| ASSETS |
| Cash and cash equivalents |
3.24M |
| Accounts receivable, net |
| Oil and gas sales |
49.29M |
| Joint interest billing |
| Related party |
| Other |
| Advances to operators |
| Fair value of derivative instruments |
20.15M |
| Prepaids and other current assets |
| Total current assets |
77.51M |
| PROPERTY AND EQUIPMENT, NET |
| Proved oil and gas properties, net |
| Costs not subject to amortization |
| Other property and equipment, net |
| TOTAL PROPERTY AND EQUIPMENT, NET |
1.33B |
| DEFERRED FINANCING COSTS, NET |
| INVESTMENTS |
| FAIR VALUE OF DERIVATIVE INSTRUMENTS |
0 |
| DEFERRED INCOME TAXES |
0 |
| INVENTORY |
| OTHER ASSETS |
8.3M |
| TOTAL ASSETS |
1.42B |
| LIABILITIES AND SHAREHOLDERS' EQUITY |
| Accounts payable, trade |
| Revenue and royalties payable |
43.84M |
| Current state tax payable |
| Accrued drilling costs |
68.58M |
| Accrued interest |
20.96M |
| Other accrued liabilities |
| Advances for joint operations |
| Current maturities of long-term debt |
| Deferred income taxes |
0 |
| Other current liabilities |
39.08M |
| Total current liabilities |
229.76M |
| LONG-TERM DEBT, NET OF CURRENT MATURITIES AND DEBT DISCOUNT |
1.33B |
| ASSET RETIREMENT OBLIGATIONS |
17.53M |
| FAIR VALUE OF DERIVATIVE INSTRUMENTS |
29.35M |
| OTHER LIABILITIES |
15.42M |
| COMMITMENTS AND CONTINGENCIES |
0 |
| SHAREHOLDERS' EQUITY |
| Common stock, $0.01 par value (90,000 shares authorized, 39,280 and 38,906 shares issued and outstanding at June 30, 2011 and December 31, 2010, respectively) |
591K |
| Additional paid-in capital |
1.44B |
| Accumulated deficit |
-1.64B |
| Total shareholders' equity |
-205.36M |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY |
1.42B |
