XML 89 R58.htm IDEA: XBRL DOCUMENT v2.4.0.6
Long-Term Debt (Details) (USD $)
9 Months Ended 12 Months Ended 12 Months Ended
Sep. 30, 2012
Dec. 31, 2012
Rate
Sep. 28, 2012
Sep. 27, 2012
Dec. 31, 2012
Maximum [Member]
Rate
Dec. 31, 2012
Minimum [Member]
Rate
Aug. 19, 2010
10% Senior Notes [Member]
Dec. 31, 2012
Letters of credit [Member]
Dec. 31, 2012
Federal Funds Effective Rate [Member]
Rate
Dec. 31, 2012
Adjusted LIBOR rate [Member]
Maximum [Member]
Rate
Dec. 31, 2012
Adjusted LIBOR rate [Member]
Minimum [Member]
Rate
Long-Term Debt (Textual) [Abstract]                      
Principal amount             $ 150,000,000        
Revolving Credit facility   300,000,000           25,000,000      
Adjusted LIBO rate   1.00%     1.50% 0.50%     0.50% 2.50% 1.50%
Commitment fees on a sliding scale         0.50% 0.375%          
Repurchase Company's common stock         10,000,000            
Maximum ratio of total debt to EBITDAX         3.0 1,000.0          
Borrower's Liquidity           20.00%          
Long Term Debt (Additional Textual) [Abstract]                      
Current borrowing base     130,000,000 125,000,000              
Aggregate commitments of the lenders   100,000,000                  
At least secured percentage value of oil and gas properties   80.00%                  
Accrued in connection with the interest payment   5,000,000                  
Adjusted LIBO rate is equal to the rate at which dollar deposits   $ 5,000,000                  
Agreement bear interest at the alternate base rate Agreement bear interest at the alternate base rate (“ABR”) plus a margin (based on a sliding scale of 0.5% to 1.5% depending on total commitments) or the adjusted LIBO rate (“Eurodollar”) plus a margin (based on a sliding scale of 1.5% to 2.5% depending on total commitments). The alternate base rate is equal to the highest of (i) the JPMorgan Chase prime rate, (ii) the Federal Funds Effective Rate plus 0.5% or (iii) the adjusted LIBO rate plus 1%.