XML 39 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 2,939 $ 1,521
Trade accounts receivable - net 68,748 67,991
Fair value of commodity derivative instruments 972 3,302
Deferred tax asset 4,414 3,322
Prepaid expenses 14,454 9,873
Total current assets 91,527 86,009
Property and equipment, at cost under the successful efforts method of accounting 2,299,323 2,025,647
Less accumulated depreciation, depletion, amortization and impairments (569,124) (427,580)
Net property and equipment 1,730,199 1,598,067
Restricted cash 6,023 6,023
Fair value of commodity derivative instruments 675 211
Deferred financing costs -- net of accumulated amortization of $4,800 at September 30, 2013 and $2,596 at December 31, 2012 10,851 12,386
Other assets 4,023 2,931
Total Assets 1,843,298 1,705,627
Current liabilities:    
Accounts payable 55,410 34,772
Accrued expenses 103,160 117,372
Asset retirement obligations 47,482 30,179
Fair value of commodity derivative instruments 10,694 10,026
Total current liabilities 216,746 192,349
Long-term debt 621,723 689,911
Asset retirement obligations 240,288 204,931
Deferred tax liabilities 124,025 67,694
Fair value of commodity derivative instruments 281 3,637
Other 1,158 1,132
Total Liabilities 1,204,221 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 September 30, 2013 and December 31, 2012 0 0
Common stock, par value $0.001 per share. Authorized 75,000,000 shares; shares issued: 40,948,737 and 40,601,887 at September 30, 2013 and December 31, 2012, respectively; shares outstanding: 39,083,424 and 39,103,203 at September 30, 2013 and December 31, 2012, respectively 40 40
Additional paid-in capital 516,690 510,469
Treasury stock, at cost, 1,865,313 and 1,498,684 shares at September 30, 2013 and December 31, 2012, respectively (30,926) (20,477)
Retained earnings 153,273 55,941
Total stockholders' equity 639,077 545,973
Total liabilities and stockholders' equity $ 1,843,298 $ 1,705,627