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Condensed Consolidated Balance Sheets (USD $)
In Thousands
Jun. 30, 2011
Dec. 31, 2010
Current assets    
Cash and equivalents $ 1,305 $ 730
Accounts receivable - trade, net 11,092 11,845
Other receivables 2,357 1,153
Inventory 5,088 6,161
Other current assets 7,949 2,799
Derivative financial instruments 29,714 31,588
Total 57,505 54,276
Oil and gas properties, full cost accounting, net 119,443 116,488
Pipeline assets, net 60,229 61,148
Other property and equipment, net 15,091 15,964
Other noncurrent assets, net 4,932 9,303
Derivative financial instruments 30,593 39,633
Total assets 287,793 296,812
Current liabilities    
Accounts payable 6,139 7,030
Revenue payable 5,557 5,898
Accrued expenses and other current liabilities 11,257 7,190
Litigation reserve 10,620 1,020
Current portion of long-term debt 9,000 10,500
Derivative financial instruments 4,669 3,792
Total 47,242 35,430
Derivative financial instruments 6,050 6,681
Long-term debt 183,000 209,721
Asset retirement obligations 7,516 7,150
Other noncurrent liabilities 400 0
Total liabilities 244,208 258,982
Commitments and contingencies    
Stockholders' equity    
Common stock, $0.01 par value; authorized shares - 40,000,000; 8,238,982 and 8,429,168 issued and outstanding at December 31, 2010 and June 30, 2011, respectively 84 82
Additional paid-in capital 376,609 377,538
Accumulated deficit (386,744) (390,414)
Total deficit (10,049) (12,792)
Total liabilities and equity 287,793 296,812
Redeemable Preferred Stock | Series A Preferred Stock
   
Current liabilities    
Series A Cumulative Redeemable Preferred Stock, $0.01 par value; issued and outstanding - 6,000 shares 53,634 50,622
Series B Preferred Stock
   
Stockholders' equity    
Preferred stock, $0.01 par value; authorized shares - 5,000,000; 195,842 and 202,043 Series B Voting Preferred Stock issued and outstanding at December 31, 2010 and June 30, 2011, respectively $ 2 $ 2