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Condensed Consolidated Balance Sheets (Unaudited) (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 3,742 $ 5,205
Accounts receivable, net:    
Joint owners 5,299 15,493
Oil and gas production 22,572 16,625
Other 980 1,497
Total accounts receivable 28,851 33,615
Derivative asset – current 113 85
Other current assets 362 644
Total current assets 33,068 39,549
Oil and gas properties, full cost method of accounting:    
Proved 652,158 564,755
Other property and equipment 39,213 38,959
Total 691,371 603,714
Less accumulated depreciation, depletion, and amortization (440,322) (423,069)
Total property and equipment – net 251,049 180,645
Deferred financing fees, net 2,366 2,140
Derivative asset – long-term 0 925
Other assets 391 391
Total assets 286,874 223,650
Current liabilities:    
Accounts payable 49,003 52,793
Oil and gas production payable 16,509 23,810
Accrued interest 79 31
Other accrued expenses 2,106 1,231
Derivative liability – current 6,318 2,728
Current maturities of long-term debt 2,181 2,142
Total current liabilities 76,196 82,735
Long-term debt, excluding current maturities 44,850 41,790
Other liabilities 57 57
Derivative liability – long-term 5,785 2,274
Future site restoration 9,747 9,888
Total liabilities 136,635 136,744
Commitments and Contingencies      
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; 105,346,011 and 92,906,049 issued and outstanding, respectively 1,053 929
Additional paid-in capital 308,696 253,193
Accumulated deficit (158,871) (166,609)
Accumulated other comprehensive loss (639) (607)
Total stockholders’ equity 150,239 86,906
Total liabilities and stockholders’ equity $ 286,874 $ 223,650