Accounts Payable and Accrued Liabilities

9 Months Ended

Sep. 30, 2011

Accounts Payable and Accrued Liabilities

Accounts Payable and Accrued Liabilities

Note 10 — Accounts Payable and Accrued Liabilities

Accounts payable and accrued liabilities at September 30, 2011 and December 31, 2010 consist of the following:

(in thousands)	September 30, 2011		December 31, 2010
Accounts payable	$	793	$	342
Oil and gas revenue payable to oil and gas property owners	1,519		325
Production taxes payable	407		35
Accrued drilling costs	21		113
Accrued lease operating costs	571		98
Accrued ad valorem taxes	303		305
Accrued bonus and payroll costs	477		169
Private placement offering costs	236		—
Other accrued liabilities	697		245
Total accounts payable and accrued liabilities	$	5,024	$	1,632