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Condensed Consolidated Balance Sheets (USD $)
In Thousands
Sep. 30, 2011
Dec. 31, 2010
CURRENT ASSETS:  
Cash and cash equivalents$ 44$ 37
Accounts receivable:  
Oil and natural gas sales, net of allowance of $50 ($50 at December 31, 2010)8,3949,797
Joint interest operations, net of allowance of $479 ($479 at December 31, 2010)443631
Other, net of allowance of $11 ($48 at December 31, 2010)452155
Derivative assets5,0701,340
Prepaid expenses5401,657
Deferred tax asset03,526
Inventory3,8833,382
Other current assets5374
Total current assets19,36320,529
PROPERTIES AND EQUIPMENT, AT COST:  
Proved oil and natural gas properties and equipment, using full cost accounting708,984689,472
Other property and equipment10,47110,072
Total properties and equipment, at cost719,455699,544
Less accumulated depreciation, amortization and impairment(505,179)(489,634)
Total properties and equipment214,276209,910
OTHER ASSETS:  
Deferred tax asset26,28931,001
Derivative assets8,1250
Deferred loan costs, net of accumulated amortization of $716 ($5,012 at December 31, 2010)6,2872,609
Other988952
Total assets275,328265,001
Accounts payable:  
Trade10,36117,149
Oil and natural gas proceeds due others8,9249,414
Other3452
Accrued liabilities:  
Compensation1,5241,948
Interest4752,448
Income taxes318699
Other9710
Deferred tax liability2,8910
Derivative liabilities2640
Asset retirement obligations367639
Long-term debt due within one year146127
Total current liabilities25,37032,886
DERIVATIVE LIABILITIES303203
LONG-TERM DEBT200,252196,965
ASSET RETIREMENT OBLIGATIONS31,96830,770
OTHER LONG-TERM LIABILITIES1010
COMMITMENTS AND CONTINGENCIES  
STOCKHOLDERS' EQUITY:  
Common stock, $0.0001 par value, 100,000,000 shares authorized, 83,341,299 and 82,597,829 shares issued, 79,067,298 and 78,386,983 shares outstanding at September 30, 2011 and December 31, 2010, respectively88
Additional paid-in capital228,616226,042
Treasury stock - 4,274,001 shares (4,210,846 shares at December 31, 2010) at cost(7,093)(6,976)
Accumulated deficit(204,106)(214,907)
Stockholders' equity17,4254,167
Total liabilities and stockholders' equity$ 275,328$ 265,001