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Condensed Consolidated Balance Sheets (Unaudited) (USD $)
In Thousands
Jun. 30, 2011
Dec. 31, 2010
Current assets:    
Cash and cash equivalents $ 374 $ 1,844
Accounts receivable 50,942 45,154
Deferred income taxes 12,411 11,954
Derivative instruments 3,444 4,745
Prepaid expenses and other current assets 1,537 1,596
Total current assets 68,708 65,293
Oil and gas properties, full cost method of accounting    
Unproved 58,248 37,235
Proved 739,163 689,021
Other property and equipment 3,184 2,869
Accumulated depletion, depreciation and amortization (83,706) (57,564)
Net property and equipment 716,889 671,561
Other assets:    
Restricted cash 16,601 14,781
Derivative instruments 2,435 3,098
Deferred financing costs 2,899 3,281
Other assets 1,274 2,509
Total assets 808,806 760,523
Current liabilities:    
Accounts payable and accrued expenses 70,459 58,144
Asset retirement obligations 2,843 3,072
Derivative instruments 31,398 31,193
Total current liabilities 104,700 92,409
Long term liabilities:    
Long term debt 66,500 127,900
Asset retirement obligations 11,079 11,693
Derivative instruments 56,724 51,279
Deferred income taxes 79,034 73,376
Total liabilities 318,037 356,657
Commitments and contingencies    
Stockholders' equity:    
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding 0 0
Common stock, $0.0001 par value; 225,000,000 shares authorized; issued and outstanding 60,972,486 and 54,717,571 shares at June 30, 2011 and December 31, 2010, respectively 6 5
Additional paid-in capital 514,802 436,794
Accumulated deficit (24,039) (32,933)
Total stockholders' equity 490,769 403,866
Total liabilities and stockholders' equity $ 808,806 $ 760,523