2012 Q2 Form 10-K Financial Statement

#000104746913009060 Filed on September 13, 2013

View on sec.gov

Income Statement

Concept 2012 Q2 2012 Q1 2011 Q4
Revenue $4.582M $4.849M $4.647M
YoY Change 44.54% 140.37% 293.98%
Cost Of Revenue $450.0K $680.0K $430.0K
YoY Change 21.62% 119.35% 34.38%
Gross Profit $4.130M $4.170M $4.220M
YoY Change 48.03% 143.86% 390.7%
Gross Profit Margin 90.14% 86.01% 90.82%
Selling, General & Admin $1.340M $1.210M $1.130M
YoY Change 38.14% 24.74% 24.18%
% of Gross Profit 32.45% 29.02% 26.78%
Research & Development $350.0K $350.0K $350.0K
YoY Change -10.26% -10.26% -12.5%
% of Gross Profit 8.47% 8.39% 8.29%
Depreciation & Amortization $310.0K $316.7K $280.8K
YoY Change 55.0% 138.96% 174.14%
% of Gross Profit 7.51% 7.59% 6.65%
Operating Expenses $2.010M $2.575M $2.220M
YoY Change 27.22% 41.58% 27.08%
Operating Profit $2.120M $2.273M $2.427M
YoY Change 75.22% 1046.59% -527.68%
Interest Expense $10.00K $5.577K $10.00K
YoY Change
% of Operating Profit 0.47% 0.25% 0.41%
Other Income/Expense, Net -$20.00K $628.00 $6.712K
YoY Change
Pretax Income $2.110M $2.274M $2.434M
YoY Change 74.38% 1037.94% -531.68%
Income Tax $1.010M $806.0K $1.008M
% Of Pretax Income 47.87% 35.44% 41.43%
Net Earnings $1.100M $1.468M $1.425M
YoY Change 107.55% 761.43% -408.83%
Net Earnings / Revenue 24.01% 30.28% 30.67%
Basic Earnings Per Share $0.03 $0.05 $0.05
Diluted Earnings Per Share $0.03 $0.04 $0.04
COMMON SHARES
Basic Shares Outstanding 27.82M shares 27.82M shares 27.79M shares
Diluted Shares Outstanding 31.79M shares 31.52M shares

Balance Sheet

Concept 2012 Q2 2012 Q1 2011 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $14.68M $15.47M $13.90M
YoY Change 226.22% 383.44% 420.6%
Cash & Equivalents $14.43M $15.22M $13.65M
Short-Term Investments $250.0K $250.0K $250.0K
Other Short-Term Assets $560.0K $210.0K $240.0K
YoY Change 194.74% -58.0% -91.01%
Inventory
Prepaid Expenses
Receivables $1.340M $2.080M $1.960M
Other Receivables $190.00 $311.00 $7.958K
Total Short-Term Assets $16.77M $17.81M $16.21M
YoY Change 163.77% 245.76% 117.88%
LONG-TERM ASSETS
Property, Plant & Equipment $40.57M $35.28M $35.01M
YoY Change 21.04% 6.17% 7.03%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $250.3K $260.8K $100.9K
YoY Change 223.9% 421.51% 101.89%
Total Long-Term Assets $42.19M $35.54M $35.11M
YoY Change 25.57% 6.79% 7.22%
TOTAL ASSETS
Total Short-Term Assets $16.77M $17.81M $16.21M
Total Long-Term Assets $42.19M $35.54M $35.11M
Total Assets $58.96M $53.35M $51.32M
YoY Change 47.57% 38.82% 27.7%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $407.6K $534.5K $967.8K
YoY Change -20.73% 4.81% -65.19%
Accrued Expenses $4.220M $680.0K $490.0K
YoY Change 434.18% -5.56% -47.87%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $5.089M $1.922M $2.302M
YoY Change 130.07% -8.03% -45.7%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $1.040M $1.020M $990.0K
YoY Change 9.47% 12.09% -18.18%
Total Long-Term Liabilities $1.040M $1.020M $990.0K
YoY Change 9.47% 12.09% -18.18%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.089M $1.922M $2.302M
Total Long-Term Liabilities $1.040M $1.020M $990.0K
Total Liabilities $12.33M $8.251M $7.882M
YoY Change 90.11% 40.08% -5.16%
SHAREHOLDERS EQUITY
Retained Earnings $18.06M $17.13M
YoY Change 33.21%
Common Stock $29.45M $28.85M $28.49M
YoY Change 41.64%
Preferred Stock
YoY Change
Treasury Stock (at cost) $882.0K $882.0K $882.0K
YoY Change 0.0%
Treasury Stock Shares 788.2K shares 788.2K shares 788.2K shares
Shareholders Equity $46.62M $45.10M $43.44M
YoY Change
Total Liabilities & Shareholders Equity $58.96M $53.35M $51.32M
YoY Change 47.57% 38.82% 27.7%

Cashflow Statement

Concept 2012 Q2 2012 Q1 2011 Q4
OPERATING ACTIVITIES
Net Income $1.100M $1.468M $1.425M
YoY Change 107.55% 761.43% -408.83%
Depreciation, Depletion And Amortization $310.0K $316.7K $280.8K
YoY Change 55.0% 138.96% 174.14%
Cash From Operating Activities $3.050M $3.030M $2.370M
YoY Change 100.66% 94.23% -1416.67%
INVESTING ACTIVITIES
Capital Expenditures -$1.090M -$1.220M -$1.350M
YoY Change 473.68% 916.67% 575.0%
Acquisitions
