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Condensed Consolidated Balance Sheets (USD $)
In Thousands
Jun. 30, 2011
Dec. 31, 2010
CURRENT ASSETS:    
Cash and cash equivalents $ 454 $ 37
Accounts receivable:    
Oil and natural gas sales, net of allowance of $50 ($50 at December 31, 2010) 9,657 9,797
Joint interest operations, net of allowance of $479 ($479 at December 31, 2010) 724 631
Other, net of allowance of $34 ($48 at December 31, 2010) 152 155
Derivative assets 0 1,340
Prepaid expenses 1,030 1,657
Deferred tax asset 7,422 3,526
Inventory 3,812 3,382
Other current assets 384 4
Total current assets 23,635 20,529
PROPERTIES AND EQUIPMENT, AT COST:    
Proved oil and natural gas properties and equipment, using full cost accounting 702,668 689,472
Other property and equipment 10,438 10,072
Total properties and equipment, at cost 713,106 699,544
Less accumulated depreciation, amortization and impairment (499,994) (489,634)
Total properties and equipment 213,112 209,910
OTHER ASSETS:    
Deferred tax asset 29,058 31,001
Deferred loan costs, net of accumulated amortization of $381 ($5,012 at December 31, 2010) 6,622 2,609
Other 978 952
Total assets 273,405 265,001
Accounts payable:    
Trade 13,807 17,149
Oil and natural gas proceeds due others 9,455 9,414
Other 155 452
Accrued liabilities:    
Compensation 1,794 1,948
Interest 502 2,448
Income taxes 334 699
Other 640 10
Derivative liabilities 1,576 0
Asset retirement obligations 352 639
Long-term debt due within one year 146 127
Total current liabilities 28,761 32,886
DERIVATIVE LIABILITIES 3,079 203
LONG-TERM DEBT 205,289 196,965
ASSET RETIREMENT OBLIGATIONS 31,504 30,770
OTHER LONG-TERM LIABILITIES 10 10
COMMITMENTS AND CONTINGENCIES    
STOCKHOLDERS' EQUITY (DEFICIT):    
Common stock, $0.0001 par value, 100,000,000 shares authorized, 83,386,299 and 82,597,829 shares issued, 79,120,829 and 78,386,983 shares outstanding at June 30, 2011 and December 31, 2010, respectively 8 8
Additional paid-in capital 227,720 226,042
Treasury stock - 4,265,470 shares (4,210,846 shares at December 31,2010) at cost (7,084) (6,976)
Accumulated deficit (215,882) (214,907)
Stockholders' equity 4,762 4,167
Total liabilities and stockholders' equity $ 273,405 $ 265,001