ZaZa Energy (ZAZA) 10-K 31 Mar 14 2013 FY Annual report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
	Dec. 31, 2013	Mar. 15, 2014	Feb. 28, 2014
Document and Entity Information	'	'	'
Entity Registrant Name	'ZaZa Energy Corp	'	'
Entity Central Index Key	'0001528393	'	'
Document Type	'10-K	'	'
Document Period End Date	31-Dec-13	'	'
Amendment Flag	'false	'	'
Current Fiscal Year End Date	'--12-31	'	'
Entity Well-known Seasoned Issuer	'No	'	'
Entity Voluntary Filers	'No	'	'
Entity Current Reporting Status	'Yes	'	'
Entity Filer Category	'Smaller Reporting Company	'	'
Entity Public Float	'	$32,217,331	'
Entity Common Stock, Shares Outstanding	'	'	107,646,147
Document Fiscal Year Focus	'2013	'	'
Document Fiscal Period Focus	'FY	'	'

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Current assets	'	'
Cash and cash equivalents	$15,186	$34,649
Restricted cash	11,500	21,875
Accounts receivable	1,822	1,354
Prepayments and other current assets	1,606	1,134
Total current assets	30,114	59,012
Property and equipment	'	'
Oil and gas properties, successful efforts method	51,387	151,828
Furniture and fixtures	1,843	2,947
Total property and equipment	53,230	154,775
Accumulated depletion, depreciation and amortization	-6,757	-4,705
Property and equipment, net	46,473	150,070
Assets held for sale	'	9,965
Other assets	8,089	4,066
Deferred taxes	2,866	'
Total assets	87,542	223,113
Current liabilities:	'	'
Accounts payable - trade	755	8,431
Accrued liabilities	5,918	12,200
Deferred income taxes	2,866	14,568
Senior Secured Notes, net of discount	10,177	'
Convertible Senior Notes, net of discount	'	25,298
Embedded conversion options associated with Convertible Senior Notes	'	21,382
Income taxes payable	855	3,658
Total current liabilities	20,571	85,537
Long-term accrued liabilities	14,740	53
Asset retirement obligations	306	130
Deferred income taxes	'	32,597
Long-term payable - related parties	4,128	4,128
Senior Secured Notes, net of discount	12,969	23,647
Convertible Senior Notes, net of discount	27,957	'
Subordinated Notes	47,330	47,330
Warrants associated with Senior Secured Notes	15,540	28,043
Embedded conversion options associated with Convertible Senior Notes	4,995	'
Total liabilities	148,536	221,465
Stockholders' equity (deficit):	'	'
Common stock, $0.01 par value, 250,000,000 shares authorized; 107,589,041 and 102,519,001 shares issued and outstanding at December 31, 2013 and 2012, respectively	1,076	1,025
Additional paid-in capital	109,636	104,639
Accumulated deficit	-171,613	-104,048
Accumulated other comprehensive income (loss)	-93	32
Total stockholders' equity (deficit)	-60,994	1,648
Total liabilities and stockholders' equity (deficit)	$87,542	$223,113

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Dec. 31, 2013	Dec. 31, 2012
CONSOLIDATED BALANCE SHEETS	'	'
Common shares, par value (in dollars per share)	$0.01	$0.01
Common shares, shares authorized	250,000,000	250,000,000
Common shares, shares issued	107,589,041	102,519,001
Common shares, shares outstanding	107,589,041	102,519,001

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (USD $)	12 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Revenues and other income:	'	'
Oil and gas revenues	$8,874	$9,583
Other income	'	195,569
Total revenues and other income	8,874	205,152
Operating costs, expenses and income:	'	'
Lease operating expense	2,127	3,602
Exploration expense	'	12,913
Depreciation, depletion, amortization, and accretion	3,615	6,662
Impairment of oil and gas properties	104,556	9,764
General and administrative	29,391	97,941
Gain on asset divestitures	-24,434	'
Total operating costs and expenses	115,255	130,882
Operating income (loss)	-106,381	74,270
Other expense (income)	'	'
Foreign currency exchange loss	11	65
Loss on extinguishment of debt	16,568	28,026
Interest expense, net	14,269	14,705
Gain on fair value of warrants	-23,394	-5,589
(Gain) loss on fair value of embedded conversion options	-16,387	8,199
Total other expense (income)	-8,933	45,406
Income (loss) from continuing operations before income taxes	-97,448	28,864
Income tax expense (benefit)	-32,985	82,920
Loss from continuing operations	-64,463	-54,056
Loss from discontinued operations, net of income taxes	-3,102	-52,171
Net loss	-67,565	-106,227
Basic loss per share:	'	'
Basic loss per share: Continuing operations (in dollars per share)	($0.62)	($0.55)
Basic loss per share: Discontinued operations (in dollars per share)	($0.03)	($0.53)
Total basic loss per share (in dollars per share)	($0.65)	($1.08)
Diluted loss per share:	'	'
Diluted loss per share: Continuing operations (in dollars per share)	($0.62)	($0.58)
Diluted loss per share: Discontinued operations (in dollars per share)	($0.03)	($0.53)
Total diluted loss per share (in dollars per share)	($0.65)	($1.11)
Weighted average shares outstanding:	'	'
Basic (in shares)	103,462	98,029
Diluted (in shares)	103,462	99,684
Consolidated Statements of Comprehensive Loss	'	'
Net loss	-67,565	-106,227
Foreign currency translation adjustments, net of taxes	-125	32
Comprehensive loss	($67,690)	($106,195)

CONSOLIDATED_STATEMENT_OF_CHAN

CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (USD $)	Total	Members' Equity	Common Stock	Additional Paid-in Capital	Accumulated Retained Earnings (Deficit)	Accumulated Other Comprehensive Income (Loss)
Balance at Dec. 31, 2011	$2,939,000	$2,939,000	'	'	'	'
Exchange of membership interests	'	-2,939,000	760,000	'	2,179,000	'
Exchange of membership interests (in shares)	'	'	75,977,000	'	'	'
Issuance of shares	88,374,000	'	265,000	88,109,000	'	'
Issuance of shares (in shares)	'	'	26,541,000	'	'	'
Comprehensive loss	-106,195,000	'	'	'	-106,227,000	32,000
Stock-based compensation cost	16,530,000	'	'	16,530,000	'	'
Balance at Dec. 31, 2012	1,648,000	'	1,025,000	104,639,000	-104,048,000	32,000
Balance (in shares) at Dec. 31, 2012	102,519,001	'	102,519,000	'	'	'
Issuance of shares	1,380,000	'	15,000	1,365,000	'	'
Issuance of shares (in shares)	'	'	1,500,000	'	'	'
Comprehensive loss	-67,690,000	'	'	'	-67,565,000	-125,000
Stock-based compensation cost	3,668,000	'	36,000	3,632,000	'	'
Stock-based compensation cost (in shares)	'	'	3,570,000	'	'	'
Balance at Dec. 31, 2013	($60,994,000)	'	$1,076,000	$109,636,000	($171,613,000)	($93,000)
Balance (in shares) at Dec. 31, 2013	107,589,041	'	107,589,000	'	'	'

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Cash flows from operating activities:	'	'
Net loss	($67,565)	($106,227)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:	'	'
Depreciation, depletion, amortization, and accretion	3,615	6,662
Loss on impairment of oil and gas properties	104,556	9,764
Exploration expense	'	12,913
Deferred income taxes	-32,820	47,165
Loss from discontinued operations	3,102	52,171
Amortization of deferred debt issuance costs and discount	4,907	5,003
Loss on extinguishment of debt	16,247	22,836
Unrealized gain on value of warrants	-23,394	-5,589
Unrealized (gain) loss on value of embedded conversion options	-16,387	8,199
Stock-based compensation expense	3,668	16,530
(Gain) loss on asset divestitures	-24,434	814
Gain on the Hess transaction	'	-195,527
Changes in operating assets and liabilities:	'	'
Restricted cash	6,875	111
Accounts receivable	-989	16,454
Prepayments and other assets	-680	1,281
Other assets	47	-90
Accounts payable and accrued liabilities	-9,956	-17,750
Cash provided by (used in) operating activities - continuing operations	-33,208	-125,280
Cash provided by (used in) operating activities - discontinued operations	-244	1,465
Net cash provided by (used in) operating activities	-33,452	-123,815
Cash flows from investing activities:	'	'
Cash acquired in connection with the merger	'	4,118
Proceeds from divestitures	66,546	64,745
Proceeds from the Hess transaction	'	83,892
Funds held for restricted use	'	-21,875
Capital expenditures	-47,382	-54,080
Cash provided by investing activities - continuing operations	19,164	76,800
Cash provided by investing activities - discontinued operations	'	45,792
Net cash provided by investing activities	19,164	122,592
Cash flows from financing activities:	'	'
Issuance of common stock	1,380	'
Issuance of convertible senior notes, net of cash discount	'	38,000
Issuance of senior secured notes	'	100,000
Payment of senior secured notes	-6,430	-66,800
Payment of debt issuance costs	'	-7,030
Payment of notes payable - members	'	-3,000
Payment of revolving line of credit	'	-5,000
Payment of Toreador notes	'	-31,754
Cash (used in) provided by financing activities	-5,050	24,416
Effects of foreign currency translation on cash and cash equivalents	-125	837
Net increase (decrease) in cash and cash equivalents	-19,463	24,030
Cash and cash equivalents, beginning of period	34,649	10,619
Cash and cash equivalents, end of period	15,186	34,649
Supplemental disclosures:	'	'
Cash paid during the period for interest	8,790	9,118
Cash paid during the period for income taxes	$3,075	$112

