Consolidated Statements of Operations (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended
	Mar. 31, 2012	Mar. 31, 2011
OIL AND GAS SALES, net of gain from ineffectiveness of derivatives of $0 and $408, respectively	$ 17,401	$ 29,376
EXPENSES:
Lease operations	3,108	2,898
Production and severance taxes	(237)	383
Depreciation, depletion, and amortization	7,465	12,789
Impairment of oil and natural gas properties and assets held for sale	28,999	48,320
General and administrative	6,995	7,077
Total expenses	46,330	71,467
Loss from operations	(28,929)	(42,091)
NON-OPERATING INCOME (EXPENSES):
Interest expense	(10,702)	(8,022)
Gain (loss) on extinguishment of debt	2,781	(108)
Interest and other income	72	269
Unrealized gain (loss) on derivatives	790	(444)
Total non-operating expense	(7,059)	(8,305)
Loss before income taxes	(35,988)	(50,396)
INCOME TAX PROVISION	(1,887)	(1,432)
NET LOSS	(37,875)	(51,828)
Net income attributable to noncontrolling interest	889	1,412
NET LOSS APPLICABLE TO GMX RESOURCES	(38,764)	(53,240)
Preferred stock dividends	1,837	1,210
NET LOSS APPLICABLE TO COMMON SHAREHOLDERS	$ (40,601)	$ (54,450)
LOSS PER SHARE – Basic (in dollars per share)	$ (0.66)	$ (1.29)
LOSS PER SHARE – Diluted (in dollars per share)	$ (0.66)	$ (1.29)
WEIGHTED AVERAGE COMMON SHARES – Basic	61,672,720	42,150,589
WEIGHTED AVERAGE COMMON SHARES – Diluted	61,672,720	42,150,589