlying assumptions affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Although management believes these estimates are reasonable, actual results could differ from these estimates.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Significant estimates include, but are not limited to, (i) estimates of the Company&#8217;s reserves of oil and natural gas, (ii) future cash flows from oil and natural gas properties, (iii) depletion, depreciation and amortization, (iv) asset retirement obligations, (v) stock-based compensation, (vi) deferred income taxes, (vii) fair value of assets acquired and liabilities assumed in an acquisition and (viii) fair values of commodity derivatives, interest rate derivatives, commodity deferred premiums and performance unit awards. As fair value is a market-based measurement, it is determined based on the assumptions that market participants would use. These estimates and assumptions are based on management&#8217;s best judgment. Management evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors, including the current economic environment. Such estimates and assumptions are adjusted when facts and circumstances dictate. Illiquid credit markets and volatile equity and energy markets have combined to increase the uncertainty inherent in such estimates and assumptions. Management believes its estimates and assumptions to be reasonable under the circumstances. As future events and their effects cannot be determined with precision, actual values and results could differ from these estimates. Any changes in estimates resulting from future changes in the economic environment will be reflected in the financial statements in future periods.</font></div></div>
CY2013 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
134378000 shares
CY2011 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
108099000 shares
CY2012 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
128171000 shares
CY2011 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
107187000 shares
CY2012 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
126957000 shares
CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
132490000 shares
CY2012 us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
0 USD
CY2013 us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
1502000 USD
CY2011 us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
6195000 USD
CY2012Q4 lpi Accounts Receivable Oil And Gas Sales Net Current
AccountsReceivableOilAndGasSalesNetCurrent
48445000 USD
CY2013Q4 lpi Accounts Receivable Oil And Gas Sales Net Current
AccountsReceivableOilAndGasSalesNetCurrent
57647000 USD
CY2012Q4 lpi Accrued Capital Expenditures Current
AccruedCapitalExpendituresCurrent
121612000 USD
CY2013Q4 lpi Accrued Capital Expenditures Current
AccruedCapitalExpendituresCurrent
116328000 USD
CY2012Q4 lpi Accumulated Depreciation Depletion Amortization And Impairment Property Plant And Equipment
AccumulatedDepreciationDepletionAmortizationAndImpairmentPropertyPlantAndEquipment
1139797000 USD
CY2013Q4 lpi Accumulated Depreciation Depletion Amortization And Impairment Property Plant And Equipment
AccumulatedDepreciationDepletionAmortizationAndImpairmentPropertyPlantAndEquipment
1364875000 USD
CY2013 lpi Adjustmentsto Additional Paidin Capital Income Tax Benefitfrom Sharebased Compensation Potential Amount
AdjustmentstoAdditionalPaidinCapitalIncomeTaxBenefitfromSharebasedCompensationPotentialAmount
900000 USD
CY2013 lpi Amortizationof Financing Costs Continuingand Discontinued Operations
