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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2011
Dec. 31, 2010
CURRENT ASSETS    
Cash and cash equivalents $ 36,024 $ 8,720
Accounts receivable:    
Oil and gas sales 34,399 35,361
Joint interest and other, net 10,155 9,893
Affiliates 728 796
Inventory 37,309 39,218
Deferred income taxes 3,439 5,074
Fair value of derivatives 42,642  
Assets held for sale   8,762
Prepaids and other 16,970 5,997
TOTAL CURRENT ASSETS 181,666 113,821
PROPERTY AND EQUIPMENT    
Oil and gas properties, successful efforts method 2,001,354 1,707,252
Natural gas gathering and processing systems 23,619 18,153
Contract drilling equipment 71,851 58,486
Other 18,574 17,425
PROPERTY AND EQUIPMENT, GROSS 2,115,398 1,801,316
Less accumulated depreciation, depletion and amortization (1,126,137) (1,034,227)
Property and equipment, net 989,261 767,089
OTHER ASSETS    
Debt issue costs, net 11,683 8,323
Fair value of derivatives 28,754  
Other 3,958 1,684
TOTAL OTHER ASSETS 44,395 10,007
TOTAL ASSETS 1,215,322 890,917
Accounts payable:    
Trade 89,551 74,123
Oil and gas sales 35,612 28,920
Affiliates 2,048 1,251
Fair value of derivatives   7,224
Accrued liabilities and other 35,125 22,202
TOTAL CURRENT LIABILITIES 162,336 133,720
NON-CURRENT LIABILITIES    
Long-term debt 514,523 385,000
Deferred income taxes 137,374 78,035
Fair value of derivatives   3,409
Other 42,108 41,301
TOTAL NON-CURRENT LIABILITIES 694,005 507,745
COMMITMENTS AND CONTINGENCIES      
STOCKHOLDERS' EQUITY    
Preferred stock, par value $.10 per share, authorized - 3,000,000 shares; none issued      
Common stock, par value $.10 per share, authorized - 30,000,000 shares; issued and outstanding - 12,162,536 shares in 2011 and 12,154,536 shares in 2010 1,216 1,215
Additional paid-in capital 152,502 152,290
Retained earnings 205,263 95,947
TOTAL STOCKHOLDERS' EQUITY 358,981 249,452
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 1,215,322 $ 890,917