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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2011
Dec. 31, 2010
CURRENT ASSETS:    
Cash and cash equivalents $ 37,066 $ 29,032
Accounts receivable, net of allowance for doubtful accounts of $2,205 and $1,064, respectively 234,515 190,169
Inventories 20,189 14,591
Fair value contracts 2,064 2,764
Income tax receivable 480 2,316
Prepayments 10,651 8,104
Total current assets 304,965 246,976
PROPERTY AND EQUIPMENT:    
Marketing 38,467 25,407
Transportation 54,359 43,131
Oil and gas (successful efforts method) 81,668 73,011
Other 1,553 188
Property and Equipment 176,047 141,737
Less - Accumulated depreciation, depletion and amortization (106,812) (94,148)
Net property and equipment 69,235 47,589
OTHER ASSETS:    
Oil and gas property held for sale 0 3,389
Deferred income tax asset 473 374
Cash deposits and other 4,167 2,977
Total Assets 378,840 301,305
CURRENT LIABILITIES:    
Accounts payable 248,656 200,763
Accounts payable - related party 58 9
Fair value contracts 681 1,478
Accrued and other liabilities 6,194 3,894
Current deferred income taxes 505 854
Total current liabilities 256,094 206,998
LONG-TERM DEBT 0 0
OTHER LIABILITIES:    
Asset retirement obligations 1,568 1,390
Deferred taxes and other liabilities 10,496 2,762
Total Liabilites 268,158 211,150
COMMITMENTS AND CONTINGENCIES (NOTE 6)      
SHAREHOLDERS' EQUITY:    
Preferred stock, $1.00 par value, 960,000 shares authorized, none outstanding 0 0
Common stock, $.10 par value, 7,500,000 shares authorized, 4,217,596 issued and outstanding 422 422
Contributed capital 11,693 11,693
Retained earnings 98,567 78,040
Total shareholders' equity 110,682 90,155
Liabilities and stockholders equity $ 378,840 $ 301,305