2012 Form 10-K Financial Statement

#000104746913001872 Filed on February 28, 2013

View on sec.gov

Income Statement

Concept 2012 2011 Q4 2011
Revenue $247.9M $25.60M $103.7M
YoY Change 139.12% 0.79% -6.7%
Cost Of Revenue $54.30M $10.90M $32.00M
YoY Change 69.69% 6.86% 0.95%
Gross Profit $194.0M $14.70M $71.70M
YoY Change 170.57% -3.29% -9.7%
Gross Profit Margin 78.24% 57.42% 69.15%
Selling, General & Admin $130.6M $7.500M $27.80M
YoY Change 369.78% 53.06% 6.51%
% of Gross Profit 67.32% 51.02% 38.77%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $90.30M $6.100M $23.00M
YoY Change 292.61% -27.38% -20.14%
% of Gross Profit 46.55% 41.5% 32.08%
Operating Expenses $221.3M $13.50M $50.80M
YoY Change 335.63% 12.5% -7.47%
Operating Profit -$29.72M $1.200M $19.80M
YoY Change -250.09% -62.5% -19.27%
Interest Expense -$37.30M -$16.70M -$14.40M
YoY Change 159.03% 203.64% -31.75%
% of Operating Profit -1391.67% -72.73%
Other Income/Expense, Net -$37.35M -$14.40M
YoY Change 159.37% -31.8%
Pretax Income -$67.07M -$16.70M $5.399M
YoY Change -1342.19% 595.83% 58.24%
Income Tax -$13.18M -$4.500M $6.802M
% Of Pretax Income 125.99%
Net Earnings -$53.89M -$12.20M -$1.403M
YoY Change 3740.7% 183.72% -158.05%
Net Earnings / Revenue -21.73% -47.66% -1.35%
Basic Earnings Per Share -$0.91 -$0.05
Diluted Earnings Per Share -$0.91 -$60.99 -$0.05
COMMON SHARES
Basic Shares Outstanding 156.5M shares 26.26M shares
Diluted Shares Outstanding 156.5M shares 26.26M shares

Balance Sheet

Concept 2012 2011 Q4 2011
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.500M $0.00 $0.00
YoY Change
Cash & Equivalents $49.00K
Short-Term Investments
Other Short-Term Assets $16.40M $1.793M $5.600M
YoY Change 192.86% -72.83% -15.15%
Inventory $3.100M $4.310M $4.300M
Prepaid Expenses $936.0K
Receivables $144.3M $10.29M $9.500M
Other Receivables $121.5M $172.0K $800.0K
Total Short-Term Assets $287.9M $20.31M $20.30M
YoY Change 1318.23% -0.95% -0.98%
LONG-TERM ASSETS
Property, Plant & Equipment $4.459B $2.846M $216.5M
YoY Change 1959.72% -98.64% 3.14%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $400.0K $2.100M $2.100M
YoY Change -80.95%
Other Assets $65.80M $418.0K $28.30M
YoY Change 132.51% -98.79% -18.21%
Total Long-Term Assets $4.753B $246.9M $246.9M
YoY Change 1825.11% 0.97% 0.98%
TOTAL ASSETS
Total Short-Term Assets $287.9M $20.31M $20.30M
Total Long-Term Assets $4.753B $246.9M $246.9M
Total Assets $5.041B $267.2M $267.2M
YoY Change 1786.6% 0.82% 0.83%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $231.0M $21.20M $21.20M
YoY Change 989.62% -21.48% 20.45%
Accrued Expenses $350.7M $3.500M $3.500M
YoY Change 9920.0% -20.45% -74.64%
Deferred Revenue
YoY Change
Short-Term Debt $74.70M $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00
YoY Change
Total Short-Term Liabilities $678.0M $27.93M $27.90M
YoY Change 2330.11% -15.12% -15.2%
LONG-TERM LIABILITIES
Long-Term Debt $2.035B $202.0M $202.0M
YoY Change 907.18% 2.54% 2.54%
Other Long-Term Liabilities $75.30M $10.00K $35.60M
YoY Change 111.52% -99.97% 14.84%
Total Long-Term Liabilities $2.110B $202.0M $237.6M
YoY Change 787.96% -11.4% 4.21%
TOTAL LIABILITIES
Total Short-Term Liabilities $678.0M $27.93M $27.90M
Total Long-Term Liabilities $2.110B $202.0M $237.6M
Total Liabilities $2.948B $229.9M $265.5M
YoY Change 1010.28% -11.83% 1.8%
SHAREHOLDERS EQUITY
Retained Earnings -$220.6M
YoY Change
Common Stock $229.4M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $7.159M
YoY Change
Treasury Stock Shares 1.450M shares
Shareholders Equity $2.093B $1.680M $1.700M
YoY Change
Total Liabilities & Shareholders Equity $5.041B $267.2M $267.2M
YoY Change 1786.6% 0.82% 0.83%

Cashflow Statement

Concept 2012 2011 Q4 2011
OPERATING ACTIVITIES
Net Income -$53.89M -$12.20M -$1.403M
YoY Change 3740.7% 183.72% -158.05%
Depreciation, Depletion And Amortization $90.30M $6.100M $23.00M
YoY Change 292.61% -27.38% -20.14%
Cash From Operating Activities $84.36M $6.000M $29.84M
YoY Change 182.76% -30.23% -21.23%
INVESTING ACTIVITIES
Capital Expenditures $38.48M $5.800M $672.0K
YoY Change 5625.89% -6.45% -22.31%
Acquisitions
YoY Change
Other Investing Activities $965.0K $0.00 -$48.00K
