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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 6,666 $ 2,799
Cash held in escrow 283 283
Accounts receivable, net 6,068 5,111
Assets from price risk management   205
Other current assets 3,256 3,130
Total current assets 16,273 11,528
Oil and gas properties and equipment, successful efforts method:    
Developed properties 238,330 238,332
Wells in progress 2,061 2,342
Gas transportation pipeline 5,510 5,510
Undeveloped properties 2,705 2,705
Corporate and other assets 2,041 2,041
Total oil and gas properties and equipment, successful efforts method 250,647 250,930
Less accumulated depreciation, depletion and amortization (135,768) (130,518)
Net properties and equipment 114,879 120,412
Assets from price risk management 694 402
Other assets 58 58
TOTAL ASSETS 131,904 132,400
Current liabilities:    
Accounts payable and accrued expenses 8,002 7,327
Liabilities from price risk management 1,626  
Accrued production taxes 3,058 2,275
Other current liabilities 231 222
Total current liabilities 12,917 9,824
Credit facility 47,950 47,450
Asset retirement obligation 8,168 8,420
Liabilities from price risk management 133 97
Deferred tax liability 657 1,236
Other long-term liabilities 44 90
Total liabilities 69,869 67,117
Preferred stock, $0.10 par value; 10,000,000 shares authorized; 1,610,000 shares issued and outstanding as of March 31, 2014 and December 31, 2013 37,972 37,972
Stockholders' equity:    
Common stock, $0.10 par value; 50,000,000 shares authorized; issued 12,228,769 and 12,143,942 outstanding at March 31, 2014 and 11,517,261 issued and 11,452,473 outstanding at December 31, 2013 1,214 1,145
Common stock, to be issued $.10 par value; 2,018,826 shares 202  
Additional paid-in capital 45,419 42,302
Subscriptions receivable (2,250)  
Accumulated deficit (20,522) (16,136)
Total stockholders' equity 24,063 27,311
TOTAL LIABILITIES, PREFERRED STOCK AND STOCKHOLDERS' EQUITY $ 131,904 $ 132,400