BASIS_OF_PRESENTATION

BASIS OF PRESENTATION	12 Months Ended
	Dec. 31, 2013
BASIS OF PRESENTATION	'
BASIS OF PRESENTATION	'
	NOTE 1 - BASIS OF PRESENTATION
	ZaZa Energy Corporation (“ZaZa” or the “Company”) was formed on August 4, 2011 as a holding company of both ZaZa Energy, LLC (“ZaZa LLC”) and Toreador Resources Corporation (“Toreador”) upon completion of an Agreement and Plan of Merger and Contribution, dated August 9, 2011, as amended (the “Combination”). On February 21, 2012, upon the Combination, ZaZa became the parent company of ZaZa LLC and Toreador. In these Notes to Consolidated Financial Statements, unless the context provides otherwise, “we,” “our,” “us” and like references refer to ZaZa, its two subsidiaries (ZaZa LLC and Toreador) and each of their respective subsidiaries.
	The Combination has been treated as a reverse merger under the purchase method of accounting in accordance with accounting principles generally accepted in the United States (“GAAP”). For accounting purposes, ZaZa LLC is considered to have acquired Toreador in the Combination. Under the purchase method of accounting, the assets and liabilities of Toreador have been recorded at their respective fair values and added to those of ZaZa LLC in our financial statements.
	The accompanying consolidated Balance Sheets as of December 31, 2013 and 2012 include the accounts of ZaZa Energy Corporation and all subsidiaries, including ZaZa LLC and Toreador.  The Statements of Operations and Comprehensive Loss and Stockholders’ and Members’ Equity and Cash Flows for each of the two years in the period ended December 31, 2013 and Notes to Consolidated Financial Statements include the results of our accounting predecessor, ZaZa LLC, through February 20, 2012 and all of our subsidiaries, including ZaZa LLC and Toreador, since February 21, 2012.  All figures presented are in thousands except share and per share data unless otherwise indicated.
	The accompanying consolidated financial statements were prepared following a reverse merger and are issued under the name of the legal parent (ZaZa) (the accounting acquiree) but are a continuation of the financial statements of the legal subsidiary (ZaZa LLC) (accounting acquirer), with one adjustment, which is to retroactively adjust the accounting acquirer’s legal capital to reflect the legal capital of the legal parent (the accounting acquiree).  Comparative information presented in those consolidated financial statements also is retroactively adjusted to reflect the legal capital of the legal parent (accounting acquiree).  Accordingly, the equity structure of the legal subsidiary (the accounting acquirer) is retroactively adjusted using the exchange ratio established in the Combination, to reflect the number of shares of the legal parent (the accounting acquiree) issued in the reverse merger.
	All material intercompany accounts and transactions have been eliminated in consolidation. Certain reclassifications have been made to the prior year financial statements to conform to the current year presentation.
	Combination of ZaZa LLC and Toreador Resources Corporation
	On February 21, 2012, we consummated the combination of ZaZa LLC and Toreador, on the terms set forth in the Agreement and Plan of Merger and Contribution, dated August 9, 2011, and as subsequently amended by Amendment No. 1 thereto on November 10, 2011 and Amendment No. 2 thereto on February 21, 2012 (as amended, the “Merger Agreement”), by and among us, ZaZa LLC, Toreador, and Thor Merger Sub Corporation, our wholly-owned subsidiary (“Merger Sub”).
	Pursuant to the Merger Agreement, (i) Merger Sub merged with and into Toreador (the “Merger”), with Toreador continuing as a surviving entity, (ii) the 3 former members of ZaZa LLC (the “ZaZa LLC Members”), holding 100% of the limited liability company interests in ZaZa LLC, directly and indirectly contributed all of such interests to us (the “Contribution”), and (iii) the holders of certain profits interests in ZaZa LLC contributed 100% of such interests to us (the “Profits Interests Contribution”). Upon the consummation of the Combination, Toreador and ZaZa LLC became our wholly-owned subsidiaries.
	At the effective time of the Merger, each share of common stock, par value $0.15625 per share, of Toreador issued and outstanding immediately prior to the effective time of the Merger was converted into the right to receive one share of ZaZa common stock, par value $0.01 per share (the “Common Stock”), which in the aggregate represented 25% of the issued and outstanding shares of Common Stock immediately after the consummation of the Combination (but without giving effect to the shares of Common Stock issuable upon exercise of the Warrants as discussed below).
	Immediately after the consummation of the Merger and Contribution, and pursuant to the Net Profits Interest Contribution Agreement, dated August 9, 2011, among ZaZa, ZaZa LLC and the holders of net profits interests in ZaZa LLC, the holders of certain profits interests in ZaZa LLC completed the Profits Interests Contribution in exchange for $4.8 million in cash.
	The fair value of the merger consideration was determined as follows (in thousands, except per share amounts):
	Shares of Toreador outstanding as of February 21, 2012	26,047
	Toreador share price as of February 21, 2012	$	5.18
	Total estimated purchase price	$	134,922
	The fair value of the merger consideration received by the Toreador stockholders was approximately $134.9 million in the aggregate. This amount has been allocated to Toreador’s tangible and intangible assets and liabilities based on an estimate of the fair value of Toreador’s assets and liabilities. The following is a summary of the value of the merger consideration and the fair value of the underlying assets and liabilities of Toreador (in thousands):
	Consideration exchanged (value of stock)	$	134,922
	Assets acquired:
	Cash	4,118
	Accounts receivable	3,000
	Other current assets	3,380
	Oil and gas properties	139,350
	Furniture and fixtures	950
	Other assets	533
	Total assets acquired:	151,331
	Liabilities assumed:
	Accounts payable	10,206
	Deferred lease payable	267
	Income taxes payable	925
	Long term liabilities	241
	Asset retirement obligations	4,513
	Long-term debt	31,754
	Deferred tax liability	9,168
	Total liabilities assumed:	57,074
	Net assets acquired	$	94,257
	Excess purchase price (i.e. goodwill)	$	40,665
	Pro Forma Results (unaudited)
	The following table provides pro forma results of operations as if the merger between ZaZa and Toreador had been completed at the beginning of 2012 (in thousands, except per share data):
		Year Ended
		December 31, 2012
	Total revenues	$	236,375
	Net income (loss)	$	(107,074	)
	Basic earnings (loss) per share	$	(1.09	)
	Diluted earnings (loss) per share	$	(1.11	)
	Sale of ZaZa Energy France SAS
	On November 13, 2012, the Company, through its wholly-owned subsidiary ZaZa France SAS (“Seller”), and Vermillion REP SAS (“Buyer”), a wholly owned subsidiary of Vermillion Energy Inc., entered into a Share Purchase Agreement (the “Purchase Agreement”) pursuant to which Seller sold to Buyer all of its shares in Seller’s wholly-owned subsidiary, ZaZa Energy France SAS, formerly Toreador Energy France SAS (“ZEF”).  On December 21, 2012, the Company completed the sale of 100% of the shares in ZaZa Energy France SAS to Vermillion REP SAS.
	Upon the closing, the net purchase price paid to Seller was approximately $76.0 million in cash following the application of certain closing adjustments required by the Purchase Agreement.  Following reductions for advisor fees, estimated liquidation costs and taxes, the net proceeds to the Company were approximately $68.0 million.  The Company used approximately half of the net proceeds to pay down a portion of the principal on its remaining Senior Secured Notes.  Additionally, as part of the Paris Basin Agreement signed with Hess Corporation (“Hess”) in July 2012 discussed in further detail below, $15.0 million of the sales proceeds were held in escrow until all exploration permits for the Paris Basin were successfully transferred to Hess.  The remaining net proceeds were used by the Company to fund its development program in the United States. On February 6, 2014, the escrow was released as further described in Note 19 - Subsequent Events.
	As a result of the consummation of the Purchase Agreement, we no longer have any meaningful operations or assets in connection with oil and gas operations in France. The Company anticipates solely focusing its efforts and resources on its oil and gas operations based in the United States.  After the sale of ZEF, we now operate under one segment.
	The results of operations of entities in France have been presented as discontinued operations in the accompanying consolidated statement of operations.  Results for these entities reported as discontinued operations from February 21, 2012 to December 21, 2012 and the year ended December 31, 2013 were as shown in the following table (in thousands).
					Period from
					February 21, 2012
		Year-ended			to
		December 31, 2013			December 31, 2012
	Oil revenues	$	—		$	27,861
	Operating loss	2,890			53,655
	Other (income) expenses	—			(719		)
	Loss on disposal of assets	—			787
	Income tax expense (benefit)	212			(1,552		)
	Loss from discontinued operations	$	3,102		$	52,171
	East Texas Joint Venture with EOG
	On March 21, 2013, we entered into a Joint Exploration and Development Agreement (the “JEDA”) with EOG Resources, Inc., (“our counterparty”) for the joint development of certain of our East Texas properties located in Walker, Grimes, Madison, Trinity, and Montgomery Counties, Texas.  Under this agreement and its subsequent amendments, we and our counterparty will jointly develop up to approximately 134,000 gross acres in East Texas.  Our counterparty will act as the operator and will pay us certain cash amounts, bear 100% of the drilling and completion costs of certain specified wells, and pay a portion of our share of any additional seismic or well costs in order to earn their interest in these properties.  Generally, ZaZa has retained a 25% working interest and our counterparty has earned a 75% working interest in the acreage.  This joint development was divided into three phases.
	The first phase commenced on April 2, 2013 and has been completed. In this phase we transferred approximately 20,000 net acres to our counterparty in exchange for a cash payment by our counterparty to us of $10 million and an obligation of our counterparty to drill and pay 100% of the drilling and completion costs of three wells.
	On September 25, 2013, ZaZa and its counterparty amended and restated the JEDA, which resulted in the following transactions being closed on October 15, 2013:
·      Phase II Acceleration.  Our counterparty accelerated Phase II of the joint venture, and we assigned approximately 20,000 net acres to our counterparty on October 15, 2013, in exchange for (i) cash consideration of $17 million and (ii) approximately $3 million of interests (based on an independent reserves report) in 15 producing wells of our counterparty located outside of the Area of Mutual Interest or “AMI” (established by the JEDA). Also, during Phase II, our counterparty will drill two horizontal wells and one vertical well in the parties’ AMI, carry ZaZa’s interests in those wells and provide a miscellaneous work and land carry of up to $1.25 million. Our counterparty may, however, elect to drill one or more vertical wells in order to achieve carry parity value for drilling horizontal wells. To complete its obligation in respect of the third well under Phase I of the JEDA, our counterparty paid for an additional $1.5 million of ZaZa’s costs for a vertical well and has provided a further $1.5 million cash payment to ZaZa.
·      Phase III Acceleration. Under the JEDA, ZaZa assigned on October 15, 2013 approximately 7,800 net acres from the former Phase III acreage for which ZaZa received approximately $11 million of interests (based on an independent reserves report) in the 15 producing wells of our counterparty (part of Phase II and referenced above). In addition, our counterparty had the option, until January 31, 2014, to acquire an interest in the remaining approximately 12,300 former Phase III net acres from ZaZa. As described below, our counterparty elected to acquire an interest in all of the remaining Phase III net acres.
·      Exchange of Leases and Wells.  Our counterparty has acquired approximately 19,000 additional net acres and interests in related wells in the parties’ Area of Mutual Interest, and has assigned to ZaZa a 25% working interest in these leases and wells. In consideration for ZaZa’s participation in our counterparty’s leases and producing wells, ZaZa assigned to our counterparty approximately 13,875 additional net acres and paid approximately $700,000 in cash.
On March 7, 2014, ZaZa entered into a further amendment to JEDA pursuant to which we agreed to assign to the counterparty approximately 9,600 net acres, which represents a 75% working interest in our remaining Phase III acreage, in exchange for cash consideration of approximately $4.7 million and the carry by the counterparty of our share of future drilling and completion costs in an aggregate amount up to approximately $9.2 million.  Additionally, the counterparty committed to drill two additional test wells, with drilling on the first of such wells to commence by July 1, 2014.
Also pursuant to the amendment and effective March 7, 2014, we and our counterparty agreed to terminate that certain Participation Agreement, effective as of March 1, 2012, by and between the Company and Range Texas Production, LLC (“Range”) (such agreement, as amended, the “Range Agreement”).  Range’s rights and obligations under the Range Agreement were assigned to, and assumed by, the counterparty pursuant to that certain Quitclaim Assignment and Bill of Sale, effective as of December 1, 2013, by and between Range and the counterparty.  The Range Agreement provided for the joint development by Range and the Company of oil and gas leases in the Eaglebine trend.  The joint development of such leases will now be governed by the JEDA.
Sale of Moulton Properties
On April 5, 2013 the Company closed a purchase and sale agreement and sold certain of its properties in the Eagle Ford trend located in Fayette, Gonzalez and Lavaca Counties, Texas, which we refer to as our Moulton properties, for approximately $9.2 million. Net proceeds from the sale, after closing purchase price adjustments and expenses were approximately $8.8 million. We used approximately $4.6 million of the proceeds to pay down our Senior Secured Notes.
We also entered into an agreement on June 27, 2013 to sell approximately 10,000 net acres of our properties in the Eagle Ford trend located in Fayette, Gonzalez and Lavaca Counties, Texas, including seven producing wells located on the Moulton properties, for approximately $28.8 million.  We closed this transaction on July 26, 2013 and received cash proceeds of $29.3 million. We used $1.8 million to pay down our Senior Secured Notes reducing the principal balance to $26.8 million.
Revenues and lease operating expenses attributable to the Moulton properties for the year-ended December 31, 2013 and 2012 were as follows (in thousands):
	2013			2012
Revenues	$	4,586		$	3,566
Lease operating expenses	609			736
The following supplemental pro forma information presents consolidated results of operations as if the Moulton sale had occurred on January 1, 2012.  The information does not purport to represent what the actual consolidated results of operations of the Company would have been had the transactions occurred on January 1, 2012, nor are they necessarily indicative of future consolidated results of operations (unaudited) (in thousands except per share data).
	2013			2012
Revenues	$	4,288		$	201,586
Operating income (loss)	(101,833		)	73,900
Net loss	(62,194		)	(103,248		)
Basic earnings (loss) per share	$	(0.60	)	$	(1.05	)
Diluted earnings (loss) per share	$	(0.60	)	$	(1.05	)
South Texas Joint Venture with Sabine
On September 17, 2013, ZaZa entered into an agreement with Sabine South Texas LLC (“Sabine”), a subsidiary of Sabine Oil & Gas LLC, for the joint development of a prospect in the Eagle Ford shale formation located in Lavaca and DeWitt Counties, Texas.  Under this agreement, Sabine agreed to jointly develop with us up to approximately 7,600 net acres that we owned and that comprised a portion of our interest in South Texas.  Sabine agreed to bear 100% of the drilling and completion costs of two commitment wells and up to $750,000 of construction costs related to gathering and infrastructure in order to earn a 75% working interest in 7,600 acres in the “Sweet Home Prospect,” which is in DeWitt and Lavara Counties, and a well that we refer to as the “Boening well”  Sabine also has agreed to carry up to $300,000 of ZaZa’s expenses related to the extension and renewal of certain leases in the Sweet Home Prospect.
Sabine completed the first commitment well on February 14, 2014 and ZaZa transferred to Sabine a 75% working interest in approximately 3,200 net acres and the Boening well.  Sabine completed the second commitment well on March 11, 2014, and ZaZa transferred to Sabine a 75% working interest in the remaining net acres.  Participating interests in any additional wells drilled or lease acreage acquired in the Sweet Home prospect will be shared 75% by Sabine and 25% by ZaZa under an area of mutual interest that will expire on September 15, 2015 (assuming affirmative elections to participate in such lease acreage acquisition(s)).

GOING_CONCERN

GOING CONCERN	12 Months Ended
	Dec. 31, 2013
GOING CONCERN	'
GOING CONCERN	'
	NOTE 2 — GOING CONCERN
	In connection with the audit of our financial statements for the year ended December 31, 2013, our independent registered public accounting firm issued their report dated March 31, 2014, that included an explanatory paragraph describing the existence of conditions that raise substantial doubt about our ability to continue as a going concern due to our dependency on the success of our 2014 drilling program with our joint-venture partners to generate sufficient cash flows to maintain positive liquidity.
	Our future crude oil and natural gas reserves and production, and therefore our cash flow and results of operations, are highly dependent on our success in efficiently developing and exploiting our current reserves and economically finding or acquiring additional recoverable reserves.  We intend to grow our reserves and production by further exploiting our existing property base through our joint-ventures in South and East Texas, with activity in any particular area to be a function of market and field economics.
	Without considering new production from our 2014 drilling program, we do not currently generate sufficient cash flows to maintain positive liquidity to fund debt service requirements throughout 2014.  We currently plan to initially limit our 2014 capital expenditures to our available cash on hand; however; we are carried for the costs to drill and complete approximately 8 gross (2 net) wells in South and East Texas.  These wells are expected to be drilled and completed by December 31, 2014.
	The Company’s Board of Directors and management team have taken and continue to take proactive steps to streamline and strengthen the Company’s balance sheet.  Over the next year, we expect to access the capital markets by issuing equity and debt securities to fund our cash needs and to accomplish the balance sheet initiative described in the section “Management’s discussion and analysis of financial condition and results of operations - liquidity and capital resources”. Any decision regarding a financing transaction, and our ability to complete such a transaction, will depend on prevailing market conditions and other factors.
	Over the next year, we intend to fund approximately $14.6 million in general and administrative expenses and $16.7 million in interest payments from cash currently on hand and net cash flows from operations. Our planned capital expenditures are limited to $0.4 million as we are carried for 8 gross wells and approximately $3.6 million in lease extensions. Also, on February 6, 2014, we reduced the outstanding principal amount of our Senior Secured Notes by $11.8 million to $15.0 million with previously restricted cash from the Hess escrow and $1.1 million in cash on hand.  We have no further obligations to reduce our debt in the year 2014. Additionally, as further described in Note 19 — Subsequent events, we received approximately $4.7 million in cash from our counterparty in March 2014.

