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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
CURRENT ASSETS    
Cash and cash equivalents $ 157,439 $ 52,095
Accounts receivable, net 104,553 112,821
Accounts receivable - related party 6,642 9,815
Current assets held for sale 0 1,882
Fair value of derivative instruments 0 23,981
Deferred income taxes 4,201 0
Prepaids and other current assets 6,926 8,111
Total current assets 279,761 208,705
Oil and gas properties using the full cost method of accounting    
Proved oil and gas properties, net 1,408,484 1,152,548
Unproved properties, not being amortized 377,437 323,688
Other property and equipment, net 8,294 11,438
TOTAL PROPERTY AND EQUIPMENT, NET 1,794,215 1,487,674
LONG-TERM ASSETS HELD FOR SALE 0 132,626
DEFERRED FINANCING COSTS, NET 22,899 23,914
FAIR VALUE OF DERIVATIVE INSTRUMENTS 9,284 5,180
DEFERRED INCOME TAXES 0 21,272
OTHER ASSETS 4,601 4,625
TOTAL ASSETS 2,110,760 1,883,996
CURRENT LIABILITIES    
Accounts payable, trade 54,371 44,775
Accounts payable - related party 2,775 0
Revenue and royalties payable 80,198 82,300
Accrued drilling costs 85,452 60,729
Accrued interest 17,430 18,012
Other accrued liabilities 41,759 28,445
Advances for joint operations 19,967 8,069
Fair value of derivative instruments 9,947 0
Deferred income taxes 0 7,925
Current liabilities associated with assets held for sale 0 48,663
Current liabilities of discontinued operations 10,936 0
Total current liabilities 322,835 298,918
LONG-TERM DEBT, NET OF DEBT DISCOUNT 900,247 967,808
LONG-TERM LIABILITIES ASSOCIATED WITH ASSETS HELD FOR SALE 0 23,547
LONG-TERM LIABILITIES OF DISCONTINUED OPERATIONS 17,336 0
ASSET RETIREMENT OBLIGATIONS 6,576 4,489
DEFERRED INCOME TAXES 16,856 0
OTHER LIABILITIES 5,306 4,218
COMMITMENTS AND CONTINGENCIES      
SHAREHOLDERS’ EQUITY    
Common stock, $0.01 par value (90,000 shares authorized, 45,469 and 40,165 shares issued and outstanding at December 31, 2013 and 2012, respectively) 455 402
Additional paid-in capital 879,948 667,096
Accumulated deficit (38,799) (82,482)
Total shareholders’ equity 841,604 585,016
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 2,110,760 $ 1,883,996