XML 23 R30.htm IDEA: XBRL DOCUMENT v2.4.0.8
Long-Term Debt (Details) (USD $)
3 Months Ended 3 Months Ended 3 Months Ended 0 Months Ended
Mar. 31, 2014
Rate
Jul. 03, 2013
Jul. 02, 2012
Mar. 31, 2014
Maximum [Member]
Rate
Mar. 31, 2014
Minimum [Member]
Rate
Mar. 31, 2014
Letters of credit [Member]
Mar. 31, 2014
Federal Funds Effective Rate [Member]
Rate
Mar. 31, 2014
Adjusted LIBOR rate [Member]
Maximum [Member]
Rate
Mar. 31, 2014
Adjusted LIBOR rate [Member]
Minimum [Member]
Rate
Mar. 31, 2014
10% Senior Notes [Member]
Senior Notes [Member]
Dec. 31, 2013
10% Senior Notes [Member]
Senior Notes [Member]
Jul. 03, 2013
10% Senior Notes [Member]
Senior Notes [Member]
Aug. 19, 2010
10% Senior Notes [Member]
Senior Notes [Member]
Jul. 03, 2013
Gulf of Mexico Acquisition [Member]
10% Senior Notes [Member]
Debt Instrument [Line Items]                            
Principal amount   $ 200,000,000               $ 350,000,000 $ 350,000,000 $ 200,000,000 $ 150,000,000  
Interest rate of Senior Notes                   10.00% 10.00% 10.00% 10.00%  
Purchase price                           188,800,000
Adjusted LIBO rate is equal to the rate at which dollar deposits 2,900,000                          
Revolving Credit facility 300,000,000         25,000,000                
Borrowings outstanding under the Credit Agreement 75,000,000                          
Current borrowing base     200,000,000                      
Aggregate commitments of the lenders 150,000,000                          
At least secured percentage value of oil and gas properties 80.00%                          
Adjusted LIBO rate 1.00%     1.50% 0.50%   0.50% 2.50% 1.50%          
Accrued in connection with the interest payment 5,000,000                          
Commitment fees on a sliding scale       0.50% 0.375%                  
Maximum ratio of total debt to EBITDAX       3.5 1,000.0                  
Repurchase Company's common stock       $ 10,000,000                    
Borrower's Liquidity         20.00%                  
Agreement bear interest at the alternate base rate Agreement bear interest at the alternate base rate (“ABR”) plus a margin (based on a sliding scale of 0.5% to 1.5% depending on total commitments) or the adjusted LIBO rate (“Eurodollar”) plus a margin (based on a sliding scale of 1.5% to 2.5% depending on total commitments). The alternate base rate is equal to the highest of (i) the JPMorgan Chase prime rate, (ii) the Federal Funds Effective Rate plus 0.5% or (iii) the adjusted LIBO rate plus 1%.