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Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 1,521 $ 80,128
Trade accounts receivable - net 67,991 31,817
Fair value of commodity derivative instruments 3,302 587
Deferred tax asset 3,322  
Prepaid expenses 9,873 11,046
Total current assets 86,009 123,578
Property and equipment, at cost under the successful efforts method of accounting 2,025,647 1,082,248
Less accumulated depreciation, depletion, amortization and impairments (427,580) (305,110)
Net property and equipment 1,598,067 777,138
Restricted cash 6,023 6,023
Fair value of commodity derivative instruments 211  
Deferred financing costs -- net of accumulated amortization of $2,596 and $1,061 at December 31, 2012 and 2011, respectively 12,386 5,452
Other assets 2,931 3,029
Total Assets 1,705,627 915,220
Current liabilities:    
Accounts payable 34,772 25,393
Accrued expenses 117,372 58,538
Asset retirement obligations 30,179 25,578
Fair value of commodity derivative instruments 10,026 1,056
Deferred tax liabilities   2,823
Total current liabilities 192,349 113,388
Long-term debt 689,911 204,390
Asset retirement obligations 204,931 73,769
Deferred tax liabilities 67,694 31,775
Fair value of commodity derivative instruments 3,637 190
Other 1,132 663
Total Liabilities 1,159,654 424,175
Commitments and contingencies (Note 8)      
Stockholders' equity:    
Preferred stock, $0.001 par value. Authorized 1,000,000 shares; no shares issued and outstanding at December 31, 2012 and 2011, respectively      
Common stock, par value $0.001 per share. Authorized 75,000,000 shares; shares issued: 40,601,887 and 40,326,451 at December 31, 2012 and 2011, respectively; shares outstanding: 39,103,203 and 39,404,106 December 31, 2012 and 2011, respectively 40 40
Additional paid-in capital 510,469 505,235
Treasury stock, at cost, 1,498,684 and 922,345 shares at December 31, 2012 and 2011, respectively (20,477) (11,361)
Retained earnings (accumulated deficit) 55,941 (2,869)
Total stockholders' equity 545,973 491,045
Total liabilities and stockholders' equity $ 1,705,627 $ 915,220