YoY Change -2110.42% -100.0% -100.1%
Cash From Investing Activities -$2.832B -$5.800M -$25.38M
YoY Change 11061.99% -113.58% -269.51%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$566.9M $183.0K
YoY Change -309860.11% -76.75%
Debt Paid & Issued, Net $655.0M $245.6M
YoY Change 166.67% 149.39%
Cash From Financing Activities $2.751B -200.0K -$4.447M
YoY Change -61952.1% -99.61% -91.6%
NET CHANGE
Cash From Operating Activities $84.36M 6.000M $29.84M
Cash From Investing Activities -$2.832B -5.800M -$25.38M
Cash From Financing Activities $2.751B -200.0K -$4.447M
Net Change In Cash $2.457M 0.000000002707 $12.00K
YoY Change 20375.0% -100.0% -113.04%
FREE CASH FLOW
Cash From Operating Activities $84.36M $6.000M $29.84M
Capital Expenditures $38.48M $5.800M $672.0K
Free Cash Flow $45.88M $200.0K $29.16M
YoY Change 57.33% -91.67% -21.2%

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10288000 USD
CY2011Q4 us-gaap Derivative Assets Current
DerivativeAssetsCurrent
1850000 USD
CY2011Q4 us-gaap Inventory Net
InventoryNet
4310000 USD
CY2011Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
2729000 USD
CY2011Q4 us-gaap Assets Current
AssetsCurrent
20306000 USD
CY2011Q4 us-gaap Capitalized Costs Proved Properties
CapitalizedCostsProvedProperties
715666000 USD
CY2012Q4 us-gaap Capitalized Costs Of Unproved Properties Excluded From Amortization Cumulative
CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationCumulative
2326598000 USD
CY2011Q4 us-gaap Oil And Gas Property Full Cost Method Gross
OilAndGasPropertyFullCostMethodGross
715666000 USD
CY2011Q4 hk Oil And Gas Property Full Cost Method Accumulated Depletion And Impairment
OilAndGasPropertyFullCostMethodAccumulatedDepletionAndImpairment
501993000 USD
CY2012 hk Unrealized Loss On Share Warrants
UnrealizedLossOnShareWarrants
100000 USD
CY2010Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
31409000 USD
CY2011 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
514000 USD
CY2011 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
207000 USD
CY2012 hk Asset Retirement Obligation Liabilities Acquisitions
AssetRetirementObligationLiabilitiesAcquisitions
33855000 USD
CY2011 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
-1641000 USD
CY2011 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
970000 USD
CY2011Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
33713000 USD
CY2012Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
75132000 USD
CY2012 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
4213000 USD
CY2012 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
-2306000 USD
CY2012 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
3700000 USD
CY2011 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
1300000 USD
CY2010 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
1300000 USD
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
8074000 USD
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
6656000 USD
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
6423000 USD
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
6383000 USD
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
53825000 USD
CY2012Q4 us-gaap Contractual Obligation Due In Next Twelve Months
ContractualObligationDueInNextTwelveMonths
55257000 USD
CY2012Q4 us-gaap Contractual Obligation Due In Second Year
ContractualObligationDueInSecondYear
18743000 USD
CY2012Q4 us-gaap Contractual Obligation Due In Third Year
ContractualObligationDueInThirdYear
5391000 USD
CY2012Q4 us-gaap Contractual Obligation
ContractualObligation
79391000 USD
CY2012Q4 us-gaap Preferred Stock Value
PreferredStockValue
695238000 USD
CY2012Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2011Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2011Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
32703000 USD
CY2012 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
156494000 shares
CY2012 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.91
CY2012 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
156494000 shares
CY2012 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.91
CY2012 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
