2012 Q4 Form 10-K Financial Statement

#000144530513000396 Filed on March 01, 2013

View on sec.gov

Income Statement

Concept 2012 Q4 2012 2011 Q4
Revenue $56.60M $248.9M $68.95M
YoY Change -17.9% 8.58% 81.44%
Cost Of Revenue $12.70M $53.30M $13.60M
YoY Change -6.62% 13.4% 51.11%
Gross Profit $44.00M $195.7M $55.30M
YoY Change -20.43% 7.35% 90.69%
Gross Profit Margin 77.73% 78.62% 80.21%
Selling, General & Admin $4.900M $14.30M $1.900M
YoY Change 157.89% 70.24% 18.75%
% of Gross Profit 11.14% 7.31% 3.44%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $20.30M $90.75M $21.70M
YoY Change -6.45% 45.62% 80.83%
% of Gross Profit 46.14% 46.37% 39.24%
Operating Expenses $25.30M $151.7M $23.80M
YoY Change 6.3% 28.21% 72.46%
Operating Profit $25.88M $97.26M $31.59M
YoY Change -18.08% -12.35% 107.8%
Interest Expense $4.300M $7.458M -$700.0K
YoY Change -714.29% 432.71% -30.0%
% of Operating Profit 16.62% 7.67% -2.22%
Other Income/Expense, Net $936.0K
YoY Change -135.56%
Pretax Income $30.20M $98.20M $30.90M
YoY Change -2.27% -9.35% 116.08%
Income Tax $10.85M $26.36M -$91.00K
% Of Pretax Income 35.92% 26.85% -0.29%
Net Earnings $15.88M $68.37M $30.97M
YoY Change -48.72% -36.94% 116.6%
Net Earnings / Revenue 28.06% 27.47% 44.93%
Basic Earnings Per Share $0.28 $1.22 $0.59
Diluted Earnings Per Share $0.28 $1.21 $0.59
COMMON SHARES
Basic Shares Outstanding 55.72M shares 55.93M shares
Diluted Shares Outstanding 56.42M shares

Balance Sheet

Concept 2012 Q4 2012 2011 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $167.1M $167.1M $93.90M
YoY Change 77.96% 77.96% 3656.0%
Cash & Equivalents $167.1M $167.1M $93.90M
Short-Term Investments
Other Short-Term Assets $2.200M $2.200M $2.900M
YoY Change -24.14% -24.14% 70.59%
Inventory
Prepaid Expenses
Receivables $25.62M $60.50M $28.02M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $229.7M $229.7M $129.6M
YoY Change 77.29% 77.24% 557.74%
LONG-TERM ASSETS
Property, Plant & Equipment $953.9M $953.9M $468.6M
YoY Change 103.54% 103.56% 93.57%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $381.5M $381.5M $86.82M
YoY Change 339.38% 339.52% 163.1%
Other Assets $13.30M $13.30M $5.123M
YoY Change 159.52% 118.03% 6.73%
Total Long-Term Assets $1.349B $1.349B $561.6M
YoY Change 140.15% 140.15% 87.19%
TOTAL ASSETS
Total Short-Term Assets $229.7M $229.7M $129.6M
Total Long-Term Assets $1.349B $1.349B $561.6M
Total Assets $1.578B $1.578B $691.2M
YoY Change 128.37% 128.36% 116.19%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $110.2M $110.2M $43.90M
YoY Change 151.03% 151.03% 6.55%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $150.0K $200.0K $141.0K
YoY Change 6.38% 100.0% -94.13%
Total Short-Term Liabilities $120.9M $120.9M $44.63M
YoY Change 170.87% 171.08% -8.73%
LONG-TERM LIABILITIES
Long-Term Debt $298.9M $298.9M $2.142M
YoY Change 13853.69% 14133.33% -95.67%
Other Long-Term Liabilities $354.0K $13.60M $0.00
YoY Change 13.33% -100.0%
Total Long-Term Liabilities $299.2M $312.5M $2.142M
YoY Change 13870.21% 2116.31% -96.41%
TOTAL LIABILITIES
Total Short-Term Liabilities $120.9M $120.9M $44.63M
Total Long-Term Liabilities $299.2M $312.5M $2.142M
Total Liabilities $452.0M $452.0M $58.81M
YoY Change 668.53% 668.71% -45.85%
SHAREHOLDERS EQUITY
Retained Earnings $92.92M $24.55M
YoY Change 278.53%
Common Stock $674.0K $556.0K
YoY Change 21.22%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.126B $1.126B $632.4M
YoY Change
Total Liabilities & Shareholders Equity $1.578B $1.578B $691.2M
YoY Change 128.37% 128.36% 116.19%

Cashflow Statement

Concept 2012 Q4 2012 2011 Q4
OPERATING ACTIVITIES
Net Income $15.88M $68.37M $30.97M
YoY Change -48.72% -36.94% 116.6%
Depreciation, Depletion And Amortization $20.30M $90.75M $21.70M
YoY Change -6.45% 45.62% 80.83%
Cash From Operating Activities $33.30M $199.2M $36.10M
YoY Change -7.76% 25.94% 30.8%
INVESTING ACTIVITIES
Capital Expenditures -$488.0M -$757.8M -$85.40M
YoY Change 471.43% 163.4% 189.49%
Acquisitions
YoY Change
Other Investing Activities $35.40M -$82.70M -$7.600M
YoY Change -565.79% 132.96% 1166.67%
Cash From Investing Activities -$452.7M -$840.6M -$93.00M
YoY Change 386.77% 160.04% 208.97%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $427.9M $427.1M
YoY Change 39.05%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 574.2M $714.6M 128.1M
YoY Change 348.24% 178.56% 4317.24%
NET CHANGE
Cash From Operating Activities 33.30M $199.2M 36.10M
Cash From Investing Activities -452.7M -$840.6M -93.00M
Cash From Financing Activities 574.2M $714.6M 128.1M
Net Change In Cash 154.8M $73.19M 71.20M
YoY Change 117.42% -19.95% 17700.0%
FREE CASH FLOW
Cash From Operating Activities $33.30M $199.2M $36.10M
Capital Expenditures -$488.0M -$757.8M -$85.40M
Free Cash Flow $521.3M $957.0M $121.5M
YoY Change 329.05% 114.64% 112.78%

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CY2012Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
9519000 USD
CY2012Q4 us-gaap Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
USD
CY2011Q4 us-gaap Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
1000000 USD
CY2010Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
20967000 USD
CY2012Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
1513000 USD
CY2011Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
40880000 USD
CY2010Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
0 USD
CY2012Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
4315000 USD
CY2011Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
6410000 USD
CY2010Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Alternative Minimum Tax
DeferredTaxAssetsTaxCreditCarryforwardsAlternativeMinimumTax
693000 USD
CY2012Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Alternative Minimum Tax
DeferredTaxAssetsTaxCreditCarryforwardsAlternativeMinimumTax
1643000 USD
CY2011Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Alternative Minimum Tax
DeferredTaxAssetsTaxCreditCarryforwardsAlternativeMinimumTax
1000000 USD
CY2012Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Foreign
DeferredTaxAssetsTaxCreditCarryforwardsForeign
2074000 USD
CY2011Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Foreign
DeferredTaxAssetsTaxCreditCarryforwardsForeign
0 USD
CY2010Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Foreign
DeferredTaxAssetsTaxCreditCarryforwardsForeign
0 USD
CY2011Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
520000 USD
CY2012Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
762000 USD
CY2010Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
347000 USD
CY2010Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
0 USD
CY2010Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
54434000 USD
CY2012Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
4629000 USD
CY2011Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
12347000 USD
CY2012Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
28126000 USD
CY2011Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
35647000 USD
CY2010Q4 us-gaap Deferred Tax Liabilities Derivatives
DeferredTaxLiabilitiesDerivatives
0 USD
CY2011Q4 us-gaap Deferred Tax Liabilities Derivatives
DeferredTaxLiabilitiesDerivatives
10000 USD
CY2012Q4 us-gaap Deferred Tax Liabilities Derivatives
DeferredTaxLiabilitiesDerivatives
0 USD
CY2011Q4 us-gaap Deferred Tax Liabilities Gross Noncurrent
DeferredTaxLiabilitiesGrossNoncurrent
0 USD
CY2012Q4 us-gaap Deferred Tax Liabilities Gross Noncurrent
DeferredTaxLiabilitiesGrossNoncurrent
18607000 USD
CY2010Q4 us-gaap Deferred Tax Liabilities Investment In Noncontrolled Affiliates
DeferredTaxLiabilitiesInvestmentInNoncontrolledAffiliates
0 USD
CY2011Q4 us-gaap Deferred Tax Liabilities Investment In Noncontrolled Affiliates
DeferredTaxLiabilitiesInvestmentInNoncontrolledAffiliates
0 USD
CY2012Q4 us-gaap Deferred Tax Liabilities Investment In Noncontrolled Affiliates
DeferredTaxLiabilitiesInvestmentInNoncontrolledAffiliates
9232000 USD
CY2011Q4 us-gaap Deferred Tax Liabilities Investments
DeferredTaxLiabilitiesInvestments
0 USD
CY2010Q4 us-gaap Deferred Tax Liabilities Investments
DeferredTaxLiabilitiesInvestments
0 USD
CY2012Q4 us-gaap Deferred Tax Liabilities Investments
DeferredTaxLiabilitiesInvestments
3618000 USD
CY2011 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
310000 USD
CY2010 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
316000 USD
CY2012 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
361000 USD
CY2012 us-gaap Defined Contribution Plan Maximum Annual Contribution Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionPerEmployeePercent
1
CY2011Q4 us-gaap Deposit Assets
DepositAssets
4000 USD
CY2012Q4 us-gaap Deposit Assets
DepositAssets
4000 USD
CY2011 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
62320000 USD
CY2010 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
38907000 USD
CY2012 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
90749000 USD
CY2012Q4 us-gaap Derivative Assets Current
DerivativeAssetsCurrent
664000 USD
CY2011Q4 us-gaap Derivative Assets Current
DerivativeAssetsCurrent
1601000 USD
CY2012Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
10442000 USD
CY2011Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
USD
CY2011Q4 us-gaap Derivative Nonmonetary Notional Amount Price Per Barrel
DerivativeNonmonetaryNotionalAmountPricePerBarrel
86.96
CY2012Q1 us-gaap Derivative Nonmonetary Notional Amount Price Per Barrel
DerivativeNonmonetaryNotionalAmountPricePerBarrel
108.00
CY2010Q1 us-gaap Derivative Nonmonetary Notional Amount Price Per Barrel
DerivativeNonmonetaryNotionalAmountPricePerBarrel
54.81
CY2010Q4 us-gaap Derivative Nonmonetary Notional Amount Price Per Barrel
DerivativeNonmonetaryNotionalAmountPricePerBarrel
58.24
CY2012Q3 us-gaap Derivative Nonmonetary Notional Amount Price Per Barrel
