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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 36,235 $ 163
Accounts receivable 4,154 1,112
Crude oil inventory 8,927 6,787
Prepaids and other current assets 7,031 856
Total current assets 56,347 8,918
Property, plant and equipment:    
Oil and gas properties (successful efforts method of accounting), net 433,721 436,471
Other property, plant and equipment, net 955 752
Total property, plant and equipment, net 434,676 437,223
Other assets 52 52
Total Assets 491,075 446,193
Current liabilities:    
Accounts payable 35,475 31,668
Accrued expenses 10,999 7,446
Asset retirement obligations 12,751 12,479
Note payable - related party 92,147 6,496
Total current liabilities 151,372 58,089
Asset retirement obligations 8,291 8,122
Long-term note payable - related party 50,000   
Other long-term liabilities 68 67
Total liabilities 209,731 66,278
Equity:    
Preferred stock $0.001 par value - 50,000,000 shares authorized; zero issued and outstanding at March 31, 2014 and December 31, 2013      
Common stock $0.001 par value - 2,500,000,000 shares authorized; 1,070,430,276 and 382,362,236 shares issued and outstanding as of March 31, 2014 and December 31, 2013 1,070 382
Paid-in capital 638,365 732,985
Accumulated deficit (358,091) (353,452)
Total equity 281,344 379,915
Total liabilities and equity $ 491,075 $ 446,193