7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 2017-06-30 2017-03-31 2016-12-31 2016-09-30 2015-12-31 2015-09-30 2015-06-30 2015-03-31 2014-09-30 2014-06-30 2014-03-31 2013-09-30 2013-06-30 2013-03-31 2012-09-30 2012-06-30 2012-03-31 2011-12-31 2011-09-30 2011-06-30 2011-03-31 2010-09-30 2010-06-30 2010-03-31 2009-12-31 2008-12-31 2008-09-30 2008-06-30 2008-03-31 2007-12-31 
      
    		                                                               
      assets
    		                                                               
      current assets:
    		                                                               
      cash and cash equivalents
    		31,648,000 25,856,000 33,576,000 8,933,000 34,356,000 7,778,000 32,468,000 8,195,000 12,952,000 14,805,000 6,073,000 2,528,000 9,129,000 1,471,000 3,335,000 9,519,000 2,006,000 4,843,000 2,729,000 1,428,000 1,803,000 1,838,000 8,512,000 16,068,000 1,901,000 2,794,000 3,944,000 2,358,000 112,965,907 200,924,143 89,472,745 102,183,000 6,776,667 3,808,829 5,518,799 6,486,000 3,319,021 3,390,389 7,042,258 3,390,389 3,390,389 8,049,167 14,252,184 8,108,950 11,868,598 18,095,437 8,482,166 8,234,566 25,171,675 3,834,888 6,279,587 8,265,649 77,379,376 99,705,160 39,486,949 70,167,911 1,153,583 6,233,372 780,716 6,772,167 12,367,173 1,967,740 10,112,660 
      accounts receivable
    		333,957,000 410,245,000 409,624,000 389,673,000 316,933,000 359,649,000 331,119,000 370,531,000 363,516,000 265,042,000 274,399,000 271,336,000 318,139,000 360,859,000 297,754,000 193,554,000 158,047,000 131,165,000 94,804,000 71,015,000 60,067,000 43,408,000 97,580,000  103,226,000 87,697,000 90,509,000  90,476,380 68,273,411 51,284,262  39,179,206 35,984,651 33,945,067                             
      advances to operators
    		24,251,000 24,641,000 10,586,000 12,291,000 18,153,000 21,685,000 6,794,000 49,210,000 25,431,000 34,249,000 40,985,000 8,976,000 13,133,000 13,868,000 18,536,000 6,319,000 5,137,000 433,000 431,000 476,000 714,000 788,000 567,000  1,314,000 1,425,000 43,000  2,552,490 416,002 3,023,851  1,211,517 1,631,987 1,178,400  1,733,051 1,689,879 2,002,713 1,689,879 1,689,879 869,485 855,736 608,471 1,666,129 1,640,014 3,137,738 4,050,511 7,023,970 12,546,787 17,530,474             
      prepaid expenses and other
    		6,816,000 6,517,000 5,076,000 5,271,000 12,111,000 2,651,000 2,566,000 2,489,000 2,567,000 2,488,000 2,328,000 2,014,000 2,293,000 2,987,000 2,111,000 3,417,000 2,393,000 2,705,000 2,455,000 1,420,000 1,697,000 2,204,000 2,216,000  2,717,000 8,226,000 12,182,000  17,960,647                2,160,026 2,800,560                  
      derivative instruments
    		129,169,000 109,281,000 52,904,000 46,525,000 100,797,000 19,569,000 36,710,000 75,733,000 65,160,000 68,674,000 72,156,000 35,293,000 34,000,000 3,610,000 1,720,000 2,519,000  518,000 2,005,000 51,290,000 119,468,000 156,436,000 245,552,000  62,531,000 32,531,000 18,578,000  61,637,192 43,644,644 26,796,245  2,622,120 14,935,836 3,671,684  7,212,947 64,611,558 87,881,527 64,611,558 64,611,558 3,849,629 45,110,007 167,302 22,692 2,504,212 573,873 4,005,611 17,732,562               
      income tax receivable
    		16,642,000 11,817,000 9,846,000 38,050,000 36,573,000 2,335,000 3,139,000 3,249,000  495,000  338,000          420,000 420,000  420,000 395,000 1,205,000  785,016 785,016 785,016  1,402,179 1,402,179 1,402,179                             
      total current assets
    		542,483,000 588,357,000 521,612,000 500,743,000 518,923,000 413,667,000 412,796,000 509,407,000 469,626,000 385,753,000 395,941,000 320,485,000 376,694,000 382,795,000 323,456,000 215,328,000 167,583,000 139,664,000 102,424,000 125,629,000 183,749,000 205,094,000 354,847,000 133,037,000 172,110,000 133,068,000 126,461,000 228,415,000 224,740,440 275,983,359 147,020,439 152,758,000 53,470,363 60,669,457 48,188,446 46,894,000 46,321,835 128,814,806 189,203,701 122,029,719 122,029,719 106,448,328 128,204,049 104,684,787 118,814,458 97,961,413 94,136,643 96,654,199 117,107,492 85,757,011 80,504,772 90,066,570 135,653,959 179,984,008 65,965,869 90,596,786 34,204,202 42,017,813 5,193,213 8,541,447 17,605,086 5,962,838 10,502,630 
      property and equipment:
    		                                                               
