CONSOLIDATED STATEMENTS OF OPERATIONS (USD $) In Thousands, except Per Share data, unless otherwise specified	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Revenues:
Oil and gas production revenues	$ 64,615	$ 58,050	$ 51,829
Other	7	10	7
Total revenues	64,622	58,060	51,836
Operating costs and expenses:
Lease operating	21,581	19,475	20,265
Production taxes	5,766	5,910	5,803
Depreciation, depletion, and amortization	16,194	16,212	17,886
Impairment	0	4,787	0
General and administrative (including stock-based compensation of $1,239, $1,560 and $1,987, respectively)	9,433	8,869	7,705
Operating expenses	52,974	55,253	51,659
Operating income	11,648	2,807	177
Other (income) expense:
Interest income	(7)	(8)	(15)
Interest expense	4,898	9,106	11,346
Amortization of deferred financing fees	1,762	2,479	1,326
Financing fees	0	0	362
Loss (gain) on derivative contracts - realized	676	(526)	(15,328)
(Gain) loss on derivative contracts - unrealized	(7,476)	(10,285)	27,650
Equity in (income) loss of joint venture	(2,187)	473	0
Other	316	(119)	2,071
Total other (income) expense	(2,018)	1,120	27,412
Income (loss) from operations before income tax and non-controlling interest	13,666	1,687	(27,235)
Income tax benefit (expense)	77	79	(1,290)
Consolidated net income (loss)	13,743	1,766	(28,525)
Less: Net loss attributable to non-controlling interest	0	0	9,745
Net income (loss)	$ 13,743	$ 1,766	$ (18,780)
Net income (loss) - per common share - basic (in dollars per share)	$ 0.15	$ 0.02	$ (0.34)
Net income (loss) - per common share - diluted (in dollars per share)	$ 0.15	$ 0.02	$ (0.34)