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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 5,403 $ 9,153
Revenue receivable 24,215 26,568
Joint interest billing receivable 25,163 26,556
Derivative asset 1,387 521
Prepaid drilling costs 522 477
Other current assets 6,823 8,132
Total current assets 63,513 71,407
Oil and gas properties:    
Oil and gas properties, full cost method 2,151,119 2,035,899
Unevaluated oil and gas properties 128,217 98,387
Accumulated depreciation, depletion and amortization (1,624,980) (1,553,044)
Oil and gas properties, net 654,356 581,242
Other property and equipment 14,887 13,993
Accumulated depreciation of other property and equipment (9,952) (8,901)
Total property and equipment 659,291 586,334
Derivative asset 132 0
Other assets, net of accumulated amortization of $7,295 and $5,689, respectively 6,501 9,449
Total assets 729,437 667,190
Current liabilities:    
Accounts payable to vendors 47,979 47,341
Advances from co-owners 16,850 969
Oil and gas revenue payable 27,224 22,664
Accrued interest and preferred stock dividend 4,090 12,909
Asset retirement obligation 1,426 3,113
Derivative liability 106 1,617
Accrued acquisition cost 9,920 0
Other accrued liabilities 11,744 8,924
Total current liabilities 119,339 97,537
Bank debt 72,500 75,000
10% Senior Notes 350,000 350,000
Asset retirement obligation 47,398 45,423
Derivative liability 14 0
Accrued acquisition cost 10,000 0
Other long-term liability 127 135
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 64,412 and 63,664 shares, respectively 64 64
Paid-in capital 285,394 280,711
Accumulated other comprehensive income (loss) 879 (1,096)
Accumulated deficit (156,279) (180,585)
Total stockholders’ equity 130,059 99,095
Total liabilities and stockholders’ equity $ 729,437 $ 667,190