      oil and natural gas properties, full cost method of accounting
    		                                                               
      proved
    		11,174,354,000 10,850,664,000 10,566,985,000 10,307,376,000 9,524,785,000 9,111,493,000 8,877,966,000 8,428,518,000 8,135,649,000 7,422,732,000 7,019,244,000 6,492,683,000 5,931,821,000 5,626,474,000 5,492,966,000 5,034,769,000 4,804,687,000 4,638,415,000 4,431,977,000 4,393,533,000 4,344,346,000 4,300,151,000 4,265,534,000  4,043,897,000 3,607,214,000 3,511,605,000  3,001,638,590 2,754,032,103 2,641,517,632  2,527,686,215 2,487,266,816 2,456,816,317  2,392,372,802 2,336,757,089 2,308,144,736 2,336,757,089 2,336,757,089 2,005,625,094 1,880,157,218 1,728,444,854 1,476,511,245 1,362,425,608 1,250,775,445 1,051,333,841 939,211,344 717,342,914 566,195,321 400,904,005 267,625,123 202,071,631          
      unproved
    		74,704,000 35,307,000 42,825,000 42,702,000 23,006,000 37,654,000 34,507,000 36,785,000 36,827,000 44,977,000 41,846,000 41,565,000 57,775,000 53,864,000 55,606,000 24,998,000 24,656,000 21,347,000 9,621,000 10,031,000 10,328,000 10,681,000 10,846,000  11,145,000 9,249,000 6,997,000  1,236,986 1,829,834 1,578,767  2,204,991 1,939,789 1,704,682  4,822,789 10,007,529 15,341,573 10,007,529 10,007,529 71,275,756 72,738,526 68,880,470 85,059,046 81,616,025 91,818,469 104,910,316 98,102,110 141,627,217 137,784,903 146,459,279 185,767,402 157,678,911          
      other property and equipment
    		8,916,000 8,678,000 8,783,000 8,197,000 8,182,000 8,146,000 8,120,000 8,069,000 7,421,000 7,360,000 7,096,000 6,858,000 6,857,000 6,833,000 2,732,000 2,616,000 2,779,000 2,501,000 2,502,000 2,451,000 2,215,000 2,164,000 2,156,000  1,999,000 1,609,000 1,003,000  998,192 963,364 1,003,388  981,303 977,349 977,349  1,871,314 1,837,469 1,891,228 1,837,469 1,837,469 1,781,645 1,766,997 1,715,418 1,567,652 1,400,756 3,232,324 3,173,798 3,161,246 3,119,612 2,988,641 2,660,240 2,552,891 2,499,699 2,395,743 2,193,447 470,016 439,656 408,400 269,084 247,003 247,003  
      total property and equipment
    		11,257,974,000 10,894,649,000 10,618,593,000 10,358,275,000 9,555,973,000 9,157,293,000 8,920,593,000 8,473,372,000 8,179,897,000 7,475,069,000 7,068,185,000 6,541,106,000 5,996,453,000 5,687,171,000 5,551,304,000 5,062,383,000 4,832,122,000 4,662,263,000 4,444,100,000 4,406,015,000 4,356,889,000 4,312,996,000 4,278,536,000 1,748,593,000 4,057,041,000 3,618,072,000 3,519,605,000 