YoY Change
Other Investing Activities -$2.830M $100.0K $310.0K
YoY Change 1186.36% -110.1% -145.59%
Cash From Investing Activities -$3.920M -$1.120M -$1.050M
YoY Change 880.0% 0.0% 17.98%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 80.00K -330.0K 710.0K
YoY Change -52.94% -466.67%
NET CHANGE
Cash From Operating Activities 3.050M 3.030M 2.370M
Cash From Investing Activities -3.920M -1.120M -1.050M
Cash From Financing Activities 80.00K -330.0K 710.0K
Net Change In Cash -790.0K 1.580M 2.030M
YoY Change -161.24% 198.11% -289.72%
FREE CASH FLOW
Cash From Operating Activities $3.050M $3.030M $2.370M
Capital Expenditures -$1.090M -$1.220M -$1.350M
Free Cash Flow $4.140M $4.250M $3.720M
YoY Change 142.11% 152.98% 18500.0%

Facts In Submission

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<div style="font-size:10.0pt;font-family:Times New Roman;"> <font size="2"><b><i>Use of Estimates.</i></b></font><font size="2">&#160;&#160;&#160;&#160;The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America ("GAAP") requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities at the dates of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Significant estimates include reserve quantities and estimated future cash flows associated with proved reserves, which significantly impact depletion expense and potential impairments of oil and natural gas properties, income taxes and the valuation of deferred tax assets, stock-based compensation and commitments and contingencies. We analyze our estimates based on historical experience and various other assumptions that we believe to be reasonable. While we believe that our estimates and assumptions used in preparation of the consolidated financial statements are appropriate, actual results could differ from those estimates.</font> </div>
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AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
5486985 shares
CY2011 epm Antidilutive Securities Excluded From Computation Of Earnings Per Share Weighted Average Exercise Price
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareWeightedAverageExercisePrice
1.86
CY2011 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
5485185 shares
CY2013Q2 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
159011 USD
CY2013Q2 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
159011 USD
CY2013Q2 epm Operating Leases Future Minimum Payments Due After Four Years
OperatingLeasesFutureMinimumPaymentsDueAfterFourYears
13251 USD
CY2013Q2 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
490284 USD
CY2013 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
147233 USD
CY2012 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
147233 USD
CY2013 epm Contract Period Sale Of Gas Oil And Condensate Production Maximum
ContractPeriodSaleOfGasOilAndCondensateProductionMaximum
P12M
CY2013 epm Defined Contribution Plan Employer Match Level One
DefinedContributionPlanEmployerMatchLevelOne
1.00 pure
CY2013 epm Defined Contribution Plan Employer Match Employee Contribution Level One
DefinedContributionPlanEmployerMatchEmployeeContributionLevelOne
0.06 pure
CY2013 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
89810 USD
CY2012 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
84738 USD
CY2011 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
77168 USD
CY2013 us-gaap Costs Incurred Acquisition Of Oil And Gas Properties With Proved Reserves
CostsIncurredAcquisitionOfOilAndGasPropertiesWithProvedReserves
26449 USD
CY2012 us-gaap Costs Incurred Acquisition Of Oil And Gas Properties With Proved Reserves
CostsIncurredAcquisitionOfOilAndGasPropertiesWithProvedReserves
115637 USD
CY2011 us-gaap Costs Incurred Acquisition Of Oil And Gas Properties With Proved Reserves
CostsIncurredAcquisitionOfOilAndGasPropertiesWithProvedReserves
465176 USD
CY2013 us-gaap Costs Incurred Acquisition Of Unproved Oil And Gas Properties
CostsIncurredAcquisitionOfUnprovedOilAndGasProperties
195599 USD
CY2012 us-gaap Costs Incurred Acquisition Of Unproved Oil And Gas Properties
CostsIncurredAcquisitionOfUnprovedOilAndGasProperties