215800000 shares
CY2012Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
590551000 USD
CY2011Q4 us-gaap Accounts Payable Trade Current
AccountsPayableTradeCurrent
11498000 USD
CY2012Q4 us-gaap Accounts Payable Trade Current
AccountsPayableTradeCurrent
147679000 USD
CY2011Q4 hk Revenues And Royalties Payable Current
RevenuesAndRoyaltiesPayableCurrent
8564000 USD
CY2012Q4 hk Revenues And Royalties Payable Current
RevenuesAndRoyaltiesPayableCurrent
91761000 USD
CY2011Q4 us-gaap Interest Payable Current
InterestPayableCurrent
464000 USD
CY2012Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
262809000 USD
CY2011Q4 hk Oil And Natural Gas Revenues Receivable Current
OilAndNaturalGasRevenuesReceivableCurrent
9519000 USD
CY2012Q4 hk Oil And Natural Gas Revenues Receivable Current
OilAndNaturalGasRevenuesReceivableCurrent
143794000 USD
CY2011Q4 us-gaap Oil And Gas Joint Interest Billing Receivables Current
OilAndGasJointInterestBillingReceivablesCurrent
597000 USD
CY2012Q4 us-gaap Oil And Gas Joint Interest Billing Receivables Current
OilAndGasJointInterestBillingReceivablesCurrent
113671000 USD
CY2012Q4 hk Accounts Receivable Affiliated Partnerships Current
AccountsReceivableAffiliatedPartnershipsCurrent
475000 USD
CY2011Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
172000 USD
CY2012Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
4869000 USD
CY2012Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
3690000 USD
CY2011Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
936000 USD
CY2011Q4 us-gaap Other Assets Current
OtherAssetsCurrent
1793000 USD
CY2012Q4 us-gaap Other Assets Current
OtherAssetsCurrent
3001000 USD
CY2012Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
6691000 USD
CY2012Q4 us-gaap Interest Payable Current
InterestPayableCurrent
45201000 USD
CY2011Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
406000 USD
CY2012Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
130000 USD
CY2011Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
1600000 USD
CY2012Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
12321000 USD
CY2011Q4 hk Accrued Drilling Advances Current
AccruedDrillingAdvancesCurrent
26000 USD
CY2012Q4 hk Accrued Drilling Advances Current
AccruedDrillingAdvancesCurrent
8840000 USD
CY2012Q4 hk Accounts Payable Affiliated Partnerships Current
AccountsPayableAffiliatedPartnershipsCurrent
822000 USD
CY2011Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1111000 USD
CY2012Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1552000 USD
CY2012 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
111349000 USD
CY2012 us-gaap Results Of Operations Depreciation Depletion Amortization And Accretion
ResultsOfOperationsDepreciationDepletionAmortizationAndAccretion
90284000 USD
CY2012 hk Interest Expense And Other Nonoperating Income Expense
InterestExpenseAndOtherNonoperatingIncomeExpense
31223000 USD
CY2011 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
253000 USD
CY2010 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
418000 USD
CY2012 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
-121000 USD
CY2012 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-121000 USD
CY2011 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
253000 USD
CY2010 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
418000 USD
CY2012 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-12265000 USD
CY2011 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
6549000 USD
CY2010 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
577000 USD
CY2012 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-795000 USD
CY2012 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-13060000 USD
CY2012 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-13181000 USD
CY2012 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35 pure
CY2011 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
1836000 USD
CY2010 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
1160000 USD
CY2012 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-23485000 USD
CY2011 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
557000 USD
CY2010 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