1,202,745,000 3,003,873,768 2,756,825,301 2,644,099,787 473,220,000 2,530,872,509 2,490,183,954 2,459,498,348 376,208,000 2,399,066,905 2,348,602,087 2,325,377,537 2,348,602,087 2,348,602,087 2,078,682,495 1,954,662,741 1,799,040,742 1,563,137,943 1,445,442,389 1,345,826,238 1,159,417,955 1,040,474,700 862,089,743 706,968,865 550,023,524 455,945,416 362,250,241 207,826,518 158,378,503 120,067,760  56,088,967 39,798,371 20,900,777 14,999,696 7,628,834 
      less – accumulated depreciation, depletion and impairment
    		-6,318,690,000 -5,801,503,000 -5,480,999,000 -5,276,105,000 -5,075,954,000 -4,891,014,000 -4,715,097,000 -4,541,808,000 -4,391,261,000 -4,258,089,000 -4,152,245,000 -4,058,180,000 -3,981,393,000 -3,915,919,000 -3,861,759,000 -3,809,041,000 -3,767,613,000 -3,732,183,000 -3,701,715,000 -3,670,811,000 -3,533,887,000 -3,303,913,000 -2,504,735,000  -2,380,086,000 -2,324,790,000 -2,278,914,000  -2,185,892,937 -2,155,812,722 -2,133,433,050  -2,097,463,246 -2,082,243,816 -2,068,695,690  -2,043,702,564  -1,568,202,406 -1,759,281,704 -1,759,281,704                       
      other noncurrent assets
    		11,413,000 19,679,000 10,158,000 11,077,000 16,155,000 15,111,000 14,439,000 15,466,000 16,861,000 15,658,000 16,490,000 16,220,000 15,930,000 16,555,000 10,985,000 11,683,000 11,970,000 12,634,000 10,578,000 11,145,000 11,722,000 13,756,000 14,409,000  9,842,000 10,012,000 10,368,000  5,443,131 5,301,565 5,998,270  6,668,836 8,138,977 8,195,320  8,665,794   10,080,846 10,080,846                       
      total assets
    		5,494,189,000 5,702,493,000 5,674,614,000 5,603,822,000 5,055,327,000 4,724,664,000 4,633,801,000 4,484,255,000 4,304,666,000 3,664,749,000 3,342,866,000 2,875,178,000 2,471,476,000 2,192,235,000 2,024,469,000 1,522,866,000 1,244,062,000 1,091,810,000 873,243,000 872,089,000 1,025,524,000 1,263,273,000 2,237,386,000 1,905,465,000 1,902,009,000 1,494,391,000 1,395,779,000 1,503,645,000 1,068,949,402 883,082,503 664,470,446 632,254,000 494,365,880 481,305,903 449,244,727 431,533,000 410,372,136 733,945,448 1,001,236,168 721,430,948 721,430,948 1,796,574,655 1,734,182,649 1,598,047,200 1,452,735,780 1,352,562,790 1,263,731,481 1,135,215,576 1,073,597,565 869,807,816 725,593,919 595,971,749 555,282,115 514,427,833 261,784,360 240,874,456 148,549,202  62,875,539 51,285,555 38,333,728 20,909,888 18,131,464 
      liabilities and stockholders’ equity
    		                                                               
