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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (4,193,080) $ (488,266)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation, depletion and amortization 31,452,022 29,137,944
Asset retirement obligations (187,974) (39,435)
Stock compensation expense 1,350,276 1,172,022
Amortization of financing costs and discounts 851,471 772,201
Deferred income taxes (2,246,789) (11,847)
Impairment of oil and gas properties 1,645,415 1,482,541
Gain on sale of assets (11,359) (8,900)
Unrealized gain on derivative instruments (760,231) (2,512,100)
Changes in operating assets and liabilities:    
(Increase) decrease in accounts receivable, net (2,197,993) 1,623,709
Decrease (increase) in prepaid expenses 53,172 (243,442)
Increase (decrease) in accounts payable and accrued liabilities 15,012,973 (7,627,594)
Net cash provided by operating activities 40,767,903 23,256,833
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (30,448,760) (60,288,459)
Proceeds from sale of assets 11,359 400,900
Net cash used in investing activities (30,437,401) (59,887,559)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payments on debt (87,773,331) (108,273,279)
Proceeds from debt 77,671,170 145,349,665
Debt issuance expenditures   (304,225)
Proceeds from issuance of common stock 40,309 6,953
Purchase of treasury stock (268,650) (148,388)
Net cash provided by (used in) financing activities (10,330,502) 36,630,726
INCREASE IN CASH AND CASH EQUIVALENTS 0  
CASH AND CASH EQUIVALENTS, Beginning of period 0  
CASH AND CASH EQUIVALENTS, End of period 0  
Cash paid for interest 11,834,325 11,850,456
Cash paid for income taxes $ 70,734