Consolidated Balance Sheets (USD $) In Thousands	Sep. 30, 2011	Dec. 31, 2010
Current assets:
Cash and cash equivalents	$ 22,269	$ 63,237
Revenue receivable	5,299	13,386
Joint interest billing receivable	46,839	12,193
Other receivable	13,963	13,795
Prepaid drilling costs	4,353	789
Drilling pipe inventory	4,983	11,711
Hedge asset	4,178	0
Other current assets	3,929	1,827
Total current assets	105,813	116,938
Oil and gas properties:
Oil and gas properties, full cost method	1,544,614	1,433,642
Unevaluated oil and gas properties	75,481	54,851
Accumulated depreciation, depletion and amortization	(1,237,075)	(1,175,553)
Oil and gas properties, net	383,020	312,940
Gas gathering assets, net of accumulated depreciation and amortization of $1,720 and $1,496, respectively	2,457	2,681
Total property and equipment	385,477	315,621
Other assets, net of accumulated depreciation and amortization of $7,641 and $6,435, respectively	6,133	6,958
Total assets	497,423	439,517
Current liabilities:
Accounts payable to vendors	57,080	23,847
Advances from co-owners	25,889	7,963
Oil and gas revenue payable	6,402	7,220
Accrued interest and preferred stock dividend	2,435	6,575
Asset retirement obligation	2,483	1,517
Other accrued liabilities	10,338	10,719
Total current liabilities	104,627	57,841
10% Senior Notes	150,000	150,000
Asset retirement obligation	24,867	23,075
Deferred income taxes	1,132	0
Other liabilities	0	439
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 62,071 and 61,565 shares, respectively	62	62
Paid-in capital	268,915	266,907
Accumulated other comprehensive income (loss)	2,959	(1,089)
Accumulated deficit	(55,140)	(57,719)
Total stockholders' equity	216,797	208,162
Total liabilities and stockholders' equity	$ 497,423	$ 439,517