CONSOLIDATED BALANCE SHEETS (USD $) In Thousands, unless otherwise specified	Dec. 31, 2011	Dec. 31, 2010
Current assets:
Cash and cash equivalents	$ 0	$ 99
Accounts receivable:
Joint owners	3,354	5,145
Oil and gas production sales	8,897	6,958
Other	655	642
Total Accounts Receivables	12,906	12,745
Derivative asset - current	11,416	6,941
Assets held for sale	0	8,457
Other current assets	391	396
Total current assets	24,713	28,638
Oil and gas properties, full cost method of accounting:
Proved	490,908	434,858
Unproved properties excluded from depletion	1,100	1,085
Other property and equipment	33,783	11,536
Total	525,791	447,479
Less accumulated depreciation, depletion, and amortization	(346,239)	(330,231)
Total property and equipment, net	179,552	117,248
Investment in joint venture	26,215	24,027
Deferred financing fees, net	3,490	3,494
Derivative asset - long-term	6,412	8,674
Other assets including marketable securities	768	828
Total assets	241,150	182,909
Current liabilities:
Accounts payable	21,373	23,589
Joint interest oil and gas production payable	5,835	3,000
Accrued interest	209	277
Other accrued expenses	284	779
Derivative liability - current	11,640	9,742
Current maturities of long-term debt	181	152
Total current liabilities	39,522	37,539
Long-term debt - less current maturities	126,258	140,940
Derivative liability - long-term	4,307	11,672
Future site restoration	8,412	7,734
Total liabilities	178,499	197,885
Commitments and contingencies (Note 9)
Stockholders' Equity (Deficit):
Preferred stock, par value $.01 per share - authorized 1,000,000 shares; -0- shares issued and outstanding	0	0
Common stock, par value $.01 per share - authorized 200,000,000 shares; issued and outstanding 76,427,561 and 92,261,057	923	764
Additional paid-in capital	248,480	184,223
Accumulated deficit	(186,465)	(200,208)
Accumulated other comprehensive (loss) income	(287)	245
Total stockholders' equity (deficit)	62,651	(14,976)
Total liabilities and stockholders' equity (deficit)	$ 241,150	$ 182,909