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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2012
Dec. 31, 2011
CURRENT ASSETS:    
Cash and cash equivalents $ 71,079 $ 102,493
Restricted Cash 4,325 4,325
Short-term investments 2,000 0
Accounts receivable – interest owners 7,904 8,607
Accounts receivable – oil and natural gas revenues, net 5,695 7,082
Derivative instruments 778 0
Inventories 326 326
Prepaid expenses and deposits 2,211 2,655
Assets held for sale 1,910 2,045
Total current assets 96,228 127,533
OIL AND NATURAL GAS PROPERTIES, BASED ON THE FULL COST METHOD    
Properties being amortized 1,085,361 1,062,801
Properties not subject to amortization 153,085 147,224
Less accumulated depreciation, depletion, and impairment (906,232) (871,346)
Oil and Gas Property, Full Cost Method, Net 332,214 338,679
PROPERTY AND EQUIPMENT, AT COST, NET 64,464 65,858
DERIVATIVE INSTRUMENTS 500 0
OTHER ASSETS 8,983 10,131
TOTAL ASSETS 502,389 542,201
CURRENT LIABILITIES:    
Accounts payable 12,919 13,550
Accrued expenses 14,485 17,835
Accrued interest 12,557 3,256
Revenue distributions payable 5,411 5,980
Current maturities of long-term debt 58,151 26
Total current liabilities 103,523 40,647
LONG-TERM DEBT, LESS CURRENT MATURITIES 356,958 426,805
DEFERRED PREMIUMS ON DERIVATIVE INSTRUMENTS 312 0
OTHER LIABILITIES 7,684 7,476
Preferred stock, par value $.001 per share, 10,000,000 shares authorized:    
Common stock, par value $.001 per share – 100,000,000 shares authorized, 69,272,437 shares issued and outstanding as of March 31, 2012 and 63,085,432 shares issued and outstanding as of December 31, 2011 69 63
Additional paid-in capital 702,041 690,986
Accumulated deficit (689,942) (649,341)
Accumulated other comprehensive income, net of taxes 10,517 14,029
Total GMX Resources’ equity 22,688 55,740
Noncontrolling interest 11,224 11,533
Total equity 33,912 67,273
TOTAL LIABILITIES AND EQUITY 502,389 542,201
Junior Participating Preferred Class A [Member]
   
Preferred stock, par value $.001 per share, 10,000,000 shares authorized:    
Preferred stock, par value $.0001 per share 0 0
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 $ 3