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Condensed Consolidated Balance Sheets (Unaudited) (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 349 $ 5,205
Accounts receivable, net:    
Joint owners 7,710 15,493
Oil and gas production 19,013 16,625
Other 75 1,497
Total accounts receivable 26,798 33,615
Derivative asset – current 218 85
Other current assets 529 644
Total current assets 27,894 39,549
Oil and gas properties, full cost method of accounting:    
Proved 597,615 564,755
Other property and equipment 38,684 38,959
Total 636,299 603,714
Less accumulated depreciation, depletion, and amortization (429,408) (423,069)
Total property and equipment – net 206,891 180,645
Deferred financing fees, net 1,791 2,140
Derivative asset – long-term 547 925
Other assets 391 391
Total assets 237,514 223,650
Current liabilities:    
Accounts payable 40,904 52,793
Oil and gas production payable 16,961 23,810
Accrued interest 65 31
Other accrued expenses 1,716 1,231
Derivative liability – current 2,860 2,728
Current maturities of long-term debt 2,158 2,142
Total current liabilities 64,664 82,735
Long-term debt, excluding current maturities 68,404 41,790
Other liabilities 57 57
Derivative liability – long-term 2,510 2,274
Future site restoration 9,846 9,888
Total liabilities 145,481 136,744
Stockholders’ Equity    
Preferred stock, par value $0.01 per share, authorized 1,000,000 shares; -0- issued and outstanding 0 0
Common stock, par value $0.01 per share, authorized 200,000,000 shares; 93,676,095 and 92,906,049 issued and outstanding, respectively 937 929
Additional paid-in capital 253,670 253,193
Accumulated deficit (161,905) (166,609)
Accumulated other comprehensive (loss) income (669) (607)
Total stockholders’ equity 92,033 86,906
Total liabilities and stockholders’ equity $ 237,514 $ 223,650