Supplemental Disclosures

3 Months Ended

Mar. 31, 2013

Supplemental Disclosures [Abstract]

SUPPLEMENTAL DISCLOSURES

NOTE 10 - SUPPLEMENTAL DISCLOSURES

Accrued Liabilities

The following table summarizes the Company’s current accrued liabilities at March 31, 2013 and December 31, 2012 (in thousands).

	March 31, 2013		December 31, 2012
Accrued evaluated and unproved and unevaluated property costs	$	28,828	$	45,592
Accrued support equipment and facilities costs		317		1,382
Accrued stock-based compensation		19		65
Accrued lease operating expenses		5,376		5,218
Accrued interest on borrowings under Credit Agreement		163		255
Accrued asset retirement obligations		760		660
Accrued partners’ share of joint interest charges		2,299		3,597
Other		2,452		2,410
Total accrued liabilities	$	40,214	$	59,179

Supplemental Cash Flow Information

The following table provides supplemental disclosures of cash flow information for the three months ended March 31, 2013 and 2012 (in thousands).

	Three Months Ended March 31,
	2013			2012
Cash paid for interest expense, net of amounts capitalized	$	1,359		$	480
Asset retirement obligations related to mineral properties		626			125
Asset retirement obligations related to support equipment and facilities		30			28
(Decrease) increase in liabilities for oil and natural gas properties capital expenditures		(15,590	)		13,681
(Decrease) increase in liabilities for support equipment and facilities		(1,065	)		1099
(Decrease) increase in liabilities for accrued cost to issue equity		-			(67	)
Issuance of restricted stock units for Board and advisor services		47			-
Issuance of common stock for advisor services		8			-
Stock-based compensation expense recognized as liability		30			(455	)
Transfer of inventory from oil and natural gas properties		211			-