CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2011	Jun. 30, 2010
OPERATING REVENUES
Natural gas sales	$ 15,538,315	$ 13,542,484	$ 30,263,264	$ 28,016,215
Crude oil sales	9,437,066	4,975,157	16,852,709	9,691,852
Natural gas liquids sales	4,689,325	2,753,942	10,170,752	6,048,103
Operating overhead and other income	162,560	181,360	324,088	306,632
Total operating revenues	29,827,266	21,452,943	57,610,813	44,062,802
OPERATING EXPENSES
Lease operating expenses	4,657,344	3,953,646	8,687,922	7,836,497
Production and ad valorem taxes	1,958,269	1,477,963	3,838,475	3,180,827
Exploration expenses	289,595	187,279	381,209	683,116
Depreciation, depletion and amortization	14,385,639	10,514,130	27,866,568	20,937,682
Impairment and abandonment of oil and gas properties	3,965,511		9,410,025
General and administrative	4,207,331	4,486,375	8,534,819	9,395,695
Loss on sale of assets		430,819		430,819
Total operating expenses	29,463,689	21,050,212	58,719,018	42,464,636
INCOME (LOSS) FROM OPERATIONS	363,577	402,731	(1,108,205)	1,598,166
OTHER INCOME (EXPENSE)
Interest expense, net of amount capitalized	(6,247,756)	(5,245,563)	(12,982,584)	(10,602,839)
Other financing cost	(471,274)	(844,927)	(1,171,870)	(1,573,030)
Unrealized (loss) gain on derivative instruments	2,068,515	(3,917,809)	(2,163,290)	1,524,225
Total other income (expense)	(4,650,515)	(10,008,299)	(16,317,744)	(10,651,644)
LOSS BEFORE INCOME TAXES	(4,286,938)	(9,605,568)	(17,425,949)	(9,053,478)
Income tax benefit	1,460,375	3,234,718	6,053,424	2,891,443
NET LOSS	$ (2,826,563)	$ (6,370,850)	$ (11,372,525)	$ (6,162,035)
NET LOSS PER SHARE
Basic (in dollars per share)	$ (0.06)	$ (0.16)	$ (0.25)	$ (0.16)
Diluted (in dollars per share)	$ (0.06)	$ (0.16)	$ (0.25)	$ (0.16)
WEIGHTED AVERAGE SHARES OUTSTANDING
Basic (in shares)	45,188,542	38,635,725	45,065,402	38,571,300
Diluted (in shares)	45,188,542	38,635,725	45,065,402	38,571,300