XML 57 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 3,885 $ 1,521
Restricted cash 51,757  
Trade accounts receivable - net 75,421 67,991
Fair value of commodity derivative instruments 10,758 3,302
Deferred tax asset   3,322
Prepaid expenses 15,730 9,873
Total current assets 157,551 86,009
Property and equipment, at cost under the successful efforts method of accounting 2,152,483 2,025,647
Less accumulated depreciation, depletion, amortization and impairments (515,136) (427,580)
Net property and equipment 1,637,347 1,598,067
Restricted cash 6,023 6,023
Fair value of commodity derivative instruments 7,600 211
Deferred financing costs -- net of accumulated amortization of $4,055 at March 31, 2013 and $2,596 at December 31, 2012 11,564 12,386
Other assets 2,660 2,931
Total Assets 1,822,745 1,705,627
Current liabilities:    
Accounts payable 32,985 34,772
Accrued expenses 135,800 117,372
Asset retirement obligations 28,162 30,179
Fair value of commodity derivative instruments 1,208 10,026
Deferred tax liabilities 2,601  
Total current liabilities 200,756 192,349
Long-term debt 661,106 689,911
Asset retirement obligations 199,005 204,931
Deferred tax liabilities 118,062 67,694
Fair value of commodity derivative instruments   3,637
Other 1,191 1,132
Total Liabilities 1,180,120 1,159,654
Commitments and contingencies      
Stockholders' equity:    
Preferred stock, $0.001 par value. Authorized 1,000,000 shares; no shares issued and outstanding at June 30, 2013 and December 31, 2012      
Common stock, par value $0.001 per share. Authorized 75,000,000 shares; shares issued: 40,912,718 and 40,601,887 at June 30, 2013 and December 31, 2012, respectively; shares outstanding: 39,202,605 and 39,103,203 at June 30, 2013 and December 31, 2012, respectively 40 40
Additional paid-in capital 514,410 510,469
Treasury stock, at cost, 1,710,113 and 1,498,684 shares at June 30, 2013 and December 31, 2012, respectively (26,382) (20,477)
Retained earnings 154,557 55,941
Total stockholders' equity 642,625 545,973
Total liabilities and stockholders' equity $ 1,822,745 $ 1,705,627