DerivativeNonmonetaryNotionalAmountPricePerBarrel
109.73
CY2012Q4 us-gaap Derivative Nonmonetary Notional Amount Price Per Barrel
DerivativeNonmonetaryNotionalAmountPricePerBarrel
107.29
CY2012 us-gaap Development Costs
DevelopmentCosts
0 USD
CY2010 us-gaap Development Costs
DevelopmentCosts
0 USD
CY2011 us-gaap Development Costs
DevelopmentCosts
0 USD
us-gaap Development Costs
DevelopmentCosts
0 USD
CY2012Q4 us-gaap Development Costs Cumulative
DevelopmentCostsCumulative
0 USD
CY2010 us-gaap Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves Standardized Measure
DiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesStandardizedMeasure
315487000 USD
CY2012 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
-3465000 USD
CY2010 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
0 USD
CY2011 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
0 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
96013000 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
260788000 USD
CY2010 us-gaap Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves10 Percent Annual Discount For Estimated Timing Of Cash Flows
DiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves10PercentAnnualDiscountForEstimatedTimingOfCashFlows
260849000 USD
CY2011 us-gaap Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves Future Cash Inflows
DiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesFutureCashInflows
1594050000 USD
CY2010 us-gaap Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves Future Cash Inflows
DiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesFutureCashInflows
1479295000 USD
CY2012 us-gaap Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves Future Cash Inflows
DiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesFutureCashInflows
954833000 USD
CY2010 us-gaap Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves Future Development Costs
DiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesFutureDevelopmentCosts
301651000 USD
CY2011 us-gaap Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves Future Development Costs
DiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesFutureDevelopmentCosts
306810000 USD
CY2012 us-gaap Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves Future Development Costs
DiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesFutureDevelopmentCosts
159113000 USD
CY2012 us-gaap Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves Future Income Tax Expense
DiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesFutureIncomeTaxExpense
114867000 USD
CY2010 us-gaap Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves Future Income Tax Expense
DiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesFutureIncomeTaxExpense
159171000 USD
CY2011 us-gaap Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves Future Income Tax Expense
DiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesFutureIncomeTaxExpense
229649000 USD
CY2010 us-gaap Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves Future Net Cash Flows
DiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesFutureNetCashFlows
576336000 USD
CY2011 us-gaap Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves Future Net Cash Flows
DiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesFutureNetCashFlows
637469000 USD
CY2012 us-gaap Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves Future Net Cash Flows
DiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesFutureNetCashFlows
444654000 USD
CY2010 us-gaap Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves Future Production Costs
DiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesFutureProductionCosts
305814000 USD
CY2011 us-gaap Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves Future Production Costs
DiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesFutureProductionCosts
295383000 USD
CY2012 us-gaap Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves Future Production Costs
DiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesFutureProductionCosts
147024000 USD
CY2012 us-gaap Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves Standardized Measure
DiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesStandardizedMeasure
348641000 USD
CY2011 us-gaap Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves Standardized Measure
DiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesStandardizedMeasure
376681000 USD
CY2011Q4 us-gaap Due From Related Parties Current
DueFromRelatedPartiesCurrent
4731000 USD
CY2012Q4 us-gaap Due From Related Parties Current
DueFromRelatedPartiesCurrent
34848000 USD
CY2012 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.22
CY2011 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.22
CY2010 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.08
CY2012Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.28
CY2011Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.57
CY2012Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.48
CY2012Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.45
CY2011Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.47
CY2011Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.58
CY2012Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.01
CY2011Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.59
CY2011 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.20
CY2010 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.07
CY2012 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.21
CY2012Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.28
CY2011Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.47
CY2012Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.01
CY2012Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.45
CY2011Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.57
CY2011Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.59
CY2012Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.48
CY2011Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.57
CY2012Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
6745000 USD
CY2012 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y6M18D
CY2011 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
870000 USD
CY2010 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
565000 USD
CY2012 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
820000 USD
CY2011Q4 us-gaap Equity Method Investments
EquityMethodInvestments
86824000 USD
CY2012Q4 us-gaap Equity Method Investments
EquityMethodInvestments
381484000 USD
CY2012 us-gaap Exploration Costs
ExplorationCosts
0 USD
CY2010 us-gaap Exploration Costs
ExplorationCosts
0 USD
CY2011 us-gaap Exploration Costs
ExplorationCosts
0 USD
us-gaap Exploration Costs
ExplorationCosts
0 USD
CY2012Q4 us-gaap Exploration Costs Cumulative
ExplorationCostsCumulative
0 USD
CY2011 us-gaap Extensions Discoveries Additions And Improved Recovery Less Related Costs
ExtensionsDiscoveriesAdditionsAndImprovedRecoveryLessRelatedCosts
107110000 USD
CY2010 us-gaap Extensions Discoveries Additions And Improved Recovery Less Related Costs
ExtensionsDiscoveriesAdditionsAndImprovedRecoveryLessRelatedCosts
88227000 USD
CY2012 us-gaap Extensions Discoveries Additions And Improved Recovery Less Related Costs
ExtensionsDiscoveriesAdditionsAndImprovedRecoveryLessRelatedCosts
151654000 USD
CY2011Q4 us-gaap Gas Imbalance Payable Current And Noncurrent
GasImbalancePayableCurrentAndNoncurrent
0 USD
CY2012Q4 us-gaap Gas Imbalance Payable Current And Noncurrent
GasImbalancePayableCurrentAndNoncurrent
354000 USD
CY2011 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
8074000 USD
CY2012 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
13808000 USD
CY2010 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
6063000 USD
CY2011 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
108422000 USD
CY2012 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
71836000 USD
CY2012Q4 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
4476000 USD
CY2011Q4 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
3692000 USD
CY2010 us-gaap Gain Loss On Cash Flow Hedge Ineffectiveness Net
GainLossOnCashFlowHedgeIneffectivenessNet
0 USD
CY2011 us-gaap Gain Loss On Cash Flow Hedge Ineffectiveness Net
GainLossOnCashFlowHedgeIneffectivenessNet
25000 USD
CY2012 us-gaap Gain Loss On Cash Flow Hedge Ineffectiveness Net
GainLossOnCashFlowHedgeIneffectivenessNet
-144000 USD
CY2011 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
0 USD
CY2012 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-5702000 USD
CY2010 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
0 USD
CY2012 us-gaap Gain Loss On Sale Of Oil And Gas Property
GainLossOnSaleOfOilAndGasProperty
7300000 USD
CY2011 us-gaap Gain Loss On Sale Of Oil And Gas Property
GainLossOnSaleOfOilAndGasProperty
0 USD
CY2010 us-gaap Gain Loss On Sale Of Oil And Gas Property
GainLossOnSaleOfOilAndGasProperty
0 USD
CY2011 us-gaap Gain On Fair Value Hedge Ineffectiveness
GainOnFairValueHedgeIneffectiveness
25000 USD
CY2011 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1612000 USD
CY2011 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
13067000 USD
CY2010 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
47363000 USD
CY2010 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
47403000 USD
CY2011 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
108332000 USD
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
98199000 USD
CY2011 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
2.22
CY2012 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.28
CY2010 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.08
CY2010 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.07
CY2011 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
2.20
CY2012 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.27
