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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Cash flows from operating activities:    
Net income (loss) $ 10,506 $ (107,912)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Deferred tax expense (benefit) (474) 1,496
Depreciation, depletion and amortization 49,882 46,024
Ceiling test writedown 0 108,987
Accretion of asset retirement obligation 1,203 1,542
Share based compensation expense 3,105 5,609
Amortization costs and other 1,138 594
Non-cash derivative (income) expense (202) 715
Payments to settle asset retirement obligations (2,415) (2,519)
Changes in working capital accounts:    
Revenue receivable (13,819) 141
Prepaid drilling and pipe costs 735 2,891
Joint interest billing receivable 13,612 20,312
Accounts payable and accrued liabilities (11,781) 1,464
Advances from co-owners (13,315) (8,802)
Other (5,266) (2,866)
Net cash provided by operating activities 32,909 67,676
Cash flows used in investing activities:    
Investment in oil and gas properties (261,707) (121,428)
Investment in other property and equipment (970) 0
Sale of oil and gas properties 18,915 837
Sale of unevaluated oil and gas properties 0 6,083
Net cash used in investing activities (243,762) (114,508)
Cash flows provided by financing activities:    
Net payments for share based compensation plans (379) (840)
Deferred financing costs (487) (33)
Payment of preferred stock dividend (3,854) (3,855)
Proceeds from issuance of 10% Senior Notes 200,000 0
Proceeds from bank borrowings 62,000 72,500
Repayment of bank borrowings (37,000) (37,500)
Net cash provided by financing activities 215,358 30,272
Net increase (decrease) in cash and cash equivalents 4,505 (16,560)
Cash and cash equivalents, beginning of period 14,904 22,263
Cash and cash equivalents, end of period 19,409 5,703
Cash paid during the period for:    
Interest 19,479 15,628
Income taxes 11 15
Senior Notes [Member] | 10% Senior Notes [Member]
   
Cash flows provided by financing activities:    
Deferred financing costs $ 4,922 $ 0