| CURRENT ASSETS: |
| Cash and cash equivalents |
15.54M |
| Accounts receivable – interest owners |
| Accounts receivable – oil and natural gas revenues, net |
4.63M |
| Derivative instruments |
918K |
| Inventories |
326K |
| Prepaid expenses and deposits |
1.06M |
| Assets held for sale |
410K |
| Total current assets |
30.01M |
| OIL AND NATURAL GAS PROPERTIES, BASED ON THE FULL COST METHOD |
| Properties being amortized |
1.14B |
| Properties not subject to amortization |
158.57M |
| Less accumulated depreciation, depletion, and impairment |
-1.05B |
| Oil and Gas Property, Full Cost Method, Net |
241.81M |
| PROPERTY AND EQUIPMENT, AT COST, NET |
61.84M |
| DERIVATIVE INSTRUMENTS |
828K |
| OTHER ASSETS |
8.66M |
| TOTAL ASSETS |
343.15M |
| CURRENT LIABILITIES: |
| Accounts payable |
10.27M |
| Accrued expenses |
21.51M |
| Accrued interest |
13.87M |
| Revenue distributions payable |
4.25M |
| Current maturities of long-term debt |
26.88M |
| Total current liabilities |
78.17M |
| LONG-TERM DEBT, LESS CURRENT MATURITIES |
380.53M |
| DEFERRED PREMIUMS ON DERIVATIVE INSTRUMENTS |
402K |
| OTHER LIABILITIES |
8.54M |
| Preferred stock, par value $.001 per share, 10,000,000 shares authorized: |
| Common stock, par value $.001 per share – 100,000,000 shares authorized, 59,390,455 shares issued and outstanding as of June 30, 2011 and 31,283,353 shares issued and outstanding as of December 31, 2010 |
82K |
| Additional paid-in capital |
716.28M |
| Accumulated deficit |
-856.03M |
| Accumulated other comprehensive income, net of taxes |
5.14M |
| Total GMX Resources’ equity |
-134.52M |
| Noncontrolling interest |
10.03M |
| Total equity |
-124.5M |
| TOTAL LIABILITIES AND EQUITY |
343.15M |
| Junior Participating Preferred Class A [Member] |
| Preferred stock, par value $.001 per share, 10,000,000 shares authorized: |
| Preferred stock, par value $.0001 per share |
0 |
| Series B Cumulative Preferred Stock [Member] |
| Preferred stock, par value $.001 per share, 10,000,000 shares authorized: |
| Preferred stock, par value $.0001 per share |
3K |