CY2011 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.00
CY2010 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.00
CY2012 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.06
CY2010 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
CY2012 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.06
CY2011 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
CY2012 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
8322000 USD
CY2011 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-1418000 USD
CY2010 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-977000 USD
CY2012 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
26363000 USD
CY2011 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-90000 USD
CY2010 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
40000 USD
CY2012Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
CY2012Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
CY2012Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
10849000 USD
CY2011Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
CY2011Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1000 USD
CY2012Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
15514000 USD
CY2011Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
CY2011Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-91000 USD
CY2012 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-9792000 USD
CY2011 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-42087000 USD
CY2010 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-18818000 USD
CY2012 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
34370000 USD
CY2011 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
37916000 USD
CY2010 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
16591000 USD
CY2012 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
292000 USD
CY2010 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
5460000 USD
CY2012 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-2404000 USD
CY2010 us-gaap Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
437000 USD
CY2012 us-gaap Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
30117000 USD
CY2011 us-gaap Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
4158000 USD
CY2012 us-gaap Increase Decrease In Future Income Tax Expense Estimates On Future Cash Flows Related To Proved Oil And Gas Reserves
IncreaseDecreaseInFutureIncomeTaxExpenseEstimatesOnFutureCashFlowsRelatedToProvedOilAndGasReserves
25585000 USD
CY2011 us-gaap Increase Decrease In Future Income Tax Expense Estimates On Future Cash Flows Related To Proved Oil And Gas Reserves
IncreaseDecreaseInFutureIncomeTaxExpenseEstimatesOnFutureCashFlowsRelatedToProvedOilAndGasReserves
-36674000 USD
CY2010 us-gaap Increase Decrease In Future Income Tax Expense Estimates On Future Cash Flows Related To Proved Oil And Gas Reserves
IncreaseDecreaseInFutureIncomeTaxExpenseEstimatesOnFutureCashFlowsRelatedToProvedOilAndGasReserves
-54879000 USD
CY2011 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
0 USD
CY2012 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
0 USD
CY2011 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-146000 USD
CY2010 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-111000 USD
CY2010 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
2378000 USD
CY2012 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
1493000 USD
CY2011 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
4227000 USD
CY2012 us-gaap Income Taxes Paid
IncomeTaxesPaid
261000 USD
CY2011 us-gaap Income Taxes Paid
IncomeTaxesPaid
1000 USD
CY2010 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
75000 USD
CY2012 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
179000 USD
CY2011 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-405000 USD
CY2010 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-315000 USD
CY2012 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-8000 USD
CY2011 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-8000 USD
CY2010 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-8000 USD
CY2012 us-gaap Increase Due To Purchases Of Minerals In Place
IncreaseDueToPurchasesOfMineralsInPlace
0 USD
CY2011 us-gaap Increase Due To Purchases Of Minerals In Place
IncreaseDueToPurchasesOfMineralsInPlace
72000 USD
CY2010 us-gaap Increase Due To Purchases Of Minerals In Place
IncreaseDueToPurchasesOfMineralsInPlace
63043000 USD
CY2012 us-gaap Interest Expense
InterestExpense
7458000 USD
CY2011 us-gaap Interest Expense
InterestExpense
1400000 USD
CY2010 us-gaap Interest Expense
InterestExpense
2761000 USD
CY2012 us-gaap Interest Expense Debt
InterestExpenseDebt
7458000 USD
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">CONTINGENCIES</font></div><div style="line-height:120%;padding-top:6px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Louisiana Department of Revenue (&#8220;LDR&#8221;) is disputing Gulfport&#8217;s severance tax payments to the State of Louisiana from the sale of oil under fixed price contracts during the years 2005 to 2007. The LDR maintains that Gulfport paid approximately </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$1,800,000</font><font style="font-family:inherit;font-size:10pt;"> less in severance taxes under fixed price terms than the severance taxes Gulfport would have had to pay had it paid severance taxes on the oil at the contracted market rates only. Gulfport has denied any liability to the LDR for underpayment of severance taxes and has maintained that it was entitled to enter into the fixed price contracts with unrelated third parties and pay severance taxes based upon the proceeds received under those contracts. Gulfport has maintained its right to contest any final assessment or suit for collection if brought by the State. On April&#160;20, 2009, the LDR filed a lawsuit in the 15</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">th</sup></font><font style="font-family:inherit;font-size:10pt;"> Judicial District Court, Lafayette Parish, in Louisiana against Gulfport seeking </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$2,275,729</font><font style="font-family:inherit;font-size:10pt;"> in severance taxes, plus interest and court costs. Gulfport filed a response denying any liability to the LDR for underpayment of severance taxes and is defending itself in the lawsuit. The LDR had taken no further action on this lawsuit since filing its petition other than propounding discovery requests to which Gulfport has responded. Since serving discovery requests on the LDR and receiving the LDR's responses in 2012 there has been no further activity on the case and no trial date has been set. </font></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In December 2010, the LDR filed </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">two</font><font style="font-family:inherit;font-size:10pt;"> identical lawsuits against Gulfport in different venues to recover allegedly underpaid severance taxes on crude oil for the period January&#160;1, 2007 through December&#160;31, 2010, together with a claim for attorney&#8217;s fees. The petitions do not make any specific claim for damages or unpaid taxes. As with the first lawsuit filed by the LDR in 2009, Gulfport denies all liability and will vigorously defend the lawsuit. The cases are in the early stages, and Gulfport has not yet filed a response to the recent lawsuits. Recently, the LDR filed motions to stay the lawsuits before Gulfport filed any responsive pleadings. The LDR has advised Gulfport that it intends to pursue settlement discussions with Gulfport and other similarly situated defendants in separate proceedings, but has taken no action to initiate settlement talks. There has been no activity on either of these lawsuits for more than a year.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Other Litigation</font></div><div style="line-height:120%;padding-bottom:16px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In November 2006, Cudd Pressure Control, Inc. (&#8220;Cudd&#8221;) filed a lawsuit against Gulfport, Great White Pressure Control LLC (&#8220;Great White&#8221;) and&#160;</font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">six</font><font style="font-family:inherit;font-size:10pt;">&#160;former Cudd employees in the 129th Judicial District Harris County, Texas. The lawsuit was subsequently removed to the United States District Court for the Southern District of Texas (Houston Division). The lawsuit alleged RICO violations and several other causes of action relating to Great White&#8217;s employment of the former Cudd employees and sought unspecified monetary damages and injunctive relief. On stipulation by the parties, the plaintiff&#8217;s RICO claim was dismissed without prejudice by order of the court on February&#160;14, 2007. Gulfport filed a motion for summary judgment on October&#160;5, 2007. The court entered a final interlocutory judgment in favor of all defendants, including Gulfport, on April&#160;8, 2008. On November&#160;3, 2008, Cudd filed its appeal with the U.S. Court of Appeals for the Fifth Circuit. The Fifth Circuit vacated the district court decision finding, among other things, that the district court should not have entered summary judgment without first allowing more discovery. The case was remanded to the district court, and Cudd filed a motion to remand the case to the original state court, which motion was granted. Cudd subsequently filed amended petitions with the state court (a)&#160;alleging, among other things, that Gulfport conspired with the other defendants to misappropriate, and misappropriated Cudd&#8217;s trade secrets and caused its employees to breach their fiduciary duties, and (b)&#160;seeking monetary damages