AGREEMENTS_WITH_HESS_CORPORATI

AGREEMENTS WITH HESS CORPORATION	12 Months Ended
	Dec. 31, 2013
AGREEMENTS WITH HESS CORPORATION	'
AGREEMENTS WITH HESS CORPORATION	'
	NOTE 3— AGREEMENTS WITH HESS CORPORATION
	Overview
	In April 2010, ZaZa LLC entered into an agreement with Hess in which ZaZa LLC was to identify certain geographical areas in the Eagle Ford trend that were available for leasing and subsequently conduct exploration and production activities thereon. Hess was to pay all acquisition costs including ZaZa LLC’s interest until production up to $500 million.  As of the year ended December 31, 2012, approximately $366 million in leases had been acquired pursuant to this agreement.  After production, Hess was to retain a 90% working interest and ZaZa LLC, the operator, a 10% working interest. Hess also was to pay ZaZa LLC a 10% cash bonus per net acre for each lease purchased. The 10% cash bonus was recognized as revenue after the leases were obtained, title was cured and transferred to Hess, and recorded with the appropriate county.
	In connection with an Exploration and Development Agreement (Eagle Ford Shale Area), dated April 28, 2010 (“EDA”), entered into as part of the Hess joint venture, Hess periodically advanced non-interest bearing funds to ZaZa LLC to fund lease acquisitions, exploration and development activities, and reimbursed ZaZa LLC for certain general and administrative expenses incurred in performing these activities. The funds received related to lease acquisitions were deemed restricted as to use pursuant to the EDA until the lease was acquired. Hess also approved all exploration and development activities based on the underlying approved authorization for expenditures and advanced funds to ZaZa LLC for such activities, usually 30 days in advance of actual expenditures being incurred. The funds, once received, were commingled with ZaZa LLC’s own cash and were not restricted as to use. The amounts received by ZaZa LLC for lease acquisitions and exploration and development activities in excess of the amounts incurred to date were recorded as advances from joint interest owner in the accompanying consolidated balance sheets. Given the nature of the EDA arrangement to ZaZa LLC’s overall business activities, the cash flows from each of the above activities are presented as operating cash flows in the statements of cash flows for the year ended 2012.
	The EDA for the Hess joint venture required ZaZa LLC to operate the Hess joint venture properties during the first year of drilling, after which Hess had an election to take over operatorship.  This provision enabled ZaZa LLC to build an operating track record during this first year of drilling.  As operator of the Hess joint venture, ZaZa LLC successfully drilled and completed 18 Eagle Ford wells.
	Dissolution of the Hess Joint Venture
	Based on public announcements by Hess in the first quarter of 2012 that indicated they intended to pursue a drilling program in 2012-2013 that was slower than ZaZa LLC had anticipated, it became clear that Hess and ZaZa had different understandings about Hess’s obligations under the EDA relating to the joint venture.  Correspondence and communications relating to the disagreements between the parties led to the conclusion that it would be in the best interest of both parties to dissolve the joint venture and divide the combined assets.  These disagreements included overhead allocations and reimbursements, timing of the delivery of lease assignments and net acreage shortfalls (some of which disagreements are the subject of our claim against FLMK/Emerald Leasing discussed in Note 17 - Commitments and Contingencies), timing and amounts of payments, drilling obligations and drilling schedules, obligations to transfer undrilled acreage to ZaZa prior to lease expiration, and the interpretation of the other rights and obligations of the parties.
	As a result of their disagreements, ZaZa, ZaZa LLC, ZEF, Hess and Hess Oil France SAS (“Hess France”) entered into a Heads of Agreement (“HoA”) on June 8, 2012 that provided for the termination of the ongoing obligations of the parties under the EDA.  Additionally, the HoA terminated that certain Investment Agreement, dated May 10, 2010 (the “Paris Basin Investment Agreement”) by and between ZEF and Hess France.  The Paris Basin Investment Agreement addressed the development of the Paris Basin in France, but French governmental regulations had stalled progress under the agreement.
	In connection with the execution of the HoA, ZaZa LLC and Hess entered into an amendment to the EDA and the applicable joint operating agreements, to eliminate Hess’s obligation to carry the cost of certain wells under those agreements in exchange for a cash payment by Hess to ZaZa LLC of $15 million.  This $15 million was paid to ZaZa on June 8, 2012.  ZaZa LLC had the right under the amendment to reinstate Hess’s well-carry obligations at any time prior to September 28, 2012, if the EDA was still in effect, by paying Hess $15 million.  Given the uncertainty surrounding the EDA, the proceeds received were recognized as a deferred gain in the financial statements for the second quarter of 2012, contingent on the signing of definitive documentation.  The gain was recognized in the third quarter of 2012 in connection with the termination of the EDA.
	On July 25, 2012, the Company and its subsidiaries entered into definitive documentation to carry out the transactions contemplated by the HoA and consummated the transactions contemplated by the HoA and such definitive documentation.  The definitive documentation included the following:
	·                  A Texas Division of Assets Agreement, by and among the Company, ZaZa LLC and Hess, pursuant to which the ongoing obligations of ZaZa LLC and Hess under the agreements entered into with Hess regarding the Texas assets (the “Eagle Ford Agreements”), including funding for additional leases, well carry or carry for expenses, were terminated and the assets covered by the Eagle Ford Agreements were divided; and
	·                  A Paris Basin Purchase and Sale Agreement, by and among Hess France and ZEF, pursuant to which, following governmental approval, the ongoing obligations of the parties thereto under the agreements entered into with Hess regarding the French assets (the “French Agreements”), including funding for additional leases, well carry or carry for expenses, were terminated and the assets covered by the French Agreements were divided, in each case following regulatory approval which was obtained on September 19, 2012.
	Pursuant to the Texas Division of Assets Agreement and the Paris Basin Purchase and Sale Agreement (collectively, the “Hess Agreements”), ZaZa received the following:
	·                  Approximately $69 million in cash, in addition to the $15 million in the second quarter of 2012;
	·                  Approximately 60,500 additional net acres in the Eagle Ford trend;
	·                  The right to receive five percent of any net sales proceeds in excess of $1 billion and ten percent of any net sales proceeds in excess of $1.2 billion if Hess sells any of its retained working interest in the “Cotulla Prospect,” which lies in LaSalle, Frio, Zavala and Dimmit Counties in South Texas,  by May 1, 2013; and
	·                  A five percent overriding royalty interest (“ORRI”) in certain of Hess’s exploration licenses in the Paris Basin capped at $130 million.
	Pursuant to the Hess Agreements, Hess received the following:
	·                  Approximately 4,490 net acres in the Cotulla Prospect;
	·                  A two percent ORRI on the “Moulton Prospect” , which lies in Fayette, Gonzalez and Lavaca Counties in the south of Texas, and a one percent ORRI in the “Hackberry/Oakland Prospect,” which lies in Lavaca and Colorado Counties in the south of Texas, and the “Sweet Home Prospect,” which lies in DeWitt and Lavaca counties in the south of Texas; and
	·                  All rights and title to the exploration permits and pending permits in France (ZaZa retained all current production in France at the time from its operating concessions).
	Pursuant to the Hess Agreements, Hess had assigned to ZaZa certain claims that the joint venture had against various leasing contractors and brokers who had been paid for acreage but had neither delivered the acreage nor refunded the payments.  Hess was entitled to 50% of any cash proceeds received by ZaZa in its prosecution of these claims; however, ZaZa is entitled to all of the acreage delivered in kind by the leasing contractors/brokers. ZaZa LLC filed a lawsuit against certain lease brokers, consultants and law firms who were involved in the leasing of acreage for the company in DeWitt and Lavaca Counties, including Emerald Leasing LLC, FLMK Acquisition, LLC, John T. Lewis, Billy Marcum, Brad Massey, Max Smith, Randy Parsley, Timothy E. Malone, Heroux & Helton PLLC, and Whitaker Chalk Swindle & Schwartz PLLC.
	In connection with the division of assets, Hess France and ZEF also agreed to terminate the French Agreements.  The French Agreements provided the framework for a proof of concept program in the Paris Basin and the sharing on a 50-50 basis of the permits in certain areas in the Paris Basin.  As a result of recent legislation in France banning hydraulic fracturing, ZaZa’s plan to drill on the land had been adversely affected and the value of the French Agreements had declined.  The French Agreements were terminated as of October 1, 2012, following the receipt of the necessary governmental approvals to the transfer and division of the French assets contemplated by the Hess Agreement.
	The termination of agreements with Hess and the division of assets resulted in the following impact on 2012 financials: a gain of $195.6 million consisting of oil and gas property fair valued at $117 million, a write off of $5.4 million in working capital and cash proceeds of $84 million.  Property received consisted of producing wells and unproved acreage.  All receivables and payables related to Hess were written off.
	In addition, on July 25, 2012, ZaZa entered into a Waiver and Amendment No. 2 (“Amendment No. 2”) to the SPA (as described below), relating to our 8% senior secured notes due 2017 (the “Senior Secured Notes”).  Amendment No. 2 was a condition to obtaining the requisite consent of the holders of our Senior Secured Notes to the transactions contemplated by the Hess Agreements, and provided the following:
	·                  Consent rights for the holders of a majority of the Senior Secured Notes on all sales or joint venture transactions involving oil and gas properties, with certain carve-outs and requirements to apply a portion of net sales proceeds to pay down the Senior Secured Notes, until such time as the Senior Secured Notes have an outstanding principal amount of $25 million or less;
	·                  A provision that if the Senior Secured Notes had not been paid down to $35 million by February 21, 2013, the interest rate would have increased from 8% to 10% per annum;
	·                  A limit on additional debt incurrence of ZaZa to $50 million in reserve-based lending; and
	·                  A requirement that the Company engage an investment banker to assist the Company in securing a joint venture partner or partners for its assets in South Texas and East Texas, as well as to evaluate other strategic opportunities available to the Company (which such requirement was satisfied when we engaged Jefferies & Company, Inc. as our financial advisor in 2012).
	In addition, immediately following the closing of the transactions contemplated by the Hess Agreements, and as contemplated by Amendment No. 2, the Company paid down the outstanding principal amount of the Senior Secured Notes by $33.0 million and paid a $3.5 million associated fee.  We also recorded a charge of $11.7 million due to the write off of issuance costs and discount amount.
	On February 6, 2014, the Company entered into an agreement with Hess to address certain outstanding matters related to the dissolution of the prior joint ventures between Hess and the Company.  Under the agreement, Hess agreed to (a) direct the escrow agent to release the $15 million of restricted cash proceeds that had been held in escrow since 2012 and (b) terminate its right to receive any proceeds from litigation being pursued by ZaZa related to certain leases in the companies’ former Texas joint venture.  The agreement released approximately $11.5 million of the escrow proceeds to the Company and approximately $3.5 million to Hess.  The $3.5 million released to Hess was treated as a loss and included within discontinued operations.  Furthermore, the Company agreed to terminate overriding royalty interests in certain assets in the Paris Basin, France.  The parties also provided each other with mutual releases in respect of these matters.

