Consolidated Balance Sheets (Unaudited) (USD $) In Thousands	Jun. 30, 2011	Dec. 31, 2010
Current assets:
Cash and cash equivalents	$ 4,882	$ 2,605
Cash held in escrow	564	615
Accounts receivable	5,646	5,396
Assets from price risk management	5,291	9,622
Other current assets	3,795	3,653
Total current assets	20,178	21,891
Oil and gas properties and equipment, successful efforts method:
Developed properties	192,307	188,143
Wells in progress	3,683	4,039
Gas transportation pipeline	5,465	5,465
Undeveloped properties	3,000	3,062
Corporate and other assets	2,001	1,982
Total oil and gas properties and equipment, successful efforts method	206,456	202,691
Less accumulated depreciation, depletion and amortization	(81,616)	(72,226)
Net properties and equipment	124,840	130,465
Assets from price risk management	397	0
Other assets	148	161
TOTAL ASSETS	145,563	152,517
Current liabilities:
Accounts payable and accrued expenses	5,567	10,830
Accrued production taxes	3,822	2,757
Capital lease obligations, current portion	273	545
Other current liabilities	128	282
Total current liabilities	9,790	14,414
Line of credit	32,000	32,000
Asset retirement obligation	5,922	5,848
Deferred tax liability	9,384	9,578
Total liabilities	57,096	61,840
Preferred stock, $0.10 par value; 10,000,000 shares authorized; 1,610,000 shares issued and outstanding as of June 30, 2011 and December 31, 2010	37,972	37,972
Stockholders' equity:
Common stock, $0.10 par value; 50,000,000 shares authorized; 11,203,747 issued and 11,191,775 shares outstanding as of June 30, 2011 and 11,165,305 issued and 11,155,080 outstanding as of December 31, 2010, respectively	1,118	1,116
Additional paid-in capital	45,089	44,583
Retained earnings	1,638	1,438
Accumulated other comprehensive income	2,650	5,568
Total stockholders' equity	50,495	52,705
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 145,563	$ 152,517