including&#160;</font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$11.8 million</font><font style="font-family:inherit;font-size:10pt;">&#160;as a reasonable royalty for the alleged use of its trade secrets. Cudd also sought disgorgement of the alleged benefits received by the various defendants. Cudd also sought its attorney's fees, which Cudd claimed were not less than&#160;</font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$450,000</font><font style="font-family:inherit;font-size:10pt;">, plus&#160;</font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">10%</font><font style="font-family:inherit;font-size:10pt;">&#160;of any final judgment. This case went to trial on September 5, 2012 and on September 28, 2012 the jury rendered its verdict, awarding no damages to the plaintiffs. Gulfport along with all defendants filed a Motion for Entry of Judgment that is consistent with the jury's verdict. Cudd filed an Application for Disgorgement and a Motion for Judgment Notwithstanding the Verdict. The court denied all of Cudd's post-trial motions on October 12, 2012, and issued its final judgment on January 10, 2013. On that same day, Cudd filed motions for a new trial and to modify, correct of reform the judgment. Those motions remain pending. </font></div><div style="line-height:120%;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On July&#160;30, 2010,&#160;</font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">six</font><font style="font-family:inherit;font-size:10pt;">&#160;individuals and&#160;</font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">one</font><font style="font-family:inherit;font-size:10pt;">&#160;limited liability company sued&#160;</font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">15</font><font style="font-family:inherit;font-size:10pt;">&#160;oil and gas companies in Cameron Parish Louisiana for contamination across the surface of where the defendants operated in an action entitled&#160;Reeds et al. v. BP American Production Company et al.,38th Judicial District. No.&#160;10-18714. The plaintiffs&#8217; original petition for damages, which did not name Gulfport as a defendant, alleges that the plaintiffs&#8217; property located in Cameron Parish, Louisiana within the Hackberry oil field is contaminated as a result of historic oil and gas exploration and production activities. Plaintiffs allege that the defendants conducted, directed and participated in various oil and gas exploration and production activities on their property which allegedly have contaminated or otherwise caused damage to the property, and have sued the defendants for alleged breaches of oil, gas and mineral leases, as well as for alleged negligence, trespass, failure to warn, strict liability, punitive damages, lease liability, contract liability, unjust enrichment, restoration damages, assessment and response costs and stigma damages.&#160;On December&#160;7, 2010, Gulfport was served with a copy of the plaintiffs&#8217; first supplemental and amending petition which added&#160;</font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">four</font><font style="font-family:inherit;font-size:10pt;">&#160;additional plaintiffs and&#160;</font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">six</font><font style="font-family:inherit;font-size:10pt;">&#160;additional defendants, including Gulfport, bringing the total number of defendants to&#160;</font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">21</font><font style="font-family:inherit;font-size:10pt;">.&#160;It also increased the total acreage at issue in this litigation from&#160;</font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">240</font><font style="font-family:inherit;font-size:10pt;">&#160;acres to approximately&#160;</font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">1,700</font><font style="font-family:inherit;font-size:10pt;">&#160;acres.&#160;In addition to the damages sought in the original petition, the plaintiffs now also seek: damages sufficient to cover the cost of conducting a comprehensive environmental assessment of all present and yet unidentified pollution and contamination of their property; the cost to restore the property to its pre-polluted original condition; damages for mental anguish and annoyance, discomfort and inconvenience caused by the nuisance created by defendants; land loss and subsidence damages and the cost of backfilling canals and other excavations; damages for loss of use of land and lost profits and income; attorney fees and expenses and damages for evaluation and remediation of any contamination that threatens groundwater.&#160;In addition to Gulfport, current defendants include ExxonMobil Oil Corporation, Mobil Exploration&#160;&amp; Producing North America Inc., Chevron U.S.A. Inc., The Superior Oil Company, Union Oil Company of California, BP America Production Company, Tempest Oil Company, Inc., ConocoPhillips Company, Continental Oil Company, WM. T. Burton Industries, Inc., Freeport Sulphur Company, Eagle Petroleum Company, U.S. Oil of Louisiana, M&amp;S Oil Company, and Empire Land Corporation, Inc. of Delaware. On January&#160;21, 2011, Gulfport filed a pleading challenging the legal sufficiency of the petitions on several grounds and requesting that they either be dismissed or that plaintiffs be required to amend such petitions.&#160;In response to the pleadings filed by Gulfport and similar pleadings filed by other defendants, the plaintiffs filed a third amending petition with exhibits which expands the description of the property at issue, attaches numerous aerial photos and identifies the mineral leases at issue. In response, Gulfport and numerous defendants re-urged their pleadings challenging the legal sufficiency of the petitions. Some of the defendants&#8217; grounds for challenging the plaintiffs&#8217; petitions were heard by the court on May&#160;25, 2011 and were denied. The court signed the written judgment on December&#160;9, 2011. Gulfport noticed its intent to seek supervisory review on December&#160;19, 2011 and the trial court fixed a return date of January&#160;11, 2012 for the filing of the writ application. Gulfport filed its supervisory writ, which was denied by the Louisiana Third Circuit Court of Appeal and the Louisiana Supreme Court. Gulfport has been active in serving discovery requests and responding to discovery requests from the plaintiffs. It is anticipated that the discovery phase of this case will become more active in the upcoming months. Plaintiffs' counsel is seeking a trial date in mid-2013.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:12px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Due to the early stages of the LDR and Reed litigation, the outcome is uncertain and management cannot determine the amount of loss, if any, that may result. In each case, management has determined the possibility of loss is remote. However, litigation is inherently uncertain. Adverse decisions in one or more of the above matters could have a material adverse effect on the Company&#8217;s financial condition or results of operations and management cannot determine the amount of loss, if any, that may result.</font></div><div style="line-height:120%;padding-bottom:16px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company has been named as a defendant in various other lawsuits related to its business. In each such case, management has determined that the possibility of loss is remote. The resolution of these matters is not expected to have a material adverse effect on the Company financial condition or results of operations in future periods.</font></div><div style="line-height:120%;padding-top:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Concentration of Credit Risk</font></div><div style="line-height:120%;padding-top:6px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Gulfport operates in the oil and gas industry principally in the state of Louisiana with sales to refineries, re-sellers such as pipeline companies, and local distribution companies. While certain of these customers are affected by periodic downturns in the economy in general or in their specific segment of the oil and gas industry, Gulfport believes that its level of credit-related losses due to such economic fluctuations has been immaterial and will continue to be immaterial to the Company&#8217;s results of operations in the long term.</font></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company maintains cash balances at several banks. Accounts at each institution are insured by the Federal Deposit Insurance Corporation up to </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$250,000</font><font style="font-family:inherit;font-size:10pt;">. At </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2012</font><font style="font-family:inherit;font-size:10pt;">, Gulfport held cash in excess of insured limits in these banks totaling </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$166,588,000</font><font style="font-family:inherit;font-size:10pt;">.