SUMMARY_OF_SIGNIFICANT_ACCOUNT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2013
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
	NOTE 4 — SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	Use of Estimates
	The preparation of financial statements in conformity with United States generally accepted accounting principles requires us to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.
	Cash and Cash Equivalents
	The Company considers investments in all highly liquid instruments with original maturities of three months or less at date of purchase to be cash equivalents.
	Restricted Cash
	Restricted cash primarily consisted of funds held in escrow accounts relating to our Hess joint venture dissolution.
	Revenue Recognition
	The Company derives its oil and gas revenue primarily from the sale of produced oil and gas. The Company uses the sales method of accounting for the recognition of gas revenue whereby revenues, net of royalties are recognized as the production is sold to the purchaser. The amount of gas sold may differ from the amount to which the Company is entitled based on its working interest or net revenue interest in the properties. Revenue is recorded when title is transferred based on our nominations and net revenue interests. Pipeline imbalances occur when production delivered into the pipeline varies from the gas we nominated for sale. Pipeline imbalances are settled with cash approximately 30 days from date of production and are recorded as a reduction of revenue or increase of revenue depending upon whether we are over-delivered or under-delivered. Settlements of oil and gas sales occur after the month in which the product was produced. We estimate and accrue for the value of these sales using information available at the time financial statements are generated. Differences are reflected in the accounting period during which payments are received from the purchaser.
	Until the dissolution of the Hess joint venture agreements, the Company also derived bonus income revenue from a bonus on leasehold amounts that Hess agreed to participate in. The bonus amount was equal to 10% of the sum of all direct costs associated with acquiring the net mineral acres as defined in the EDA and was recognized after the leases were obtained, title was cured and transferred to Hess, and recorded with the appropriate county.
	Accounts Receivable
	Accounts receivable include oil and gas revenues, joint interest billing, and related parties’ receivables. Management periodically assesses the Company’s accounts receivable and establishes an allowance for estimated uncollectible amounts. Accounts determined to be uncollectible are charged to operations when that determination is made. The Company usually does not require collateral.
	Concentration of Credit Risk
	The Company maintains its cash balances at several financial institutions, which are insured by the Federal Deposit Insurance Corporation. The Company’s cash balances typically are in excess of the insured limit. This concentration may impact the Company’s overall credit risk, either positively or negatively, in that this entity may be similarly affected by changes in economic or other conditions. The Company has incurred no losses related to these accounts.
	Successful Efforts Method of Accounting for Oil and Gas Activities
	The Company accounts for its natural gas and crude oil exploration and production activities under the successful efforts method of accounting. Oil and gas lease acquisition costs are capitalized when incurred. Lease rentals are expensed as incurred. Oil and gas exploration costs, other than the costs of drilling exploratory wells, are charged to expense as incurred. The costs of drilling exploratory wells are capitalized pending determination of whether they have discovered proved reserves. Exploratory drilling costs are capitalized when drilling is complete if it is determined that there is economic producibility supported by either actual production or a conclusive formation test. If proved reserves are not discovered, such drilling costs are expensed. In some circumstances, it may be uncertain whether proved reserves have been found when drilling has been completed. Such exploratory well drilling costs may continue to be capitalized if the reserve quantity is sufficient to justify its completion as a producing well and sufficient progress in assessing the reserves and the economic and operating viability of the project is being made. Costs to develop proved reserves, including the costs of all development wells and related equipment used in the production of natural gas and crude oil, are capitalized. Unproved properties with individually significant acquisition costs are analyzed on a property-by-property basis for any impairment in value. If the unproved properties are determined to be productive, the appropriate related costs are transferred to proved oil and gas properties.
	The Company’s third party engineers estimate proved oil and gas reserves, which directly impact financial accounting estimates, including depreciation, depletion, and amortization. Our proved reserves represent estimated quantities of oil and condensate, natural gas liquids and gas that geological and engineering data demonstrate, with reasonable certainty, to be recovered in future years from known reservoirs under economic and operating conditions existing at the time the estimates were made. The process of estimating quantities of proved oil and gas reserves is very complex requiring significant subjective decisions in the evaluation of all available geological, engineering, and economic data for each reservoir. The data for a given reservoir may also change substantially over time as a result of numerous factors including, but not limited to, additional development activity, evolving producing history, and continual reassessment of the viability of production under varying economic conditions. Consequently, material revisions (upward or downward) to existing reserve estimates may occur from time to time.
	Depreciation, depletion, and amortization of the cost of proved oil and gas properties are calculated using the unit-of-production method. The reserve base used to calculate depreciation, depletion, and amortization for leasehold acquisition costs is the sum of proved developed reserves and proved undeveloped reserves. With respect to lease and well equipment costs, which include development costs and successful exploration drilling costs, the reserve base includes only proved developed reserves. Estimated future dismantlement, restoration, and abandonment costs, net of salvage values are taken into account.
	Unit-of-production rates are revised whenever there is an indication of a need, but at least annually. When circumstances indicate that an asset may be impaired, the Company compares expected undiscounted future cash flows at a producing field level to the amortized capitalized cost of the asset. If the future undiscounted cash flows, based on the Company’s estimate of future natural gas and crude oil prices, operating costs, anticipated production from proved reserves, and other relevant data, are lower than the amortized capitalized cost, the capitalized cost is reduced to fair value. Fair value is calculated by discounting the future cash flows at an appropriate risk-adjusted discount rate.
	Asset Retirement Obligations
	We follow ASC 410-20 which applies to obligations associated with the retirement of tangible long-lived assets that result from the acquisition, construction and development of the assets. ASC 410-20 requires that we record the fair value of a liability for an asset retirement obligation in the period in which it is incurred and a corresponding increase in the carrying amount of the related long-lived asset.
	Furniture and Fixtures
	Furniture and fixtures are stated at cost. Depreciation is calculated using the straight-line method over the assets’ estimated useful lives as follows:
	Office furniture and fixtures	5-Feb
	Computing equipment	5-Feb
	Other Assets
	Other assets consist of long term restricted deposits related to letters of credit with the Railroad Commission and other vendors, carrying values associated with our joint venture carried wells, and debt issuance costs.  In 2012, debt issuance costs related to the current portion of our Long-Term debt were included in other current assets.  At December 31, 2013 and 2012, debt issuance costs were $2.5 million and $7.0 million, and accumulated amortization was $0.5 million and $3.3 million, respectively. The costs are being amortized over the life of the associated debt.
	Income Taxes
	The Company follows the asset and liability method of accounting for income taxes. Under this method, deferred tax assets and liabilities are recorded for the estimated future tax consequences attributable to the differences between the financial carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using the tax rate in effect for the year in which those temporary differences are expected to reverse. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in the year of the enacted rate change.
	The Company records a valuation allowance to reduce deferred tax assets to the amount that is believed more likely than not to be realized. Management periodically assesses, by tax jurisdiction, the probability of recovery of recorded deferred tax assets based on its assessment of future earnings estimates. The Company considers estimates of future production, commodity prices and expenditures, future taxable income in determining the need for a valuation allowance.  Such estimates are inherently imprecise since many assumptions utilized in the assessments are subject to revision in the future. A valuation allowance is established to reduce deferred tax assets if it is more likely than not that the related tax benefits will not be realized.  In the event we were to determine that it is more likely than not that we will be unable to realize all or part of our deferred tax assets in the future, we would increase the valuation allowance and recognize a corresponding charge to earnings or other comprehensive income in the period in which we make such a determination. Likewise, if we later determine that we are more likely than not to realize the deferred tax assets, we would reverse the applicable portion of the previously recognized valuation allowance. In order for us to realize our deferred tax assets, we must be able to generate sufficient taxable income in the tax jurisdictions in which the deferred tax assets are located.
	The Company is required to make judgments, including estimating reserves for potential adverse outcomes regarding tax positions that the Company has taken. The Company accounts for uncertainty in income taxes using a recognition and measurement threshold for tax positions taken or expected to be taken in a tax return. Determining the income tax expense for potential assessments and recording the related effects requires management judgments and estimates. The amounts ultimately paid upon resolution of audits could be materially different from the amounts previously included in our income tax expense and, therefore, could have a material impact on our tax provision, net income and cash flows.
	The Company recognizes accrued interest related to uncertain tax positions in Interest expense and other and accrued penalties related to such positions in General and administrative expense in the Consolidated Statement of Operations.
	Foreign Currency Translation
	The United States dollar is the functional currency for all of ZaZa’s consolidated subsidiaries except for certain of its French subsidiaries, for which the functional currency is the Euro. For subsidiaries whose functional currency is deemed to be other than the United States dollar, asset and liability accounts are translated using the period-end exchange rates and revenues and expenses are translated at average exchange rates prevailing during the period. Translation adjustments are included in Accumulated Other Comprehensive Income (“AOCI”) on the Consolidated Balance Sheets. Any gains or losses on transactions or monetary assets or liabilities in currencies other than the functional currency are included in net income (loss) in the current period.
	Stock-based Compensation
	Stock-based compensation cost is measured at the date of grant, based on the fair value of the award, and is recognized as expense, generally on a straight line basis over the vesting period of the award.  Forfeitures are estimated at the time of grant and revised, if necessary, in subsequent periods to reflect actual forfeitures. Awards subject to vesting requirements for non-employees are fair valued each reporting period, final fair value being determined at the vesting date.
	Our policy is to issue new shares for the exercise of stock options, when restricted stock awards are granted, and at vesting of restricted stock units.  Stock grants are approved by the Compensation Committee. To date only restricted stock awards have been granted under the Long Term Incentive Plan (the “Plan”). Restricted stock awards granted under the Plan vest 33% per year. Stock awards granted as Short term Incentive awards can vest anywhere between immediately and one year.
	Correction of an Immaterial Error
	The Company revised its audited consolidated statement of cash flows for the year ended December 31, 2012 and unaudited consolidated statements of cash flows for the periods ended March 31, June 30 and September 30, 2012. While the Company concluded that the errors were not material in the context of the consolidated financial statements as a whole, it elected to correct the immaterial errors in the 2012 statement of cash flows to enhance comparability with amounts presented in the 2013 statement of cash flows.
	The revisions relate to discontinued operations within cash flows provided by / used in operating activities. After the revisions, loss from discontinued operations is separately disclosed as adjustments to reconcile net income to net cash provided by / used in operating activities on the consolidated statements of cash flows. The impact of the revisions which are limited to adjustments within operating cash flows and do not affect total cash flow from operating activities is presented in the table below (in thousands):
	Three months ended March 31, 2012 (unaudited)	Previously			Adjustments			As Adjusted
		reported
	Loss from discontinued operations	$	—		$	2,710		$	2,710
	Cash provided by (used in) operating activities - continuing operations	(57,189		)	2,710			(54,479		)
	Cash provided by (used in) operating activities - discontinued operations	$	(1,336	)	$	(2,710	)	$	(4,046	)
	Six months ended June 30, 2012 (unaudited)	Previously			Adjustments			As Adjusted
		reported
	Loss from discontinued operations	$	—		$	38,541		$	38,541
	Cash provided by (used in) operating activities - continuing operations	(87,891		)	38,541			(49,350		)
	Cash provided by (used in) operating activities - discontinued operations	$	38,525		$	(38,541	)	$	(16	)
	Nine months ended September 30, 2012 (unaudited)	Previously			Adjustments			As Adjusted
		reported
	Loss from discontinued operations	$	—		$	53,584		$	53,584
	Cash provided by (used in) operating activities - continuing operations	(133,647		)	53,584			(80,063		)
	Cash provided by (used in) operating activities - discontinued operations	$	62,283		$	(53,584	)	$	8,699
	Year ended December 31, 2012	Previously			Adjustments			As Adjusted
		reported
	Loss from discontinued operations	$	—		$	52,171		$	52,171
	Cash provided by (used in) operating activities - continuing operations	(177,451		)	52,171			(125,280		)
	Cash provided by (used in) operating activities - discontinued operations	$	53,636		$	(52,171	)	$	1,465
	The revisions do not impact our consolidated balance sheets, statements of operations and comprehensive income, changes in stockholders’ equity, net cash flows or earnings per share for the year ended December 31, 2012 or periods ended March 31, June 30 and September 30, 2012.
	Recent Accounting Standards
	In February 2013, the Financial Accounting Standards Board (the “FASB”) issued guidance on disclosure requirements for items reclassified out of accumulated other comprehensive income by component. This new guidance requires entities to present (either on the face of the income statement or in the notes) the effects on the line items of the income statement for amounts reclassified out of accumulated other comprehensive income. We adopted this pronouncement for our fiscal year beginning January 1, 2013. The adoption of this pronouncement did not have a material effect on our consolidated financial statements.
In December 2011, the FASB issued guidance on disclosure requirements about the nature of an entity’s right to offset and related arrangements associated with its financial instruments and derivative instruments. The new guidance requires the disclosure of the gross amounts subject to rights of set-off, amounts offset in accordance with the accounting standards followed, and the related net exposure. In January 2013, the FASB clarified that the scope of this guidance applies to derivatives, including bifurcated embedded derivatives, repurchase agreements and reverse repurchase agreements, and securities borrowing and securities lending transactions that are either offset or subject to an enforceable master netting arrangement, or similar agreements. We adopted this pronouncement for our fiscal year beginning January 1, 2013. The adoption of this pronouncement did not have a material effect on our consolidated financial statements.
In July 2013, the FASB issued ASU 2013-11, Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists (“ASU 2013-11”). ASU 2013-11 is effective for the first interim or annual period beginning on or after December 15, 2013 with early adoption permitted. ASU 2013-11 amends ASC Topic 740, Income Taxes, to provide guidance and reduce diversity in practice on the financial statement presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists.  Except for the changes in the balance sheet presentation, the initial application of the standard had no impact to the Company.
Accounting pronouncements not yet adopted
In March 2013, the FASB issued AUS 2013-05 to clarify the accounting for the release of cumulative translation adjustment into net income when a parent either sells a part or all of its investment in a foreign entity or no longer holds a controlling financial interest in a subsidiary or group of assets that is a nonprofit activity or a business within a foreign entity.  The new standard is effective for fiscal years, and interim periods within those fiscal years, beginning on or after December 15, 2013. We do not anticipate that this adoption will have a significant impact on our financial position, results of operations or cash flows.

EARNINGS_LOSS_PER_COMMON_SHARE

EARNINGS (LOSS) PER COMMON SHARE	12 Months Ended
	Dec. 31, 2013
EARNINGS (LOSS) PER COMMON SHARE	'
EARNINGS (LOSS) PER COMMON SHARE	'
	NOTE 5 — EARNINGS (LOSS) PER COMMON SHARE
	The following table reconciles the numerators and denominators of the basic and diluted income (loss) per common share computation:
		Year Ended December 31,
		2013			2012
		(In thousands, except per share data)
	Basic loss per share:
	Numerator:
	Loss from continuing operations	$	(64,463	)	$	(54,056	)
	Loss from discontinued operations, net	(3,102		)	(52,171		)
	Net loss	$	(67,565	)	$	(106,227	)
	Denominator:
	Weighted average common shares outstanding	103,462			98,029
	Basic loss per share:
	Continuing operations	$	(0.62	)	$	(0.55	)
	Discontinued operations	(0.03		)	(0.53		)
		$	(0.65	)	$	(1.08	)
	Diluted loss per share:
	Numerator:
	Loss from continuing operations	$	(64,463	)	$	(54,056	)
	Impact of assumed conversions on interest expense, net of income taxes	—			—
	Less: gain on fair value of warrants, net of tax	—			(3,633		)
		(64,463		)	(57,689		)
	Loss from discontinued operations, net	(3,102		)	(52,171		)
		$	(67,565	)	$	(109,860	)
	Denominator:
	Weighted average common shares outstanding	103,462			98,029
	Net warrants issued for secured debt under the treasury stock method	—		(a)	1,655
	Weighted average shares associated with convertible debt	—		(b)	—
	Unvested restricted stock	—		(c)	—
	Weighted average diluted shares outstanding	103,462			99,684
	Diluted loss per share:
	Continuing operations	$	(0.62	)	$	(0.58	)
	Discontinued operations	(0.03		)	(0.53		)
		$	(0.65	)	$	(1.11	)
	(a)                                 For the year ended December 31, 2013, the average ZaZa share price was lower than the exercise price of the warrants and therefore the anti-dilutive effect was not considered.
	(b)                                 For the year ended December 31, 2013 and 2012, the number of shares used in the calculation of diluted income per share did not include 16.0 million and 12.3 million common equivalent shares, respectively, from the embedded convertible options associated with the Convertible Senior Notes issued in October 2012, due to their anti-dilutive effect.
	(c)                                  For the year ended December 31, 2013, the number of shares used in the calculation of diluted income per share did not include 2.3 million unvested restricted common stock awards due to their anti-dilutive effect.  For the year ended December 31, 2012, the number of shares used in the calculation of diluted income per share did not include 155 thousand unvested restricted common stock awards due to their anti-dilutive effect.

BUSINESS_COMBINATIONS

BUSINESS COMBINATIONS	12 Months Ended
	Dec. 31, 2013
BUSINESS COMBINATIONS	'
BUSINESS COMBINATIONS	'
	NOTE 6 — BUSINESS COMBINATIONS
	As discussed in “Note 1 — Basis of Presentation”, we closed the JEDA with our counterparty on October 15, 2013. The JEDA was accounted for as a business combination using the acquisition method of accounting which required us to recognize and measure identifiable assets acquired and liabilities assumed at their fair value.
	The asset divestiture resulted in a gain of $25.3 million in the fourth quarter of 2013. We presented this gain in the consolidated statements of operations and comprehensive loss line item gain on asset divestiture. The gain is primarily driven by our low costs basis in non-producing leasehold transferred to our counterparty.  Acquisition related expenses were not material.
	The tables below show the consideration transferred, assets acquired, liabilities assumed and the resulting gain on asset disposition (in thousands).
	Consideration transferred:
	Oil and gas properties	$	33,031
	Asset retirement obligations	(134		)
	Total book value of consideration transferred	$	32,897
	Assets acquired:
	Cash	$	17,838
	Oil and gas properties	33,127
	Other assets — long term (a)	7,250
	Total assets acquired	$	58,215
	Liabilities assumed:
	Asset retirement obligations	$	61
	Total liabilities assumed	$	61
	Net assets acquired	$	58,154
	Gain on asset disposition	$	25,257
	(a)                                 The other assets long-term represent the fair value of our carried interests to drill and complete four wells and carried costs of $1.25 million related to miscellaneous work and land expenses.
	The Company measured fair value of oil and gas properties using comparable market data, a discounted future cash flow method, or a combination of the two. Significant Level 3 assumptions are used in the fair value determination and include management’s expectations of future production, commodity prices, operating and development costs, risk-adjusted discount rate and other relevant data.
	As of December 31, 2013, $1.25 million in costs related to miscellaneous work and land expenses have been incurred and were reclassified from other assets-long term to oil and gas properties. Additionally, $2.1 million in costs to drill and complete several exploratory wells have been incurred. Of this amount, $1.5 million was reclassified from other assets-long term to oil and gas properties and $0.6 million was not recognized on our balance sheet pending determination of proven reserves. Also refer to “Supplemental information to consolidated financial statements” for further details related to capitalized costs and costs incurred related to oil and gas activities.

INCOME_TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2013
INCOME TAXES	'
INCOME TAXES	'
	NOTE 7 —INCOME TAXES
	We are subject to income taxes primarily in the United States in 2013. The provision for taxes on income consists primarily of income taxes based on the tax laws and rates of the countries in which operations were conducted during the periods presented. We paid approximately $2.4 million in the second quarter of 2013 related to capital gains taxes from the wind up of our foreign subsidiaries that had been previously accrued.
	Upon the merger of ZaZa Energy LLC and Toreador in February of 2012, we assumed a net deferred tax liability of $9.2 million which consisted of deferred tax assets of $35 million due to Toreador NOLs offset by deferred tax liabilities of $44 million primarily related to historical step up of property, at the time of the Combination. As a result of events subsequent to the merger and based on the lack of positive evidence at the consolidated level, we recorded a valuation allowance to offset a portion of the deferred tax assets.
	The following table summarizes income tax expense (benefit) from continuing operations (in thousands).
		2013			2012
	Current income tax expense / (benefit):
	U.S. Federal	$	330		$	—
	U.S. State	525			642
	Foreign	(587		)	572
	Deferred income tax expense / (benefit):
	U.S. Federal	(32,711		)	82,162
	Foreign	(542		)	(456		)
	Total tax expense / (benefit)	$	(32,985	)	$	82,920
	The following table reconciles income tax expense/(benefit) at the U.S. federal statutory rate to the expense/(benefit) for income taxes (in thousands).
		2013			2012
	Statutory tax at 35%	$	(34,108	)	$	10,102
	(Gain) Loss on Warrants	(4,376		)	(1,956		)
	Unremitted earnings of foreign subsidiary	(20,674		)	20,674
	Deemed dividend	(5,538		)	10,795
	Uncertain tax position	16,400			—
	Adjustments to valuation allowance	8,281			37,048
	Foreign rate differential and other	7,030			6,257
	Total tax expense / (benefit)	$	(32,985	)	$	82,920
	The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities as of December 31, 2013 and 2012 is as follows (in thousands):
		December 31,
		2013			2012
	Net operating loss carryforward - United States	$	28,805		$	45,180
	Net operating loss carryforward - Foreign	2,400			1,864
	Oil and gas properties	10,894			—
	Merger costs	3,001			3,210
	Embedded conversion options associated with Convertible Senior Notes	—			2,870
	Other	3,095			161
	Deferred tax assets	48,195			53,285
	Valuation allowance	(45,329		)	(37,048		)
	Net deferred tax assets	$	2,866		$	16,237
	Oil and gas properties	—			42,429
	Unremitted earnings of foreign subsidiary	—			20,674
	Embedded conversion options associated with Convertible Senior Notes	2,866			—
	Other	—			299
	Deferred tax liabilities	2,866			63,402
	Net deferred tax liabilities	$	—		$	47,165
	At December 31, 2013, the Company had the following gross carryforwards available to reduce future taxable income (in thousands):
	Jurisdiction	Expiration		Amount
	United States	2026 — 2032		$	88,168
	Foreign	unlimited		$	6,857
	Realization of our deferred tax assets, specifically our net operating loss carryforwards depends on our ability to generate taxable income within the carryforward period. Due to uncertainty related to the Company’s ability to generate taxable income in the respective countries sufficient to realize all of our deferred tax assets we have recorded the following valuation allowances on our loss carryforwards and various deferred tax assets for the years ended December 31, 2013 and 2012 (in thousands):
		2013			2012
	United States	$	42,929		$	35,184
	France	2,400			1,864
		$	45,329		$	37,048
	ZaZa Energy Corporation and its subsidiaries file income tax returns in the United States and various local and foreign jurisdictions.  We are subject to income tax examinations in the United States for taxable years 2009 - 2013.
	The following is a tabular reconciliation of the total amounts of gross unrecognized tax benefits (in thousands):
		Year Ended December 31,
		2013			2012
	Balance at the beginning of period	$	—		$	—
	Gross increases - tax positions in current period	16,400			—
	Gross increases - tax positions in prior periods	—			—
	Settlement	—			—
	Lapse of statute of limitations	—			—
	Balance at the end of period	$	16,400		$	—
	As of December 31, 2013, the difference between the gross unrecognized tax benefits of $16.4 million and $14.7 million recorded on the balance sheet in long-term accrued liabilities (of which $14.3 million is related to unrecognized tax benefits) is due to $2.1 million available NOL that is netted against the uncertain tax position.
	Included in the balance of gross unrecognized tax benefits as of December 31, 2013, and 2012, are $16.4 million and zero, respectively, of tax benefits that, if recognized, would affect the effective tax rate.  At December 31, 2013, we are not able to reasonably estimate the period in which settlement related to the $16.4 million of uncertain tax positions could occur, if at all.
	The total amounts of interest and penalties recognized in the statement of operations and the total amounts of interest and penalties recognized in the statement of financial position are not material for the years ended December 31, 2013 and 2012.