5544217 USD
CY2011 us-gaap Costs Incurred Acquisition Of Unproved Oil And Gas Properties
CostsIncurredAcquisitionOfUnprovedOilAndGasProperties
523591 USD
CY2013 us-gaap Costs Incurred Exploration Costs
CostsIncurredExplorationCosts
4356640 USD
CY2012 us-gaap Costs Incurred Exploration Costs
CostsIncurredExplorationCosts
3016924 USD
CY2011 us-gaap Costs Incurred Exploration Costs
CostsIncurredExplorationCosts
215660 USD
CY2013 us-gaap Costs Incurred Development Costs
CostsIncurredDevelopmentCosts
79035 USD
CY2012 us-gaap Costs Incurred Development Costs
CostsIncurredDevelopmentCosts
238463 USD
CY2011 us-gaap Costs Incurred Development Costs
CostsIncurredDevelopmentCosts
2200905 USD
CY2013 epm Costs Incurred Acquisition Of Oil And Gas Properties Including Exploration And Development Cost
CostsIncurredAcquisitionOfOilAndGasPropertiesIncludingExplorationAndDevelopmentCost
4657723 USD
CY2012 epm Costs Incurred Acquisition Of Oil And Gas Properties Including Exploration And Development Cost
CostsIncurredAcquisitionOfOilAndGasPropertiesIncludingExplorationAndDevelopmentCost
8915241 USD
CY2011 epm Costs Incurred Acquisition Of Oil And Gas Properties Including Exploration And Development Cost
CostsIncurredAcquisitionOfOilAndGasPropertiesIncludingExplorationAndDevelopmentCost
3405332 USD
CY2013Q2 us-gaap Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
307220699 USD
CY2012Q2 us-gaap Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
283597493 USD
CY2011Q2 us-gaap Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
228447954 USD
CY2013 us-gaap Net Increase Decrease In Sales And Transfer Prices And Production Costs
NetIncreaseDecreaseInSalesAndTransferPricesAndProductionCosts
-35184725 USD
CY2012 us-gaap Net Increase Decrease In Sales And Transfer Prices And Production Costs
NetIncreaseDecreaseInSalesAndTransferPricesAndProductionCosts
76942613 USD
CY2011 us-gaap Net Increase Decrease In Sales And Transfer Prices And Production Costs
NetIncreaseDecreaseInSalesAndTransferPricesAndProductionCosts
57178860 USD
CY2013 us-gaap Increase Decrease In Estimated Future Development Costs
IncreaseDecreaseInEstimatedFutureDevelopmentCosts
-566125 USD
CY2012 us-gaap Increase Decrease In Estimated Future Development Costs
IncreaseDecreaseInEstimatedFutureDevelopmentCosts
6340123 USD
CY2011 us-gaap Increase Decrease In Estimated Future Development Costs
IncreaseDecreaseInEstimatedFutureDevelopmentCosts
-16028728 USD
CY2013 us-gaap Sales And Transfers Of Oil And Gas Produced Net Of Production Costs
SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts
19569182 USD
CY2012 us-gaap Sales And Transfers Of Oil And Gas Produced Net Of Production Costs
SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts
16187039 USD
CY2011 us-gaap Sales And Transfers Of Oil And Gas Produced Net Of Production Costs
SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts
6151549 USD
CY2011 us-gaap Accretion Of Discount
AccretionOfDiscount
26597834 USD
CY2013 us-gaap Increase Decrease In Future Income Tax Expense Estimates On Future Cash Flows Related To Proved Oil And Gas Reserves
IncreaseDecreaseInFutureIncomeTaxExpenseEstimatesOnFutureCashFlowsRelatedToProvedOilAndGasReserves
10175957 USD
CY2012 us-gaap Increase Decrease In Future Income Tax Expense Estimates On Future Cash Flows Related To Proved Oil And Gas Reserves
IncreaseDecreaseInFutureIncomeTaxExpenseEstimatesOnFutureCashFlowsRelatedToProvedOilAndGasReserves
-15026628 USD
CY2012 us-gaap Standardized Measure Of Discounted Future Net Cash Flow Of Proved Oil And Gas Reserves Other
StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesOther
-6479626 USD
CY2011 us-gaap Standardized Measure Of Discounted Future Net Cash Flow Of Proved Oil And Gas Reserves Other
StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesOther
-3857339 USD
CY2012 us-gaap Extensions Discoveries Additions And Improved Recovery Less Related Costs
ExtensionsDiscoveriesAdditionsAndImprovedRecoveryLessRelatedCosts
1606122 USD
CY2011 us-gaap Extensions Discoveries Additions And Improved Recovery Less Related Costs
