| Component: (Network and Table) | |
|---|---|
| Network | 001000 - Statement - CONSOLIDATED BALANCE SHEETS (http://abraxaspetroleum.com/role/ConsolidatedBalanceSheets) |
| Table | (Implied) |
| Reporting Entity [Axis] | 0000867665 (http://www.sec.gov/CIK) |
| CONSOLIDATED BALANCE SHEETS [Abstract] | Period [Axis] | |
|---|---|---|
2011-12-31 | 2010-12-31 | |
CONSOLIDATED BALANCE SHEETS [Abstract] | ||
ASSETS | ||
Current assets: | ||
Cash and cash equivalents | 0 | 99,000 |
Accounts receivable: | ||
Joint owners | 3,354,000 | 5,145,000 |
Oil and gas production sales | 8,897,000 | 6,958,000 |
Other | 655,000 | 642,000 |
Total Accounts Receivables | 12,906,000 | 12,745,000 |
Derivative asset - current | 11,416,000 | 6,941,000 |
Assets held for sale | 0 | 8,457,000 |
Other current assets | 391,000 | 396,000 |
Total current assets | 24,713,000 | 28,638,000 |
Property and equipment: | ||
Oil and gas properties, full cost method of accounting: | ||
Proved | 490,908,000 | 434,858,000 |
Unproved properties excluded from depletion | 1,100,000 | 1,085,000 |
Other property and equipment | 33,783,000 | 11,536,000 |
Total | 525,791,000 | 447,479,000 |
Less accumulated depreciation, depletion, and amortization | (346,239,000) | (330,231,000) |
Total property and equipment, net | 179,552,000 | 117,248,000 |
Investment in joint venture | 26,215,000 | 24,027,000 |
Deferred financing fees, net | 3,490,000 | 3,494,000 |
Derivative asset - long-term | 6,412,000 | 8,674,000 |
Other assets including marketable securities | 768,000 | 828,000 |
Total assets | 241,150,000 | 182,909,000 |
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) | ||
Current liabilities: | ||
Accounts payable | 21,373,000 | 23,589,000 |
Joint interest oil and gas production payable | 5,835,000 | 3,000,000 |
Accrued interest | 209,000 | 277,000 |
Other accrued expenses | 284,000 | 779,000 |
Derivative liability - current | 11,640,000 | 9,742,000 |
Current maturities of long-term debt | 181,000 | 152,000 |
Total current liabilities | 39,522,000 | 37,539,000 |
Long-term debt - less current maturities | 126,258,000 | 140,940,000 |
Derivative liability - long-term | 4,307,000 | 11,672,000 |
Future site restoration | 8,412,000 | 7,734,000 |
Total liabilities | 178,499,000 | 197,885,000 |
Commitments and contingencies (Note 9) | xsi:nil | xsi:nil |
Stockholders' Equity (Deficit): | ||
Preferred stock, par value $.01 per share - authorized 1,000,000 shares; -0- shares issued and outstanding | 0 | 0 |
Common stock, par value $.01 per share - authorized 200,000,000 shares; issued and outstanding 76,427,561 and 92,261,057 | 923,000 | 764,000 |
Additional paid-in capital | 248,480,000 | 184,223,000 |
Accumulated deficit | (186,465,000) | (200,208,000) |
Accumulated other comprehensive (loss) income | (287,000) | 245,000 |
Total stockholders' equity (deficit) | 62,651,000 | (14,976,000) |
Total liabilities and stockholders' equity (deficit) | 241,150,000 | 182,909,000 |