FAIR_VALUE_MEASUREMENTS

FAIR VALUE MEASUREMENTS	12 Months Ended
	Dec. 31, 2013
FAIR VALUE MEASUREMENTS	'
FAIR VALUE MEASUREMENTS	'
	NOTE 8 — FAIR VALUE MEASUREMENTS
	“ASC 820 - Fair value measurements and disclosures,” establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three levels. The fair value hierarchy gives the highest priority to quoted market prices (unadjusted) in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). Level 2 inputs are inputs, other than quoted prices included within Level 1, which are observable for the asset or liability, either directly or indirectly.
	Effective January 1, 2012, we adopted the authoritative guidance that applies to all financial assets and liabilities required to be measured and reported on a fair value basis. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (exit price). The guidance requires disclosure that establishes a framework for measuring fair value expands disclosure about fair value measurements and requires that fair value measurements be classified and disclosed in one of the following categories:
	Level 1:        Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities. We consider active markets as those in which transactions for the assets or liabilities occur with sufficient frequency and volume to provide pricing information on an ongoing basis.
	Level 2:        Quoted prices in markets that are not active, or inputs that are observable, either directly or indirectly, for substantially the full term of the asset or liability. This category includes those derivative instruments that we value using observable market data. Substantially all of these inputs are observable in the marketplace throughout the full term of the derivative instrument, can be derived from observable data or supported by observable levels at which transactions are executed in the market place.
	Level 3:          Measured based on prices or valuation models that require inputs that are both significant to the fair value measurement and less observable from objective sources (i.e., supported by little or no market activity). Our valuation models for derivative contracts are primarily industry-standard models that consider various inputs including: (a) quoted forward prices for commodities, (b) time value, (c) volatility factors, (d) counterparty credit risk and (e) current market and contractual prices for the underlying instruments, as well as other relevant economic measures. Level 3 instruments primarily include warrants and embedded conversions. Although we utilize third-party broker quotes to assess the reasonableness of our prices and valuation techniques, we do not have sufficient corroborating market evidence to support classifying these assets and liabilities as Level 2.
	The carrying amounts of financial instruments including cash and cash equivalents, accounts receivable, accounts payable and accrued liabilities approximate fair value at December 31, 2013 and 2012, due to the short-term nature or maturity of the instruments.
	The warrants were valued as written call options using a Binomial Lattice Model. Key inputs into this valuation model are our current stock price, US Treasury rate and the underlying stock price volatility.  The debt was valued under the income approach using discounted cash flows.  The discounting utilized the US Treasury rate and our credit spread.  The current stock price, US Treasury rate and stock price volatility are based on observable market data and are considered Level 2 inputs.  Our credit spread is unobservable and considered a Level 3 input.  A binomial lattice model designed to value the Convertible Senior Note, which model is further described below, was used to estimate our credit spread.  It was calculated by solving for a premium to the US Treasury rate that produces a value of the Convertible Senior Note as of the issuance date that equates to proceeds received.  The fair value measurements of our warrants and Senior Secured Notes are considered Level 3 measurements within the fair value hierarchy.  An increase in the volatility by 5% results in a $0.6 million increase in the fair value of the warrants. On December 31, 2013, the Senior Secured Notes, which had a book value of $23.1 million (net of unamortized discount of $3.7 million), had a fair value of approximately $25.6 million.  An increase in the credit spread by 500 basis points results in a $0.7 million decrease in the fair value of the notes.
	The embedded conversion option and Convertible Senior Notes were valued using a Binomial Lattice Model designed to capture incremental value attributed to the conversion option in addition to the value of the note.  Key inputs into this valuation model are our current stock price, US Treasury rate, our credit spread and the underlying stock price volatility.  The current stock price, US Treasury rate and stock price volatility are based on observable market data and are considered Level 2 inputs.  Our credit spread is unobservable and considered a Level 3 input. The valuation model was used to estimate our credit spread by solving for a premium to the US Treasury rate that produces a value of the Convertible Senior Note as of the issuance date that equates to proceeds received.  The fair value measurements are considered a Level 3 measurement within the fair value hierarchy.  An increase in the volatility by 5% results in a $0.4 million increase in the fair value of the conversion option.  On December 31, 2013, the Convertible Senior Notes, which had a book value of $28.0 million (net of unamortized discount of $12.0 million), had a fair value of approximately $34.4 million.  An increase in the credit spread by 500 basis points results in a $3.0 million decrease in the fair value of the note.
	On December 31, 2013, the Subordinated Notes, which had a book value of $47.3 million, had a fair value of approximately $47.4 million.
	The following table summarizes the valuation of our liabilities measured on a recurring basis at levels of fair value at December 31, 2013 and 2012 (in thousands).  We did not have any liabilities subject to fair value measurement prior to 2012.
		Fair Value Measurement using
		(Level 1)			(Level 2)			(Level 3)		Total
	At December 31, 2013:
	Warrants	$	—		$	—		$	15,540	$	15,540
	Embedded conversion options	—			—			4,995		4,995
	Total	$	—		$	—		$	20,535	$	20,535
		Fair Value Measurement using
		(Level 1)			(Level 2)			(Level 3)		Total
	At December 31, 2012:
	Warrants	$	—		$	—		$	28,043	$	28,043
	Embedded conversion options	—			—			21,382		21,382
	Total	$	—		$	—		$	49,425	$	49,425
	The following is a reconciliation of changes in fair value of our liabilities classified as Level 3 during the twelve months ended December 31, 2013 and 2012 (in thousands):
		Year Ended December 31,
		2013			2012
	Balance at beginning of period	$	49,425		$	—
	Issuance of warrants	—			33,632
	Amendment to warrant agreement	10,891			—
	Issuance of embedded conversion options	—			13,183
	Unrealized (gain) loss on warrants included in earnings	(23,394		)	(5,589		)
	Unrealized (gain) loss on embedded conversion option included in earnings	(16,387		)	8,199
	Balance at end of period	$	20,535		$	49,425
	Certain assets and liabilities are reported at fair value on a nonrecurring basis in our consolidated balance sheets. Fair value measurements and methods and assumptions used to estimate fair values of our fixed assets, including oil and gas properties, where applicable, are discussed in Note 6 - Business Combinations and Note 9 - Impairments of Assets.

IMPAIRMENT_OF_ASSETS

IMPAIRMENT OF ASSETS	12 Months Ended
	Dec. 31, 2013
IMPAIRMENT OF ASSETS	'
IMPAIRMENT OF ASSETS	'
	NOTE 9 — IMPAIRMENT OF ASSETS
	The Company reviews non-producing leasehold costs and proved oil and gas properties on a geographic area basis for impairment when events or circumstances indicate a possible decline in the recoverability of the carrying value of such property. We compare the carrying value of the property to its estimated undiscounted future cash flows. If the carrying value of the property exceeds its estimated undiscounted future cash flows, the carrying value is reduced to its estimated fair value and any impairment is charged to expense in the period incurred. Fair value is calculated by discounting the future cash flows at an appropriate risk-adjusted discount rate. Significant Level 3 assumptions are used in the fair value determination and include management’s expectations of future production, commodity prices, operating and development costs, risk-adjusted discount rate and other relevant data.
	For the year ended December 31, 2013, we impaired non-producing leasehold costs by $66.6 million, producing oil and gas properties by $37.8 million and inventory by $0.2 million for a total impairment of $104.6 million.
	In the second quarter of 2013, non-producing leasehold costs and producing oil and gas properties with combined carrying values of $145.5 million were written down to their fair values of $52.4 million, resulting in pretax impairment charges of $93.1 million. Included in the $93.1 million impairment charge are non-producing leasehold costs impairments of $56.9 million and producing oil and gas property impairments of $36.2 million.  The impairments of producing oil and gas properties relate one well in South Texas and two wells in East Texas.
	In the third quarter of 2013, non-producing leasehold costs with carrying values of $13.1 million were written down to their fair values of $4.1 million and we wrote down the carrying value of our inventory by $0.2 million, resulting in pretax impairment charges of $9.2 million. The impairment of non-producing leasehold costs in the third quarter of 2013 was triggered by lease expirations in in several prospects in South Texas.
	In the fourth quarter of 2013, non-producing leasehold costs with carrying values of $1.3 million were written down to their fair values of $0.8 million, resulting in pretax impairment charges of $0.5 million. The impairment of non-producing leasehold costs were triggered by lease expirations in our Sweet Home prospect.  Additionally, oil and gas properties with carrying values of $2.0 million were written down to their fair values of $0.3 million, resulting in pretax impairment charges of $1.7 million.  The impairment of producing oil and gas properties relate to three wells in South Texas.
	For the year ended December 31, 2012, producing oil and gas properties with a carrying value of $59.2 million were written down to their fair value of $51.7 million and non-producing leasehold cost totaling $2.3 million were written off resulting in a total impairment charge of $9.8. The write-off of non-producing leasehold costs were triggered by lease expirations several prospects in South Texas.

ASSETS_HELD_FOR_SALE

ASSETS HELD FOR SALE	12 Months Ended
	Dec. 31, 2013
ASSETS HELD FOR SALE	'
ASSETS HELD FOR SALE	'
	NOTE 10 — ASSETS HELD FOR SALE
	As of December 31, 2012, producing properties were classified as held for sale with a fair value of $10.0 million. In the second and third quarters of 2013, we impaired the fair value of assets held for sale by $14.6 million to $0.5 million and reclassified the remaining assets held for sale of $0.5 million to oil and gas properties as we were no longer actively marketing these assets. The effects of the reclassification of assets held for sale to oil and gas properties did not have a material effect. As of December 31, 2013, there were no assets held for sale.
	The following table summarizes the assets and liabilities associated with assets held for sale (current and non-current) (in thousands).
		December 31,		December 31,
		2013		2012
	Accounts receivable - revenue receivable	$	—	$	113
	Oil and gas properties	—		13,095
	Accumulated depletion	—		(3,060		)
	Asset retirement obligations	—		(183		)
	Accounts payable and accrued liabilities	—		—
	Total assets held for sale, net (current and non-current)	$	—	$	9,965

ASSET_RETIREMENT_OBLIGATIONS

ASSET RETIREMENT OBLIGATIONS	12 Months Ended
	Dec. 31, 2013
ASSET RETIREMENT OBLIGATIONS	'
ASSET RETIREMENT OBLIGATIONS	'
	NOTE 11 — ASSET RETIREMENT OBLIGATIONS
	The following table summarizes the changes in our asset retirement obligations during the years ended December 31, 2013 and 2012 (in thousands).
		Year Ended December 31,
		2013			2012
	Asset retirement obligations at January 1	$	130		$	309
	Obligations assumed in the Combination	—			4,513
	Obligations incurred	68			313
	Revisions	125			26
	Obligations extinguished	—			(356		)
	Obligations divested	(257		)	(4,912		)
	Obligations reclassified from (as) held for sale	189			(183		)
	Accretion expense	51			420
	Asset retirement obligations at the end of the period	$	306		$	130