ExtensionsDiscoveriesAdditionsAndImprovedRecoveryLessRelatedCosts
623446 USD
CY2013 us-gaap Revisions Of Previous Quantity Estimates
RevisionsOfPreviousQuantityEstimates
64817544 USD
CY2012 us-gaap Revisions Of Previous Quantity Estimates
RevisionsOfPreviousQuantityEstimates
-11975496 USD
CY2011 us-gaap Revisions Of Previous Quantity Estimates
RevisionsOfPreviousQuantityEstimates
56766220 USD
CY2011 us-gaap Decrease Due To Sales Of Minerals In Place
DecreaseDueToSalesOfMineralsInPlace
8233734 USD
CY2013 us-gaap Previously Estimated Development Costs Incurred During Period
PreviouslyEstimatedDevelopmentCostsIncurredDuringPeriod
747656 USD
CY2012 us-gaap Previously Estimated Development Costs Incurred During Period
PreviouslyEstimatedDevelopmentCostsIncurredDuringPeriod
-2639398 USD
CY2011 us-gaap Previously Estimated Development Costs Incurred During Period
PreviouslyEstimatedDevelopmentCostsIncurredDuringPeriod
2416565 USD
CY2013 us-gaap Accretion Of Discount
AccretionOfDiscount
41678733 USD
CY2012 us-gaap Accretion Of Discount
AccretionOfDiscount
22568868 USD
CY2011 us-gaap Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves Standardized Measure
DiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesStandardizedMeasure
228447955 USD
CY2011 us-gaap Increase Decrease In Future Income Tax Expense Estimates On Future Cash Flows Related To Proved Oil And Gas Reserves
IncreaseDecreaseInFutureIncomeTaxExpenseEstimatesOnFutureCashFlowsRelatedToProvedOilAndGasReserves
-42490270 USD
CY2013 us-gaap Standardized Measure Of Discounted Future Net Cash Flow Of Proved Oil And Gas Reserves Other
StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesOther
-4357625 USD
CY2013 us-gaap Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves Future Cash Inflows
DiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesFutureCashInflows
1436980607 USD
CY2011 us-gaap Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves Future Income Tax Expense
DiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesFutureIncomeTaxExpense
278455798 USD
CY2013 us-gaap Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves Future Net Cash Flows
DiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesFutureNetCashFlows
590222027 USD
CY2012 us-gaap Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves Future Net Cash Flows
DiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesFutureNetCashFlows
561806688 USD
CY2011 us-gaap Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves Future Net Cash Flows
DiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesFutureNetCashFlows
462756975 USD
CY2013 us-gaap Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves10 Percent Annual Discount For Estimated Timing Of Cash Flows
DiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves10PercentAnnualDiscountForEstimatedTimingOfCashFlows
283001328 USD
CY2012 us-gaap Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves10 Percent Annual Discount For Estimated Timing Of Cash Flows
DiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves10PercentAnnualDiscountForEstimatedTimingOfCashFlows
278209195 USD
CY2011 us-gaap Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves10 Percent Annual Discount For Estimated Timing Of Cash Flows
DiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves10PercentAnnualDiscountForEstimatedTimingOfCashFlows
234309020 USD
CY2013 us-gaap Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves Standardized Measure
DiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesStandardizedMeasure
307220699 USD
CY2012 us-gaap Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves Standardized Measure
DiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesStandardizedMeasure
283597493 USD
CY2012 us-gaap Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves Future Cash Inflows
DiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesFutureCashInflows
1355686188 USD
CY2011 us-gaap Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves Future Cash Inflows
DiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesFutureCashInflows
1161278060 USD
