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CONSOLIDATED BALANCE SHEET (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 5,205 $ 2,061
Accounts receivable:    
Joint owners 15,493 8,883
Oil and gas production sales 16,625 10,887
Other 1,497 661
Total accounts receivable 33,615 20,431
Derivative asset 85 41
Other current assets 644 488
Total current assets 39,549 23,021
Oil and gas properties, full cost method of accounting:    
Proved 564,755 563,317
Unproved properties excluded from depletion 0 2,089
Other property and equipment 38,959 37,833
Total 603,714 603,239
Less accumulated depreciation, depletion, and amortization (423,069) (390,407)
Total property and equipment, net 180,645 212,832
Deferred financing fees, net 2,140 3,397
Derivative asset 925 594
Other assets 391 763
Total assets 223,650 240,607
Current liabilities:    
Accounts payable 52,793 42,387
Joint interest oil and gas production payable 23,810 6,947
Accrued interest 31 75
Other accrued expenses 1,231 962
Derivative liability 2,728 3,462
Current maturities of long-term debt 2,142 657
Total current liabilities 82,735 54,490
Long-term debt – less current maturities 41,790 124,101
Other liabilities 57 367
Derivative liability 2,274 3,568
Future site restoration 9,888 11,381
Total liabilities 136,744 193,907
Commitments and contingencies 0 0
Stockholders’ Equity:    
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 92,733,448 and 92,906,049 929 927
Additional paid-in capital 253,193 250,998
Accumulated deficit (166,609) (205,256)
Accumulated other comprehensive income (loss) (607) 31
Total stockholders’ equity 86,906 46,700
Total liabilities and stockholders’ equity $ 223,650 $ 240,607