AmortizationofFinancingCostsContinuingandDiscontinuedOperations
5023000 USD
CY2012 lpi Amortizationof Financing Costs Continuingand Discontinued Operations
AmortizationofFinancingCostsContinuingandDiscontinuedOperations
4816000 USD
CY2011 lpi Amortizationof Financing Costs Continuingand Discontinued Operations
AmortizationofFinancingCostsContinuingandDiscontinuedOperations
3871000 USD
lpi Capitalized Asset Retirement Cost
CapitalizedAssetRetirementCost
7379000 USD
CY2011 lpi Capitalized Asset Retirement Cost
CapitalizedAssetRetirementCost
4520000 USD
CY2011 lpi Cash Settlements Of Matured Derivative Financial Instruments Net
CashSettlementsOfMaturedDerivativeFinancialInstrumentsNet
-1154000 USD
CY2013 lpi Cash Settlements Of Matured Derivative Financial Instruments Net
CashSettlementsOfMaturedDerivativeFinancialInstrumentsNet
3745000 USD
CY2012 lpi Cash Settlements Of Matured Derivative Financial Instruments Net
CashSettlementsOfMaturedDerivativeFinancialInstrumentsNet
24910000 USD
CY2013 lpi Asset Retirement Obligation Settled Upon Plugging And Abandonment
AssetRetirementObligationSettledUponPluggingAndAbandonment
226000 USD
CY2012 lpi Asset Retirement Obligation Settled Upon Plugging And Abandonment
AssetRetirementObligationSettledUponPluggingAndAbandonment
148000 USD
lpi Capitalized Asset Retirement Cost
CapitalizedAssetRetirementCost
6790000 USD
CY2012 lpi Change In Net Present Value Of Deferred Premiums For Derivative Financial Instruments
ChangeInNetPresentValueOfDeferredPremiumsForDerivativeFinancialInstruments
668000 USD
CY2011 lpi Change In Net Present Value Of Deferred Premiums For Derivative Financial Instruments
ChangeInNetPresentValueOfDeferredPremiumsForDerivativeFinancialInstruments
471000 USD
CY2013 lpi Change In Net Present Value Of Deferred Premiums For Derivative Financial Instruments
ChangeInNetPresentValueOfDeferredPremiumsForDerivativeFinancialInstruments
462000 USD
CY2012 lpi Changes Due To Timing Differences And Other
ChangesDueToTimingDifferencesAndOther
-129651000 USD
CY2011 lpi Changes Due To Timing Differences And Other
ChangesDueToTimingDifferencesAndOther
-37634000 USD
CY2013 lpi Changes Due To Timing Differences And Other
ChangesDueToTimingDifferencesAndOther
-135041000 USD
CY2012 lpi Comprehensive Provision For Income Taxes Continuing And Discontinued Operations
ComprehensiveProvisionForIncomeTaxesContinuingAndDiscontinuedOperations
32949000 USD
CY2013 lpi Comprehensive Provision For Income Taxes Continuing And Discontinued Operations
ComprehensiveProvisionForIncomeTaxesContinuingAndDiscontinuedOperations
75288000 USD
CY2011 lpi Comprehensive Provision For Income Taxes Continuing And Discontinued Operations
ComprehensiveProvisionForIncomeTaxesContinuingAndDiscontinuedOperations
59374000 USD
CY2013Q4 lpi Deferred Finance Costs Amortization Expense After Year Five
DeferredFinanceCostsAmortizationExpenseAfterYearFive
4260000 USD
CY2013Q4 lpi Deferred Finance Costs Amortization Expense Next Twelve Months
DeferredFinanceCostsAmortizationExpenseNextTwelveMonths
4258000 USD
CY2013Q4 lpi Deferred Finance Costs Amortization Expense Year Five
DeferredFinanceCostsAmortizationExpenseYearFive
4252000 USD
CY2013Q4 lpi Deferred Finance Costs Amortization Expense Year Four
DeferredFinanceCostsAmortizationExpenseYearFour
4457000 USD
CY2013Q4 lpi Deferred Finance Costs Amortization Expense Year Three
DeferredFinanceCostsAmortizationExpenseYearThree
4386000 USD
CY2013Q4 lpi Deferred Finance Costs Amortization Expense Year Two
DeferredFinanceCostsAmortizationExpenseYearTwo
4320000 USD