124000 USD
CY2012 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-455000 USD
CY2011 us-gaap Income Tax Reconciliation Nondeductible Expense Meals And Entertainment
IncomeTaxReconciliationNondeductibleExpenseMealsAndEntertainment
19000 USD
CY2010 us-gaap Income Tax Reconciliation Nondeductible Expense Meals And Entertainment
IncomeTaxReconciliationNondeductibleExpenseMealsAndEntertainment
25000 USD
CY2012 us-gaap Income Tax Reconciliation Nondeductible Expense Meals And Entertainment
IncomeTaxReconciliationNondeductibleExpenseMealsAndEntertainment
29000 USD
CY2011 hk Effective Income Tax Rate Reconciliation Nondeductible Dues
EffectiveIncomeTaxRateReconciliationNondeductibleDues
124000 USD
CY2010 hk Effective Income Tax Rate Reconciliation Nondeductible Dues
EffectiveIncomeTaxRateReconciliationNondeductibleDues
69000 USD
CY2012 hk Effective Income Tax Rate Reconciliation Nondeductible Dues
EffectiveIncomeTaxRateReconciliationNondeductibleDues
28000 USD
CY2011 hk Income Tax Reconciliation Reduction In Deferred Tax Asset
IncomeTaxReconciliationReductionInDeferredTaxAsset
5957000 USD
CY2010 hk Income Tax Reconciliation Reduction In Deferred Tax Asset
IncomeTaxReconciliationReductionInDeferredTaxAsset
5731000 USD
CY2012 hk Income Tax Reconciliation Reduction In Deferred Tax Asset
IncomeTaxReconciliationReductionInDeferredTaxAsset
3218000 USD
CY2011 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-1883000 USD
CY2010 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-6572000 USD
CY2011 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
260000 USD
CY2010 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
393000 USD
CY2012 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
638000 USD
CY2011 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-68000 USD
CY2010 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
65000 USD
CY2012 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
27000 USD
CY2012Q4 us-gaap Deferred Tax Assets Hedging Transactions
DeferredTaxAssetsHedgingTransactions
3588000 USD
CY2011Q4 us-gaap Deferred Tax Assets Hedging Transactions
DeferredTaxAssetsHedgingTransactions
-1669000 USD
CY2012Q4 us-gaap Deferred Tax Assets Gross Current
DeferredTaxAssetsGrossCurrent
5307000 USD
CY2011Q4 us-gaap Deferred Tax Assets Gross Current
DeferredTaxAssetsGrossCurrent
1402000 USD
CY2012Q4 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
5307000 USD
CY2011Q4 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
1402000 USD
CY2012Q4 us-gaap Deferred Tax Assets Liabilities Net Current
DeferredTaxAssetsLiabilitiesNetCurrent
5307000 USD
CY2012Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
157316000 USD
CY2011Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
25050000 USD
CY2012Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
1063000 USD
CY2012Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Asset Retirement Obligations
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAssetRetirementObligations
28488000 USD
CY2012Q4 us-gaap Deferred Tax Assets Gross Noncurrent
DeferredTaxAssetsGrossNoncurrent
189166000 USD
CY2011Q4 us-gaap Deferred Tax Assets Gross Noncurrent
DeferredTaxAssetsGrossNoncurrent
23822000 USD
CY2012Q4 us-gaap Deferred Tax Assets Valuation Allowance Noncurrent
DeferredTaxAssetsValuationAllowanceNoncurrent
2285000 USD
CY2011Q4 us-gaap Deferred Tax Assets Valuation Allowance Noncurrent
DeferredTaxAssetsValuationAllowanceNoncurrent
2285000 USD
CY2012Q4 us-gaap Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
186881000 USD
CY2011Q4 us-gaap Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
21537000 USD
CY2012Q4 hk Deferred Tax Liabilities Unrealized Hedging Transactions Noncurrent
DeferredTaxLiabilitiesUnrealizedHedgingTransactionsNoncurrent
2620000 USD
CY2012Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
160055000 USD
CY2011 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
46516 shares
CY2012 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
199778 shares
CY2010 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
5.70
CY2011 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
3.93
