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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 20,963 $ 14,904
Revenue receivable 15,150 17,742
Joint interest billing receivable 36,264 42,595
Other Receivables, Net, Current 0 9,208
Derivative asset 0 830
Prepaid drilling costs 874 1,698
Drilling pipe inventory 753 707
Other current assets 4,549 1,900
Total current assets 78,553 89,584
Oil and gas properties:    
Oil and gas properties, full cost method 1,768,031 1,734,477
Unevaluated oil and gas properties 70,203 71,713
Accumulated depreciation, depletion and amortization (1,495,299) (1,472,244)
Oil and gas properties, net 342,935 333,946
Gas gathering assets 12,419 12,370
Accumulated depreciation and amortization of gas gathering assets (7,867) (7,607)
Total property and equipment 347,487 338,709
Other assets, net of accumulated depreciation and amortization of $4,441 and $4,240, respectively 4,761 5,110
Total assets 430,801 433,403
Current liabilities:    
Accounts payable to vendors 38,947 58,960
Advances from co-owners 31,201 20,459
Oil and gas revenue payable 23,195 26,175
Accrued interest and preferred stock dividend 2,456 6,190
Asset retirement obligation 3,845 2,351
Derivative Liabilities, Current 3,807 233
Other accrued liabilities 5,678 6,535
Total current liabilities 109,129 120,903
Bank debt 60,000 50,000
10% Senior Notes 150,000 150,000
Asset retirement obligation 24,661 24,909
Derivative Liabilities, Noncurrent 251 0
Commitments and contingencies      
Stockholders' equity:    
Preferred stock, $.001 par value; authorized 5,000 shares; issued and outstanding 1,495 shares 1 1
Common stock, $.001 par value; authorized 150,000 shares; issued and outstanding 62,907 and 62,768 shares, respectively 63 63
Paid-in capital 277,006 276,534
Accumulated other comprehensive income (3,389) 521
Accumulated deficit (186,921) (189,528)
Total stockholders' equity 86,760 87,591
Total liabilities and stockholders' equity $ 430,801 $ 433,403