v2.4.0.8
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2013
Dec. 31, 2012
CURRENT ASSETS:    
Cash and cash equivalents $ 25,489 $ 767
Accounts receivable:    
Joint interest owners 210 215
Oil, NGL and gas sales 15,210 12,575
Unrealized gain on commodity derivatives 1,387 1,552
Prepaid expenses and other current assets 357 547
Deferred income taxes - current 163  
Total current assets 42,816 15,656
PROPERTIES AND EQUIPMENT:    
Oil and gas properties, at cost, using the successful efforts method of accounting 1,245,360 1,025,440
Furniture, fixtures and equipment 2,502 2,108
Total properties and equipment 1,247,862 1,027,548
Less accumulated depletion, depreciation and amortization (253,788) (199,081)
Net properties and equipment 994,074 828,467
Equity method investment 18,331 9,892
Unrealized gain on commodity derivatives 326 881
Other assets 8,217 843
Total assets 1,063,764 855,739
CURRENT LIABILITIES:    
Accounts payable 40,692 24,916
Oil, NGL and gas sales payable 5,451 4,960
Deferred income taxes - current   531
Accrued liabilities 57,043 29,840
Unrealized loss on commodity derivatives 2,242  
Total current liabilities 105,428 60,247
NON-CURRENT LIABILITIES:    
Senior secured credit facility   106,000
Senior notes 250,000  
Unrealized loss on commodity derivatives 285  
Deferred income taxes 53,586 48,593
Asset retirement obligations 8,091 7,431
Total liabilities 417,390 222,271
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 39,022,623 and 38,829,368 issued and outstanding, respectively 390 388
Additional paid-in capital 565,437 560,468
Retained earnings 80,547 72,612
Total stockholders' equity 646,374 633,468
Total liabilities and stockholders' equity $ 1,063,764 $ 855,739