CY2012 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
10.75
CY2012 us-gaap Use Of Estimates
UseOfEstimates
<div style='font-size:10.0pt;FONT-FAMILY: Times New Roman;'>The preparation of the Company's consolidated financial statements in conformity with accounting principles generally accepted in the United States requires the Company's management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities, if any, at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the respective reporting periods. Estimates and assumptions that, in the opinion of management of the Company, are significant include oil and natural gas revenue accruals, oil and natural gas reserves, capital accruals, amortization relating to oil and natural gas properties, asset retirement obligations, fair value estimates, beneficial conversion feature estimates and income taxes. The Company bases its estimates and judgments on historical experience and on various other assumptions and information that are believed to be reasonable under the circumstances. Estimates and assumptions about future events and their effects cannot be perceived with certainty and, accordingly, these estimates may change as new events occur, as more experience is acquired, as additional information is obtained and as the Company's operating environment changes. Actual results may differ from the estimates and assumptions used in the preparation of the Company's consolidated financial statements.</div>
CY2012 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
1800000 USD
CY2011 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
700000 USD
CY2010 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
700000 USD
CY2012Q1 hk Recapitalization Cost Charged To Expense
RecapitalizationCostChargedToExpense
4600000 USD
CY2012Q1 hk Recapitalization Professional Fees And Other
RecapitalizationProfessionalFeesAndOther
800000 USD
CY2012Q1 hk Recapitalization Closing Fees And Expense
RecapitalizationClosingFeesAndExpense
11200000 USD
CY2012Q1 hk Recapitalization Termination Fees Included In Closing Fees And Expense
RecapitalizationTerminationFeesIncludedInClosingFeesAndExpense
2500000 USD
CY2012 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style='font-size:10.0pt;FONT-FAMILY: Times New Roman;'> <p style="FONT-FAMILY: times"><font size="2">The Company operates a substantial portion of its oil and natural gas properties. As the operator of a property, the Company makes full payments for costs associated with the property and seeks reimbursement from the other working interest owners in the property for their share of those costs. The Company's joint interest partners consist primarily of independent oil and natural gas producers. If the oil and natural gas exploration and production industry in general was adversely affected, the ability of the Company's joint interest partners to reimburse the Company could be adversely affected.</font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The purchasers of the Company's oil and natural gas production consist primarily of independent marketers, major oil and natural gas companies and gas pipeline companies. Historically, the Company has not experienced any significant losses from uncollectible accounts. In 2012, two individual purchasers of the Company's production, Shell Trading US&#160;Co. (STUSCO) and Sunoco Partners Marketing&#160;&amp; Terminals,&#160;L.P. (Sunoco), each accounted for approximately 20% and 19%, respectively, of its total sales.</font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;In 2011, STUSCO accounted for $70.4&#160;million, or 68%, of the Company's oil and natural gas revenue for the year. No other purchaser accounted for 10% or more of its oil and natural gas revenue during 2011. In 2011, the Company was subject to a crude purchase contract with STUSCO covering all of its production in its Electra Field in Wichita and Wilbarger Counties, Texas. The contract term covered the period of January&#160;1, 2011 through December&#160;31, 2011. The Company was also subject to a crude purchase contract with STUSCO during 2011 covering all of its oil production in its Fitts and Allen Fields in Oklahoma. Effective December&#160;1, 2011, the Company cancelled the crude purchase contract with STUSCO and entered into a new crude oil purchase agreement with Sunoco for a term of December&#160;1, 2011 through May&#160;31, 2012.