CY2013 epm Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves Future Production Costs And Severance Taxes
DiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesFutureProductionCostsAndSeveranceTaxes
510902614 USD
CY2012 epm Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves Future Production Costs And Severance Taxes
DiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesFutureProductionCostsAndSeveranceTaxes
458716938 USD
CY2011 epm Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves Future Production Costs And Severance Taxes
DiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesFutureProductionCostsAndSeveranceTaxes
379493392 USD
CY2013 us-gaap Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves Future Development Costs
DiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesFutureDevelopmentCosts
60742406 USD
CY2012 us-gaap Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves Future Development Costs
DiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesFutureDevelopmentCosts
38458724 USD
CY2011 us-gaap Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves Future Development Costs
DiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesFutureDevelopmentCosts
40571895 USD
CY2013 us-gaap Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves Future Income Tax Expense
DiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesFutureIncomeTaxExpense
275113560 USD
CY2012 us-gaap Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves Future Income Tax Expense
DiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesFutureIncomeTaxExpense
296703838 USD
CY2013 epm Period Considered For Determining Unweighted Arithmetic Average Of First Day Of Month Commodity Prices
PeriodConsideredForDeterminingUnweightedArithmeticAverageOfFirstDayOfMonthCommodityPrices
P12M
CY2013 epm Period Considered For Unweighted Arithmetic Average For Determining Reserve Volumes And Values
PeriodConsideredForUnweightedArithmeticAverageForDeterminingReserveVolumesAndValues
P12M
CY2010Q2 us-gaap Proved Developed Reserves Boe
ProvedDevelopedReservesBOE
1119498
CY2011Q2 us-gaap Proved Developed Reserves Boe
ProvedDevelopedReservesBOE
5344471
CY2012Q2 us-gaap Proved Developed Reserves Boe
ProvedDevelopedReservesBOE
8032809
CY2013Q2 us-gaap Proved Developed Reserves Boe
ProvedDevelopedReservesBOE
10089861
CY2013 epm Proved Developed And Undeveloped Reserves Increase Decrease In Period
ProvedDevelopedAndUndevelopedReservesIncreaseDecreaseInPeriod
300000
CY2012 epm Proved Developed And Undeveloped Reserves Increase Decrease In Period
ProvedDevelopedAndUndevelopedReservesIncreaseDecreaseInPeriod
-400000
CY2011 epm Proved Developed And Undeveloped Reserves Increase Decrease In Period
ProvedDevelopedAndUndevelopedReservesIncreaseDecreaseInPeriod
1400000
CY2012Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
14428548 USD
CY2012Q2 us-gaap Certificates Of Deposit At Carrying Value
CertificatesOfDepositAtCarryingValue
250000 USD
CY2012Q2 epm Oil And Natural Gas Sales Receivables Current
OilAndNaturalGasSalesReceivablesCurrent
1343347 USD
CY2012Q2 us-gaap Oil And Gas Joint Interest Billing Receivables Current
OilAndGasJointInterestBillingReceivablesCurrent
96151 USD
CY2012Q2 epm Income Taxes Receivable Current
IncomeTaxesReceivableCurrent
92885 USD
CY2012Q2 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
190 USD
CY2012Q2 us-gaap Deferred Tax Assets Liabilities Net Current
DeferredTaxAssetsLiabilitiesNetCurrent
325235 USD
CY2012Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
233433 USD
CY2012Q2 us-gaap Assets Current
AssetsCurrent
16769789 USD
CY2012Q2 us-gaap Oil And Gas Property Full Cost Method Net
OilAndGasPropertyFullCostMethodNet
40476172 USD
CY2012Q2 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
92271 USD
CY2012Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
40568443 USD
CY2012Q2 us-gaap Advances To Affiliate
AdvancesToAffiliate
1366921 USD
CY2012Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
250333 USD
CY2012Q2 us-gaap Assets
Assets
58955486 USD
CY2012Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
407570 USD
