XML 23 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Balance Sheets (Unaudited) (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 2,686 $ 5,205
Accounts receivable, net:    
Joint owners 4,536 15,493
Oil and gas production 24,778 16,625
Other 440 1,497
Total accounts receivable 29,754 33,615
Derivative asset – current 332 85
Other current assets 738 644
Total current assets 33,510 39,549
Oil and gas properties, full cost method of accounting:    
Proved 694,071 564,755
Other property and equipment 39,980 38,959
Total 734,051 603,714
Less accumulated depreciation, depletion, and amortization (453,153) (423,069)
Total property and equipment – net 280,898 180,645
Deferred financing fees, net 2,307 2,140
Derivative asset – long-term 7 925
Other assets 391 391
Total assets 317,113 223,650
Current liabilities:    
Accounts payable 45,011 52,793
Oil and gas production payable 20,752 23,810
Accrued interest 75 31
Other accrued expenses 2,204 1,231
Derivative liability – current 924 2,728
Current maturities of long-term debt 2,205 2,142
Total current liabilities 71,171 82,735
Long-term debt, excluding current maturities 59,290 41,790
Other liabilities 57 57
Derivative liability – long-term 1,024 2,274
Future site restoration 9,539 9,888
Total liabilities 141,081 136,744
Commitments and contingencies (Note 8)      
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; 105,377,618 and 92,906,049 issued and outstanding, respectively 1,054 929
Additional paid-in capital 309,127 253,193
Accumulated deficit (133,475) (166,609)
Accumulated other comprehensive loss (674) (607)
Total stockholders’ equity 176,032 86,906
Total liabilities and stockholders’ equity $ 317,113 $ 223,650