</font></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">During the year ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2012</font><font style="font-family:inherit;font-size:10pt;">, Gulfport sold approximately </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">92%</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">8%</font><font style="font-family:inherit;font-size:10pt;"> of its oil production to Shell Trading Company (&#8220;Shell&#8221;) and Diamondback O&amp;G, respectively, </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">91%</font><font style="font-family:inherit;font-size:10pt;"> of its natural gas liquids production to Diamondback O&amp;G, and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">41%</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">18%</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">16%</font><font style="font-family:inherit;font-size:10pt;"> of its natural gas production to Noble Americas Gas, Hess and Chevron, respectively. During the year ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2011</font><font style="font-family:inherit;font-size:10pt;">, Gulfport sold approximately </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">93%</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">7%</font><font style="font-family:inherit;font-size:10pt;"> of its oil production to Shell and Diamondback O&amp;G, respectively, </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">100%</font><font style="font-family:inherit;font-size:10pt;"> of its natural gas liquids production to Diamondback O&amp;G and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">50%</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">27%</font><font style="font-family:inherit;font-size:10pt;">, and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">22%</font><font style="font-family:inherit;font-size:10pt;"> of its natural gas production to Hilcorp Energy Company, Chevron, and Diamondback O&amp;G, respectively. During the year ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2010</font><font style="font-family:inherit;font-size:10pt;">, Gulfport sold approximately </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">75%</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">19%</font><font style="font-family:inherit;font-size:10pt;"> of its oil production to Shell and Diamondback O&amp;G, respectively, and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">50%</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">32%</font><font style="font-family:inherit;font-size:10pt;">, and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">10%</font><font style="font-family:inherit;font-size:10pt;"> of its natural gas production to Diamondback O&amp;G, Chevron, and Hilcorp, respectively.</font></div></div>
CY2012 us-gaap Loss On Fair Value Hedge Ineffectiveness
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CY2012 us-gaap Net Cash Provided By Used In Financing Activities
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CY2012 us-gaap Nature Of Operations
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Business</font></div><div style="line-height:120%;padding-top:6px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Gulfport Energy Corporation (&#8220;Gulfport&#8221; or the &#8220;Company&#8221;) is an independent oil and gas exploration, development and production company with its principal properties located in the Louisiana Gulf Coast, the Utica Shale in Eastern Ohio and in Western Colorado in the Niobrara Formation and has investments in companies operating in the Permian Basin in West Texas, Canada and Thailand. </font></div></div>
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CY2012 us-gaap Operating Income Loss
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CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
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CY2011 us-gaap Operating Leases Rent Expense Minimum Rentals
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CY2010 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
65000 USD
CY2012 us-gaap Operating Leases Rent Expense Sublease Rentals1
OperatingLeasesRentExpenseSubleaseRentals1
7000 USD
CY2011 us-gaap Operating Leases Rent Expense Sublease Rentals1
OperatingLeasesRentExpenseSubleaseRentals1
0 USD
CY2010 us-gaap Operating Leases Rent Expense Sublease Rentals1
OperatingLeasesRentExpenseSubleaseRentals1
0 USD
CY2011 us-gaap Origination Of Notes Receivable From Related Parties
OriginationOfNotesReceivableFromRelatedParties
3182000 USD
CY2010 us-gaap Origination Of Notes Receivable From Related Parties
OriginationOfNotesReceivableFromRelatedParties
2877000 USD
CY2012 us-gaap Origination Of Notes Receivable From Related Parties
OriginationOfNotesReceivableFromRelatedParties
0 USD
CY2011Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
5123000 USD
CY2012Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
13295000 USD
CY2010 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
2255000 USD
CY2011 us-gaap Other Comprehensive Income Loss Reclassification Adjustment On Derivatives Included In Net Income Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentOnDerivativesIncludedInNetIncomeTax
0 USD
CY2010 us-gaap Other Comprehensive Income Loss Reclassification Adjustment On Derivatives Included In Net Income Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentOnDerivativesIncludedInNetIncomeTax
0 USD
CY2012 us-gaap Other Comprehensive Income Loss Reclassification Adjustment On Derivatives Included In Net Income Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentOnDerivativesIncludedInNetIncomeTax
512000 USD
CY2011 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
1576000 USD
CY2010 us-gaap Payments Of Loan Costs
PaymentsOfLoanCosts
1144000 USD
CY2010 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
1244000 USD
CY2011 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
34621000 USD
CY2011 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-1865000 USD
CY2012 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
1355000 USD
CY2010 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
16271000 USD
CY2011 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
4431000 USD
CY2012 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-6092000 USD
CY2011 us-gaap Other Comprehensive Income Loss Reclassification Adjustment On Derivatives Included In Net Income Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentOnDerivativesIncludedInNetIncomeBeforeTax
4720000 USD
CY2012 us-gaap Other Comprehensive Income Loss Reclassification Adjustment On Derivatives Included In Net Income Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentOnDerivativesIncludedInNetIncomeBeforeTax
1517000 USD
CY2012 us-gaap Other Comprehensive Income Loss Reclassification Adjustment On Derivatives Included In Net Income Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentOnDerivativesIncludedInNetIncomeNetOfTax
1005000 USD
CY2010 us-gaap Other Comprehensive Income Loss Reclassification Adjustment On Derivatives Included In Net Income Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentOnDerivativesIncludedInNetIncomeNetOfTax
18736000 USD
CY2011 us-gaap Other Comprehensive Income Loss Reclassification Adjustment On Derivatives Included In Net Income Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentOnDerivativesIncludedInNetIncomeNetOfTax
4720000 USD
CY2010 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-4720000 USD
CY2012 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-8452000 USD
CY2012 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
-4301000 USD
CY2011 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
0 USD
CY2010 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
0 USD
CY2011Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
0 USD
CY2012Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
354000 USD
CY2010 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
285000 USD
CY2012 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
325000 USD
CY2011 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
301000 USD
CY2012 us-gaap Payments Of Loan Costs
PaymentsOfLoanCosts
9175000 USD
CY2011 us-gaap Payments Of Loan Costs
PaymentsOfLoanCosts
981000 USD
CY2012 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
147307000 USD
CY2012 us-gaap Payments To Acquire Oil And Gas Property
PaymentsToAcquireOilAndGasProperty
757192000 USD
CY2010 us-gaap Payments To Acquire Oil And Gas Property
PaymentsToAcquireOilAndGasProperty
101644000 USD
CY2011 us-gaap Payments To Acquire Oil And Gas Property
PaymentsToAcquireOilAndGasProperty
287292000 USD
CY2012 us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
638000 USD
CY2011 us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
415000 USD
CY2010 us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
427000 USD
CY2011 us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.12
CY2012 us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.12
CY2011Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2012Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2012Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2011Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2012Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2011Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2012Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2011Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2012Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2011Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2012Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
1506000 USD
CY2011Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
1327000 USD
CY2011 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
307154000 USD
CY2012 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
427091000 USD
CY2010 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
21879000 USD
CY2012Q4 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
427900000 USD
CY2012 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
296835000 USD
CY2011 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
CY2010 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
CY2010 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
52200000 USD
CY2011 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
48000000 USD
CY2012 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
158500000 USD