CY2013 lpi Deferred Income Tax Stock Based Compensation Tax Deficiency
DeferredIncomeTaxStockBasedCompensationTaxDeficiency
600000 USD
CY2011 lpi Deferred Income Tax Stock Based Compensation Tax Deficiency
DeferredIncomeTaxStockBasedCompensationTaxDeficiency
0 USD
CY2012 lpi Deferred Income Tax Stock Based Compensation Tax Deficiency
DeferredIncomeTaxStockBasedCompensationTaxDeficiency
0 USD
CY2012 lpi Depreciation Depletion And Amortization Continuing And Discontinued Operations
DepreciationDepletionAndAmortizationContinuingAndDiscontinuedOperations
243649000 USD
CY2011 lpi Depreciation Depletion And Amortization Continuing And Discontinued Operations
DepreciationDepletionAndAmortizationContinuingAndDiscontinuedOperations
176366000 USD
CY2013 lpi Depreciation Depletion And Amortization Continuing And Discontinued Operations
DepreciationDepletionAndAmortizationContinuingAndDiscontinuedOperations
234571000 USD
CY2013 lpi Derivative Deferred Premium Paid
DerivativeDeferredPremiumPaid
2200000 USD
CY2013 lpi Discount Rate Full Cost Ceiling
DiscountRateFullCostCeiling
0.1
CY2013 lpi Disposal Group Including Discontinued Operation Depreciation Depletion And Amortization
DisposalGroupIncludingDiscontinuedOperationDepreciationDepletionAndAmortization
627000 USD
CY2012 lpi Disposal Group Including Discontinued Operation Depreciation Depletion And Amortization
DisposalGroupIncludingDiscontinuedOperationDepreciationDepletionAndAmortization
2577000 USD
CY2011 lpi Disposal Group Including Discontinued Operation Depreciation Depletion And Amortization
DisposalGroupIncludingDiscontinuedOperationDepreciationDepletionAndAmortization
2247000 USD
CY2013 lpi Disposal Group Including Discontinued Operation Impairment Expense
DisposalGroupIncludingDiscontinuedOperationImpairmentExpense
0 USD
CY2012 lpi Disposal Group Including Discontinued Operation Impairment Expense
DisposalGroupIncludingDiscontinuedOperationImpairmentExpense
0 USD
CY2011 lpi Disposal Group Including Discontinued Operation Impairment Expense
DisposalGroupIncludingDiscontinuedOperationImpairmentExpense
243000 USD
CY2013 lpi Disposal Group Including Discontinued Operation Non Operating Expense
DisposalGroupIncludingDiscontinuedOperationNonOperatingExpense
0 USD
CY2012 lpi Disposal Group Including Discontinued Operation Non Operating Expense
DisposalGroupIncludingDiscontinuedOperationNonOperatingExpense
1000 USD
CY2011 lpi Disposal Group Including Discontinued Operation Non Operating Expense
DisposalGroupIncludingDiscontinuedOperationNonOperatingExpense
39000 USD
CY2012 lpi Disposal Groups Discontinued Operations Costs And Expenses Amount
DisposalGroupsDiscontinuedOperationsCostsAndExpensesAmount
4346000 USD
CY2011 lpi Gas Gathering Transportation Marketingand Processing Costs Related Party
GasGatheringTransportationMarketingandProcessingCostsRelatedParty
0 USD
CY2013 lpi Gas Gathering Transportation Marketingand Processing Costs Related Party
GasGatheringTransportationMarketingandProcessingCostsRelatedParty
891000 USD
CY2013 lpi Gain Losson Dispositionof Assets Continuingand Discontinued Operations
GainLossonDispositionofAssetsContinuingandDiscontinuedOperations
-1508000 USD
CY2012 lpi Gain Losson Dispositionof Assets Continuingand Discontinued Operations
GainLossonDispositionofAssetsContinuingandDiscontinuedOperations
-52000 USD
CY2011 lpi Gain Losson Dispositionof Assets Continuingand Discontinued Operations
GainLossonDispositionofAssetsContinuingandDiscontinuedOperations
-40000 USD
CY2013 lpi Gas Balancing Asset Liability Period Increase Decrease Net
GasBalancingAssetLiabilityPeriodIncreaseDecreaseNet
