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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2012
Dec. 31, 2011
CURRENT ASSETS:    
Cash and cash equivalents $ 9,194 $ 7,344
Accounts receivable:    
Oil and gas sales 20,915 23,792
Severance tax refund 580 3,413
Other 335 249
Prepayments 4,560 2,642
Inventory 6,208 5,713
Commodity derivative contracts 517 4,957
Total current assets 42,309 48,110
Oil and gas properties, on the basis of full-cost accounting:    
Proved properties 730,723 644,393
Unevaluated properties 88,470 76,857
Other property and equipment 1,940 1,672
Less accumulated depreciation, depletion, and amortization (176,870) (148,843)
Net property and equipment 644,263 574,079
OTHER ASSETS:    
Commodity derivative contracts 374 588
Security deposit and other noncurrent assets 1,663 1,879
Total other assets 2,037 2,467
TOTAL 688,609 624,656
CURRENT LIABILITIES:    
Accounts payable 49,425 35,731
Accrued liabilities 50,477 37,524
Commodity derivative contracts 22,816 12,599
Current portion of long-term debt 25,000  
Total current liabilities 147,718 85,854
LONG-TERM LIABILITIES:    
Asset retirement obligations 8,206 7,627
Commodity derivative contracts 13,473 10,178
Long-term debt 209,800 234,800
Mandatorily redeemable convertible preferred units 40,762  
Other long-term liabilities 655 695
Total long-term liabilities 272,896 253,300
COMMITMENTS AND CONTINGENCIES (Note 10)      
MEMBERS' EQUITY 267,995 285,502
TOTAL $ 688,609 $ 624,656