LONGTERM_DEBT

LONG-TERM DEBT	12 Months Ended
	Dec. 31, 2013
LONG-TERM DEBT.	'
LONG-TERM DEBT	'
	NOTE 12 — LONG-TERM DEBT
	Our long-term debt consisted of the following (in thousands):
		December 31,
		2013			2012
	Senior Secured Notes, net of discount (1)	$	23,146		$	23,647
	Convertible Senior Notes, net of discount (2)	27,957			25,298
	Subordinated notes (3)	47,330			47,330
	Subtotal	98,433			96,275
	Less: current portion (4)	(10,177		)	(25,298		)
	Total long-term debt	$	88,256		$	70,977
	(1)                                  The Senior Secured Notes issuance discount is amortized to the principal amount through the date of the first put right on February 21, 2015 using the effective interest rate method and rate of 19.85%.  On February 6, 2014, the Company used the approximately $11.5 million of restricted cash together with approximately $1.1 million of cash on hand, to prepay a portion of its 8% Senior Secured Notes due 2017 as further described in Note 19 — Subsequent events.
	(2)                                  The Convertible Senior Notes issuance discount is amortized to the principal amount through maturity on August 21, 2017 using the effective interest rate method and rate of 17.40%.
	(3)                                  On February 24, 2014 the Company agreed to exchange $47.3 million of Subordinated Notes into a combination of shares of ZaZa common stock and a new series of perpetual preferred stock as described in Note 19 — Subsequent events.
	(4)                                  We classified $10.2 million of our Senior Secured Notes as current as of December 31, 2013 and $25.3 million of our Convertible Senior Notes as current as of December 31, 2012. We are required to reduce the principal amount of our Senior Secured Notes to $15 million by February 28, 2014 pursuant to Amendment No. 5 to the Securities and Purchase Agreement, as defined below. Accordingly, we classified $10.2 million, consisting of the required pre-payment of principal of $11.8 million minus a discount of $1.6 million, as current. The Convertible Notes are convertible, at the option of the holder, into shares of the Company’s common stock.  Due to certain limitations under the indenture regarding the Company’s ability to settle the conversion in shares, the debt was classified as current until May 30, 2013.  As of May 30, 2013, shareholder approval of the issuance of common stock in excess of 20% of the outstanding shares allowed us to classify the Convertible Senior Notes as long-term.
	8.00% Senior Secured Notes due 2017 and Warrants
	On February 21, 2012, we entered into a Securities Purchase Agreement (as amended, the “SPA”) with the purchasers thereunder, including MSDC ZEC Investments, LLC and Senator Sidecar Master Fund LP (collectively, the “Purchasers”), pursuant to which we issued the Senior Secured Notes in the aggregate principal amount of $100,000,000 and warrants (the “Warrants”) to purchase 26,315,789 shares of our Common Stock. The proceeds of the sale of the Senior Secured Notes and the Warrants were used for the (i) repayment of the outstanding convertible notes of Toreador, and (ii) payment of fees and expenses incurred in connection with the Combination, with the balance to be used for general working capital purposes.
	The Senior Secured Notes will mature on February 21, 2017.  Subject to certain adjustments set forth in the SPA, interest on the Senior Secured Notes accrues at 8% per annum, payable quarterly in cash.  Amendment No. 5 to the Securities Purchase Agreement (“Amendment No. 5”) stated that the interest rate would increase from 8% per annum to 10% per annum effective March 1, 2014 if the Senior Secured Notes were not prepaid to zero by February 28, 2014. The Senior Secured Notes were $15 million as of February 28, 2014 and therefore the interest rate increased to 10% per annum.
	With respect to overdue interest payments or during periods in which an event of default under the SPA has occurred and is continuing, the annual rate of interest will increase to the greater of 3% per annum in excess of the non-default interest rate and 8% over the yield to maturity for 10-Year United States treasury securities. In addition, the annual interest rate payable on the Senior Secured Notes will increase by 0.5% per annum for certain periods if a shelf registration statement with respect to the shares of Common Stock that are issuable upon exercise of the Warrants is no longer effective or otherwise becomes unavailable to holders of the Warrants.  In addition, if we authorize the issuance and sale of any equity interests in the Company, we will use our commercially reasonable efforts to offer each Purchaser an opportunity to purchase up to such Purchaser’s pro rata portion of the offered securities on the terms set forth in the SPA.
	The Senior Secured Notes are guaranteed by all of our subsidiaries and secured by a first-priority lien on substantially all of our assets and of our domestic subsidiaries.  To the extent such assets include stock of any foreign subsidiaries, only 65% of such foreign subsidiary stock is to be pledged as security for the Senior Secured Notes. The Senior Secured Notes rank senior to all of our other debt and obligations.  We are permitted to have up to $50 million in additional reserves-based secured lending (including, but not limited to, pre-paid swaps); such borrowings may be secured by liens that come ahead of the liens securing the Senior Secured Notes.
	Beginning on February 21, 2015, the Purchasers may require us to purchase all or a portion of the Senior Secured Notes at a price equal to the principal amount of the Senior Secured Notes to be purchased, plus any accrued and unpaid interest on such notes. In addition, if a fundamental change (as defined in the SPA) occurs at any time prior to maturity of the Senior Secured Notes, note holders may require us to purchase all or a portion of the Senior Secured Notes at a price equal to 101% of the principal amount of the Senior Secured Notes to be purchased, plus any accrued and unpaid interest on such notes.
	Because the principal amount of the Senior Secured Notes is $15 million or less, we may purchase at any time or from time to time any or all of the Senior Secured Notes at 100% of the principal amount of the Senior Secured Notes to be purchased, plus accrued and unpaid interest on such notes, without a make-whole premium on the principal amount of such notes.
	We are subject to certain affirmative and negative covenants pursuant to the Senior Secured Notes, including, without limitation, restrictions on our and our subsidiaries’ abilities to incur additional debt, pay dividends or make other distributions, redeem stock, make investments, incur liens, enter into transactions with affiliates, merge or consolidate and transfer or sell assets, in each case subject to certain baskets and carve-outs.
	As of December 31, 2013, the Warrants represented approximately 20% of the outstanding shares of Common Stock on an as-converted and fully-diluted basis.  The Warrants contain a cashless exercise provision and became exercisable at the option of the holder at any time beginning August 21, 2012.  We can force exercise of the Warrants at any time beginning February 21, 2015 if the daily volume weighted average price (the “VWAP”) of Common Stock is, at the time of such conversion, greater than or equal to $10.00 per share for the prior 45 consecutive trading day period, and if for each of those 45 consecutive trading days, an average of at least 50,000 shares of Common Stock are traded per day during such period.  The Warrants expire on August 21, 2020.  The Warrants also prohibit the payment of cash dividends for as long as the Warrants remain outstanding.
	The exercise price of the Warrants was initially $3.15 per share, subject to certain anti-dilution protections, including, but not limited to, stock splits and stock dividends, and issuances below the strike price or below 90% of the market price of our Common Stock.  As a result of the anti-dilution adjustments in the Warrants and amendments to the SPA, as of December 31, 2013, the number of outstanding shares of our Common Stock represented by the Warrants has increased to 27,433,244 and the exercise price has been reduced to $1.98 per share.
	Until July 22, 2020, a holder of Warrants will not be entitled to receive shares of Common Stock upon exercise of such Warrants to the extent that such receipt would result in the holder becoming a “beneficial owner” (as defined in Section 13(d) of the Exchange Act of 1934, as amended, and the rules and regulations thereunder) of a number of shares of Common Stock exceeding a maximum percentage of the total number of shares of Common Stock then outstanding, unless such limitation has been terminated with 61 days’ notice from the holder.  The maximum percentage of Common Stock that a holder of a Warrant may beneficially own is initially 5% but may be increased to 10% under certain circumstances.  Upon the occurrence of a fundamental change as set forth in the Warrants, we must make an offer to repurchase all Warrants at the option value of the Warrants using Black-Scholes calculation methods and making certain assumptions described in the Black-Scholes methodology as set forth in the Warrants.
	On June 8, 2012, the ZaZa LLC Members and the ZaZa Founders entered into an Amended and Restated Subordination Agreement, specifying that payments may not be made by the Company under the Subordinated Notes described below until the paying off of the Company’s “senior debt” (as described therein), which includes the Senior Secured Notes.  Also, on March 28, 2013, the Purchasers, the ZaZa LLC Members and the ZaZa Founders entered into an Amended and Restated Lock-Up Agreement with us (the “Lock-Up Agreement”), pursuant to which, the Purchasers, ZaZa LLC Members and the ZaZa Founders have agreed to limit their aggregate sales of shares of Common Stock (including hedging) until February 21, 2017 to an amount not to exceed annually a maximum percentage of the aggregate amount of Common Stock then outstanding.  The maximum percentage is determined based on the VWAP of Common Stock for the 10 trading days prior to such determination as follows: 10% for a VWAP of $9.45 per share or less; 15% for a VWAP of $9.45 to $12.59 per share; and 40% for a VWAP of $12.60 per share or more.  The maximum percentage is subject to adjustment for stock splits, combinations, reorganizations reclassifications and similar occurrences.
	In the first quarter of 2013, we extinguished Senior Secured Notes in the aggregate principal amount of $33.2 million and associated discounts and debt issuance costs of $9.1 million and $1.2 million, respectively.  We recognized a loss on extinguishment of debt of $15.1 million consisting of a loss from the modification of the terms of the Warrants of $10.9 million and a difference between the fair value and book value of debt of $4.2 million.  We recorded the modified debt at its fair market value of $27.1 million, consisting of a principal amount of $33.2 million and discount of $6.1 million.
	In the second and third quarters of 2013, we recognized a loss on extinguishment of debt of $1.1 million and $0.4 million, respectively, associated with penalties on the prepayments of principal on our Senior Secured Notes.  At December 31, 2013, the Senior Secured Notes, which had a book value of $23.1 million, had a fair value of approximately $25.6 million.  At December 31, 2013 and 2012, the unamortized issuance discount related to Senior Secured Notes was $3.7 million and $9.6 million respectively.  At December 31, 2013 and 2012, the outstanding principal on the Senior Secured Notes was $26.8 million and $33.2 million respectively.
	The Company used the approximately $11.5 million restricted cash together with approximately $1.1 million of cash on hand, to prepay a portion of its 8% Senior Secured Notes due 2017 as further described in Note 19 — Subsequent events.  After giving effect to this prepayment, the Company will have Senior Secured Notes outstanding with an aggregate principal amount of $15.0 million.  The prepayment included accrued interest and a prepayment premium totaling approximately $0.8 million.
	In anticipation our independent registered public accounting firm including in their report an explanatory paragraph describing the existence of conditions that raise substantial doubt about our ability to continue as a going concern as described in Note 2 – Going concern, on March 14, 2014, the Company entered into Amendment No. 6 to the Securities Purchase Agreement, which amended the Securities Purchase Agreement to obtain relief from the “going concern” requirements for the Company’s fiscal year 2013 financial statements consistent with the relief obtained for the 2012 financial statements.
	9.00% Convertible Senior Notes due 2017
	On October 22, 2012, the Company successfully completed the issuance and sale of $40,000,000 aggregate principal amount of the Convertible Notes).  The Convertible Notes were sold in a private placement to investors that are qualified institutional buyers and accredited investors (as such terms are defined under the Securities Act of 1933, as amended (the “Securities Act”)), in reliance upon applicable exemptions from registration under Section 4(a)(2) of and Regulation D under the Securities Act pursuant to Note Purchase Agreements, dated October 16, 2012 (collectively, the “Note Purchase Agreements”) among the Company and the several purchasers that are signatories thereto (collectively, the “Convertible Notes Purchasers”).  The Convertible Notes were issued to the Convertible Notes Purchasers pursuant to an Indenture, dated October 22, 2012 (the “Convertible Notes Indenture”), among the Company, certain subsidiary guarantors party thereto (the “Convertible Notes Guarantors”), and Wilmington Trust, National Association, as trustee thereunder.  The Convertible Notes were sold to the Convertible Notes Purchasers at a price of $950 for each $1,000 original principal amount thereof, for aggregate gross proceeds of $38.0 million.  The Company used the net proceeds from the offering of the Convertible Notes, after discounts and offering expenses, of approximately $35.2 million to fund drilling capital expenditures and leasehold transactions and for general corporate purposes.
	Interest on the Convertible Notes began accruing on October 22, 2012 and the Convertible Notes mature August 1, 2017.  The Convertible Notes are the senior, unsecured obligations of the Company, bear interest at a fixed rate of 9.0% per year, payable semiannually in arrears on February 1 and August 1 of each year beginning February 1, 2013, and mature on August 1, 2017 unless earlier converted, redeemed or repurchased.
	The Convertible Notes are convertible, at the option of the holder, at any time prior to the third trading day immediately preceding the maturity date, into shares of the Company’s common stock, par value $0.01 per share (the “Conversion Shares”), and cash in lieu of fractional shares of common stock.  The initial conversion rate will be 400 shares per $1,000 Convertible Note, reflecting a conversion premium of approximately 32.28% of the closing price of the Company’s common stock on the pricing date of the offering, which equates to an initial conversion price of $2.50 per share.  In certain circumstances, after the occurrence of a fundamental change (as defined in the Indenture), the conversion rate shall be increased (according to the date of such fundamental change) for holders who convert their Convertible Notes on or after the effective date of such fundamental change.  In addition, upon the occurrence of a fundamental change, holders may require the Company to repurchase for cash of all or a portion of such holder’s Convertible Notes at a purchase price equal to 100% of the principal amount of the Convertible Notes to be purchased, plus any accrued and unpaid interest to, but excluding, the fundamental change repurchase date.
	If a holder converts some or all of its Convertible Notes on or after May 1, 2013 but prior to August 1, 2017, in addition to the Conversion Shares, such holder will receive a coupon make-whole payment for the Convertible Notes being converted.  The coupon make-whole payment will be equal to the sum of the present values of the lesser of five semi-annual interest payments or the number of semi-annual interest payments that would have been payable on such converted Convertible Notes from the last day through which interest was paid on the Convertible Notes through July 31, 2017.  The Company may elect to pay such make-whole payment in either cash or, subject to shareholder approval if required under applicable stock exchange rules, shares of common stock, and if paid in shares of common stock, then the stock will be valued at 95% of the simple average of the daily volume weighted average prices for the common stock for the 10 trading days ending on and including the trading day immediately preceding the conversion date.
	The Company may not redeem the Convertible Notes prior to August 1, 2015. Beginning August 1, 2015, the Company may redeem for cash all or part of the Convertible Notes if the last reported sale price of its common stock equals or exceeds 150% of the applicable conversion price for at least 20 trading days during the 30 consecutive trading day period ending on the trading day immediately prior to the date on which the Company delivers the notice of the redemption. The redemption price will equal 100% of the principal amount of the Convertible Notes to be redeemed, plus any accrued and unpaid interest to, but excluding, the redemption date.
	The Convertible Notes Indenture contains covenants that, among other things, limit the Company’s ability and the ability of certain of its subsidiaries to, with certain exceptions, incur additional indebtedness or guarantees of indebtedness, and to dispose of assets, except under certain conditions and with certain exceptions, including contributions of assets to specified joint venture transactions.  In addition, the terms of the Convertible Notes Indenture require that the Company file all reports customarily filed with the SEC within the time frames required by SEC rules and provide information to permit the trading of the Convertible Notes pursuant to SEC Rule 144A, and that all current and future domestic restricted subsidiaries (as defined in the Convertible Notes Indenture) of the Company, except for immaterial subsidiaries, jointly and severally guarantee the Convertible Notes on a senior unsecured basis.  The Company will be able to designate a restricted subsidiary as an unrestricted subsidiary under specified conditions.
	The Company designated its foreign subsidiaries as unrestricted.  These subsidiaries had no business operations as of December 31, 2013 and had assets consisting of $12.4 million of restricted cash and other assets and $19.0 million of intercompany receivables.  These intercompany receivables will be forgiven and treated as a dividend in accordance with lender approval, during 2014, or as soon as commercially possible.
	The Convertible Notes Indenture contains customary events of default, including failure to pay interest after a 30 day grace period, failure to pay principal when due, failure to comply with certain covenants, such as the offer to repurchase upon a fundamental change, failure to comply with other covenants after a customary grace period, cross-defaults, judgment defaults and certain bankruptcy events. If an event of default on the Convertible Notes has occurred and is continuing, the principal amount of the Convertible Notes, plus any accrued and unpaid interest, may become immediately due and payable. Upon the occurrence of certain events of default, these amounts automatically become due and payable.
	In addition, if the Company elects, the sole remedy for an event of default relating to the Company’s failure to comply with the SEC reporting requirements under the Convertible Notes Indenture will, for the first 90 days after the occurrence of such an event of default, consist exclusively of the right to receive special interest on the Convertible Notes at a rate equal to 0.50% per annum of the principal amount of the Convertible Notes.  If the Company elects, such special interest will be payable in the same manner and on the same dates as the stated interest payable on the Convertible Notes.
	The Convertible Notes and Conversion Shares have not been registered, nor are required to be registered, under the Securities Act or applicable state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state laws.
	At December 31, 2013 and December 31, 2012, the unamortized issuance discount related to Convertible Notes was $12.0 million and $14.7 million, respectively.  The outstanding principal on the Convertible Notes was $40.0 million at both December 31, 2013 and December 31, 2012.
	8.00% Subordinated Notes due 2017
	Simultaneously with the consummation of the Combination, and pursuant to the Contribution Agreement dated August 9, 2011 among the ZaZa LLC Members and ZaZa (the “Contribution Agreement”), the ZaZa LLC Members contributed all of the direct or indirect limited liability company interests in ZaZa LLC to us in exchange for (i) a number of shares of Common Stock that, in the aggregate, represented 75% of the issued and outstanding shares of Common Stock immediately after the consummation of the Combination (but without giving effect to the shares of Common Stock issuable upon exercise of the Warrants as discussed above), and (ii) subordinated notes in an aggregate amount of $38.25 million issued to the ZaZa LLC Members as partial consideration for the Combination.  In addition, as required under the terms of the Merger Agreement and the Contribution Agreement, we issued subordinated notes in an aggregate amount of $9.08 million to the ZaZa Founders that own and control the ZaZa LLC Members, in respect of certain unpaid compensation amounts owing to the ZaZa Founders by ZaZa LLC for back salary, bonuses, incentive compensation or other compensation payable to them by ZaZa LLC in connection with or in respect of periods prior to the consummation of the Combination.  The subordinated notes issued to the ZaZa Founders and the ZaZa LLC Members (the “Subordinated Notes”) accrue interest at a rate of 8% per annum, are payable monthly in cash, and mature on August 17, 2017.  Subject to certain conditions, including the terms of the Amended and Restated Subordination Agreement described above, we may make regularly scheduled interest payments to the ZaZa LLC Members and the ZaZa Founders on the Subordinated Notes and may prepay the Subordinated Notes at any time.  We are required to repay the Subordinated Notes, pro rata, with 20% of the proceeds of any subordinated debt financing and 20% of the proceeds of any equity financing completed on or after February 21, 2015.  We made regular interest payments on these notes during 2013 and continue to do so.
	On February 24, 2014 the Company agreed to exchange $47.3 million of Subordinated Notes into a combination of shares of ZaZa common stock and a new series of perpetual preferred stock as described in Note 19 — Subsequent events
	For the years ended December 31, 2013 and 2012, interest expense consisted of the following (in thousands):
		December 31,
		2013			2012
	Interest expense on Senior Secured Notes	$	2,377		$	5,838
	Interest expense on Convertible Senior Notes	3,600			690
	Interest expense on Subordinated Notes	3,786			3,308
	Interest expense on revolving credit line	—			45
	Interest expense on ZaZa LLC Members’ Notes	—			50
	Amortization of issuance costs on Senior Secured Notes	58			454
	Amortization original issuance discount on Senior Secured Notes	1,817			3,986
	Amortization of issuance costs on Convertible Senior Notes	373			82
	Amortization original issuance discount on Convertible Senior Notes	2,660			480
	Other interest (income) expense	(56		)	335
	Capitalized interest	(346		)	(563		)
	Total interest expense, net	$	14,269		$	14,705