30000 USD
CY2012 lpi Income Tax Reconciliation Stock Based Compensation Tax Deficiency
IncomeTaxReconciliationStockBasedCompensationTaxDeficiency
0 USD
CY2012 lpi Gas Gathering Transportation Marketingand Processing Costs Related Party
GasGatheringTransportationMarketingandProcessingCostsRelatedParty
0 USD
CY2011 lpi Income Tax Reconciliation Stock Based Compensation Tax Deficiency
IncomeTaxReconciliationStockBasedCompensationTaxDeficiency
0 USD
CY2013 lpi Income Tax Reconciliation Stock Based Compensation Tax Deficiency
IncomeTaxReconciliationStockBasedCompensationTaxDeficiency
559000 USD
CY2013 lpi Increase Decrease In Fair Value Of Performance Unit Awards
IncreaseDecreaseInFairValueOfPerformanceUnitAwards
4733000 USD
CY2012 lpi Increase Decrease In Fair Value Of Performance Unit Awards
IncreaseDecreaseInFairValueOfPerformanceUnitAwards
1797000 USD
CY2011 lpi Increase Decrease In Fair Value Of Performance Unit Awards
IncreaseDecreaseInFairValueOfPerformanceUnitAwards
0 USD
CY2012 lpi Increase Decrease In Undistributed Revenue And Accrued Royalties
IncreaseDecreaseInUndistributedRevenueAndAccruedRoyalties
9221000 USD
CY2013 lpi Disposal Groups Discontinued Operations Costs And Expenses Amount
DisposalGroupsDiscontinuedOperationsCostsAndExpensesAmount
1816000 USD
CY2011 lpi Disposal Groups Discontinued Operations Costs And Expenses Amount
DisposalGroupsDiscontinuedOperationsCostsAndExpensesAmount
4544000 USD
CY2012 lpi Disposal Groups Discontinued Operations Drilling And Production
DisposalGroupsDiscontinuedOperationsDrillingAndProduction
463000 USD
CY2013 lpi Disposal Groups Discontinued Operations Drilling And Production
DisposalGroupsDiscontinuedOperationsDrillingAndProduction
-18000 USD
CY2011 lpi Disposal Groups Discontinued Operations Drilling And Production
DisposalGroupsDiscontinuedOperationsDrillingAndProduction
1142000 USD
CY2013 lpi Disposal Groups Natural Gas Transportation And Treating Costs
DisposalGroupsNaturalGasTransportationAndTreatingCosts
1207000 USD
CY2012 lpi Disposal Groups Natural Gas Transportation And Treating Costs
DisposalGroupsNaturalGasTransportationAndTreatingCosts
1306000 USD
CY2011 lpi Disposal Groups Natural Gas Transportation And Treating Costs
DisposalGroupsNaturalGasTransportationAndTreatingCosts
912000 USD
CY2013 lpi Disposal Groups Natural Gas Transportation And Treating Revenue
DisposalGroupsNaturalGasTransportationAndTreatingRevenue
4020000 USD
CY2011 lpi Disposal Groups Natural Gas Transportation And Treating Revenue
DisposalGroupsNaturalGasTransportationAndTreatingRevenue
3923000 USD
CY2012 lpi Disposal Groups Natural Gas Transportation And Treating Revenue
DisposalGroupsNaturalGasTransportationAndTreatingRevenue
4186000 USD
CY2013 lpi Full Cost Methodof Accountingfor Investmentsin Oiland Gas Properties Unweighted Arithmetic Average Rate
FullCostMethodofAccountingforInvestmentsinOilandGasPropertiesUnweightedArithmeticAverageRate
3.57
CY2011 lpi Full Cost Methodof Accountingfor Investmentsin Oiland Gas Properties Unweighted Arithmetic Average Rate
FullCostMethodofAccountingforInvestmentsinOilandGasPropertiesUnweightedArithmeticAverageRate
3.99
CY2012 lpi Full Cost Methodof Accountingfor Investmentsin Oiland Gas Properties Unweighted Arithmetic Average Rate
FullCostMethodofAccountingforInvestmentsinOilandGasPropertiesUnweightedArithmeticAverageRate
91.21
CY2013 lpi Full Cost Methodof Accountingfor Investmentsin Oiland Gas Properties Unweighted Arithmetic Average Rate
FullCostMethodofAccountingforInvestmentsinOilandGasPropertiesUnweightedArithmeticAverageRate
