CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
ASSETS
Cash and Cash Equivalents	$ 26,584	$ 134,006
Accounts Receivable:
Oil and gas sales	16,659	15,241
Joint interest operations	2,033	3,552
Derivative Financial Instruments		1,446
Assets Held for Sale	29,442
Other Current Assets	1,975	1,993
Total current assets	76,693	156,238
Property and Equipment:
Unproved oil and gas properties		84,144
Oil and gas properties, successful efforts method	3,774,780	4,332,222
Other	19,577	19,521
Accumulated depreciation, depletion and amortization	(2,986,614)	(3,397,467)
Net property and equipment	807,743	1,038,420
Other Assets	1,076	1,192
Total Assets	885,512	1,195,850
LIABILITIES AND STOCKHOLDERS' DEFICIT
Accounts Payable	37,786	57,276
Accrued Liabilities	20,398	38,444
Total current liabilities	58,184	95,720
Long-term Debt	1,025,522	1,249,330
Deferred Income Taxes	5,677	1,965
Reserve for Future Abandonment Costs	16,152	20,093
Total liabilities	1,105,535	1,367,108
Commitments and Contingencies
Stockholders' Deficit:
Common stock — $0.50 par, 50,000,000 shares authorized, 13,383,016 and 9,544,035 shares outstanding at September 30, 2016 and December 31, 2015, respectively	6,692	4,772
Common stock warrants	7,938
Additional paid-in capital	526,248	504,670
Accumulated deficit	(760,901)	(680,700)
Total stockholders' deficit	(220,023)	(171,258)
Total liabilities and stockholders' deficit	$ 885,512	$ 1,195,850