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Condensed Consolidated Statement of Operations (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Condensed Consolidated Statement of Operations        
Revenues $ 19,053 $ 21,532 $ 33,157 $ 35,253
Cost of Operations:        
Operating expenses 6,352 3,465 11,392 6,286
Depreciation, depletion and amortization 7,004 7,912 13,326 13,593
Impairment of oil and gas properties 0 0 0 7,692
General and administrative 4,948 4,205 9,662 8,636
Total Expenses 18,304 15,582 34,380 36,207
Income (Loss) From Operations 749 5,950 (1,223) (954)
Derivatives:        
Realized losses 0 (1,332) 0 (1,100)
Unrealized gains (losses) (6,448) 6,108 (1,984) 5,036
Interest expense (7,831) (5,623) (20,354) (11,259)
Interest income and other (48) 586 (186) 3,609
Total Other Income (Expense) (14,327) (261) (22,524) (3,714)
Income (Loss) Before Income Taxes (13,578) 5,689 (23,747) (4,668)
Income Tax Expense (Benefit) 2,026 5,084 (687) 9,917
Net Income (Loss) (15,604) 605 (23,060) (14,585)
Preferred Stock Dividend 506 547 1,052 1,136
Net Income (Loss) to Common Stockholders $ (16,110) $ 58 $ (24,112) $ (15,721)
Net Income (Loss) per Common Share - Basic and Diluted $ (0.42) $ 0 $ (0.74) $ (0.71)
Weighted Average Number of Common Shares Outstanding:        
Basic and Diluted 38,612 23,145 32,714 22,259