      current liabilities:
    		                                                               
      accounts payable
    		160,259,000 173,911,000 230,924,000 202,866,000 152,455,000 150,145,000 156,233,000 192,672,000 235,129,000 154,020,000 134,264,000 128,582,000 142,678,000 141,372,000 101,696,000 65,464,000 65,912,000 49,186,000 40,788,000 35,803,000 20,372,000 50,005,000 58,447,000  112,698,000 93,355,000 154,339,000  122,279,397 92,176,052 95,148,543  81,150,980 72,396,006 64,204,150  47,759,558 65,319,170 98,885,559 65,319,170 65,319,170 220,127,572 217,865,235 168,619,872 146,468,743 108,389,431 118,562,082 122,259,062 143,061,879 114,864,432 110,133,286 52,519,516 56,416,606 28,531,576 15,086,298 9,987,487 13,495,727 6,419,534 1,934,810 770,771 426,307 481,696 113,254 
      accrued liabilities and other
    		334,505,000 310,162,000                                                              
      total current liabilities
    		495,342,000 488,197,000 564,318,000 544,270,000 420,288,000 465,569,000 428,010,000 385,761,000 602,491,000 378,751,000 345,300,000 344,972,000 381,746,000 635,932,000 625,529,000 327,557,000 355,172,000 300,837,000 155,968,000 182,475,000 170,455,000 179,220,000 235,078,000 203,477,000 230,824,000 232,726,000 226,054,000 231,526,000 215,378,909 158,003,883 147,942,804 123,575,000 265,468,079 83,343,284 88,587,466 77,444,000 72,582,958 78,115,147 156,418,872 78,115,147 78,115,147 239,084,180 269,464,473 209,558,676 185,136,745 118,726,286 134,943,953 134,760,080 153,939,141 130,922,854 119,660,595 58,029,958 72,155,369 56,944,536 19,568,886 11,944,757 16,392,207  13,411,065 4,377,361 3,325,757 2,194,099 224,247 
      long-term debt
    		2,345,879,000 2,365,942,000 2,310,500,000 2,369,294,000 1,953,099,000 1,874,909,000 1,938,731,000 1,835,554,000 2,057,359,000 1,672,551,000 1,756,949,000 1,525,413,000 1,169,220,000 1,102,214,000 1,119,500,000 803,437,000 858,415,000 801,998,000 817,061,000 879,843,000 918,327,000 924,171,000 975,282,000 989,482,000 1,140,072,000 857,198,000 839,229,000 830,203,000 789,528,047 834,767,656 980,782,714 979,324,000 691,118,074 845,281,659 823,450,676  807,788,710   835,290,329 835,290,329                       
      deferred tax liability
    		263,247,000 298,749,000 274,684,000 228,038,000 210,738,000 112,870,000 71,249,000 68,488,000 7,291,000 30,528,000                             31,695,562   145,955,000 128,029,000 123,045,000 106,634,000 98,060,000 85,141,000 709,000 6,029,000 43,941,000 35,929,000 2,531,000      922,000      
      asset retirement obligations
    		49,354,000 48,376,000 46,975,000 45,907,000 42,867,000 41,409,000 39,899,000 38,203,000 36,799,000 34,780,000 32,905,000 31,582,000 29,913,000 28,678,000 27,815,000 25,865,000 27,106,000 26,176,000 18,884,000 18,366,000 17,891,000 17,526,000 17,198,000  16,582,000 12,845,000 12,364,000  497,129 483,365 550,443  577,886 507,943 586,821  243,698 188,770 212,269 188,770 188,770                       
      other noncurrent liabilities
    		1,898,000 2,023,000 2,148,000 2,272,000 2,391,000 2,509,000 2,625,000 2,741,000 2,847,000 2,944,000 3,042,000 2,045,000 2,116,000 2,186,000 2,304,000 3,110,000 4,349,000 3,490,000 26,000 50,000 126,000 199,000 273,000  417,000 329,000 381,000  112,835 120,298 127,761  141,152 146,313 151,473       4,824,408 4,428,584 4,042,107 2,129,018 1,891,210 1,758,894 1,422,683 1,291,844 1,112,271 959,366 744,106 681,133 563,127    243,888      
      total liabilities
    		3,249,791,000 3,289,474,000 3,272,533,000 3,283,387,000 2,741,825,000 2,656,357,000 2,631,822,000 2,436,578,000 2,896,873,000 2,248,952,000 2,294,799,000 2,129,917,000 1,762,379,000 2,039,585,000 2,059,771,000 1,307,731,000 1,401,773,000 1,260,027,000 1,053,926,000 1,095,393,000 1,109,255,000 1,122,544,000 1,228,379,000 1,346,822,000 1,387,894,000 1,104,742,000 1,083,019,000 1,073,780,000 1,057,739,429 1,030,902,761 1,153,246,930 1,123,094,000 964,970,306 936,776,875 919,335,025 918,955,000 886,432,594 931,547,562 1,029,577,891 919,033,062 919,033,062 1,128,264,048 1,124,724,284 984,819,036 851,870,683 729,107,226 667,069,764 569,839,763 515,357,985 359,760,805 229,023,864 101,473,064       13,411,065 4,377,361 3,325,757 2,194,099 224,247 
      commitments and contingencies
    		                                                               