</font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;In 2010, STUSCO, accounted for $68.1&#160;million, or 61%, of the Company's oil and natural gas revenue for the year. No other purchaser accounted for 10% or more of its oil and natural gas revenue during 2010. The Company's agreement with STUSCO covered all of the Company's North Texas oil production. The Company was also subject to a crude purchase contract with STUSCO covering all of its oil production in the Fitts and Allen Fields in Oklahoma.</font></p></div>
CY2012Q4 us-gaap Capitalized Costs Proved Properties
CapitalizedCostsProvedProperties
2669245000 USD
CY2012Q4 hk Capitalized Costs Of Unproved Properties Exploration And Extension Wells In Progress
CapitalizedCostsOfUnprovedPropertiesExplorationAndExtensionWellsInProgress
67992000 USD
CY2012 hk Other Capitalized Costs Of Unproved Properties
OtherCapitalizedCostsOfUnprovedProperties
2258606000 USD
CY2012Q4 us-gaap Oil And Gas Property Full Cost Method Gross
OilAndGasPropertyFullCostMethodGross
4995843000 USD
CY2012Q4 hk Oil And Gas Property Full Cost Method Accumulated Depletion And Impairment
OilAndGasPropertyFullCostMethodAccumulatedDepletionAndImpairment
588207000 USD
CY2012 hk Internal Costs Capitalized
InternalCostsCapitalized
14600000 USD
CY2011 hk Internal Costs Capitalized
InternalCostsCapitalized
4300000 USD
CY2010 hk Internal Costs Capitalized
InternalCostsCapitalized
3100000 USD
CY2012 hk Oil And Gas Prices First Day Average Of Twelve Months Of West Texas Intermediate Spot Market Price For Ceiling Test
OilAndGasPricesFirstDayAverageOfTwelveMonthsOfWestTexasIntermediateSpotMarketPriceForCeilingTest
94.71
CY2012 hk Oil And Gas Prices First Day Average Of Twelve Months Of Henry Hub Price For Ceiling Test
OilAndGasPricesFirstDayAverageOfTwelveMonthsOfHenryHubPriceForCeilingTest
2.76
CY2011 hk Oil And Gas Prices First Day Average Of Twelve Months Of West Texas Intermediate Spot Market Price For Ceiling Test
OilAndGasPricesFirstDayAverageOfTwelveMonthsOfWestTexasIntermediateSpotMarketPriceForCeilingTest
96.19
CY2011 hk Oil And Gas Prices First Day Average Of Twelve Months Of Henry Hub Price For Ceiling Test
OilAndGasPricesFirstDayAverageOfTwelveMonthsOfHenryHubPriceForCeilingTest
4.12
CY2010 hk Oil And Gas Prices First Day Average Of Twelve Months Of West Texas Intermediate Spot Market Price For Ceiling Test
OilAndGasPricesFirstDayAverageOfTwelveMonthsOfWestTexasIntermediateSpotMarketPriceForCeilingTest
79.43
CY2010 hk Oil And Gas Prices First Day Average Of Twelve Months Of Henry Hub Price For Ceiling Test
OilAndGasPricesFirstDayAverageOfTwelveMonthsOfHenryHubPriceForCeilingTest
4.38
CY2012Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2034498000 USD
CY2012Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
75285000 USD
CY2012Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
587669000 USD
CY2012Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
1500000000 USD
CY2012Q4 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
51609000 USD
CY2012Q4 hk Deferred Tax Assets Current Other
DeferredTaxAssetsCurrentOther
1719000 USD
CY2011Q4 hk Deferred Tax Assets Current Other
DeferredTaxAssetsCurrentOther
3071000 USD
CY2011Q4 hk Deferred Tax Liabilities Current Other
DeferredTaxLiabilitiesCurrentOther
322000 USD
CY2012Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
339607000 USD
CY2012 hk Defined Contribution Plan Eligibility Minimum Age
DefinedContributionPlanEligibilityMinimumAge
P18Y
CY2012Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
2239335000 USD
CY2012 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
2627000 USD
CY2012Q4 us-gaap Cash
Cash
2506000 USD
CY2011Q4 us-gaap Cash
Cash
49000 USD
CY2012Q4 us-gaap Assets Current
AssetsCurrent
287857000 USD
CY2012Q1 hk Number Of Executive Officers Resigned Or Terminated
NumberOfExecutiveOfficersResignedOrTerminated
4 item
