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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2013
Dec. 31, 2012
CURRENT ASSETS:    
Cash and cash equivalents $ 12,285 $ 18,878
Accounts receivable:    
Oil and gas sales 61,650 35,618
Joint interest billing 20,901 10,815
Other 1,519 3,866
Commodity derivative contracts 9,006 5,695
Deferred income taxes 11,517 6,027
Other current assets 10,720 8,573
Total current assets 127,598 89,472
PROPERTY AND EQUIPMENT:    
Oil and gas properties, on the basis of full-cost accounting 2,744,032 1,836,664
Other property and equipment 7,907 5,038
Less accumulated depreciation, depletion, and amortization (369,099) (274,294)
Net property and equipment 2,382,840 1,567,408
OTHER ASSETS:    
Commodity derivative contracts 4,631 1,717
Other noncurrent assets 50,775 25,413
Total other assets 55,406 27,130
TOTAL 2,565,844 1,684,010
CURRENT LIABILITIES:    
Accounts payable 22,438 29,196
Accrued liabilities 150,984 98,649
Commodity derivative contracts 8,883 7,582
Total current liabilities 182,305 135,427
LONG-TERM LIABILITIES:    
Asset retirement obligations 22,617 15,245
Commodity derivative contracts 495 3,943
Long-term debt 1,521,150 694,000
Deferred income taxes 196,115 190,625
Other long-term liabilities 1,088 1,189
Total long-term liabilities 1,741,465 905,002
COMMITMENTS AND CONTINGENCIES (Note 11)      
STOCKHOLDERS' EQUITY    
Preferred stock      
Common stock, $0.01 par value, 300,000,000 shares authorized; 68,652,983 shares issued and 68,545,925 outstanding at June 30, 2013 and 66,619,711 shares issued and outstanding at December 31, 2012 686 666
Treasury stock (605)  
Additional paid-in-capital 833,692 830,003
Retained deficit/accumulated loss (191,702) (187,091)
Total stockholders' equity 642,074 643,581
TOTAL 2,565,844 1,684,010
Series A mandatorily convertible preferred stock, $0.01 par value, $338,000 and $325,000 liquidation value, respectively; 8% cumulative dividends; 325,000 shares issued and outstanding
   
STOCKHOLDERS' EQUITY    
Preferred stock $ 3 $ 3