      stockholders’ equity
    		                                                               
      common stock
    		500,000 500,000  501,000    503,000    487,000    479,000    448,000         334,210 293,600 65,938  63,822 63,822 63,383  63,030 63,120 61,601 63,120 63,120 61,027 61,030 60,984 61,797 63,808 63,784   63,504 63,330 63,155            
      additional paid-in capital
    		1,691,887,000 1,731,434,000  1,877,416,000    2,124,963,000    1,745,532,000    1,988,649,000    1,556,602,000         1,026,052,523 886,041,475 448,766,213  446,056,796 445,102,784 444,285,756  442,926,076 440,221,018 437,169,607 440,221,018 440,221,018 434,364,613 433,497,678 432,855,073 444,481,894 468,773,256 466,991,106   452,806,912 448,198,350 444,937,243      124,884,266 51,692,776 50,435,311 39,842,362 23,190,679 22,259,921 
      retained earnings
    		552,011,000 681,085,000  442,518,000                                  -637,886,252 -465,572,931  -637,886,252 233,884,967 175,899,657 180,312,107 156,321,406 154,618,500 129,606,827   57,176,595 48,370,684 49,751,472      841,892      
      acquisition deposit
    		  4,000,000  25,500,000 25,500,000  17,094,000  37,500,000  43,000,000 28,500,000 17,000,000  40,650,000  9,400,000 17,500,000  225,000 774,000    31,000,000   20,000,000                                   
      accrued liabilities
    		  273,435,000 290,792,000 237,244,000 215,833,000 161,507,000 147,943,000 154,882,000 178,783,000 162,066,000 121,737,000 114,850,000 127,613,000 137,593,000 105,590,000 100,443,000 91,724,000 72,667,000 68,673,000 70,203,000 54,216,000 101,302,000  90,114,000 83,880,000                                      
      accrued interest
    		  26,637,000 25,992,000 28,034,000 26,804,000 28,044,000 26,219,000 32,074,000 28,925,000 15,221,000 24,347,000 5,967,000 20,996,000 5,519,000 20,498,000 4,248,000 16,877,000 5,769,000 8,341,000 8,442,000 7,895,000 9,308,000  17,567,000 15,050,000 16,901,000  10,266,623 4,859,913 18,839,931  18,693,327 4,666,667 18,666,667  18,670,814 4,713,232 19,358,330 4,713,232 4,713,232 13,491,862 3,472,894 13,488,970 13,333,333 3,333,333 8,199,330 9,022,667                
      other current liabilities
    		  5,467,000 4,705,000 1,751,000 2,061,000 1,936,000 2,130,000 2,016,000 1,879,000 1,905,000 1,781,000 2,983,000 2,323,000 2,541,000 1,722,000 1,635,000 1,843,000 1,018,000 1,087,000 1,000,000 906,000 891,000  387,000 566,000 724,000                                     
      total stockholders’ equity
    		   2,320,435,000    2,047,676,000    745,260,000    215,135,000    -223,304,000    558,643,000     11,209,973          -28,341,723  -197,602,114 668,310,607 609,458,365 613,228,164 600,865,097 623,455,564 596,661,717   510,047,011 496,570,055             
      total liabilities and stockholders’ equity
    		   5,603,822,000    4,484,255,000    2,875,178,000                 1,068,949,402          1,001,236,168  721,430,948 1,796,574,655 1,734,182,649 1,598,047,200 1,452,735,780 1,352,562,790 1,263,731,481   869,807,816 725,593,919             
      contingent consideration
    		          3,931,000 10,107,000 1,859,000    242,000 513,000 618,000 493,000     10,058,000 36,992,000 37,160,000  8,334,160                                   
      retained deficit
    		       -77,790,000    -1,000,759,000    -1,773,996,000    -1,780,356,000         -1,015,176,760 -1,034,155,333 -937,608,635  -916,725,044 -900,637,578 -914,439,437  -919,049,564   -637,886,252                    -3,413,393 -4,285,212 -4,568,677  
      income tax payable
    		        2,051,000  353,000                                                     
      liabilities and stockholders' equity
    		                                                               
      preferred stock, par value 0.001; 5,000,000 authorized;zero shares outstanding at 12/31/20222,218,732 shares outstanding at 12/31/2021
    		                                                               
      preferred stock, par value .001; 5,000,000 shares authorized; 1,643,732 series a shares outstanding at 9/30/2022 2,218,732 series a shares outstanding at 12/31/2021
    		            2,000                                                   
      preferred stock, par value .001; 5,000,000 shares authorized; 1,643,732 series a shares outstanding at 6/30/2022 2,218,732 series a shares outstanding at 12/31/2021
    		             2,000                                                  
      preferred stock, par value .001; 5,000,000 shares authorized; 1,856,061 series a shares outstanding at 3/31/2022 2,218,732 series a shares outstanding at 12/31/2021
    		              2,000                                                 
      current portion of long-term debt
    		                   65,000,000 65,000,000 65,000,000 65,000,000                                         
      stockholders' equity
    		                                                               
