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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Cash flows from operating activities:      
Net income (loss) $ (132,079) $ 10,548 $ 47,126
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Deferred tax expense (benefit) 1,636 (1,810) 1,630
Depreciation, depletion and amortization 60,689 58,243 59,326
Ceiling test write-down 137,100 18,907 0
Non-cash gain on legal settlement 0 0 (4,164)
Gains (Losses) on Extinguishment of Debt 0 0 5,973
Accretion of asset retirement obligation 2,078 2,049 1,306
Share based compensation expense 6,910 4,833 7,137
Amortization costs and other 881 625 1,334
Non-cash derivative expense 233 0 0
Payments to settle asset retirement obligations (2,627) (905) (6,274)
Changes in working capital accounts:      
Revenue receivable (1,882) (2,474) 3,071
Prepaid drilling and pipe costs 4,479 5,530 9,180
Joint interest billing and other receivable 3,981 (35,252) (401)
Accounts payable and accrued liabilities 20,916 34,599 3,368
Advances from co-owners (13,408) 25,904 4,301
Other (316) (1,621) (227)
Net cash provided by operating activities 88,591 119,176 132,686
Cash flows used in investing activities:      
Investment in oil and gas properties (147,771) (194,536) (103,926)
Investment in other property and equipment (1,743) (1,286) (1,042)
Sale of oil and gas properties 837 14,000 35,000
Sale of unevaluated oil and gas properties 8,889 28,461 22,473
Net cash used in investing activities (139,788) (153,361) (47,495)
Cash flows used in financing activities:      
Net payments for share based compensation (981) (1,133) (210)
Deferred financing costs (42) (517) (12)
Payment of preferred stock dividend (5,139) (5,139) (5,137)
Proceeds from bank borrowings 102,500 22,000 0
Repayment of bank borrowings (52,500) (22,000) (29,000)
Redemption of 10 3/8% Senior Notes 0 0 (150,000)
Costs to redeem 10 3/8% Senior Notes 0 0 (4,187)
Proceeds from issuance of 10% Senior Notes 0 0 150,000
Costs to issue 10% Senior Notes 0 0 (4,180)
Net cash provided by (used in) financing activities 43,838 (6,789) (42,726)
Net increase (decrease) in cash and cash equivalents (7,359) (40,974) 42,465
Cash and cash equivalents, beginning of period 22,263 63,237 20,772
Cash and cash equivalents, end of period 14,904 22,263 63,237
Cash paid during the period for:      
Interest 16,026 16,017 11,195
Income taxes $ 105 $ 51 $ 192