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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Current assets    
Cash $ 6,287 $ 2,095
Certificates of deposit 0 230
Accounts receivable    
Oil and natural gas revenues 25,823 24,422
Joint interest billings 4,785 4,118
Other 1,066 974
Derivative instruments 19 4,378
Deferred income taxes 1,636 0
Lease and well equipment inventory 785 877
Prepaid expenses 1,771 1,103
Total current assets 42,172 38,197
Oil and natural gas properties, full-cost method    
Evaluated 1,090,656 763,527
Unproved and unevaluated 194,306 149,675
Other property and equipment 29,910 27,258
Less accumulated depletion, depreciation and amortization (468,995) (349,370)
Net property and equipment 845,877 591,090
Other assets    
Derivative instruments 173 771
Deferred income taxes 0 411
Other assets 2,108 1,560
Total other assets 2,281 2,742
Total assets 890,330 632,029
Current liabilities    
Accounts payable 25,358 28,120
Accrued liabilities 63,987 59,179
Royalties payable 7,798 6,541
Derivative instruments 2,692 670
Advances from joint interest owners 0 1,515
Deferred income taxes 0 411
Income taxes payable 404 0
Other current liabilities 88 56
Total current liabilities 100,327 96,492
Long-term liabilities    
Borrowings under Credit Agreement 200,000 150,000
Asset retirement obligations 7,309 5,109
Derivative instruments 253 0
Deferred income taxes 10,929 0
Other long-term liabilities 2,588 1,324
Total long-term liabilities 221,079 156,433
Commitments and contingencies (Note 13)      
Shareholders' equity    
Common stock — Class A, $0.01 par value, 80,000,000 shares authorized; 66,958,867 and 56,778,718 shares issued; and 65,652,690, and 55,577,667 shares outstanding, respectively 670 568
Additional paid-in capital 548,935 404,311
Retained earnings (deficit) 30,084 (15,010)
Treasury stock, at cost, 1,306,177 and 1,201,051 shares, respectively (10,765) (10,765)
Total shareholders' equity 568,924 379,104
Total liabilities and shareholders' equity $ 890,330 $ 632,029