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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 30,901 $ 9,153
Revenue receivable 26,113 26,568
Joint interest billing receivable 17,967 26,556
Derivative asset 22 521
Prepaid drilling costs 343 477
Other current assets 7,532 8,132
Total current assets 82,878 71,407
Oil and gas properties:    
Oil and gas properties, full cost method 2,111,889 2,035,899
Unevaluated oil and gas properties 126,571 98,387
Accumulated depreciation, depletion and amortization (1,594,875) (1,553,044)
Oil and gas properties, net 643,585 581,242
Other property and equipment 14,511 13,993
Accumulated depreciation of other property and equipment 9,571 8,901
Total property and equipment 648,525 586,334
Derivative asset 164 0
Other assets, net of accumulated depreciation and amortization of $6,753 and $5,689, respectively 8,017 9,449
Total assets 739,584 667,190
Current liabilities:    
Accounts payable to vendors 42,730 47,341
Advances from co-owners 16,407 969
Oil and gas revenue payable 35,676 22,664
Accrued interest and preferred stock dividend 12,780 12,909
Asset retirement obligation 2,959 3,113
Derivative liability 3,840 1,617
Accrued acquisition cost 14,000 0
Other accrued liabilities 11,738 8,924
Total current liabilities 140,130 97,537
Bank debt 72,500 75,000
10% Senior Notes 350,000 350,000
Asset retirement obligation 46,893 45,423
Accrued acquisition cost 10,000 0
Other long-term liability 220 135
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 64,179 and 63,664 shares, respectively 64 64
Paid-in capital 284,380 280,711
Accumulated other comprehensive loss (3,654) (1,096)
Accumulated deficit (160,950) (180,585)
Total stockholders’ equity 119,841 99,095
Total liabilities and stockholders’ equity $ 739,584 $ 667,190