CY2011 us-gaap Proceeds From Sale Of Oil And Gas Property And Equipment
ProceedsFromSaleOfOilAndGasPropertyAndEquipment
1384000 USD
CY2012 us-gaap Proceeds From Sale Of Oil And Gas Property And Equipment
ProceedsFromSaleOfOilAndGasPropertyAndEquipment
63590000 USD
CY2010 us-gaap Proceeds From Sale Of Oil And Gas Property And Equipment
ProceedsFromSaleOfOilAndGasPropertyAndEquipment
304000 USD
CY2012 us-gaap Proceeds From Sale Of Other Property Plant And Equipment
ProceedsFromSaleOfOtherPropertyPlantAndEquipment
140000 USD
CY2010 us-gaap Proceeds From Sale Of Other Property Plant And Equipment
ProceedsFromSaleOfOtherPropertyPlantAndEquipment
0 USD
CY2011 us-gaap Proceeds From Sale Of Other Property Plant And Equipment
ProceedsFromSaleOfOtherPropertyPlantAndEquipment
0 USD
CY2011Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1043778000 USD
CY2012Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1619752000 USD
CY2011Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
468636000 USD
CY2012Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
953868000 USD
CY2011Q4 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
8024000 USD
CY2012Q4 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
8662000 USD
CY2010 us-gaap Repayments Of Debt
RepaymentsOfDebt
52711000 USD
CY2012 us-gaap Repayments Of Debt
RepaymentsOfDebt
158639000 USD
CY2011 us-gaap Repayments Of Debt
RepaymentsOfDebt
97634000 USD
CY2012 us-gaap Results Of Operations Depreciation Depletion And Amortization And Valuation Provisions
ResultsOfOperationsDepreciationDepletionAndAmortizationAndValuationProvisions
90230000 USD
CY2011 us-gaap Results Of Operations Depreciation Depletion And Amortization And Valuation Provisions
ResultsOfOperationsDepreciationDepletionAndAmortizationAndValuationProvisions
61965000 USD
CY2010 us-gaap Results Of Operations Depreciation Depletion And Amortization And Valuation Provisions
ResultsOfOperationsDepreciationDepletionAndAmortizationAndValuationProvisions
38600000 USD
CY2010 us-gaap Results Of Operations Income Before Income Taxes
ResultsOfOperationsIncomeBeforeIncomeTaxes
57456000 USD
CY2012 us-gaap Results Of Operations Income Before Income Taxes
ResultsOfOperationsIncomeBeforeIncomeTaxes
104663000 USD
CY2011 us-gaap Results Of Operations Income Before Income Taxes
ResultsOfOperationsIncomeBeforeIncomeTaxes
119758000 USD
CY2012 us-gaap Results Of Operations Income Tax Expense
ResultsOfOperationsIncomeTaxExpense
26363000 USD
CY2010 us-gaap Results Of Operations Income Tax Expense
ResultsOfOperationsIncomeTaxExpense
40000 USD
CY2011 us-gaap Results Of Operations Income Tax Expense
ResultsOfOperationsIncomeTaxExpense
-90000 USD
CY2011 us-gaap Results Of Operations Oil And Gas Producing Activities Net Income Excluding Corporate Overhead And Interest Costs
ResultsOfOperationsOilAndGasProducingActivitiesNetIncomeExcludingCorporateOverheadAndInterestCosts
119848000 USD
CY2012 us-gaap Results Of Operations Oil And Gas Producing Activities Net Income Excluding Corporate Overhead And Interest Costs
ResultsOfOperationsOilAndGasProducingActivitiesNetIncomeExcludingCorporateOverheadAndInterestCosts
78300000 USD
CY2010 us-gaap Results Of Operations Oil And Gas Producing Activities Net Income Excluding Corporate Overhead And Interest Costs
ResultsOfOperationsOilAndGasProducingActivitiesNetIncomeExcludingCorporateOverheadAndInterestCosts
57416000 USD
CY2010 us-gaap Results Of Operations Production Or Lifting Costs
ResultsOfOperationsProductionOrLiftingCosts
31580000 USD
CY2011 us-gaap Results Of Operations Production Or Lifting Costs
ResultsOfOperationsProductionOrLiftingCosts
47230000 USD
CY2012 us-gaap Results Of Operations Production Or Lifting Costs
ResultsOfOperationsProductionOrLiftingCosts
53708000 USD
CY2012 us-gaap Results Of Operations Revenue From Oil And Gas Producing Activities
ResultsOfOperationsRevenueFromOilAndGasProducingActivities
248601000 USD
CY2010 us-gaap Results Of Operations Revenue From Oil And Gas Producing Activities
ResultsOfOperationsRevenueFromOilAndGasProducingActivities
127636000 USD
CY2011 us-gaap Results Of Operations Revenue From Oil And Gas Producing Activities
ResultsOfOperationsRevenueFromOilAndGasProducingActivities
228953000 USD
CY2011Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
24547000 USD
CY2012Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
92918000 USD
CY2012 us-gaap Revenues
Revenues
248926000 USD
CY2010 us-gaap Revenues
Revenues
127921000 USD
CY2011 us-gaap Revenues
Revenues
229254000 USD
CY2012Q2 us-gaap Revenues
Revenues
66325000 USD
CY2012Q1 us-gaap Revenues
Revenues
65461000 USD
CY2011Q2 us-gaap Revenues
Revenues
55589000 USD
CY2012Q4 us-gaap Revenues
Revenues
56603000 USD
CY2011Q1 us-gaap Revenues
Revenues
46638000 USD
CY2011Q3 us-gaap Revenues
Revenues
58081000 USD
CY2011Q4 us-gaap Revenues
Revenues
68946000 USD
CY2012Q3 us-gaap Revenues
Revenues
60537000 USD
CY2011 us-gaap Revisions Of Previous Quantity Estimates
RevisionsOfPreviousQuantityEstimates
-112553000 USD
CY2010 us-gaap Revisions Of Previous Quantity Estimates
RevisionsOfPreviousQuantityEstimates
-89155000 USD
CY2012 us-gaap Revisions Of Previous Quantity Estimates
RevisionsOfPreviousQuantityEstimates
-10504000 USD
CY2012 us-gaap Sales And Transfers Of Oil And Gas Produced Net Of Production Costs
SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts
194893000 USD
CY2010 us-gaap Sales And Transfers Of Oil And Gas Produced Net Of Production Costs
SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts
96056000 USD
CY2011 us-gaap Sales And Transfers Of Oil And Gas Produced Net Of Production Costs
SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts
181723000 USD
CY2011 us-gaap Share Based Compensation
ShareBasedCompensation
772000 USD
CY2012 us-gaap Share Based Compensation
ShareBasedCompensation
2813000 USD
CY2010 us-gaap Share Based Compensation
ShareBasedCompensation
295000 USD
CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
0 shares
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
0 shares
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
19334 shares
CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
0.00
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
26.81
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
0.00
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
196832 shares
CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
111667 shares
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
153332 shares
CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
12.94
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
35.87
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
31.15
CY2011Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
203348 shares
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
245831 shares
CY2009Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
60244 shares
CY2010Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
113386 shares
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
31.88
CY2009Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
6.01
CY2010Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
11.72
CY2011Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
26.02
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
135015 shares
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
63370 shares
CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
58525 shares
CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
8.17
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
29.59
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
12.87
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
335241 shares
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
6.37
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
628000 USD
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
2308000 USD
CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
545000 USD
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
0 shares
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
0 shares
CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
1500 shares
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
0.00
CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
2.00
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
0.00
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
0 shares
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
0 shares
CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
0 shares
CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0.00
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0.00
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0.00
CY2009Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
2192000 USD
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
10678000 USD
CY2011Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
8172000 USD
CY2010Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
6621000 USD
CY2009Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
508630 shares
CY2011Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
356241 shares
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
335241 shares
CY2010Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
458241 shares
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
6.37
CY2011Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
6.51
CY2009Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
7.14
CY2010Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
7.23
CY2011 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
9.74
CY2012 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
8.80
CY2010 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
6.46
CY2012Q4 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
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CY2012Q4 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
