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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 19,409 $ 14,904
Revenue receivable 31,561 17,742
Joint interest billing receivable 27,212 42,595
Other receivable 0 9,208
Derivative asset 2,323 830
Prepaid drilling costs 963 1,698
Other current assets 7,411 2,607
Total current assets 88,879 89,584
Oil and gas properties:    
Oil and gas properties, full cost method 2,003,907 1,734,477
Unevaluated oil and gas properties 87,117 71,713
Accumulated depreciation, depletion and amortization (1,530,928) (1,472,244)
Oil and gas properties, net 560,096 333,946
Other property and equipment 13,340 12,370
Accumulated depreciation of other property and equipment (8,512) (7,607)
Total property and equipment 564,924 338,709
Derivative asset 305 0
Other assets, net of accumulated depreciation and amortization of $5,166 and $4,240, respectively 9,783 5,110
Total assets 663,891 433,403
Current liabilities:    
Accounts payable to vendors 31,353 58,960
Advances from co-owners 7,144 20,459
Oil and gas revenue payable 45,438 26,175
Accrued interest and preferred stock dividend 4,175 6,190
Asset retirement obligation 1,502 2,351
Derivative liability 525 233
Other accrued liabilities 9,616 6,535
Total current liabilities 99,753 120,903
Bank debt 75,000 50,000
10% Senior Notes 350,000 150,000
Asset retirement obligation 41,350 24,909
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 63,353 and 62,768 shares, respectively 63 63
Paid-in capital 279,260 276,534
Accumulated other comprehensive income 1,340 521
Accumulated deficit (182,876) (189,528)
Total stockholders’ equity 97,788 87,591
Total liabilities and stockholders’ equity $ 663,891 $ 433,403