v2.4.0.8
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2013
Dec. 31, 2012
CURRENT ASSETS:    
Cash and cash equivalents $ 55,278 $ 767
Accounts receivable:    
Joint interest owners 591 215
Oil, NGL and gas sales 13,684 12,575
Unrealized gain on commodity derivatives 1,267 1,552
Prepaid expenses and other current assets 678 547
Total current assets 71,498 15,656
PROPERTIES AND EQUIPMENT:    
Oil and gas properties, at cost, using the successful efforts method of accounting 1,144,515 1,025,440
Furniture, fixtures and equipment 2,425 2,108
Total properties and equipment 1,146,940 1,027,548
Less accumulated depletion, depreciation and amortization (234,461) (199,081)
Net properties and equipment 912,479 828,467
Equity method investment 15,992 9,892
Unrealized gain on commodity derivatives 1,357 881
Other assets 8,607 843
Total assets 1,009,933 855,739
CURRENT LIABILITIES:    
Accounts payable 21,390 24,916
Oil, NGL and gas sales payable 5,397 4,960
Deferred income taxes - current 432 531
Accrued liabilities 27,829 29,840
Total current liabilities 55,048 60,247
NON-CURRENT LIABILITIES:    
Senior secured credit facility   106,000
Senior Notes 250,000  
Deferred income taxes 52,722 48,593
Asset retirement obligations 7,896 7,431
Total liabilities 365,666 222,271
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 38,993,702 and 38,829,368 issued and outstanding, respectively 390 388
Additional paid-in capital 563,825 560,468
Retained earnings 80,052 72,612
Total stockholders' equity 644,267 633,468
Total liabilities and stockholders' equity $ 1,009,933 $ 855,739