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Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Net revenue:        
Oil revenue, net $ 12,500 $ 28,537 $ 38,557 $ 97,691
Other revenue 29 135 99 215
Total net revenue 12,529 28,672 38,656 97,906
Operating and administrative expenses:        
Lease operating expense 5,319 14,332 20,094 38,394
General and administrative expense 6,572 6,304 18,498 21,852
Geological, geophysical and engineering expense 857 7,061 1,961 35,801
Depreciation, depletion and amortization expense 7,246 11,204 22,105 34,358
Standby costs 705 1,490 4,073 4,089
Other operating expense 2,683 1,510 2,683 2,266
Total operating and administrative expenses 23,382 41,901 69,414 136,760
Operating loss (10,853) (13,229) (30,758) (38,854)
Other income (expense):        
Income (loss) from investment in Ecuador property, net (8) 203 161 109
Interest expense, net (3,559) (2,302) (12,137) (12,592)
Loss on extinguishment of debt (3,436)   (7,222) (7,318)
Gain (loss) on derivatives (457) (4,330) 272 (2,291)
Interest income 128 12 175 22
Other expense (2,907) (109) (4,054) (354)
Total other expense, net (10,239) (6,526) (22,805) (22,424)
Loss before income taxes (21,092) (19,755) (53,563) (61,278)
Income tax benefit (5,771) (2,614) (5,818) (8,346)
Net loss $ (15,321) $ (17,141) $ (47,745) $ (52,932)
Basic net loss per share (in Dollars per share) $ (0.13) $ (0.15) $ (0.41) $ (0.46)
Diluted net loss per share (in Dollars per share) $ (0.13) $ (0.15) $ (0.41) $ (0.46)
Basic weighted average common shares outstanding (in Shares) 116,009 115,694 115,911 115,594
Diluted weighted average common shares outstanding (in Shares) 116,009 115,694 115,911 115,594