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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2012
Fair Value Measurements [Abstract]  
Summary of the valuation of the Company's financial assets and liabilities that were accounted for at fair value on a recurring basis
                                 

Description

  Fair Value Measurements at
June 30, 2012 using
 
    Level 1     Level 2     Level 3     Total  

Assets (Liabilities)

                               

Certificates of deposit

  $ —       $ 266     $ —       $ 266  

Oil and natural gas derivatives

    —         21,126       —         21,126  
   

 

 

   

 

 

   

 

 

   

 

 

 

Total

  $ —       $ 21,392     $ —       $ 21,392  
   

 

 

   

 

 

   

 

 

   

 

 

 
   

Description

  Fair Value Measurements at
December 31, 2011 using
 
    Level 1     Level 2     Level 3     Total  

Assets (Liabilities)

                               

Certificates of deposit

  $ —       $ 1,335     $ —       $ 1,335  

Oil and natural gas derivatives

    —         9,836       —         9,836  

Oil and natural gas derivatives

    —         (554     —         (554
   

 

 

   

 

 

   

 

 

   

 

 

 

Total

  $ —       $ 10,617     $ —       $ 10,617  
   

 

 

   

 

 

   

 

 

   

 

 

 
Additions to asset retirement obligations and lease and well equipment inventory at fair value on a non-recurring basis
                                 

Description

  Fair Value Measurements for the period ended
June 30, 2012 using
 
    Level 1     Level 2     Level 3     Total  

Assets (Liabilities)

                               

Asset retirement obligations

  $ —       $ —       $ (326   $ (326
   

 

 

   

 

 

   

 

 

   

 

 

 

Total

  $ —       $ —       $ (326   $ (326
   

 

 

   

 

 

   

 

 

   

 

 

 
   

Description

  Fair Value Measurements for the period ended
December 31, 2011 using
 
    Level 1     Level 2     Level 3     Total  

Assets (Liabilities)

                               

Asset retirement obligations

  $ —       $ —       $ (187   $ (187

Lease and well equipment inventory

    —         —         1,343       1,343  
   

 

 

   

 

 

   

 

 

   

 

 

 

Total

  $ —       $ —       $ 1,156     $ 1,156