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Consolidated Balance Sheets (USD $)
In Thousands
Sep. 30, 2011
Dec. 31, 2010
Assets  
Cash and cash equivalents$ 172,175$ 154,695
Restricted cash12,66030,270
Accounts receivable (net of allowance of $225 and $225, respectively)95,90592,737
Deferred tax asset 8,191
Derivative asset1,8801,688
Other current assets35,25226,408
Total current assets317,872313,989
Oil and gas properties (using the successful efforts method of accounting):  
Proved properties4,687,1224,291,440
Unproved properties23,53020,402
Total oil and gas4,710,6524,311,842
Less accumulated depletion, depreciation, impairment and amortization(1,685,647)(1,407,206)
Oil and gas properties, net3,025,0052,904,636
Derivative asset4,176 
Deferred tax asset16,899 
Restricted cash10,00010,000
Deferred financing costs, net43,93448,353
Other assets, net13,27013,124
Total assets3,431,1563,290,102
Liabilities and Equity  
Accounts payable and accruals286,086230,703
Current maturities of long-term debt31,98921,625
Asset retirement obligation61,25543,386
Deferred tax liability17,038 
Derivative liability28,65337,893
Current maturities of other long-term obligations153,00486,521
Total current liabilities578,025420,128
Long-term debt1,983,7041,857,784
Other long-term obligations414,015472,500
Asset retirement obligation95,488123,472
Deferred tax liability47,76816,956
Derivative liability6426,425
Total liabilities3,119,6422,897,265
Commitments and contingencies (Note 13)  
Temporary equity:  
Redeemable noncontrolling interest115,406140,851
8% convertible perpetual preferred stock: $0.001 par value; 784,943 issued and outstanding at September 30, 2011; None issued at December 31, 2010; Liquidation value of $78.5 million68,153 
Shareholders' equity:  
8% convertible perpetual preferred stock: $0.001 par value, 10,000,000 shares authorized; 2,340,057 issued and outstanding at September 30, 2011; 1,400,000 issued and outstanding at December 31, 2010. Liquidation value of $234.0 million and $140.0 million at September 30, 2011 and December 31, 2010, respectively.224,583140,000
Common stock: $0.001 par value, 100,000,000 shares authorized; 51,695,201 issued and 51,619,361 outstanding at September 30, 2011; 51,347,163 issued and 51,271,323 outstanding at December 31, 20105251
Additional paid-in capital533,885570,739
Accumulated deficit(526,586)(356,866)
Accumulated other comprehensive loss(103,068)(101,027)
Treasury stock, at cost(911)(911)
Total shareholders' equity127,955251,986
Total liabilities and equity$ 3,431,156$ 3,290,102