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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 11,991 $ 9,153
Revenue receivable 24,104 26,568
Joint interest billing receivable 23,872 26,556
Derivative asset 27 521
Prepaid drilling costs 520 477
Other current assets 8,176 8,132
Total current assets 68,690 71,407
Oil and gas properties:    
Oil and gas properties, full cost method 2,068,266 2,035,899
Unevaluated oil and gas properties 102,707 98,387
Accumulated depreciation, depletion and amortization (1,573,147) (1,553,044)
Oil and gas properties, net 597,826 581,242
Other property and equipment 14,251 13,993
Accumulated depreciation of other property and equipment (9,226) (8,901)
Total property and equipment 602,851 586,334
Other assets, net of accumulated depreciation and amortization of $6,216 and $5,689, respectively 8,783 9,449
Total assets 680,324 667,190
Current liabilities:    
Accounts payable to vendors 42,713 47,341
Advances from co-owners 7,002 969
Oil and gas revenue payable 29,710 22,664
Accrued interest and preferred stock dividend 4,224 12,909
Asset retirement obligation 3,390 3,113
Derivative liability 4,541 1,617
Other accrued liabilities 9,810 8,924
Total current liabilities 101,390 97,537
Bank debt 75,000 75,000
10% Senior Notes 350,000 350,000
Asset retirement obligation 45,780 45,423
Other long-term liability 180 135
Commitments and contingencies      
Stockholders’ equity:    
Preferred stock, $.001 par value; authorized 5,000 shares; issued and outstanding 1,495 shares 1 1
Common stock, $.001 par value; authorized 150,000 shares; issued and outstanding 64,035 and 63,664 shares, respectively 64 64
Paid-in capital 282,965 280,711
Accumulated other comprehensive loss (4,514) (1,096)
Accumulated deficit (170,542) (180,585)
Total stockholders’ equity 107,974 99,095
Total liabilities and stockholders’ equity $ 680,324 $ 667,190