93.52
CY2011 lpi Full Cost Methodof Accountingfor Investmentsin Oiland Gas Properties Unweighted Arithmetic Average Rate
FullCostMethodofAccountingforInvestmentsinOilandGasPropertiesUnweightedArithmeticAverageRate
92.71
CY2012 lpi Full Cost Methodof Accountingfor Investmentsin Oiland Gas Properties Unweighted Arithmetic Average Rate
FullCostMethodofAccountingforInvestmentsinOilandGasPropertiesUnweightedArithmeticAverageRate
2.63
CY2011 lpi Increase Decrease In Undistributed Revenue And Accrued Royalties
IncreaseDecreaseInUndistributedRevenueAndAccruedRoyalties
16180000 USD
CY2013 lpi Increase Decrease In Undistributed Revenue And Accrued Royalties
IncreaseDecreaseInUndistributedRevenueAndAccruedRoyalties
-941000 USD
CY2013 lpi Jointly Owned Oil And Natural Gas Property Fees Received For Operation
JointlyOwnedOilAndNaturalGasPropertyFeesReceivedForOperation
3398000 USD
CY2012 lpi Jointly Owned Oil And Natural Gas Property Fees Received For Operation
JointlyOwnedOilAndNaturalGasPropertyFeesReceivedForOperation
2335000 USD
CY2011 lpi Jointly Owned Oil And Natural Gas Property Fees Received For Operation
JointlyOwnedOilAndNaturalGasPropertyFeesReceivedForOperation
2241000 USD
CY2013Q4 lpi Lease Operating Expense Accrual
LeaseOperatingExpenseAccrual
10637000 USD
CY2012Q4 lpi Lease Operating Expense Accrual
LeaseOperatingExpenseAccrual
9766000 USD
CY2013 lpi Numberof Removed Locationsin New Provedand Undeveloped Locations
NumberofRemovedLocationsinNewProvedandUndevelopedLocations
174 location
CY2013 lpi Numberof Revised Locationsin New Proved Undeveloped Locations
NumberofRevisedLocationsinNewProvedUndevelopedLocations
501 location
CY2012Q4 lpi Other Assets Current Not Separately Disclosed
OtherAssetsCurrentNotSeparatelyDisclosed
53597000 USD
CY2013Q4 lpi Other Assets Current Not Separately Disclosed
OtherAssetsCurrentNotSeparatelyDisclosed
230291000 USD
CY2012Q4 lpi Other Assets Noncurrent Not Separately Disclosed
OtherAssetsNoncurrentNotSeparatelyDisclosed
86976000 USD
CY2013Q4 lpi Other Assets Noncurrent Not Separately Disclosed
OtherAssetsNoncurrentNotSeparatelyDisclosed
105914000 USD
CY2012Q4 lpi Other Liabilities Current Not Separately Disclosed
OtherLiabilitiesCurrentNotSeparatelyDisclosed
213396000 USD
CY2013Q4 lpi Other Liabilities Current Not Separately Disclosed
OtherLiabilitiesCurrentNotSeparatelyDisclosed
237967000 USD
CY2012Q4 lpi Other Liabilities Noncurrent Not Separately Disclosed
OtherLiabilitiesNoncurrentNotSeparatelyDisclosed
27753000 USD
CY2013Q4 lpi Other Liabilities Noncurrent Not Separately Disclosed
OtherLiabilitiesNoncurrentNotSeparatelyDisclosed
45997000 USD
CY2012 lpi Payments To Acquire Pipeline And Gathering Assets
PaymentsToAcquirePipelineAndGatheringAssets
16241000 USD
CY2011 lpi Payments To Acquire Pipeline And Gathering Assets
PaymentsToAcquirePipelineAndGatheringAssets
13368000 USD
CY2013 lpi Payments To Acquire Pipeline And Gathering Assets
PaymentsToAcquirePipelineAndGatheringAssets
24409000 USD
CY2013 lpi Percentage Of Proved Reserves Estimated By Independent Reserve Engineers
PercentageOfProvedReservesEstimatedByIndependentReserveEngineers
1.00
CY2012 lpi Percentage Of Proved Reserves Estimated By Independent Reserve Engineers
PercentageOfProvedReservesEstimatedByIndependentReserveEngineers
1.00
CY2011 lpi Percentage Of Proved Reserves Estimated By Independent Reserve Engineers
PercentageOfProvedReservesEstimatedByIndependentReserveEngineers
1.00
CY2013Q4 lpi Pipeline And Gas Gathering Assets
PipelineAndGasGatheringAssets
44255000 USD
