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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Operating Revenues      
Oil and gas sales $ 121,797 $ 103,371 $ 88,275
Operating Expenses      
Lease operating expenses 33,072 30,637 28,845
Depreciation, depletion and amortization 47,172 30,517 21,993
General and administrative 19,844 14,819 15,358
Total operating expenses 100,088 75,973 66,196
Income from operations 21,709 27,398 22,079
Other income (expense)      
Interest and other income 90 77 247
Interest expense (3,311) (3,188) (3,500)
Gain (loss) on derivative financial instruments (2,975) (2,726) 1,528
Net other expense (6,196) (5,837) (1,725)
Income before provision for income taxes 15,513 21,561 20,354
Deferred income tax benefit (7) (78) (29)
Net income 15,520 21,639 20,383
Less dividends and accretion on preferred shares 10 10 18
Net income applicable to common stockholders $ 15,510 $ 21,629 $ 20,365
Income per common share-Basic (in dollars per share) $ 0.22 $ 0.31 $ 0.29
Income per common share-Diluted (in dollars per share) $ 0.22 $ 0.30 $ 0.29
Weighted average common shares outstanding-Basic (in shares) 71,376,046 70,830,855 70,382,517
Weighted average common shares outstanding-Diluted (in shares) 72,096,672 72,047,488 71,429,110