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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
1 Months Ended 9 Months Ended 8 Months Ended
Sep. 30, 2012
Successor
Sep. 30, 2013
Successor
Aug. 31, 2012
Predecessor
Cash flows from operating activities:      
Net loss $ (2,002,000) $ (28,650,000) $ (45,437,000)
Adjustments to reconcile net loss to cash provided by (used in) operating activities:      
Depreciation, depletion, amortization and accretion 124,000 3,022,000 16,041,000
Interest, prepayments premiums and exit penalty capitalized into note balance    8,036,000 2,989,000
Amortization of deferred financing costs and bond discount 132,000 1,619,000   
Change in asset values due to fresh start accounting adjustments       14,765,000
Gain on extinguishment of senior debt       (166,144,000)
Gain on settlement of liabilities       (2,188,000)
Gain on sale of assets held for sale    (50,000)   
Loss on disposal of other assets    33,000 126,000
Dry hole costs and impairment       151,347,000
Stock-based compensation    491,000 1,895,000
Unrealized loss on derivative contracts    6,645,000   
Loss from unconsolidated affiliates 1,525,000 1,772,000 20,000
Other       (699,000)
Net changes in operating assets and liabilities:      
Trade accounts receivable (581,000) (16,161,000) 3,472,000
Deposits and prepaid assets (190,000) 54,000 (1,378,000)
Inventories    34,778,000   
Supply and exchange agreement    (51,349,000)   
Other assets    2,000   
Accounts payable and other current accrued liabilities 645,000 43,230,000 (4,187,000)
Other accrued liabilities    1,034,000   
Settlement claim liability    4,526,000   
Accrued reorganization costs       9,116,000
Net cash provided by (used in) operating activities (347,000) 9,032,000 (20,262,000)
Cash flows from investing activities:      
Purchase of HIE, net of cash acquired    (559,607,000)   
Additions to property and equipment    (4,627,000) (1,613,000)
Cash restricted for letter of credit    (1,030,000)   
Capitalized drilling costs owed to operator    (261,000)   
Proceeds from sale of oil and gas properties       74,209,000
Proceeds from sale of other fixed assets       26,000
Proceeds from sale of assets held for sale    2,850,000   
Net cash used in investing activities    (562,675,000) 72,622,000
Cash flows from financing activities:      
Funding of purchase of HIE from supply and exchange agreements    384,948,000   
Proceeds from sale of common stock, net of offering cost    199,170,000   
Proceeds from borrowings    67,655,000 23,000,000
Repayments of borrowing    (52,007,000) (59,535,000)
Payment of deferred loan costs    (2,264,000)   
Fund distribution agent account       (21,805,000)
Release of restricted cash held to secure letters of credit    19,000,000   
Proceeds from (funding of) Wapiti and General Recovery Trust 2,000,000    (2,000,000)
Net cash provided by (used in) financing activities 2,000,000 616,502,000 (60,340,000)
Net increase (decrease) in cash and cash equivalents 1,653,000 62,859,000 (7,980,000)
Cash at beginning of period 4,882,000 6,185,000 12,862,000
Cash at end of period 6,535,000 69,044,000 4,882,000
Non cash investing and financing activities and supplemental disclosure of cash paid:      
Stock issued to settle bankruptcy claims    2,468,000   
Stock issued in exchange of liability    932,000   
Cash paid for interest and financing costs    93,000 3,745,000
Restricted cash used to settle bankruptcy claims    4,250,000   
Interest capitalized into note balances 114,000 7,839,000   
Net settlement of supply and exchange agreements    $ 21,639,000