CY2012 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2012 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes
CY2011Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
-324000 USD
CY2012Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
2299000 USD
CY2011Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
182000 USD
CY2010 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
138018 shares
CY2011Q4 us-gaap Deferred Tax Liabilities Gross Current
DeferredTaxLiabilitiesGrossCurrent
322000 USD
CY2011Q4 us-gaap Deferred Tax Liabilities Gross Noncurrent
DeferredTaxLiabilitiesGrossNoncurrent
182000 USD
CY2012Q4 us-gaap Deferred Tax Liabilities Gross Noncurrent
DeferredTaxLiabilitiesGrossNoncurrent
346936000 USD
CY2012 hk Oil Sales Revenue
OilSalesRevenue
223048000 USD
CY2012 us-gaap Natural Gas Production Revenue
NaturalGasProductionRevenue
12458000 USD
CY2012 hk Natural Gas Liquid Revenue
NaturalGasLiquidRevenue
11088000 USD
CY2012 us-gaap Other Operating Income
OtherOperatingIncome
1351000 USD
CY2012 us-gaap Lease Operating Expense
LeaseOperatingExpense
49941000 USD
CY2012 hk Work Over Expense
WorkOverExpense
4429000 USD
CY2012 us-gaap Production Tax Expense
ProductionTaxExpense
19253000 USD
CY2012 us-gaap Restructuring Charges
RestructuringCharges
2406000 USD
CY2012Q4 us-gaap Derivative Assets Current
DerivativeAssetsCurrent
7428000 USD
CY2012Q4 us-gaap Inventory Net
InventoryNet
3116000 USD
CY2012Q4 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
59748000 USD
CY2012Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
8119000 USD
CY2012Q4 hk Funds In Escrow
FundsInEscrow
2090000 USD
CY2012Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
934000 USD
CY2012Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
10429000 USD
CY2012Q4 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
2319000 USD
CY2012Q4 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
2461000 USD
CY2012Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
10000 USD
CY2012 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
89000 USD
CY2012Q4 us-gaap Common Stock Value
CommonStockValue
26000 USD
CY2012Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
1681717000 USD
CY2012Q4 us-gaap Treasury Stock Value
TreasuryStockValue
9298000 USD
CY2012Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-274463000 USD
CY2012Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
5041025000 USD
CY2012 us-gaap Share Based Compensation
ShareBasedCompensation
4573000 USD
CY2012 hk Unrealized Gain Loss On Derivatives Net Of Premium Amortization
UnrealizedGainLossOnDerivativesNetOfPremiumAmortization
-11727000 USD
CY2012 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
6212000 USD
CY2012 hk Paid In Kind Interest And Amortization Of Discount
PaidInKindInterestAndAmortizationOfDiscount
9387000 USD
CY2012 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
352000 USD
CY2012 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
93120000 USD
CY2012 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-1194000 USD
CY2012 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
749000 USD
CY2012 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
155963000 USD
CY2012 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
38752000 USD
CY2012 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
564000 USD
CY2012 us-gaap Proceeds From Sale Of Oil And Gas Property And Equipment
ProceedsFromSaleOfOilAndGasPropertyAndEquipment
21964000 USD
CY2011 us-gaap Proceeds From Sale Of Oil And Gas Property And Equipment
ProceedsFromSaleOfOilAndGasPropertyAndEquipment
462000 USD
CY2010 us-gaap Proceeds From Sale Of Oil And Gas Property And Equipment
ProceedsFromSaleOfOilAndGasPropertyAndEquipment
49366000 USD
CY2012 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
2466608000 USD
CY2012 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
655000000 USD
CY2012 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
52878000 USD
CY2012 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
18619000 USD
CY2012 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
2139000 USD
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
6587000 USD
CY2012 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
