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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 9,153 $ 14,904
Revenue receivable 26,568 17,742
Joint interest billing receivable 26,556 42,238
Other receivable 0 9,208
Derivative asset 521 830
Prepaid drilling costs 477 1,698
Other current assets 8,132 2,964
Total current assets 71,407 89,584
Oil and gas properties:    
Oil and gas properties, full cost method 2,035,899 1,734,477
Unevaluated oil and gas properties 98,387 71,713
Accumulated depreciation, depletion and amortization (1,553,044) (1,472,244)
Oil and gas properties, net 581,242 333,946
Other property and equipment 13,993 12,370
Accumulated depreciation of other property and equipment (8,901) (7,607)
Total property and equipment 586,334 338,709
Other assets, net of accumulated amortization of $5,689 and $4,240, respectively 9,449 5,110
Total assets 667,190 433,403
Current liabilities:    
Accounts payable to vendors 47,341 58,960
Advances from co-owners 969 20,459
Oil and gas revenue payable 22,664 26,175
Accrued interest and preferred stock dividend 12,909 6,190
Asset retirement obligation 3,113 2,351
Derivative liability 1,617 233
Other accrued liabilities 8,924 6,535
Total current liabilities 97,537 120,903
Bank debt 75,000 50,000
10% Senior Notes 350,000 150,000
Asset retirement obligation 45,423 24,909
Other long-term liability 135 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 63,664 and 62,768 shares, respectively 64 63
Paid-in capital 280,711 276,534
Accumulated other comprehensive income (loss) (1,096) 521
Accumulated deficit (180,585) (189,528)
Total stockholders’ equity 99,095 87,591
Total liabilities and stockholders’ equity $ 667,190 $ 433,403