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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Cash flows from operating activities:      
Net income (loss) $ 14,082 $ (132,079) $ 10,548
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Deferred tax expense (benefit) 320 1,636 (1,810)
Depreciation, depletion and amortization 71,445 60,689 58,243
Ceiling test write-down 0 137,100 18,907
Accretion of asset retirement obligation 1,753 2,078 2,049
Share based compensation expense 4,216 6,910 4,833
Amortization costs and other 1,473 881 625
Non-cash derivative expense (benefit) (233) 233 0
Payments to settle asset retirement obligations (3,335) (2,627) (905)
Changes in working capital accounts:      
Revenue receivable (8,826) (1,882) (2,474)
Prepaid drilling and pipe costs 1,221 4,479 5,530
Joint interest billing and other receivable 15,685 3,981 (35,252)
Accounts payable and accrued liabilities (12,865) 20,916 34,599
Advances from co-owners (19,490) (13,408) 25,904
Other (5,592) (316) (1,621)
Net cash provided by operating activities 59,854 88,591 119,176
Cash flows used in investing activities:      
Investment in oil and gas properties (298,824) (147,771) (194,536)
Investment in other property and equipment (1,679) (1,743) (1,286)
Sale of oil and gas properties 19,913 837 14,000
Sale of unevaluated oil and gas properties 487 8,889 28,461
Net cash used in investing activities (280,103) (139,788) (153,361)
Cash flows used in financing activities:      
Net payments for share based compensation (38) (981) (1,133)
Deferred financing costs (320) (42) (517)
Payment of preferred stock dividend (5,139) (5,139) (5,139)
Proceeds from bank borrowings 73,000 102,500 22,000
Repayment of bank borrowings (48,000) (52,500) (22,000)
Proceeds from issuance of 10% Senior Notes 200,000 0 0
Costs to issue 10% Senior Notes (5,005) 0 0
Net cash provided by (used in) financing activities 214,498 43,838 (6,789)
Net decrease in cash and cash equivalents (5,751) (7,359) (40,974)
Cash and cash equivalents, beginning of period 14,904 22,263 63,237
Cash and cash equivalents, end of period 9,153 14,904 22,263
Cash paid during the period for:      
Interest 20,101 16,026 16,017
Income taxes $ 12 $ 105 $ 51