CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
REVENUES:
Oil and natural gas sales									$ 58,485	$ 222,052	$ 313,373
Other									2,235	2,157	4,129
Total revenues	$ 9,278	$ 11,154	$ 19,870	$ 20,418	$ 36,322	$ 57,851	$ 67,039	$ 62,997	60,720	224,209	317,502
EXPENSES:
Lease operating expense									54,367	72,337	77,786
Production and property taxes									4,653	7,611	3,521
Transportation expense									201	201	181
Depletion, depreciation and amortization									23,599	44,064	48,840
Ceiling test and other impairments									439,858	817
Accretion of asset retirement obligations									2,150	2,491	2,477
General and administrative, net of amounts capitalized									29,066	20,352	50,664
Total expenses									553,894	147,873	183,469
Income (loss) from operations	(119,123)	(205,077)	(156,225)	(12,749)	7,406	23,660	24,293	20,977	(493,174)	76,336	134,033
FINANCING COSTS AND OTHER:
Interest expense, net									108,278	87,025	86,640
Amortization of deferred loan costs									5,180	4,289	4,754
Loss (gain) on extinguishment of debt									(67,515)	2,347	58,472
Commodity derivative losses (gains), net									(34,108)	(101,899)	12,607
Total financing costs and other									11,835	(8,238)	162,473
Income (loss) before income taxes									(505,009)	84,574	(28,440)
Net income (loss)	(139,674)	(214,179)	(129,759)	(21,397)	70,963	30,231	(17,493)	872	(505,009)	84,574	(28,440)
Venoco, Inc.
REVENUES:
Oil and natural gas sales									58,485	222,052	313,373
Other									2,235	2,157	4,129
Total revenues	9,278	11,154	19,870	20,418	36,322	57,851	67,039	62,997	60,720	224,209	317,502
EXPENSES:
Lease operating expense									54,367	72,337	77,786
Production and property taxes									4,653	7,611	3,521
Transportation expense									201	201	181
Depletion, depreciation and amortization									23,599	44,064	48,840
Ceiling test and other impairments									439,858	817
Accretion of asset retirement obligations									2,150	2,491	2,477
General and administrative, net of amounts capitalized									28,996	19,926	50,403
Total expenses									553,824	147,447	183,208
Income (loss) from operations	(119,122)	(205,077)	(156,224)	(12,681)	7,442	23,711	24,378	21,231	(493,104)	76,762	134,294
FINANCING COSTS AND OTHER:
Interest expense, net									69,187	52,609	65,114
Amortization of deferred loan costs									3,695	3,268	3,705
Loss (gain) on extinguishment of debt									(67,515)	2,347	38,549
Commodity derivative losses (gains), net									(34,108)	(101,899)	12,607
Total financing costs and other									(28,741)	(43,675)	119,975
Income (loss) before income taxes									(464,363)	120,437	14,319
Net income (loss)	$ (129,427)	$ (203,322)	$ (119,820)	$ (11,794)	$ 80,105	$ 39,525	$ (8,746)	$ 9,553	$ (464,363)	$ 120,437	$ 14,319

DENVER PARENT Corp 10-K