Consolidated Statements of Operations (Unaudited) (USD $) In Thousands, except Per Share data	3 Months Ended		6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2011	Jun. 30, 2010
Revenues:
Oil and gas sales	$ 41,920	$ 41,857	$ 83,466	$ 89,402
Gas gathering revenue	58	61	122	130
Total revenues	41,978	41,918	83,588	89,532
Expenses:
Lease operating expenses	10,206	9,020	19,709	18,715
Production taxes	(538)	1,599	624	2,947
Depreciation, depletion and amortization	14,657	13,744	28,719	28,728
Ceiling test write down	12,973		18,907
Gas gathering costs	3		10	11
General and administrative	4,280	5,816	8,678	10,325
Accretion of asset retirement obligation	427	408	1,179	876
Interest expense	2,255	2,379	4,949	4,189
Total expenses	44,263	32,966	82,775	65,791
Gain on legal settlement				12,400
Other income	197	94	277	11
Income (loss) from operations	(2,088)	9,046	1,090	36,152
Income tax expense (benefit)	(330)	2,511	(329)	(1,380)
Net income (loss)	(1,758)	6,535	1,419	37,532
Preferred stock dividend	1,287	1,287	2,567	2,567
Net income (loss) available to common stockholders	$ (3,045)	$ 5,248	$ (1,148)	$ 34,965
Basic
Net income (loss) per share	$ (0.05)	$ 0.08	$ (0.02)	$ 0.56
Diluted
Net income (loss) per share	$ (0.05)	$ 0.08	$ (0.02)	$ 0.56
Weighted average number of common shares:
Basic	61,917	61,425	61,793	61,335
Diluted	61,917	62,421	61,793	67,356