CY2012Q2 us-gaap Due To Affiliate Current
DueToAffiliateCurrent
3217975 USD
CY2012Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
1005624 USD
CY2012Q2 us-gaap Accrued Royalties Current
AccruedRoyaltiesCurrent
294013 USD
CY2012Q2 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
91967 USD
CY2012Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
71768 USD
CY2012Q2 us-gaap Liabilities Current
LiabilitiesCurrent
5088917 USD
CY2012Q2 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
6205093 USD
CY2012Q2 us-gaap Deferred Rent Credit Noncurrent
DeferredRentCreditNoncurrent
70011 USD
CY2012Q2 us-gaap Liabilities
Liabilities
12332698 USD
CY2012Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2013Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2011 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-32080 USD
CY2012 epm Increase Decrease In Receivables From Oil And Natural Gas Sales
IncreaseDecreaseInReceivablesFromOilAndNaturalGasSales
-216057 USD
CY2011 epm Increase Decrease In Receivables From Oil And Natural Gas Sales
IncreaseDecreaseInReceivablesFromOilAndNaturalGasSales
1023038 USD
CY2012 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
64194 USD
CY2011 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-687228 USD
CY2012 epm Increase Decrease In Amount Due From Joint Interest Partner
IncreaseDecreaseInAmountDueFromJointInterestPartner
-139705 USD
CY2011 epm Increase Decrease In Amount Due From Joint Interest Partner
IncreaseDecreaseInAmountDueFromJointInterestPartner
87743 USD
CY2013Q2 us-gaap Liabilities Current
LiabilitiesCurrent
2632750 USD
CY2013Q2 us-gaap Assets
Assets
66556296 USD
CY2013Q2 us-gaap Assets Current
AssetsCurrent
27436076 USD
CY2012Q2 us-gaap Common Stock Value
CommonStockValue
28670 USD
CY2012Q2 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
29416914 USD
CY2012Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
18058909 USD
CY2012Q2 us-gaap Stockholders Equity Before Treasury Stock
StockholdersEquityBeforeTreasuryStock
47504810 USD
CY2012Q2 us-gaap Treasury Stock Value
TreasuryStockValue
882022 USD
CY2012Q2 us-gaap Stockholders Equity
StockholdersEquity
46622788 USD
CY2012Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
58955486 USD
CY2013Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2012Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2013Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2012Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2013Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2012Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2013Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2012Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2013Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
29410858 shares
CY2012Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
28670424 shares
CY2013Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
28608969 shares
CY2012Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
27882224 shares
CY2013Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
801889 shares
CY2012Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
788200 shares
CY2012 epm Revenue From Crude Oil
RevenueFromCrudeOil
16547415 USD
CY2011 epm Revenue From Crude Oil
RevenueFromCrudeOil
5672471 USD
CY2012 epm Revenue From Natural Gas Liquids
RevenueFromNaturalGasLiquids
620187 USD
CY2011 epm Revenue From Natural Gas Liquids
RevenueFromNaturalGasLiquids
893525 USD
CY2012 us-gaap Natural Gas Production Revenue
NaturalGasProductionRevenue
794436 USD
CY2011 us-gaap Natural Gas Production Revenue
NaturalGasProductionRevenue
964879 USD
CY2012 us-gaap Sales Revenue Net
SalesRevenueNet
17962038 USD
CY2011 us-gaap Sales Revenue Net
SalesRevenueNet
7530875 USD
CY2012 us-gaap Lease Operating Expense
LeaseOperatingExpense
1708235 USD
CY2011 us-gaap Lease Operating Expense
LeaseOperatingExpense
1298650 USD
CY2012 us-gaap Production Tax Expense
ProductionTaxExpense
66764 USD
CY2011 us-gaap Production Tax Expense
ProductionTaxExpense
80677 USD
CY2012 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1136974 USD
