v2.4.0.6
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2013
Dec. 31, 2012
CURRENT ASSETS:    
Cash and cash equivalents $ 594 $ 767
Accounts receivable:    
Joint interest owners 229 215
Oil, NGL and gas sales 10,012 12,575
Unrealized gain on commodity derivatives   1,552
Prepaid expenses and other current assets 986 547
Deferred income taxes - current 791  
Total current assets 12,612 15,656
PROPERTIES AND EQUIPMENT:    
Oil and gas properties, at cost, using the successful efforts method of accounting 1,094,709 1,025,440
Furniture, fixtures and equipment 2,359 2,108
Total properties and equipment 1,097,068 1,027,548
Less accumulated depletion, depreciation and amortization (216,060) (199,081)
Net properties and equipment 881,008 828,467
Equity method investment 16,056 9,892
Unrealized gain on commodity derivatives 630 881
Other assets 776 843
Total assets 911,082 855,739
CURRENT LIABILITIES:    
Accounts payable 31,039 24,916
Oil, NGL and gas sales payable 4,837 4,960
Deferred income taxes - current   531
Accrued liabilities 28,140 29,840
Unrealized loss on commodity derivatives 2,273  
Total current liabilities 66,289 60,247
NON-CURRENT LIABILITIES:    
Long-term debt 152,250 106,000
Unrealized loss on commodity derivatives 23  
Deferred income taxes 49,727 48,593
Asset retirement obligations 7,582 7,431
Total liabilities 275,871 222,271
COMMITMENTS AND CONTINGENCIES      
STOCKHOLDERS' EQUITY :    
Preferred stock, $0.01 par value, 10,000,000 shares authorized none outstanding      
Common stock, $0.01 par value, 90,000,000 shares authorized, 39,022,510 and 38,829,368 issued and outstanding, respectively 390 388
Additional paid-in capital 562,556 560,468
Retained earnings 72,265 72,612
Total stockholders' equity 635,211 633,468
Total liabilities and stockholders' equity $ 911,082 $ 855,739