STOCKBASED_COMPENSATION

STOCK-BASED COMPENSATION	12 Months Ended
	Dec. 31, 2013
STOCK-BASED COMPENSATION	'
STOCK-BASED COMPENSATION	'
	NOTE 13 — STOCK-BASED COMPENSATION
	Long Term Incentive Plan (the “Plan”)
	We currently have 9.1 million shares authorized for issuance under the Plan adopted in March 2012.  At December 31, 2013, approximately 3.9 million shares were available for future grants under the Plan.
	Stock-based compensation costs for the years-ended December 31, 2013 and 2012 were $3.7 million and $16.5 million, respectively.  We did not have stock-based compensation cost prior to the second quarter of 2012.
	The following table presents the changes in restricted stock awards pursuant to the Plan:
		Number		Weighted Average
		of Shares		Grant Date
		(in thousand)		Fair Value per Share		Intrinsic value
	Unvested balance at December 31, 2011	—		$	—	$	—
	Granted	6,492		4.01		26,016
	Vested	(6,337	)	4		25,346
	Unvested balance at December 31, 2012	155		$	4.32	$	670
	Granted	4,018		1.47		5,896
	Vested	(1,786	)	1.43		(2,563		)
	Cancelled/Forfeited	(80	)	1.32		(105		)
	Unvested balance at December 31, 2013	2,307		$	1.69	$	3,898
	The total vest date fair value of awards vested in 2013 and 2012 was $2.6 million and $15.0 million, respectively. At December 31, 2013 and 2012, we had $2.6 million and $0.5 million, respectively, of total unrecognized compensation costs related to unvested awards which are expected to be recognized over a weighted average period of 1.75 and 1.37 years, respectively.

SEVERANCE_COSTS

SEVERANCE COSTS	12 Months Ended
	Dec. 31, 2013
SEVERANCE COSTS	'
SEVERANCE COSTS	'
	NOTE 14 — SEVERANCE COSTS
	In April 2013, ZaZa announced a significant reduction in workforce and terminated approximately 37 employees and contractors, and closed offices in Corpus Christi and Dallas. In the second quarter of 2013, we recognized $3.9 million in severance expense and $0.7 million in onerous contracts for a total expense of $4.6 million included in general and administrative expenses. As of December 31, 2013, we have a remaining liability of $1.4 million of which $1.0 million is recorded in current accrued liabilities and $0.4 million is recorded in non-current accrued liabilities.

OPERATING_LEASES

OPERATING LEASES	12 Months Ended
	Dec. 31, 2013
OPERATING LEASES	'
OPERATING LEASES	'
	NOTE 15 — OPERATING LEASES
	ZaZa has non-cancelable office leases in Houston and Huntsville, Texas, with lease terms until March 2017.  Rent expense for the years ended December 31, 2013 and 2012 totaled $1.4 million and $1.2 million, respectively, before reimbursements from subleases of $0.4 million and zero, respectively.
	Future minimum rental payments under all non-cancelable operating leases as of December 31, 2013 were as follows (in thousands):
		Gross payments		Sublease receipts			Net payments
	2014	$	1,161	$	(411	)	$	750
	2015	147		—			147
	2016	147		—			147
	2017	30		—			30
	2018	—		—			—
	Thereafter	—		—			—
		$	1,485	$	(411	)	$	1,074

RELATED_PARTY_TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2013
RELATED PARTY TRANSACTIONS	'
RELATED PARTY TRANSACTIONS	'
	NOTE 16 — RELATED PARTY TRANSACTIONS
	On February 24, 2014, we entered into the Subordinated Notes Exchange Agreements to exchange the Subordinated Notes for a combination of shares of our common stock and a new series of perpetual preferred stock.  Under the terms of the Subordinated Notes Exchange Agreements, in exchange for the $15.8 million in subordinated notes held by each ZaZa Founder or his affiliated entity, the Company will issue (i) approximately 3.16 million shares of ZaZa common stock valued at $0.9495 per share based on the volume weighted average price per share for the ten trading days prior to February 24, 2014 and (ii) a new series of perpetual preferred stock with a liquidation preference of $12.8 million.  The new series of perpetual preferred stock will be issued in the form of Series A Cumulative Redeemable Preferred Stock with a cash dividend rate of 13% per annum based on a liquidation preference of $25 per share.  The exchange of the Subordinated Notes is conditional on refinancing our Senior Secured Notes as the Senior Secured Notes prevent us from executing the exchange.
	On August 21, 2013, the Company entered into a stock purchase agreement with Todd A. Brooks, the President and Chief Executive Officer of the Company.  Under the stock purchase agreement, Mr. Brooks agreed to purchase from the Company 1,500,000 shares of the Company’s common stock at a price of $0.92 per share, which was the closing bid price of the common stock on the NASDAQ on August 21, 2013, for total consideration of $1,380,000.  The stock purchase agreement contains customary representations, warranties and indemnification obligations of the parties.  The Company intends to use the proceeds from the issuance of stock to acquire oil and gas properties.  The shares of common stock were sold to Mr. Brooks in reliance on the exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933.
	Prior to the Combination, ZaZa LLC entered into assignments of overriding royalty interests (the “ORRI Assignments”) with each of the ZaZa Founders (which includes our Chief Executive Officer and President Todd A. Brooks and directors Gaston L. Kearby and John E. Hearn Jr.).  The ORRI Assignments granted each of the ZaZa Founders a direct or indirect interest in an overriding royalty interest generally equal to one percent (1%) (for a total of three percent (3%)) in any interests that ZaZa LLC acquires within select counties  in Texas, Louisiana, Mississippi, Alabama and Florida that generally make up the upper cretaceous shale across the southern Gulf Coast of the United States.  The ORRI Assignments expire on April 29, 2016.
	Effective May 1, 2010, ZaZa LLC and its members entered into a compensation agreement in which base salary, discretionary bonus and incentive compensation were defined. Incentive compensation was based on the fulfillment of certain performance metrics and the occurrence of a “Company liquidity event,” defined therein as an initial public offering, merger, reverse merger, financing or other availability of capital deemed financially beneficial to ZaZa. For the year ended December 31, 2012, ZaZa paid deferred compensation of $10.8 million and bonuses of $6.7 million.  These compensation agreements were terminated in connection with the Combination on February 21, 2012.
	In March 2011 ZaZa entered into a management agreement (the “Management Agreement”) with Sequent Petroleum Management, LLC (“SPM”) pursuant to which SPM provided ZaZa with contractors and consultants and their related benefits programs in exchange for a monthly fee for managing such personnel.  Scott Gaille, who was appointed ZaZa Energy Corporation’s Chief Compliance Officer as of March 2012 was a principal of SPM until September 6, 2012, when he disposed of all of his interests in SPM.  ZaZa reimbursed SPM for the costs of the personnel under the Management Agreement, including for the costs of their insurance and other benefits. SPM handled all payroll, tax, accounting and benefit services for the contractors and consultants provided under the Management Agreement.  For the years ended December 31, 2012, ZaZa paid SPM $18.3 million (including $52 thousand in management fees) under this agreement.  Effective November 1, 2012, 100% of the units and ownership in SPM was assigned to ZaZa LLC.
	Lot-A-Go 5 (“LG5”) is an airplane rental company in which Todd A. Brooks and Gaston Kearby hold partnership interest. From time to time, ZaZa will rent aircraft for business travel reasons and be charged for the pilots’ time, hanger fees and fuel.  During the year ended December 31, 2013 and 2012 ZaZa was charged and paid $2,000 and $115,000, respectively, for such services.
	Entry into Reimbursement Agreements
	In connection with but following consummation of the combination of Toreador and ZaZa LLC, the ZaZa Founders, each determined to transfer to certain service providers approximately 1.7 million shares of restricted common stock of the Company, par value $0.01 per share (the “Restricted Stock”), held by entities controlled by the ZaZa Founders.  Because such transfers were expected to give rise to a compensation expense deduction to the Company upon vesting of the grants, as opposed to giving rise to a deduction to the ZaZa Founders, the Company agreed to pay in cash to the ZaZa Founders the economic value of any tax deduction the Company receives as a result of these grants by the ZaZa Founders.
	On September 11, 2012, the Company entered into separate Reimbursement Agreements with each of Blackstone Oil & Gas, LLC (“Blackstone”), Omega Energy Corp. (“Omega”), and Lara Energy, Inc. (“Lara”) (together, the “Reimbursement Agreements”).  Blackstone, Omega, and Lara are respectively controlled by Todd A. Brooks, who serves as the Company’s President and Chief Executive Officer and also as a Director, Gaston L. Kearby, who is the former Executive Director-Operations and currently serves as a Director of the Company, and John E. Hearn Jr., who is the former Chief Operating Officer and a Director of the Company.  Pursuant to the Reimbursement Agreements, the Company will reimburse each of Blackstone, Lara, and Omega for the value of the tax benefit(s) received by the Company due to the transfers of Restricted Stock within thirty (30) days of such time(s) when the Company is able to make use of the expense(s) relating thereto to reduce its federal income tax withholding or payments (the “Reimbursements”).  If Blackstone, Lara, and Omega together cease to control a majority of the common stock of the Company prior to the time that the Company is able to make use of any or all of such expenses to reduce its federal income tax withholding or payments, then the Company will pay to each of Blackstone, Lara, and Omega an amount equal to thirty-five percent (35%) of the value of the shares of the Restricted Stock (determined at the time of vesting) transferred by each such grantor.
	The Company estimates that the Reimbursements could be as much as $1.4 million for each of Blackstone, Lara, and Omega, but no payments have been made during the year ended December 31, 2013 and 2012.  The tax characterization of the Reimbursements and their reporting shall be determined by a third party tax advisor to the founders.  Each of Blackstone, Lara, and Omega will be responsible and liable for any tax consequences (including, but not limited to, any interest or penalties) as a result of the Reimbursements.

COMMITMENTS_AND_CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2013
COMMITMENTS AND CONTINGENCIES	'
COMMITMENTS AND CONTINGENCIES	'
	NOTE 17 — COMMITMENTS AND CONTINGENCIES
	FLMK/Emerald Leasing Claims
	On August 9, 2012, ZaZa LLC filed a lawsuit in Harris County District Court against certain lease brokers, consultants and law firms who were involved in the leasing of acreage for the company in DeWitt and Lavaca Counties.  ZaZa paid certain of these brokers for approximately 3,924 acres of leases which the brokers have not delivered to the company. Additionally, there are net lease acreage shortages for which ZaZa has made a claim. The relief sought by ZaZa includes economic damages, exemplary damages, and reasonable attorney’s fees.  Certain of the defendants have settled, and ZaZa continues to pursue its claims against the remaining defendants, which include Emerald Leasing LLC, FLMK Acquisition, LLC, John T. Lewis, Billy Marcum, Brad Massey, Max Smith, Heroux & Helton PLLC, W&L Holdings, LLC, Rock Leasing, LLC, Nwk Resources, LLC, and Hlk Acquisitions, LLC.
	Sankalp Americas, Inc. Casing Collar Failure
	On March 13, 2013, ZaZa LLC filed a lawsuit in Harris County District Court against Sankalp Americas, Inc. (“Sankalp”).   The dispute arose due to the catastrophic loss of a 17,000 plus foot horizontal well, the Stingray A-1H, drilled by ZaZa LLC in Walker County, Texas.  While ZaZa LLC worked to complete the sixteenth stage of its hydraulic fracturing operations, a casing collar manufactured by Sankalp failed, separating completely, and causing a downhole restriction.  This restriction, which could not be remediated, ultimately resulted in the loss of the entire horizontal portion of the well.  ZaZa LLC seeks to recover its economic damages and court costs from Sankalp for its substantial losses caused by such failure.  The case is set for trial in the fourth quarter of 2014.
	Other
	From time to time, we are named as a defendant in other legal proceedings arising in the normal course of business. In our opinion, the final judgment or settlement, if any, which may be awarded with any such suit or claim would not have a material adverse effect on our financial position, results of operations or cash flows.

