Related Party Transactions (Tables)

6 Months Ended

Dec. 31, 2012

Related Party Transaction [Line Items]

Schedule of Related Party Transactions [Table Text Block]

Below is a summary of payments received from (paid to) Olympic, JEX and REX in the ordinary course of business in our capacity as operator of the wells and platforms for the periods indicated. The Company made and received similar types of payments with other well owners (in thousands):

	Three months ended December 31,
	2012									2011
	Olympic			JEX			REX			Olympic			JEX			REX
Revenue payments as well owners	$	(1,510	)	$	(1,089	)	$	(741	)	$	(2,261	)	$	(1,429	)	$	(418	)
Joint interest billing receipts	235			199			230			251			257			776

	Six months ended December 31,
	2012									2011
	Olympic			JEX			REX			Olympic			JEX			REX
Revenue payments as well owners	$	(3,050	)	$	(2,222	)	$	(1,590	)	$	(4,615	)	$	(2,712	)	$	(448	)
Joint interest billing receipts	529			419			321			680			503			1,858

Below is a summary of payments received from (paid to) Olympic, JEX and REX as a result of specific transactions between the Company, Olympic, JEX and REX. While these payments are in the ordinary course of business, the Company did not have similar transactions with other well owners (in thousands):

	Three months ended December 31,
	2012							2011
	Olympic		JEX			REX		Olympic		JEX			REX
Reimbursement of certain costs	$	—	$	(255	)	$	—	$	—	$	(1	)	$	—
Payments under April 1, 2012 Advisory Agreement	—		(333		)	—		—		—			—
REX distribution to members	—		—			323		—		—			—

	Six months ended December 31,
	2012							2011
	Olympic		JEX			REX		Olympic			JEX			REX
Reimbursement of certain costs	$	—	$	(401	)	$	—	$	(10	)	$	(6	)	$	(10	)
Prospect fees	—		—			—		—			(250		)	—
Payments under April 1, 2012 Advisory Agreement	—		(1,000		)	—		—			—			—
REX distribution to members	—		—			646		—			—			—

As of December 31, 2012 and June 30, 2012, the Company's consolidated balance sheets included the following balances (in thousands):

	December 31, 2012									June 30, 2012
	Olympic			JEX			REX			Olympic			JEX			REX
Accounts receivable:
Trade receivables	$	2		$	1		$	1		$	10		$	20		$	18
Joint interest billings	79			85			78			192			158			92
Accounts payable:
Royalties and revenue payable	$	(1,133	)	$	(842	)	$	(642	)	$	(1,198	)	$	(813	)	$	(682	)
Joint interest billings	—			(101		)	—			—			—			—

Schedule of Oil and Gas Ownership Interests

As of December 31, 2012, Contango, Olympic, JEX, REX and JEX employees owned the following interests in the Company's offshore wells.

	Contango				Olympic				JEX				REX				JEX Employees
	WI		NRI		WI		NRI		WI		NRI		WI		NRI		ORRI
Dutch #1 - #5	47.05	%	38.12	%	3.02	%	2.42	%	1.61	%	1.29	%	—	%	—	%	2.02%
Mary Rose #1	53.21	%	40.45	%	3.61	%	2.7	%	2.01	%	1.51	%	—	%	—	%	2.79%
Mary Rose #2 - #3	53.21	%	38.67	%	3.61	%	2.58	%	2.01	%	1.44	%	—	%	—	%	2.79%
Mary Rose #4	34.58	%	25.49	%	2.34	%	1.7	%	1.31	%	0.95	%	—	%	—	%	1.82%
Mary Rose #5	37.80	%	27.88	%	2.56	%	1.87	%	1.43	%	1.04	%	—	%	—	%	1.54%
Ship Shoal 263	100.00	%	80.00	%	—	%	—	%	—	%	—	%	—	%	—	%	3.33%
Vermilion 170	83.20	%	64.83	%	—	%	—	%	4.30	%	3.35	%	12.50	%	9.74	%	3.33%