XML 48 R45.htm IDEA: XBRL DOCUMENT v2.4.0.6
INCOME TAXES (Details) (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
INCOME TAXES      
Income taxes at federal statutory rate(a) $ 5,274 $ 7,331 $ 6,920
Change in valuation allowance (6,537) (9,675) (8,267)
Nondeductible expenses 694 574 91
State income taxes net of federal benefit 931 1,294 1,221
Other (369) 398 6
Total (7) (78) (29)
Federal income tax rate (as a percent) 34.00% 34.00% 34.00%
Deferred tax assets relating to:      
Net operating loss carryforward 101,393 99,183  
Oil and gas properties and tangible equipment 25,111 34,655  
Stock option expense 3,682 2,956  
Unrealized loss on derivatives 558 480  
Other 324 324  
Total gross deferred tax assets 131,068 137,598  
Less valuation allowance 130,879 137,416  
Total deferred tax asset 189 182  
Deferred tax liabilities relating to:      
Net unrealized gain on investments 189 182  
Total deferred tax liability $ 189 $ 182