      preferred stock, par value 0.001; 5,000,000 authorized2,218,732 shares outstanding at 12/31/20212,218,732 shares outstanding at 12/31/2020
    		               2,000                                                
      total liabilities and stockholders' equity
    		               1,522,866,000    872,089,000                  733,945,448              595,971,749       62,875,539 51,285,555 38,333,728 20,909,888 18,131,464 
      preferred stock, par value .001; 5,000,000 shares authorized; 2,218,732 series a shares outstanding at 9/30/2021 2,218,732 series a shares outstanding at 12/31/2020
    		                2,000                                               
      deferred income taxes
    		                        420,000 420,000 420,000  785,000 785,000 785,000                                 
      preferred stock, par value 0.001; 5,000,000 authorized2,218,732 shares outstanding at 12/31/20201,500,000 shares outstanding at 12/31/2019
    		                   2,000                                            
      balance sheet information:
    		                                                               
      assets:
    		                                                               
      liabilities:
    		                                                               
      debt exchange derivative
    		                         2,791,000 9,225,000  6,030,363 10,923,000                                  
      preferred stock, par value .001; 5,000,000 authorized, no shares outstanding
    		                                                               
      accrued expenses
    		                          1,823,000  6,334,045 5,916,909 6,607,642  10,041,145 5,772,668 4,721,006  5,201,185 7,893,975 6,266,474 7,893,975 7,893,975 4,933,500 3,016,337 2,479,401 3,493,161 2,253,743 1,062,778 2,769,351 4,848,262 1,112,942 131,012 2,960,868 1,440,211 439,790 2,358,824 1,938,696 676,376 316,977 1,270,075 3,296 3,885 15,175 110,993 
      total stockholders' equity
    		                           429,865,000    -490,841,000    -487,422,000  -197,602,114              494,498,685       49,464,474 46,908,194 35,007,971 18,715,789 17,907,217 
      prepaid and other incomes
    		                             5,584,787 2,454,565  2,278,674 2,905,975 2,472,317  1,200,717 892,867 983,612 892,867 892,867 1,792,569 1,735,379 1,063,734                    
      liabilities and stockholders’ deficit
    		                                                               
      stockholders’ deficit
    		                                                               
      total stockholders’ deficit
    		                             -147,820,258 -488,776,484  -470,604,426 -455,470,972 -470,090,298  -476,060,458   -197,602,114                        
      total liabilities and stockholders’ deficit
    		                             883,082,503 664,470,446  494,365,880 481,305,903 449,244,727  410,372,136   721,430,948                        
      revenues
    		                                                               
      oil, natural gas, and ngl sales
    		                             109,046,878 86,880,814                                 
      gain on derivative instruments
    		                             -42,202,788 -20,271,451  -12,663,253 16,513,032 16,960,883  3,381,564   -22,211,048                        
      other revenue
    		                             1,809 4,100  4,321 7,844 7,742  8,650   9,909                        
      total revenues
    		                             66,845,899 66,613,463  41,598,659 64,901,882 65,816,847  45,109,408   40,863,194                        
      operating expenses
    		                                                               
