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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 78,708 $ 130,800
Restricted cash 1,770 1,257
Receivables:    
Trade 26,227 7,961
Accounts with partners, net of allowance of $7.2 million and $6.0 million at June 30, 2013 and December 31, 2012, respectively 4,821 689
Other 7,688 4,463
Crude oil inventory 3,328 683
Materials and supplies 642 337
Prepayments and other 4,099 2,935
Total current assets 127,283 149,125
Property and equipment - successful efforts method:    
Wells, platforms and other production facilities 198,571 188,208
Undeveloped acreage 28,410 28,657
Work in progress 61,929 38,137
Equipment and other 7,221 7,574
Property, plant and equipment, gross, Total 296,131 262,576
Accumulated depreciation, depletion and amortization (163,411) (155,968)
Net property and equipment 132,720 106,608
Other assets:    
Deferred tax asset 1,349 1,349
Restricted cash 10,871 10,874
Total Assets 272,223 267,956
Current liabilities:    
Accounts payable and accrued liabilities 33,219 30,326
Accounts with partners   14,737
Total current liabilities 33,219 45,063
Asset retirement obligations 11,135 10,368
Total Liabilities 44,354 55,431
Commitments and Contingencies (Note 4)      
VAALCO Energy, Inc. shareholders' equity:    
Common stock, $0.10 par value, 100,000,000 authorized shares, 63,167,438 and 63,135,772 shares issued with 5,491,038 and 5,257,638 shares in treasury at June 30, 2013 and December 31, 2012, respectively 6,317 6,314
Additional paid-in capital 51,186 48,816
Retained earnings 195,680 181,370
Less treasury stock, at cost (25,314) (23,975)
Total VAALCO Energy, Inc. shareholders' equity 227,869 212,525
Total Liabilities and Equity $ 272,223 $ 267,956