Accounts Payable and Accrued Liabilities

9 Months Ended

12 Months Ended

Sep. 30, 2011

Dec. 31, 2010

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

Note 10 — Accounts Payable and Accrued Liabilities

Accounts payable and accrued liabilities at December 31, 2010 and 2009 consist of the following:

	December 31, 2010		December 31, 2009
Accounts payable	$	341,899	$	224,597
Oil and gas revenue payable to oil and gas property owners	325,544		554,188
Production taxes payable	35,044		16,278
Accrued drilling costs	112,661		171,016
Accrued lease operating costs	98,324		252,667
Accrued ad valorem taxes	305,224		342,099
Accrued general and administrative expenses	168,761		207,019
Accrued other	244,736		138,366
Total accounts payable and accrued liabilities	$	1,632,193	$	1,906,230