Consolidated Balance Sheets (Unaudited) (USD $) In Thousands	Sep. 30, 2011	Dec. 31, 2010
Current assets:
Cash and cash equivalents	$ 5,952	$ 2,605
Cash held in escrow	564	615
Accounts receivable	5,074	5,396
Assets from price risk management	6,481	9,622
Other current assets	4,840	3,653
Total current assets	22,911	21,891
Oil and gas properties and equipment, successful efforts method:
Developed properties	194,226	188,143
Wells in progress	9,039	4,039
Gas transportation pipeline	5,475	5,465
Undeveloped properties	3,068	3,062
Corporate and other assets	2,001	1,982
Total oil and gas properties and equipment, successful efforts method	213,809	202,691
Less accumulated depreciation, depletion and amortization	(86,543)	(72,226)
Net properties and equipment	127,266	130,465
Assets from price risk management	2,142	0
Other assets	142	161
TOTAL ASSETS	152,461	152,517
Current liabilities:
Accounts payable and accrued expenses	10,184	10,830
Accrued production taxes	2,034	2,757
Capital lease obligations, current portion	137	545
Other current liabilities	119	282
Total current liabilities	12,474	14,414
Credit facility	32,000	32,000
Asset retirement obligation	6,475	5,848
Deferred tax liability	10,939	9,578
Total liabilities	61,888	61,840
Preferred stock, $0.10 par value; 10,000,000 shares authorized; 1,610,000 shares issued and outstanding as of September 30, 2011 and December 31, 2010	37,972	37,972
Stockholders' equity:
Common stock, $0.10 par value; 50,000,000 shares authorized; 11,210,903 issued and 11,198,204 shares outstanding as of September 30, 2011 and 11,165,305 issued and 11,155,080 outstanding as of December 31, 2010, respectively	1,119	1,116
Additional paid-in capital	45,331	44,583
Retained earnings	4,543	1,438
Accumulated other comprehensive income	1,608	5,568
Total stockholders' equity	52,601	52,705
TOTAL LIABILITIES, PREFERRED STOCK AND STOCKHOLDERS' EQUITY	$ 152,461	$ 152,517