      production expenses
    		                             14,548,922 12,488,422  12,605,513 12,137,540 11,674,348  10,920,651   13,564,801                        
      production taxes
    		                             10,131,843 7,922,314  5,064,761 4,439,774 4,461,265  4,045,291   6,871,788                        
      general and administrative expenses
    		                             3,251,239 1,666,875  7,985,719 4,317,139 3,608,943                             
      depletion, depreciation, amortization and accretion
    		                             22,596,028 18,630,629  15,357,685 13,682,452 12,828,143  13,698,020   36,745,805                        
      total operating expenses
    		                             50,528,032 40,708,240  41,013,678                               
      income from operations
    		                             16,317,867 25,905,223  584,981 30,324,977 33,244,148  -29,473,638   -302,539,733                        
      other income
    		                             371,783 166,635  184 181 180  183   199                        
      interest expense, net of capitalization
    		                             -22,403,373 -23,106,761  -16,672,632 -16,428,164 -16,303,805  -16,145,440   -14,387,693                        
      write-off of debt issuance costs
    		                                 -95,135                              
      loss on the extinguishment of debt
    		                             -90,832,975                                  
      total other income
    		                             -112,864,565 -22,940,126  -16,672,448 -16,523,118 -16,303,625  -16,145,257   -14,387,494                        
      income before income taxes
    		                             -96,546,698 2,965,097  -16,087,467 13,801,859 16,940,523  -45,618,895   -316,927,227                        
      income tax benefit
    		                                       -66,866,610                        
      net income
    		                             -96,546,698 2,965,097  -16,087,467 13,801,859 16,940,523  -45,618,895   -250,060,617                        
      net income per common share – basic
    		                             -0.49 0.05  -0.26 0.22 0.28  -0.74   -4.12                        
      net income per common share – diluted
    		                             -0.49 0.05  -0.26 0.22 0.27  -0.74   -4.12                        
      weighted-average shares outstanding – basic
    		                             196,140,610 65,215,148  61,843,377 61,643,862 61,446,156  61,237,627   60,644,635                        
      weighted-average shares outstanding – diluted
    		                             196,140,610 65,382,772  61,843,377 61,885,952 61,972,123  61,237,627   60,644,635                        
      current maturities of long-term debt
    		                                155,000,000                               
      oil and gas sales
    		                                54,257,591 48,381,006 48,848,222  41,719,194   63,064,333                        
      impairment of oil and natural gas properties
    		                                    43,820,791   281,964,097                        
      total expenses
    		                                 34,576,905 32,572,699  74,583,046   343,402,927                        
      revolving line of credit
    		                                   144,000,000                            
      8% senior notes
    		                                   688,625,000  697,804,829 697,676,782   508,424,779 508,796,460 509,168,142                    
      trade receivables
    		                                    32,856,099 58,230,113 91,293,591 51,445,026 51,445,026 88,575,478 90,924,750 82,201,632 92,201,013 69,571,190 75,890,491 79,324,983 66,063,522 61,365,535 51,418,830 44,561,467 35,586,298 27,027,334 17,841,344 11,311,742 7,993,935 7,025,011 2,028,941 1,541,207 916,770 220,015  
      general and administrative expense
    		                                    2,098,293   4,256,436                        
      current assets
    		                                                               
      property and equipment
    		                                                               
      less - accumulated depreciation, depletion, and impairment
    		                                     -1,759,281,704                          
      debt issuance costs
    		                                     15,810,259 16,831,376   14,541,339 15,050,983 15,750,691 16,868,802  11,390,927 12,211,806 12,444,823 3,633,570 1,386,201 1,329,302 1,186,783 1,277,732 1,446,521 1,525,703 1,276,673 1,427,071      
      current liabilities
    		                                                               
      deferred taxes
    		                                                               
      long-term liabilities
    		                                                               
      revolving credit facility
    		                                     150,000,000 170,000,000   228,000,000 198,000,000 138,000,000 45,000,000  139,000,000 68,000,000  177,500,000 69,900,000 15,000,000            
      total long-term liabilities
    		                                     853,432,415 873,159,019   889,179,868 855,259,811 775,260,360 666,733,938 610,380,940 532,125,811 435,079,683 361,418,844 228,837,951 109,363,269 43,443,106 2,445,578 9,784,986          
      the accompanying notes are an integral part of these financial statements.
    		                                                               
      deferred tax asset
    		                                      31,695,562   3,312,000 20,436,000 12,702,000 10,896,000 3,350,000 5,061,000   6,625,000 4,472,000  6,203,000 11,884,000 863,000 863,000 863,000 2,057,000 1,433,000     
      less – accumulated depreciation and depletion
    		                                         -409,239,931 -363,735,124 -321,596,322 -247,019,968 214,952,621 188,793,939                 
      8% senior notes, net of accumulated amortization of bond premium of 588,496 at september 30, 2013 and 0 at december 31, 2012
    		                                            509,911,504                   
      debt issuance costs, net of accumulated amortization of 4,033,478 at june 30, 2013 and 2,872,598 at december 31, 2012
    		                                             16,310,025                  
      8% senior notes, net of accumulated amortization of bond premium of 216,814 at june 30, 2013 and 0 at december 31, 2012
    		                                             510,283,186                  
      prepaid expenses
    		                                              782,327 758,476 875,212 995,145 486,421 457,492 518,841 396,474 417,913 481,371 209,347 143,606 71,554 121,897 127,450  25,680 
      other current assets
    		                                              209,048 280,052 240,551 389,656 317,460 290,306 211,015 753,661 303,848 272,392 313,285 201,314    115,633  
      8% senior notes due 2020
    		                                              300,000,000 300,000,000 300,000,000               
      less - accumulated depreciation and depletion
    		                                               135,352,039 107,294,624 81,672,508 63,265,919 48,329,024 37,504,043 29,084,148 13,454,548 9,626,536 6,999,433 5,091,198 856,010 375,238 172,135 52,646  
      derivative liability
    		                                                 14,916,895 9,363,068  14,279,978 27,954,596 2,105,190  2,170,153 1,320,679      
      other liabilities
    		                                                 28,585 33,229 18,574 18,574 18,574 18,574 18,574 18,574 18,574 135,731     
      accumulated other comprehensive loss
    		                                                  -62,309 -253,185            
      short - term investments
    		                                                     24,866,660   17,483,941 24,903,476      
      preferred stock, par value.001; 5,000,000 authorized,
    		                                                               
