XML 14 R33.htm IDEA: XBRL DOCUMENT v2.4.0.8
Long-Term Debt (Details) (USD $)
9 Months Ended 9 Months Ended 9 Months Ended 0 Months Ended
Sep. 30, 2014
Rate
Mar. 31, 2014
Dec. 31, 2013
Jul. 03, 2013
Sep. 30, 2014
Maximum
Rate
Sep. 30, 2014
Minimum
Rate
Sep. 30, 2014
Letters of credit
Sep. 30, 2014
Federal Funds Effective Rate
Rate
Sep. 30, 2014
Adjusted London Inter Bank Offer Rate
Maximum
Rate
Sep. 30, 2014
Adjusted London Inter Bank Offer Rate
Minimum
Rate
Jul. 03, 2013
10% Senior Notes
Gulf of Mexico Acquisition
Sep. 30, 2014
10% Senior Notes
Senior Notes
Sep. 30, 2013
10% Senior Notes
Senior Notes
Jul. 03, 2013
10% Senior Notes
Senior Notes
Aug. 19, 2010
10% Senior Notes
Senior Notes
Long-Term Debt (Textual) [Abstract]                              
Principal amount       $ 200,000,000                   $ 200,000,000 $ 150,000,000
Interest rate of Senior Notes                       10.00% 10.00% 10.00% 10.00%
Purchase price                     188,800,000        
Adjusted LIBO rate is equal to the rate at which dollar deposits 2,900,000                            
Revolving credit facility 300,000,000           25,000,000                
Borrowings outstanding under the Credit Agreement 72,500,000   75,000,000                        
Current borrowing base   220,000,000                          
Aggregate commitments of the lenders 170,000,000                            
At least secured percentage value of oil and gas properties 80.00%                            
Adjusted LIBO rate 1.00%       1.50% 0.50%   0.50% 2.50% 1.50%          
Accrued in connection with the interest payment 5,000,000                            
Commitment fees on a sliding scale         0.50% 0.375%                  
Maximum ratio of total debt to EBITDAX         3.5 1.0                  
Repurchase Company's common stock         $ 10,000,000                    
Borrower's Liquidity           20.00%                  
Long Term Debt (Additional Textual) [Abstract]                              
Agreement bear interest at the alternate base rate Agreement bear interest at the alternate base rate (“ABR”) plus a margin (based on a sliding scale of 0.5% to 1.5% depending on total commitments) or the adjusted LIBO rate (“Eurodollar”) plus a margin (based on a sliding scale of 1.5% to 2.5% depending on total commitments). The alternate base rate is equal to the highest of (i) the JPMorgan Chase prime rate, (ii) the Federal Funds Effective Rate plus 0.5% or (iii) the adjusted LIBO rate plus 1%.