6844000 USD
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
19702000 USD
CY2012Q4 us-gaap Other Commitment Due In Next Twelve Months
OtherCommitmentDueInNextTwelveMonths
17809000 USD
CY2012Q4 us-gaap Other Commitment
OtherCommitment
17809000 USD
CY2011Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
-904000 USD
CY2012 us-gaap Interest Paid
InterestPaid
11705000 USD
CY2012 us-gaap Settlement Of Asset Retirement Obligations Through Noncash Payments Amount
SettlementOfAssetRetirementObligationsThroughNoncashPaymentsAmount
8587000 USD
CY2012 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 item
CY2013Q1 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
0.10 pure
CY2011Q4 hk Accrued Cost Of Oil And Gas Costs
AccruedCostOfOilAndGasCosts
1392000 USD
CY2012 hk Dividends Preferred Stock Non Cash Investing And Financing Activities Impact
DividendsPreferredStockNonCashInvestingAndFinancingActivitiesImpact
88445000 USD
CY2012 us-gaap Paid In Kind Interest
PaidInKindInterest
14669000 USD
CY2012 us-gaap Notes Issued1
NotesIssued1
74669000 USD
CY2010 us-gaap Interest Paid
InterestPaid
380000 USD
CY2010 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
17988000 USD
CY2011 us-gaap Interest Paid
InterestPaid
554000 USD
CY2011 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
15326000 USD
CY2010 us-gaap Settlement Of Asset Retirement Obligations Through Noncash Payments Amount
SettlementOfAssetRetirementObligationsThroughNoncashPaymentsAmount
3006000 USD
CY2011 us-gaap Settlement Of Asset Retirement Obligations Through Noncash Payments Amount
SettlementOfAssetRetirementObligationsThroughNoncashPaymentsAmount
956000 USD
CY2011 us-gaap Gain Loss On Oil And Gas Hedging Activity
GainLossOnOilAndGasHedgingActivity
3479000 USD
CY2010 us-gaap Gain Loss On Oil And Gas Hedging Activity
GainLossOnOilAndGasHedgingActivity
1193000 USD
CY2012 us-gaap Gain Loss On Oil And Gas Hedging Activity
GainLossOnOilAndGasHedgingActivity
-6126000 USD
CY2012Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
2162954000 USD
CY2012Q4 us-gaap Derivative Assets Noncurrent
DerivativeAssetsNoncurrent
371000 USD
CY2011Q4 us-gaap Derivative Assets Noncurrent
DerivativeAssetsNoncurrent
2050000 USD
CY2011 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
927000 USD
CY2010 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-518000 USD
CY2012 hk Equity Method Investment General Partnership Interests Number Of Affiliated Partnerships
EquityMethodInvestmentGeneralPartnershipInterestsNumberOfAffiliatedPartnerships
2 item
CY2012 us-gaap Income Tax Reconciliation Nondeductible Expense Restructuring Charges
IncomeTaxReconciliationNondeductibleExpenseRestructuringCharges
3580000 USD
CY2012 hk Income Tax Reconciliation Debt Related Costs
IncomeTaxReconciliationDebtRelatedCosts
3239000 USD
CY2012Q4 us-gaap Deferred Tax Liabilities Investment In Noncontrolled Affiliates
DeferredTaxLiabilitiesInvestmentInNoncontrolledAffiliates
4156000 USD
CY2012Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
553000 USD
CY2011 us-gaap Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
25214000 USD
CY2010 us-gaap Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
33535000 USD
CY2012 us-gaap Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
1216835000 USD
CY2011Q4 us-gaap Deferred Tax Assets Liabilities Net Current
DeferredTaxAssetsLiabilitiesNetCurrent
1080000 USD
CY2011Q4 us-gaap Deferred Tax Assets Liabilities Net Noncurrent
DeferredTaxAssetsLiabilitiesNetNoncurrent
21355000 USD
CY2012Q4 hk Accrued Cost Of Oil And Gas Costs
AccruedCostOfOilAndGasCosts
282245000 USD
CY2011Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-220578000 USD
CY2011Q4 us-gaap Stockholders Equity
StockholdersEquity
1680000 USD
CY2012Q1 us-gaap Stockholders Equity Note Stock Split Conversion Ratio
StockholdersEquityNoteStockSplitConversionRatio
0.333 pure
CY2012Q4 us-gaap Deferred Tax Assets Liabilities Net Noncurrent
DeferredTaxAssetsLiabilitiesNetNoncurrent
-160055000 USD
CY2012Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
74669000 USD
CY2011Q4 us-gaap Assets
Assets
267174000 USD

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