CY2012Q4 lpi Pipeline And Gas Gathering Assets
PipelineAndGasGatheringAssets
74877000 USD
CY2012Q4 lpi Pipeline And Gas Gathering Assets Net
PipelineAndGasGatheringAssetsNet
65292000 USD
CY2013Q4 lpi Pipeline And Gas Gathering Assets Net
PipelineAndGasGatheringAssetsNet
41498000 USD
CY2011 lpi Premiums Paid For Derivative Financial Instruments
PremiumsPaidForDerivativeFinancialInstruments
555000 USD
CY2013 lpi Premiums Paid For Derivative Financial Instruments
PremiumsPaidForDerivativeFinancialInstruments
10277000 USD
CY2012 lpi Premiums Paid For Derivative Financial Instruments
PremiumsPaidForDerivativeFinancialInstruments
6118000 USD
CY2013Q4 lpi Prepaid Drilling Liability Current
PrepaidDrillingLiabilityCurrent
1393000 USD
CY2012Q4 lpi Prepaid Drilling Liability Current
PrepaidDrillingLiabilityCurrent
2916000 USD
CY2013 lpi Proceeds From Cash Settlements Early Terminationsof Derivative Financial Instruments Net
ProceedsFromCashSettlementsEarlyTerminationsofDerivativeFinancialInstrumentsNet
6008000 USD
CY2012 lpi Proceeds From Cash Settlements Early Terminationsof Derivative Financial Instruments Net
ProceedsFromCashSettlementsEarlyTerminationsofDerivativeFinancialInstrumentsNet
0 USD
CY2011 lpi Proceeds From Cash Settlements Early Terminationsof Derivative Financial Instruments Net
ProceedsFromCashSettlementsEarlyTerminationsofDerivativeFinancialInstrumentsNet
0 USD
CY2012 lpi Proved Developedand Undeveloped Reserve Extensions Discoveriesand Additions Energy
ProvedDevelopedandUndevelopedReserveExtensionsDiscoveriesandAdditionsEnergy
96127000 MBoe
CY2013 lpi Proved Developedand Undeveloped Reserve Extensions Discoveriesand Additions Energy
ProvedDevelopedandUndevelopedReserveExtensionsDiscoveriesandAdditionsEnergy
69888000 MBoe
CY2011 lpi Proved Developedand Undeveloped Reserve Extensions Discoveriesand Additions Energy
ProvedDevelopedandUndevelopedReserveExtensionsDiscoveriesandAdditionsEnergy
37553000 MBoe
CY2012Q4 lpi Proved Developedand Undeveloped Reserve Net Energy
ProvedDevelopedandUndevelopedReserveNetEnergy
188632000 MBoe
CY2011Q4 lpi Proved Developedand Undeveloped Reserve Net Energy
ProvedDevelopedandUndevelopedReserveNetEnergy
156453000 MBoe
CY2010Q4 lpi Proved Developedand Undeveloped Reserve Net Energy
ProvedDevelopedandUndevelopedReserveNetEnergy
136560000 MBoe
CY2013Q4 lpi Proved Developedand Undeveloped Reserve Net Energy
ProvedDevelopedandUndevelopedReserveNetEnergy
203615000 MBoe
CY2012 lpi Proved Developedand Undeveloped Reserve Production Energy
ProvedDevelopedandUndevelopedReserveProductionEnergy
11300000 MBoe
CY2011 lpi Proved Developedand Undeveloped Reserve Production Energy
ProvedDevelopedandUndevelopedReserveProductionEnergy
8654000 MBoe
CY2013 lpi Proved Developedand Undeveloped Reserve Production Energy
ProvedDevelopedandUndevelopedReserveProductionEnergy
11211000 MBoe
CY2012 lpi Proved Developedand Undeveloped Reserve Purchaseof Reservesin Place Energy
ProvedDevelopedandUndevelopedReservePurchaseofReservesinPlaceEnergy
3189000 MBoe
CY2013 lpi Proved Developedand Undeveloped Reserve Purchaseof Reservesin Place Energy
ProvedDevelopedandUndevelopedReservePurchaseofReservesinPlaceEnergy
412000 MBoe
CY2011 lpi Proved Developedand Undeveloped Reserve Purchaseof Reservesin Place Energy
ProvedDevelopedandUndevelopedReservePurchaseofReservesinPlaceEnergy
0 MBoe
CY2012 lpi Proved Developedand Undeveloped Reserve Revisionof Previous Estimate Energy
ProvedDevelopedandUndevelopedReserveRevisionofPreviousEstimateEnergy
55837000 MBoe
CY2011 lpi Proved Developedand Undeveloped Reserve Revisionof Previous Estimate Energy
