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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES:  
Net loss$ (10,845,925)$ (9,981,943)
Adjustments to reconcile net loss to net cash provided by operating activities:  
Depreciation, depletion and amortization41,311,87332,973,530
Asset retirement obligations(203,566)(150,512)
Stock compensation expense1,476,8401,353,344
Amortization of financing costs and discounts1,874,1592,106,059
Deferred income taxes(5,572,553)(5,020,552)
Impairment and abandonment of oil and gas properties14,220,7331,202,033
(Gain) loss on sale of assets 420,366
Gain on derivative instruments(2,059,233)(265,899)
Changes in operating assets and liabilities:  
(Increase) decrease in accounts receivable, net817,559(1,062,726)
Increase in prepaid expenses(58,618)(9,000)
Increase in accounts payable and accrued liabilities9,761,29114,945,755
Net cash provided by operating activities50,722,56036,510,455
CASH FLOWS FROM INVESTING ACTIVITIES:  
Capital expenditures(60,600,958)(38,903,315)
Acquisition of oil and gas properties(940,586) 
Sale of assets (375,026)
Net cash used in investing activities(61,541,544)(39,278,341)
CASH FLOWS FROM FINANCING ACTIVITIES:  
Payments on debt(97,884,387)(69,259,844)
Proceeds from debt108,884,38772,710,872
Debt issuance expenditures(46,213)(594,171)
Proceeds from issuance of common stock29,91235,431
Common stock issuance costs (12,773)
Purchase of treasury stock(164,715)(111,629)
Net cash provided by financing activities10,818,9842,767,886
INCREASE IN CASH AND CASH EQUIVALENTS  
CASH AND CASH EQUIVALENTS, Beginning of period  
CASH AND CASH EQUIVALENTS, End of period  
Cash paid for interest18,789,50819,823,842
Cash paid for income taxes $ 95,000