XML 30 R2.htm IDEA: XBRL DOCUMENT v2.3.0.15
Consolidated Balance Sheets (USD $)
In Thousands
Sep. 30, 2011
Dec. 31, 2010
CURRENT ASSETS:  
Cash and cash equivalents$ 3,228$ 2,357
Accounts receivable – interest owners4,7625,339
Accounts receivable – oil and natural gas revenues, net6,2766,829
Derivative instruments21,64819,486
Inventories326326
Prepaid expenses and deposits5,3655,767
Assets held for sale6,27526,618
Total current assets47,88066,722
OIL AND NATURAL GAS PROPERTIES, BASED ON THE FULL COST METHOD  
Properties being amortized1,070,091938,701
Properties not subject to amortization158,44839,694
Less accumulated depreciation, depletion, and impairment(786,700)(630,632)
Oil and Gas Property, Full Cost Method, Net441,839347,763
PROPERTY AND EQUIPMENT, AT COST, NET66,62769,037
DERIVATIVE INSTRUMENTS6,18517,484
OTHER ASSETS13,4516,084
TOTAL ASSETS575,982507,090
CURRENT LIABILITIES:  
Accounts payable15,76424,919
Accrued expenses22,48333,048
Accrued interest5,2213,317
Revenue distributions payable6,9314,839
Current maturities of long-term debt2626
Total current liabilities50,42566,149
LONG-TERM DEBT, LESS CURRENT MATURITIES372,793284,943
DEFERRED PREMIUMS ON DERIVATIVE INSTRUMENTS1,88310,622
OTHER LIABILITIES7,5577,157
Preferred stock, par value $.001 per share, 10,000,000 shares authorized:  
Common stock, par value $.001 per share-100,000,000 shares authorized, 59,208,178 sharessued and outstanding as of September 30, 2011 and 31,283,353 shares issued and outstanding as of December 31, 20105931
Additional paid-in capital685,055531,944
Accumulated deficit(569,546)(430,784)
Accumulated other comprehensive income, net of taxes14,29415,227
Total GMX Resources’ equity129,865116,420
Noncontrolling interest13,45921,799
Total equity143,324138,219
TOTAL LIABILITIES AND EQUITY575,982507,090
Junior Participating Preferred Class A [Member]
  
Preferred stock, par value $.001 per share, 10,000,000 shares authorized:  
Preferred stock, par value $.0001 per share00
Series B Cumulative Preferred Stock [Member]
  
Preferred stock, par value $.001 per share, 10,000,000 shares authorized:  
Preferred stock, par value $.0001 per share$ 3$ 2