CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended
	Mar. 31, 2012	Mar. 31, 2011
REVENUES:
Oil sales	$ 45,082	$ 35,583
Natural gas sales	3,450	4,073
Natural gas liquid sales	6,272	2,045
Losses on commodity derivative contracts - net	(24,665)	(28,596)
Other	105	54
Total revenues	30,244	13,159
EXPENSES:
Lease operating and workover	6,467	2,606
Severance and other taxes	5,376	4,124
Asset retirement accretion	134	47
General and administrative	6,064	3,904
Depreciation, depletion, and amortization	28,027	18,618
Total expenses	46,068	29,299
OPERATING LOSS	(15,824)	(16,140)
OTHER INCOME (EXPENSE)
Interest income	7	8
Interest expense - net of amounts capitalized	(1,690)
Total other income (expense)	(1,683)	8
NET LOSS	(17,507)	(16,132)
Pro forma basic loss per share (in dollars per share)	$ (0.16)	$ (0.15)
Pro forma diluted loss per share (in dollars per share)	$ (0.16)	$ (0.15)
Pro forma basic weighted average shares outstanding (in shares)	65,634,353	65,634,353
Pro forma diluted weighted average shares outstanding (in shares)	65,634,353	65,634,353
Pro Forma
OTHER INCOME (EXPENSE)
NET LOSS	(10,469)	(9,647)
Pro forma income tax benefit	$ (7,038)	$ (6,485)