335241 shares
CY2012Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
10678000 USD
CY2012 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P2Y4M21D
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P5Y4M17D
CY2010 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4Y5M23D
CY2011 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P3Y4M28D
CY2012 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P2Y4M21D
CY2011 us-gaap Standardized Measure Of Discounted Future Net Cash Flow Of Proved Oil And Gas Reserves Period Increase Decrease
StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesPeriodIncreaseDecrease
61194000 USD
CY2012 us-gaap Standardized Measure Of Discounted Future Net Cash Flow Of Proved Oil And Gas Reserves Period Increase Decrease
StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesPeriodIncreaseDecrease
-28040000 USD
CY2010 us-gaap Standardized Measure Of Discounted Future Net Cash Flow Of Proved Oil And Gas Reserves Period Increase Decrease
StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesPeriodIncreaseDecrease
74713000 USD
CY2011 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
102000 shares
CY2012 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
21000 shares
CY2010 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
48889 shares
CY2011 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
306161000 USD
CY2010 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
21358000 USD
CY2012 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
426907000 USD
CY2012 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
0 USD
CY2012 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
184000 USD
CY2010 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
315000 USD
CY2011 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
993000 USD
CY2011Q4 us-gaap Stockholders Equity
StockholdersEquity
632350000 USD
CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
1126408000 USD
CY2010Q4 us-gaap Stockholders Equity
StockholdersEquity
211056000 USD
CY2009Q4 us-gaap Stockholders Equity
StockholdersEquity
125051000 USD
CY2012Q4 us-gaap Temporary Equity Shares Authorized
TemporaryEquitySharesAuthorized
30000 shares
CY2012Q4 us-gaap Unamortized Loan Commitment And Origination Fees And Unamortized Discounts Or Premiums
UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums
9388000 USD
CY2011Q4 us-gaap Unamortized Loan Commitment And Origination Fees And Unamortized Discounts Or Premiums
UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums
1495000 USD
CY2012 us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
29400000 USD
CY2010 us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
13966000 USD
CY2011 us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
26333000 USD
CY2011Q4 us-gaap Temporary Equity Shares Authorized
TemporaryEquitySharesAuthorized
30000 shares
CY2012 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Use of Estimates</font></div><div style="line-height:120%;padding-top:6px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates, judgments and assumptions that affect the reported amounts of assets and liabilities as of the date of the financial statements and revenues and expenses during the reporting period. Actual results could differ materially from those estimates. Significant estimates with regard to these financial statements include the estimate of proved oil and gas reserve quantities and the related present value of estimated future net cash flows there from, the amount and timing of asset retirement obligations, the realization of deferred tax assets and the realization of future net operating loss carryforwards available as reductions of income tax expense. The estimate of the Company&#8217;s oil and gas reserves is used to compute depletion, depreciation, amortization and impairment of oil and gas properties.</font></div></div>
CY2010 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
392902 shares
CY2012 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
484134 shares
CY2011 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
452123 shares
CY2012 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
56417488 shares
CY2011 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
49206963 shares
CY2010 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
44256092 shares
CY2011 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
48754840 shares
CY2012 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
55933354 shares
CY2010 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
43863190 shares
CY2012 us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
1143000 USD
CY2011 us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
0 USD
CY2012 gpor Accounts Receivable Collection Period
AccountsReceivableCollectionPeriod
P30D
CY2012 gpor Affiliates Participation In Acquisition Ratio
AffiliatesParticipationInAcquisitionRatio
0.5
CY2011 gpor Capitalized General And Administrative Costs
CapitalizedGeneralAndAdministrativeCosts
5368000 USD
CY2012 gpor Capitalized General And Administrative Costs
CapitalizedGeneralAndAdministrativeCosts
9068000 USD
CY2010 gpor Capitalized General And Administrative Costs
CapitalizedGeneralAndAdministrativeCosts
4117000 USD
CY2010 gpor Capitalized Stock Based Compensation
CapitalizedStockBasedCompensation
197000 USD
CY2011 gpor Capitalized Stock Based Compensation
CapitalizedStockBasedCompensation
515000 USD
CY2012 gpor Capitalized Stock Based Compensation
CapitalizedStockBasedCompensation
1875000 USD
CY2011Q4 gpor Certificates Of Deposit Securing Letter Of Credit
CertificatesOfDepositSecuringLetterOfCredit
275000 USD
CY2012Q4 gpor Certificates Of Deposit Securing Letter Of Credit
CertificatesOfDepositSecuringLetterOfCredit
275000 USD
CY2011Q4 gpor Deferred Tax Assets Non Oil And Gas Property Basis Difference
DeferredTaxAssetsNonOilAndGasPropertyBasisDifference
103000 USD
CY2012 gpor Change In Production Rates And Other
ChangeInProductionRatesAndOther
68376000 USD
CY2010 gpor Change In Production Rates And Other
ChangeInProductionRatesAndOther
17309000 USD
CY2011 gpor Change In Production Rates And Other
ChangeInProductionRatesAndOther
117342000 USD
CY2012Q1 gpor Class Of Warrant Or Right Expired
ClassOfWarrantOrRightExpired
8875 shares
CY2012Q4 gpor Contractual Obligation Unfunded Cotst In Excess Of Threshold
ContractualObligationUnfundedCotstInExcessOfThreshold
2000000 USD
CY2012 gpor Conversion Ratio Gas To Barrels Of Oil
ConversionRatioGasToBarrelsOfOil
6
CY2012 gpor Costs Incurred Recompletions Of Oil And Gas Properties
CostsIncurredRecompletionsOfOilAndGasProperties
24643000 USD
CY2011 gpor Costs Incurred Recompletions Of Oil And Gas Properties
CostsIncurredRecompletionsOfOilAndGasProperties
17259000 USD
CY2010 gpor Costs Incurred Recompletions Of Oil And Gas Properties
CostsIncurredRecompletionsOfOilAndGasProperties
16917000 USD
CY2011Q4 gpor Cumulative Capitalization Of General And Administrative Costs Incurred And Capitalized To Full Cost Pool
CumulativeCapitalizationOfGeneralAndAdministrativeCostsIncurredAndCapitalizedToFullCostPool
23494000 USD
CY2012Q4 gpor Cumulative Capitalization Of General And Administrative Costs Incurred And Capitalized To Full Cost Pool
CumulativeCapitalizationOfGeneralAndAdministrativeCostsIncurredAndCapitalizedToFullCostPool
32562000 USD
CY2011 gpor Debt Instrument Increase Decrease Accrued Interest
DebtInstrumentIncreaseDecreaseAccruedInterest
-132000 USD
CY2012 gpor Debt Instrument Increase Decrease Accrued Interest
DebtInstrumentIncreaseDecreaseAccruedInterest
4155000 USD
CY2012 gpor Debt Instrument Restrictive Covenants Maximum Ratio Of Funded Debt To Earnings Before Interest Taxes Depreciation Amortizations And Exploration Expenses
DebtInstrumentRestrictiveCovenantsMaximumRatioOfFundedDebtToEarningsBeforeInterestTaxesDepreciationAmortizationsAndExplorationExpenses
2
CY2012 gpor Debt Instrument Restrictive Covenants Minimum Ratio Of Earnings Before Interest Taxes Depreciation Amortizations And Exploration Expenses To Interest Expense
DebtInstrumentRestrictiveCovenantsMinimumRatioOfEarningsBeforeInterestTaxesDepreciationAmortizationsAndExplorationExpensesToInterestExpense
3
CY2010 gpor Deferred Income Tax Expense Benefit Including Discontinued Operations
DeferredIncomeTaxExpenseBenefitIncludingDiscontinuedOperations
-95000 USD
CY2011 gpor Deferred Income Tax Expense Benefit Including Discontinued Operations
DeferredIncomeTaxExpenseBenefitIncludingDiscontinuedOperations
-372000 USD
CY2012 gpor Deferred Income Tax Expense Benefit Including Discontinued Operations
DeferredIncomeTaxExpenseBenefitIncludingDiscontinuedOperations
24120000 USD
CY2012Q4 gpor Deferred Tax Asset Oil And Gas Property Basis Difference
DeferredTaxAssetOilAndGasPropertyBasisDifference
0 USD
CY2011Q4 gpor Deferred Tax Asset Oil And Gas Property Basis Difference
DeferredTaxAssetOilAndGasPropertyBasisDifference
0 USD
CY2010Q4 gpor Deferred Tax Asset Oil And Gas Property Basis Difference
DeferredTaxAssetOilAndGasPropertyBasisDifference
32054000 USD
CY2012Q4 gpor Deferred Tax Assets Investment In Noncontrolled Affiliates
DeferredTaxAssetsInvestmentInNoncontrolledAffiliates
0 USD
CY2011Q4 gpor Deferred Tax Assets Investment In Noncontrolled Affiliates
DeferredTaxAssetsInvestmentInNoncontrolledAffiliates
78000 USD
CY2010Q4 gpor Deferred Tax Assets Investment In Noncontrolled Affiliates
DeferredTaxAssetsInvestmentInNoncontrolledAffiliates
722000 USD
CY2012Q4 gpor Deferred Tax Assets Non Oil And Gas Property Basis Difference
DeferredTaxAssetsNonOilAndGasPropertyBasisDifference
0 USD
CY2010Q4 gpor Deferred Tax Assets Non Oil And Gas Property Basis Difference
DeferredTaxAssetsNonOilAndGasPropertyBasisDifference
279000 USD
CY2012Q4 gpor Deferred Tax Liabilities Non Oil And Gass Property Basis Difference