      no shares outstanding
    		                                                               
      prepaid drilling costs
    		                                                   28,016,106 15,755,429 15,350,719 7,052,815 6,431,446 5,949,234 1,454,034 4,549 24,376 804,343  364,290 
      derivative asset
    		                                                   8,475,550    1,068,924    81,800    
      preferred stock, par value .001; 5,000,000authorized, no shares outstanding
    		                                                               
      oil and natural gas properties, full cost method (including unevaluated costs of
    		                                                               
      105,415,622 at 9/30/2010 and 53,862,529 at 12/31/2009)
    		                                                      205,430,775         
      line of credit
    		                                                        31,377 834,492 1,650,720     
      oil and natural gas properties, full cost method (including unevaluated cost of
    		                                                               
      86,422,227 at 6/30/2010 and 53,862,529 at 12/31/2009)
    		                                                       156,185,056        
      other receivables
    		                                                        237,877       
      69,531,236 at 3/31/10 and 53,862,529 at 12/31/2009)
    		                                                        119,597,744       
      long - term investments
    		                                                               
      subordinated notes
    		                                                         500,000      
      accumulated other comprehensive income
    		                                                         -2,210,620 -240,774 -147,749 -903,174 -141,074  
      * see note 2
    		                                                               
      other receivable
    		                                                          874,453     
      42,621,297 at 12/31/2008 and 7,587,511 at 12/31/2007)
    		                                                          55,680,567     
      long-term investments
    		                                                          2,416,369     
      accrued drilling costs
    		                                                          8,419,729 2,614,855 1,048,458   
      outstanding
    		                                                          34,121 34,025 32,282 28,901 28,696 
      accumulated deficit
    		                                                          -2,021,649     
      property and equipment, at cost
    		                                                               
      oil and natural gas properties, full cost method
    		                                                           39,529,287    
      available for sale securities
    		                                                           3,320,975    
      margin loan
    		                                                           988,439 999,907   
      short-term investments
    		                                                            3,389,350 3,659,450  
      16,592,550 at 6/30/08 and 7,587,511 at 12/31/2007)
    		                                                            20,653,774   
      derivative liabilities
    		                                                            847,200   
      additional paid in capital, shares to be issued
    		                                                            321,713   
      13,209,500 at 3/31/08 and 7,587,511 at 12/31/2007)
    		                                                             14,752,693  
      checks issued, not cashed
    		                                                             177,741  
      short term loan
    		                                                             1,519,487  
      obligations to issue stock
    		                                                             205,960  
      restricted cash
    		                                                               
      oil and natural gas properties – unproved, using full cost accounting:
    		                                                               
      leasehold interest – montana
    		                                                              1,366,966 
      leasehold interest – north dakota
    		                                                              3,417,738 
      leasehold interest - new york
    		                                                              2,802,807 
      total oil and natural gas properties – unproved
    		                                                              7,587,511 
      office equipment and furniture
    		                                                              41,323 
      other assets
    		                                                               
      deposit – msp leasehold
    		                                                               
      deposit – southfork leasehold
    		                                                               
      deposit – kntx shell
    		                                                               
      total other assets
    		                                                               
      investor subscriptions net of issuance costs
    		                                                               
      convertible notes payable
    		                                                               
      preferred stock, par value .001; 100,000 authorized, 0 outstanding
    		                                                               
      subscriptions receivable
    		                                                               
      deficit accumulated during exploration stage
    		                                                              -4,381,400 
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.