CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Current Assets
Cash and cash equivalents	$ 26,764	$ 1,703
Accounts receivable-trade, net	9,880	20,025
Restricted investments in U.S. Treasury bonds-available for sale, at fair value (amortized cost of $1,138 in 2015 and $107 in 2014)	1,448	142
Derivative financial instruments	11,081	4,005
Other current assets	5,439	1,245
Total current assets	54,612	27,120
Other Assets
Oil and gas properties-at cost, based on full cost method of accounting, net of accumulated depreciation, depletion, amortization and impairment (includes unproved costs excluded from amortization of $14,658 and $204,626 as of December 31, 2015 and 2014)	162,685	753,496
Property and equipment-at cost, net	1,548	19,622
Restricted investments in U.S. Treasury bonds-available for sale, at fair value (amortized cost of $962 in 2014)		1,280
Deferred bond offering costs	12,510	13,942
Other assets	3,107	3,220
Total other assets	179,850	791,560
Total assets	234,462	818,680
Current Liabilities
Current maturities of other long term liabilities	153	381
Accounts payable and accrued expenses	42,971	57,389
First lien Credit Facility	234,665
Second lien Credit Facility	74,912
Senior Notes	165,367
Convertible debentures	1,636
Total current liabilities	519,704	57,770
Long-Term Liabilities
Senior Notes		296,053
Convertible debentures		1,472
Line of credit		134,749
Other long-term liabilities, less current portion	38,322	36,084
Total liabilities	$ 558,026	$ 526,128
Commitments and contingencies (Note F)
Stockholders' Equity (Deficit)
8% convertible preferred stock-$.0001 par value; authorized, 10,000,000 shares; issued and outstanding 10,703 shares in 2015 and 2014 (aggregate liquidation preference $128 in 2015 and 2014)	$ 128	$ 128
Common stock-$.0001 par value; authorized, 100,000,000 shares; issued, 85,203,466 shares in 2015 and 80,754,225 shares in 2014	9	8
Additional paid-in-capital	516,715	512,843
Accumulated deficit	(840,606)	(220,643)
Accumulated other comprehensive income, net of applicable income taxes of $124 in 2015 and $141 in 2014	190	216
Total Stockholders' Equity (Deficit)	(323,564)	292,552
Total liabilities and stockholders' equity (deficit)	$ 234,462	$ 818,680