DeferredTaxLiabilitiesNonOilAndGassPropertyBasisDifference
227000 USD
CY2010Q4 gpor Deferred Tax Liabilities Non Oil And Gass Property Basis Difference
DeferredTaxLiabilitiesNonOilAndGassPropertyBasisDifference
0 USD
CY2011Q4 gpor Deferred Tax Liabilities Non Oil And Gass Property Basis Difference
DeferredTaxLiabilitiesNonOilAndGassPropertyBasisDifference
0 USD
CY2012Q4 gpor Deferred Tax Liability Oil And Gas Property Basis Difference
DeferredTaxLiabilityOilAndGasPropertyBasisDifference
15049000 USD
CY2010Q4 gpor Deferred Tax Liability Oil And Gas Property Basis Difference
DeferredTaxLiabilityOilAndGasPropertyBasisDifference
0 USD
CY2011Q4 gpor Deferred Tax Liability Oil And Gas Property Basis Difference
DeferredTaxLiabilityOilAndGasPropertyBasisDifference
35637000 USD
CY2012 gpor Delivered Percentage Of Production Under Fixed Price Swaps
DeliveredPercentageOfProductionUnderFixedPriceSwaps
0.46
CY2011 gpor Depletion Per Barrel Of Oil Equivalent
DepletionPerBarrelOfOilEquivalent
26.56 USD
CY2012 gpor Depletion Per Barrel Of Oil Equivalent
DepletionPerBarrelOfOilEquivalent
35.07 USD
CY2010 gpor Depletion Per Barrel Of Oil Equivalent
DepletionPerBarrelOfOilEquivalent
19.54 USD
CY2010 gpor Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves Future Production Taxes
DiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesFutureProductionTaxes
136323000 USD
CY2011 gpor Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves Future Production Taxes
DiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesFutureProductionTaxes
124739000 USD
CY2012 gpor Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves Future Production Taxes
DiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReservesFutureProductionTaxes
89175000 USD
CY2012Q4 gpor Employement Agreement Notice Period Allowed For Termination
EmployementAgreementNoticePeriodAllowedForTermination
P90D
CY2012Q4 gpor Employement Agreement Subsequent Extension
EmployementAgreementSubsequentExtension
P1Y
CY2012Q4 gpor Employement Agreement Term
EmployementAgreementTerm
P3Y
CY2012 gpor Foreign Currency Translation Gain Loss On Investment In Grizzly Oil Sands Ulc
ForeignCurrencyTranslationGainLossOnInvestmentInGrizzlyOilSandsUlc
1355000 USD
CY2011 gpor Foreign Currency Translation Gain Loss On Investment In Grizzly Oil Sands Ulc
ForeignCurrencyTranslationGainLossOnInvestmentInGrizzlyOilSandsUlc
-855000 USD
CY2010 gpor Foreign Currency Translation Gain Loss On Investment In Grizzly Oil Sands Ulc
ForeignCurrencyTranslationGainLossOnInvestmentInGrizzlyOilSandsUlc
1313000 USD
CY2012 gpor Foreign Currency Translation Gain Loss On Note Receivable Related Party
ForeignCurrencyTranslationGainLossOnNoteReceivableRelatedParty
USD
CY2011 gpor Foreign Currency Translation Gain Loss On Note Receivable Related Party
ForeignCurrencyTranslationGainLossOnNoteReceivableRelatedParty
-1085000 USD
CY2010 gpor Foreign Currency Translation Gain Loss On Note Receivable Related Party
ForeignCurrencyTranslationGainLossOnNoteReceivableRelatedParty
942000 USD
CY2012 gpor Future Development Costs Estimated To Be Spent In Year One
FutureDevelopmentCostsEstimatedToBeSpentInYearOne
82772000 USD
CY2012 gpor Future Development Costs Estimated To Be Spent In Year Three
FutureDevelopmentCostsEstimatedToBeSpentInYearThree
4335000 USD
CY2012 gpor Future Development Costs Estimated To Be Spent In Year Two
FutureDevelopmentCostsEstimatedToBeSpentInYearTwo
16416000 USD
CY2012 gpor Gas And Oil Area Reserve
GasAndOilAreaReserve
243000 acre
CY2011 gpor Gas Sales
GasSales
3838000 USD
CY2012 gpor Gas Sales
GasSales
3225000 USD
CY2010 gpor Gas Sales
GasSales
3468000 USD
CY2010 gpor Increase Decrease In Asset Retirement Obligation
IncreaseDecreaseInAssetRetirementObligation
-1253000 USD
CY2012 gpor Increase Decrease In Asset Retirement Obligation
IncreaseDecreaseInAssetRetirementObligation
-2271000 USD
CY2011 gpor Increase Decrease In Asset Retirement Obligation
IncreaseDecreaseInAssetRetirementObligation
-248000 USD
CY2011 gpor Interest Expense Debt Other
InterestExpenseDebtOther
29000 USD
CY2012 gpor Interest Expense Debt Other
InterestExpenseDebtOther
57000 USD
CY2012 gpor Interest Income Note Receivable
InterestIncomeNoteReceivable
2000 USD
CY2010 gpor Interest Income Note Receivable
InterestIncomeNoteReceivable
267000 USD
CY2011 gpor Interest Income Note Receivable
InterestIncomeNoteReceivable
147000 USD
CY2010 gpor Issuance Of Common Stock Through Exercise Of Warrants Value
IssuanceOfCommonStockThroughExerciseOfWarrantsValue
206000 USD
CY2010 gpor Natural Gas Liquids Sales
NaturalGasLiquidsSales
2818000 USD
CY2012 gpor Natural Gas Liquids Sales
NaturalGasLiquidsSales
2668000 USD
CY2011 gpor Natural Gas Liquids Sales
NaturalGasLiquidsSales
3090000 USD
CY2012 gpor Net Changes In Prices Production Costs And Development
NetChangesInPricesProductionCostsAndDevelopment
108941000 USD
CY2010 gpor Net Changes In Prices Production Costs And Development
NetChangesInPricesProductionCostsAndDevelopment
122147000 USD
CY2011 gpor Net Changes In Prices Production Costs And Development
NetChangesInPricesProductionCostsAndDevelopment
136071000 USD
CY2011Q3 gpor Number Of Financial Institutions
NumberOfFinancialInstitutions
4 financial_institution
CY2012 gpor Number Of Financial Institutions
NumberOfFinancialInstitutions
4 financial_institution
CY2012 gpor Number Of Purchasers
NumberOfPurchasers
2 purchaser
CY2011 gpor Oil And Condensate Sales
OilAndCondensateSales
222025000 USD
CY2012 gpor Oil And Condensate Sales
OilAndCondensateSales
242708000 USD
CY2010 gpor Oil And Condensate Sales
OilAndCondensateSales
121350000 USD
gpor Oil And Gas Property Full Cost Method Gross Period Decrease
OilAndGasPropertyFullCostMethodGrossPeriodDecrease
213000000 USD
CY2011Q4 gpor Plugging And Abandonment Escrow Account
PluggingAndAbandonmentEscrowAccount
3121000 USD
CY2012Q4 gpor Plugging And Abandonment Escrow Account
PluggingAndAbandonmentEscrowAccount
3113000 USD
CY2012Q4 gpor Prepaid Drilling Costs
PrepaidDrillingCosts
515000 USD
CY2011Q4 gpor Prepaid Drilling Costs
PrepaidDrillingCosts
228000 USD
CY2012 gpor Proved Developed And Undeveloped Reserve Increase Decrease In Reserves
ProvedDevelopedAndUndevelopedReserveIncreaseDecreaseInReserves
-12564 MBoe
CY2012 gpor Proved Developed And Undeveloped Reserve Revisions Of Previous Estimates
ProvedDevelopedAndUndevelopedReserveRevisionsOfPreviousEstimates
-442 MBoe
CY2012 gpor Results Of Operations Income Tax Expense Current
ResultsOfOperationsIncomeTaxExpenseCurrent
730000 USD
CY2010 gpor Results Of Operations Income Tax Expense Current
ResultsOfOperationsIncomeTaxExpenseCurrent
40000 USD
CY2011 gpor Results Of Operations Income Tax Expense Current
ResultsOfOperationsIncomeTaxExpenseCurrent
282000 USD
CY2012 gpor Results Of Operations Income Tax Expense Deferred
ResultsOfOperationsIncomeTaxExpenseDeferred
25633000 USD
CY2010 gpor Results Of Operations Income Tax Expense Deferred
ResultsOfOperationsIncomeTaxExpenseDeferred
0 USD
CY2011 gpor Results Of Operations Income Tax Expense Deferred
ResultsOfOperationsIncomeTaxExpenseDeferred
-372000 USD
CY2011Q1 gpor Right Of Refusal Period Allowed
RightOfRefusalPeriodAllowed
P6M
CY2012 gpor Share Based Compensation Arrangement By Share Based Payment Award Expiration Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardExpirationPeriod
P10Y
CY2011 gpor Total Costs Incurred In Oil And Gas Properties Acquisition And Development Activities
TotalCostsIncurredInOilAndGasPropertiesAcquisitionAndDevelopmentActivities
265654000 USD
CY2010 gpor Total Costs Incurred In Oil And Gas Properties Acquisition And Development Activities
TotalCostsIncurredInOilAndGasPropertiesAcquisitionAndDevelopmentActivities
100524000 USD
CY2012 gpor Total Costs Incurred In Oil And Gas Properties Acquisition And Development Activities
TotalCostsIncurredInOilAndGasPropertiesAcquisitionAndDevelopmentActivities
755926000 USD
CY2011Q4 gpor Total Other Assets
TotalOtherAssets
91947000 USD
CY2012Q4 gpor Total Other Assets
TotalOtherAssets
394779000 USD
CY2010 gpor Write Off Of Loan Commitment Fees
WriteOffOfLoanCommitmentFees
0 USD
CY2011 gpor Write Off Of Loan Commitment Fees
WriteOffOfLoanCommitmentFees
0 USD
CY2012 gpor Write Off Of Loan Commitment Fees
WriteOffOfLoanCommitmentFees
1143000 USD
CY2012 dei Amendment Flag
AmendmentFlag
false
CY2012 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2012 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2012 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
CY2012 dei Document Period End Date
DocumentPeriodEndDate
2012-12-31
CY2012 dei Document Type
DocumentType
10-K
CY2012 dei Entity Central Index Key
EntityCentralIndexKey
0000874499
CY2013Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
77339886 shares
CY2012 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2012 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2012Q2 dei Entity Public Float
EntityPublicFloat
1148840242.35 USD
CY2012 dei Entity Registrant Name
EntityRegistrantName
GULFPORT ENERGY CORP
CY2012 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2012 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2012Q3 invest Derivative Nonmonetary Notional Amount
DerivativeNonmonetaryNotionalAmount
3000
CY2012Q4 invest Derivative Nonmonetary Notional Amount
DerivativeNonmonetaryNotionalAmount
4000
CY2011Q4 invest Derivative Nonmonetary Notional Amount
DerivativeNonmonetaryNotionalAmount
2000
CY2012Q1 invest Derivative Nonmonetary Notional Amount
DerivativeNonmonetaryNotionalAmount
2000
CY2010Q4 invest Derivative Nonmonetary Notional Amount
DerivativeNonmonetaryNotionalAmount
2300
CY2010Q1 invest Derivative Nonmonetary Notional Amount
DerivativeNonmonetaryNotionalAmount
3000

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