ProvedDevelopedandUndevelopedReserveRevisionofPreviousEstimateEnergy
9006000 MBoe
CY2013 lpi Proved Developedand Undeveloped Reserve Revisionof Previous Estimate Energy
ProvedDevelopedandUndevelopedReserveRevisionofPreviousEstimateEnergy
15338000 MBoe
CY2013 lpi Proved Developedand Undeveloped Reserves Saleof Mineralin Place Energy
ProvedDevelopedandUndevelopedReservesSaleofMineralinPlaceEnergy
28768000 MBoe
CY2011 lpi Repurchase Of Equity Interests Or Restricted Stock For Treasury Units
RepurchaseOfEquityInterestsOrRestrictedStockForTreasuryUnits
125000 USD
CY2011 lpi Restricted Units Purchased Value
RestrictedUnitsPurchasedValue
38000 USD
CY2013 lpi Settlementofperformanceunitawards
Settlementofperformanceunitawards
-2080000 USD
CY2012 lpi Settlementofperformanceunitawards
Settlementofperformanceunitawards
0 USD
CY2011 lpi Settlementofperformanceunitawards
Settlementofperformanceunitawards
0 USD
CY2013 lpi Sharebased Compensation Arrangementby Sharebased Payment Award Plan Modification Numberof Officers Affected
SharebasedCompensationArrangementbySharebasedPaymentAwardPlanModificationNumberofOfficersAffected
2 people
CY2011 lpi Standardized Measureof Discounted Future Net Cash Flowof Proved Oiland Gas Reserves Divestituresof Reservesin Place
StandardizedMeasureofDiscountedFutureNetCashFlowofProvedOilandGasReservesDivestituresofReservesinPlace
0 USD
CY2012 lpi Standardized Measureof Discounted Future Net Cash Flowof Proved Oiland Gas Reserves Divestituresof Reservesin Place
StandardizedMeasureofDiscountedFutureNetCashFlowofProvedOilandGasReservesDivestituresofReservesinPlace
0 USD
CY2013 lpi Standardized Measureof Discounted Future Net Cash Flowof Proved Oiland Gas Reserves Divestituresof Reservesin Place
StandardizedMeasureofDiscountedFutureNetCashFlowofProvedOilandGasReservesDivestituresofReservesinPlace
-239148000 USD
CY2013 lpi Threshold Period Past Duefor Accounts Receivable
ThresholdPeriodPastDueforAccountsReceivable
P30D
CY2013 lpi Threshold Period Past Duefor Reviewof Accounts Receivable
ThresholdPeriodPastDueforReviewofAccountsReceivable
P90D
CY2013Q4 lpi Undistributed Revenue And Accrued Royalties Current
UndistributedRevenueAndAccruedRoyaltiesCurrent
35124000 USD
CY2012Q4 lpi Undistributed Revenue And Accrued Royalties Current
UndistributedRevenueAndAccruedRoyaltiesCurrent
36065000 USD
CY2013 dei Amendment Flag
AmendmentFlag
false
CY2013 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2013 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2013 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
CY2013 dei Document Period End Date
DocumentPeriodEndDate
2013-12-31
CY2013 dei Document Type
DocumentType
10-K
CY2013 dei Entity Central Index Key
EntityCentralIndexKey
0001528129
CY2014Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
142618804 shares
CY2013 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2013 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2013Q2 dei Entity Public Float
EntityPublicFloat
870100000 USD
CY2013 dei Entity Registrant Name
EntityRegistrantName
Laredo Petroleum, Inc.
CY2013 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2013 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes

Files In Submission

Name View Source Status
0001528129-14-000057-index-headers.html Edgar Link pending
0001528129-14-000057-index.html Edgar Link pending
0001528129-14-000057.txt Edgar Link pending
0001528129-14-000057-xbrl.zip Edgar Link pending
a201310-kex211.htm Edgar Link pending
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