CY2011 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
563104 USD
CY2011 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
59913 USD
CY2012 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
6143286 USD
CY2011 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
5335384 USD
CY2012 us-gaap Operating Expenses
OperatingExpenses
9132764 USD
CY2011 us-gaap Operating Expenses
OperatingExpenses
7337728 USD
CY2012 us-gaap Operating Income Loss
OperatingIncomeLoss
8829274 USD
CY2011 us-gaap Operating Income Loss
OperatingIncomeLoss
193147 USD
CY2012 us-gaap Investment Income Interest
InvestmentIncomeInterest
25728 USD
CY2011 us-gaap Investment Income Interest
InvestmentIncomeInterest
14214 USD
CY2012 us-gaap Interest Expense
InterestExpense
21950 USD
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
8833052 USD
CY2011 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
207361 USD
CY2012 us-gaap Net Income Loss
NetIncomeLoss
5132130 USD
CY2011 us-gaap Net Income Loss
NetIncomeLoss
-241553 USD
CY2012 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
630391 USD
CY2013 us-gaap Operating Income Loss
OperatingIncomeLoss
10701354 USD
CY2013 us-gaap Sales Revenue Net
SalesRevenueNet
21349920 USD
CY2012 epm Payments On Asset Retirement Obligations
PaymentsOnAssetRetirementObligations
61936 USD
CY2012 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
165581 USD
CY2011 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-90652 USD
CY2012 us-gaap Share Based Compensation
ShareBasedCompensation
1475995 USD
CY2013 us-gaap Share Based Compensation
ShareBasedCompensation
1531745 USD
CY2011 us-gaap Share Based Compensation
ShareBasedCompensation
1536007 USD
CY2012 epm Depreciation Depletion And Amortization Cash Flows Impact
DepreciationDepletionAndAmortizationCashFlowsImpact
1150454 USD
CY2011 epm Depreciation Depletion And Amortization Cash Flows Impact
DepreciationDepletionAndAmortizationCashFlowsImpact
563104 USD
CY2011 epm Payments On Asset Retirement Obligations
PaymentsOnAssetRetirementObligations
1847 USD
CY2012 epm Deferred Rent Expenses
DeferredRentExpenses
-15401 USD
CY2011 epm Deferred Rent Expenses
DeferredRentExpenses
3777 USD
CY2012 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
379873 USD
CY2011 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
173157 USD
CY2011 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
497783 USD
CY2012 us-gaap Increase Decrease In Royalties Payable
IncreaseDecreaseInRoyaltiesPayable
-448638 USD
CY2011 us-gaap Increase Decrease In Royalties Payable
IncreaseDecreaseInRoyaltiesPayable
521589 USD
CY2012 us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
9845 USD
CY2011 us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
36778 USD
CY2012 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
10375406 USD
CY2011 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
3055116 USD
CY2012 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
799610 USD
CY2011 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
231326 USD
CY2012 epm Payment For Development Of Oil And Gas Properties
PaymentForDevelopmentOfOilAndGasProperties
3291921 USD
CY2011 epm Payment For Development Of Oil And Gas Properties
PaymentForDevelopmentOfOilAndGasProperties
2509652 USD
CY2012 epm Payment For Acquisition Of Oil And Gas Properties
PaymentForAcquisitionOfOilAndGasProperties
3768162 USD
CY2011 epm Payment For Acquisition Of Oil And Gas Properties
PaymentForAcquisitionOfOilAndGasProperties
997279 USD
CY2012 us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
61176 USD
CY2011 us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
864 USD
CY2012 us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
224206 USD
CY2011 epm Proceeds From Maturities Of Certificates Of Deposit
ProceedsFromMaturitiesOfCertificatesOfDeposit
1100000 USD
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CY2013Q2 us-gaap Certificates Of Deposit At Carrying Value
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ProvedDevelopedReservesPercentageOfImprovement
0.13 pure

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