Condensed Consolidated Balance Sheets (USD $) In Thousands	Sep. 30, 2011	Dec. 31, 2010
Current assets:
Cash and cash equivalents	$ 112,575	$ 81,234
Funds in escrow	991	14,932
Receivables:
Trade	11,144	14,068
Accounts with partners, net of allowance of $4.1 million at Sept. 30, 2011	8,898	16,180
Other	4,547	10,412
Crude oil inventory	5,397	548
Materials and supplies	280	501
Prepayments and other	5,054	1,482
Total current assets	148,886	139,357
Property and equipment - successful efforts method:
Wells, platforms and other	178,405	168,139
Undeveloped acreage	25,304	16,692
Work in progress	13,185	8,812
Equipment and other	3,609	2,634
Property, Plant and Equipment, Gross, Total	220,503	196,277
Accumulated depreciation, depletion and amortization	(118,003)	(99,457)
Net property and equipment	102,500	96,820
Other assets:
Deferred tax asset	1,349	1,349
Funds in escrow	10,895	874
Total Assets	263,630	238,400
Current liabilities:
Accounts payable and accrued liabilities	22,408	26,702
Total current liabilities	22,408	26,702
Other liabilities	2,230	2,030
Asset retirement obligations	14,945	13,425
Total Liabilities	39,583	42,157
Commitments and Contingencies (Note 4)
VAALCO Energy, Inc. shareholders' equity:
Common stock, $0.10 par value, 100,000,000 authorized shares, 63,124,472 and 62,822,805 shares issued with 6,005,547 and 6,005,547 shares in treasury at September 30, 2011 and December 31, 2010, respectively	6,312	6,282
Additional paid-in capital	67,423	64,314
Retained earnings	172,018	146,594
Less treasury stock, at cost	(25,665)	(25,665)
Total VAALCO Energy, Inc. shareholders' equity	220,088	191,525
Noncontrolling interest	3,959	4,718
Total Equity	224,047	196,243
Total Liabilities and Equity	$ 263,630	$ 238,400