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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2013
Dec. 31, 2012
CURRENT ASSETS    
Cash and cash equivalents $ 5,728 $ 52,095
Accounts receivable, net 114,901 112,821
Accounts receivable - related party 5,930 9,815
Current assets held for sale 0 1,882
Assets of discontinued operations 0 0
Fair value of derivative instruments 0 23,981
Prepaids and other current assets 5,397 8,111
Total current assets 137,165 208,705
Oil and gas properties using the full cost method of accounting    
Proved oil and gas properties, net 1,495,981 1,152,548
Unproved properties, not being amortized 395,291 323,688
Other property and equipment, net 9,800 11,438
TOTAL PROPERTY AND EQUIPMENT, NET 1,901,072 1,487,674
LONG-TERM ASSETS HELD FOR SALE 0 132,626
DEFERRED FINANCING COSTS, NET 21,728 23,914
FAIR VALUE OF DERIVATIVE INSTRUMENTS 7,410 5,180
DEFERRED INCOME TAXES 0 21,272
OTHER ASSETS 4,620 4,625
TOTAL ASSETS 2,071,995 1,883,996
CURRENT LIABILITIES    
Accounts payable, trade 77,876 44,775
Revenue and royalties payable 103,250 82,300
Accrued drilling costs 57,161 60,729
Accrued interest 24,847 18,012
Other accrued liabilities 45,732 28,445
Advances for joint operations 34,528 8,069
Deferred income taxes 0 7,925
Current liabilities associated with assets held for sale 0 48,663
Liabilities of discontinued operations 10,670 0
Total current liabilities 354,064 298,918
LONG-TERM DEBT, NET OF DEBT DISCOUNT 987,074 967,808
LONG-TERM LIABILITIES ASSOCIATED WITH ASSETS HELD FOR SALE 0 23,547
LIABILITIES OF DISCONTINUED OPERATIONS 17,742 0
ASSET RETIREMENT OBLIGATIONS 6,341 4,489
DEFERRED INCOME TAXES 32,796 0
OTHER LIABILITIES 5,900 4,218
COMMITMENTS AND CONTINGENCIES      
SHAREHOLDERS’ EQUITY    
Common stock, $0.01 par value (90,000 shares authorized, 40,879 and 40,165 shares issued and outstanding as of September 30, 2013 and December 31, 2012, respectively) 409 402
Additional paid-in capital 682,479 667,096
Accumulated deficit (14,810) (82,482)
Total shareholders’ equity 668,078 585,016
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 2,071,995 $ 1,883,996