DISCLOSURE_OF_MAJOR_CUSTOMERS

DISCLOSURE OF MAJOR CUSTOMERS	12 Months Ended
	Dec. 31, 2013
DISCLOSURE OF MAJOR CUSTOMERS	'
DISCLOSURE OF MAJOR CUSTOMERS	'
	NOTE 18 — DISCLOSURE OF MAJOR CUSTOMERS
	For the years ended December 31, 2013 and 2012, customers who accounted for more than 10% of revenues included (in thousands):
		2013		2012
	Gulfmark Energy, Inc.	$	4,141	$	1,836
	Texla Energy Management Inc	1,192		878
	Hess Corporation	—		3,883
	Southern Bay Oil & Gas LP	997		—

SUBSEQUENT_EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2013
SUBSEQUENT EVENTS	'
SUBSEQUENT EVENTS	'
	NOTE 19 — SUBSEQUENT EVENTS
	The Company evaluated its December 31, 2013 financial statements for subsequent events. Other than as noted herein, the Company is not aware of any subsequent events which would require recognition or disclosure in the consolidated financial statements.
	Escrow release
	On February 6, 2014, the Company entered into an agreement with Hess to address certain outstanding matters related to the dissolution of the prior joint ventures between Hess and the Company.  Under the agreement, Hess agreed to (a) direct the escrow agent to release the $15 million of restricted cash proceeds that had been held in escrow since 2012 and (b) terminate its right to receive any proceeds from litigation being pursued by ZaZa related to certain leases in the companies’ former Texas joint venture.  The agreement released approximately $11.5 million of the escrow proceeds to the Company and approximately $3.5 million to Hess.  The $3.5 million released to Hess was treated as a loss and included within discontinued operations.  Furthermore, the Company agreed to terminate overriding royalty interests in certain assets in the Paris Basin, France.  The parties also provided each other with mutual releases in respect of these matters.
	The Company used the approximately $11.5 million together with approximately $1.1 million of cash on hand, to prepay a portion of its 8% Senior Secured Notes due 2017.  After giving effect to this prepayment, the Company will have Senior Secured Notes outstanding with an aggregate principal amount of $15.0 million.  The prepayment included accrued interest and a prepayment premium totaling approximately $0.8 million.
	East Texas joint-venture exchange acreage
	On March 7, 2014, ZaZa entered into a further amendment to JEDA pursuant to which we agreed to assign to the counterparty approximately 9,600 net acres, which represents a 75% working interest in our remaining Phase III acreage, in exchange for cash consideration of approximately $4.7 million and the carry by the counterparty of our share of future drilling and completion costs in an aggregate amount up to approximately $9.2 million.  Additionally, the counterparty committed to drill two additional test wells, with drilling on the first of such wells to commence by July 1, 2014.
	Also pursuant to the amendment and effective March 7, 2014, we and the counterparty agreed to terminate that certain Participation Agreement, effective as of March 1, 2012, by and between the Company and Range Texas Production, LLC (“Range”) (such agreement, as amended, the “Range Agreement”).  Range’s rights and obligations under the Range Agreement were assigned to, and assumed by, the counterparty pursuant to that certain Quitclaim Assignment and Bill of Sale, effective as of December 1, 2013, by and between Range and the counterparty.  The Range Agreement provided for the joint development by Range and the Company of oil and gas leases in the Eaglebine trend.  The joint development of such leases will now be governed by the JEDA.
	South Texas Joint Venture with Sabine
	Under our joint venture with Sabine, Sabine completed the first commitment well on February 14, 2014 and ZaZa transferred to Sabine a 75% working interest in approximately 3,200 net acres and the Boening well.  Sabine completed the second commitment well on March 11, 2014, and ZaZa transferred to Sabine a 75% working interest in the remaining net acres.  Participating interests in any additional wells drilled or lease acreage acquired in the Sweet Home prospect will be shared 75% by Sabine and 25% by ZaZa under an area of mutual interest that will expire on September 15, 2015. (assuming affirmative elections to participate in such lease acreage acquisition(s)).
	Subordinated note conversion
	On February 24, 2014, ZaZa entered into agreements (the “Subordinated Notes Exchange Agreements”) with the ZaZa LLC Members and the ZaZa Founders to exchange all $47.3 million in outstanding Subordinated Notes for a combination of shares of our common stock and a new series of perpetual preferred stock.  Under the terms of the Subordinated Notes Exchange Agreements, in exchange for the $15.8 million in Subordinated Notes held collectively by each ZaZa Founder and the ZaZa LLC Member that he controls, the Company will issue (i) approximately 3.16 million shares of ZaZa common stock (the “Exchange Common Shares”) valued at $0.9495 per share based on the volume weighted average price per share for the ten trading days prior to February 24, 2014 and (ii) a new series of perpetual preferred stock with a liquidation preference of $12.8 million.  The new series of perpetual preferred stock will be issued in the form of Series A Cumulative Redeemable Preferred Stock with a cash dividend rate of 13% per annum based on a liquidation preference of $25 per share.  The exchange of the Subordinated Notes is conditional on refinancing our Senior Secured Notes as the Senior Secured Notes prevent us from executing the exchange.

SUMMARY_OF_SIGNIFICANT_ACCOUNT1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2013
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
Use of Estimates	'
	Use of Estimates
	The preparation of financial statements in conformity with United States generally accepted accounting principles requires us to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.
Cash and Cash Equivalents	'
	Cash and Cash Equivalents
	The Company considers investments in all highly liquid instruments with original maturities of three months or less at date of purchase to be cash equivalents.
Restricted Cash	'
	Restricted Cash
	Restricted cash primarily consisted of funds held in escrow accounts relating to our Hess joint venture dissolution.
Revenue Recognition	'
	Revenue Recognition
	The Company derives its oil and gas revenue primarily from the sale of produced oil and gas. The Company uses the sales method of accounting for the recognition of gas revenue whereby revenues, net of royalties are recognized as the production is sold to the purchaser. The amount of gas sold may differ from the amount to which the Company is entitled based on its working interest or net revenue interest in the properties. Revenue is recorded when title is transferred based on our nominations and net revenue interests. Pipeline imbalances occur when production delivered into the pipeline varies from the gas we nominated for sale. Pipeline imbalances are settled with cash approximately 30 days from date of production and are recorded as a reduction of revenue or increase of revenue depending upon whether we are over-delivered or under-delivered. Settlements of oil and gas sales occur after the month in which the product was produced. We estimate and accrue for the value of these sales using information available at the time financial statements are generated. Differences are reflected in the accounting period during which payments are received from the purchaser.
	Until the dissolution of the Hess joint venture agreements, the Company also derived bonus income revenue from a bonus on leasehold amounts that Hess agreed to participate in. The bonus amount was equal to 10% of the sum of all direct costs associated with acquiring the net mineral acres as defined in the EDA and was recognized after the leases were obtained, title was cured and transferred to Hess, and recorded with the appropriate county.
Accounts Receivable	'
	Accounts Receivable
	Accounts receivable include oil and gas revenues, joint interest billing, and related parties’ receivables. Management periodically assesses the Company’s accounts receivable and establishes an allowance for estimated uncollectible amounts. Accounts determined to be uncollectible are charged to operations when that determination is made. The Company usually does not require collateral.
Concentration of Credit Risk	'
	Concentration of Credit Risk
	The Company maintains its cash balances at several financial institutions, which are insured by the Federal Deposit Insurance Corporation. The Company’s cash balances typically are in excess of the insured limit. This concentration may impact the Company’s overall credit risk, either positively or negatively, in that this entity may be similarly affected by changes in economic or other conditions. The Company has incurred no losses related to these accounts.
Successful Efforts Method of Accounting for Oil and Gas Activities	'
	Successful Efforts Method of Accounting for Oil and Gas Activities
	The Company accounts for its natural gas and crude oil exploration and production activities under the successful efforts method of accounting. Oil and gas lease acquisition costs are capitalized when incurred. Lease rentals are expensed as incurred. Oil and gas exploration costs, other than the costs of drilling exploratory wells, are charged to expense as incurred. The costs of drilling exploratory wells are capitalized pending determination of whether they have discovered proved reserves. Exploratory drilling costs are capitalized when drilling is complete if it is determined that there is economic producibility supported by either actual production or a conclusive formation test. If proved reserves are not discovered, such drilling costs are expensed. In some circumstances, it may be uncertain whether proved reserves have been found when drilling has been completed. Such exploratory well drilling costs may continue to be capitalized if the reserve quantity is sufficient to justify its completion as a producing well and sufficient progress in assessing the reserves and the economic and operating viability of the project is being made. Costs to develop proved reserves, including the costs of all development wells and related equipment used in the production of natural gas and crude oil, are capitalized. Unproved properties with individually significant acquisition costs are analyzed on a property-by-property basis for any impairment in value. If the unproved properties are determined to be productive, the appropriate related costs are transferred to proved oil and gas properties.
	The Company’s third party engineers estimate proved oil and gas reserves, which directly impact financial accounting estimates, including depreciation, depletion, and amortization. Our proved reserves represent estimated quantities of oil and condensate, natural gas liquids and gas that geological and engineering data demonstrate, with reasonable certainty, to be recovered in future years from known reservoirs under economic and operating conditions existing at the time the estimates were made. The process of estimating quantities of proved oil and gas reserves is very complex requiring significant subjective decisions in the evaluation of all available geological, engineering, and economic data for each reservoir. The data for a given reservoir may also change substantially over time as a result of numerous factors including, but not limited to, additional development activity, evolving producing history, and continual reassessment of the viability of production under varying economic conditions. Consequently, material revisions (upward or downward) to existing reserve estimates may occur from time to time.
	Depreciation, depletion, and amortization of the cost of proved oil and gas properties are calculated using the unit-of-production method. The reserve base used to calculate depreciation, depletion, and amortization for leasehold acquisition costs is the sum of proved developed reserves and proved undeveloped reserves. With respect to lease and well equipment costs, which include development costs and successful exploration drilling costs, the reserve base includes only proved developed reserves. Estimated future dismantlement, restoration, and abandonment costs, net of salvage values are taken into account.
	Unit-of-production rates are revised whenever there is an indication of a need, but at least annually. When circumstances indicate that an asset may be impaired, the Company compares expected undiscounted future cash flows at a producing field level to the amortized capitalized cost of the asset. If the future undiscounted cash flows, based on the Company’s estimate of future natural gas and crude oil prices, operating costs, anticipated production from proved reserves, and other relevant data, are lower than the amortized capitalized cost, the capitalized cost is reduced to fair value. Fair value is calculated by discounting the future cash flows at an appropriate risk-adjusted discount rate.
Asset Retirement Obligations	'
	Asset Retirement Obligations
	We follow ASC 410-20 which applies to obligations associated with the retirement of tangible long-lived assets that result from the acquisition, construction and development of the assets. ASC 410-20 requires that we record the fair value of a liability for an asset retirement obligation in the period in which it is incurred and a corresponding increase in the carrying amount of the related long-lived asset.
Furniture and Fixtures	'
	Furniture and Fixtures
	Furniture and fixtures are stated at cost. Depreciation is calculated using the straight-line method over the assets’ estimated useful lives as follows:
	Office furniture and fixtures	5-Feb
	Computing equipment	5-Feb
Other Assets	'
	Other Assets
	Other assets consist of long term restricted deposits related to letters of credit with the Railroad Commission and other vendors, carrying values associated with our joint venture carried wells, and debt issuance costs.  In 2012, debt issuance costs related to the current portion of our Long-Term debt were included in other current assets.  At December 31, 2013 and 2012, debt issuance costs were $2.5 million and $7.0 million, and accumulated amortization was $0.5 million and $3.3 million, respectively. The costs are being amortized over the life of the associated debt.
Income Taxes	'
	Income Taxes
	The Company follows the asset and liability method of accounting for income taxes. Under this method, deferred tax assets and liabilities are recorded for the estimated future tax consequences attributable to the differences between the financial carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using the tax rate in effect for the year in which those temporary differences are expected to reverse. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in the year of the enacted rate change.
	The Company records a valuation allowance to reduce deferred tax assets to the amount that is believed more likely than not to be realized. Management periodically assesses, by tax jurisdiction, the probability of recovery of recorded deferred tax assets based on its assessment of future earnings estimates. The Company considers estimates of future production, commodity prices and expenditures, future taxable income in determining the need for a valuation allowance.  Such estimates are inherently imprecise since many assumptions utilized in the assessments are subject to revision in the future. A valuation allowance is established to reduce deferred tax assets if it is more likely than not that the related tax benefits will not be realized.  In the event we were to determine that it is more likely than not that we will be unable to realize all or part of our deferred tax assets in the future, we would increase the valuation allowance and recognize a corresponding charge to earnings or other comprehensive income in the period in which we make such a determination. Likewise, if we later determine that we are more likely than not to realize the deferred tax assets, we would reverse the applicable portion of the previously recognized valuation allowance. In order for us to realize our deferred tax assets, we must be able to generate sufficient taxable income in the tax jurisdictions in which the deferred tax assets are located.
	The Company is required to make judgments, including estimating reserves for potential adverse outcomes regarding tax positions that the Company has taken. The Company accounts for uncertainty in income taxes using a recognition and measurement threshold for tax positions taken or expected to be taken in a tax return. Determining the income tax expense for potential assessments and recording the related effects requires management judgments and estimates. The amounts ultimately paid upon resolution of audits could be materially different from the amounts previously included in our income tax expense and, therefore, could have a material impact on our tax provision, net income and cash flows.
	The Company recognizes accrued interest related to uncertain tax positions in Interest expense and other and accrued penalties related to such positions in General and administrative expense in the Consolidated Statement of Operations.
Foreign Currency Translation	'
	Foreign Currency Translation
	The United States dollar is the functional currency for all of ZaZa’s consolidated subsidiaries except for certain of its French subsidiaries, for which the functional currency is the Euro. For subsidiaries whose functional currency is deemed to be other than the United States dollar, asset and liability accounts are translated using the period-end exchange rates and revenues and expenses are translated at average exchange rates prevailing during the period. Translation adjustments are included in Accumulated Other Comprehensive Income (“AOCI”) on the Consolidated Balance Sheets. Any gains or losses on transactions or monetary assets or liabilities in currencies other than the functional currency are included in net income (loss) in the current period.
Stock-based Compensation	'
	Stock-based Compensation
	Stock-based compensation cost is measured at the date of grant, based on the fair value of the award, and is recognized as expense, generally on a straight line basis over the vesting period of the award.  Forfeitures are estimated at the time of grant and revised, if necessary, in subsequent periods to reflect actual forfeitures. Awards subject to vesting requirements for non-employees are fair valued each reporting period, final fair value being determined at the vesting date.
	Our policy is to issue new shares for the exercise of stock options, when restricted stock awards are granted, and at vesting of restricted stock units.  Stock grants are approved by the Compensation Committee. To date only restricted stock awards have been granted under the Long Term Incentive Plan (the “Plan”). Restricted stock awards granted under the Plan vest 33% per year. Stock awards granted as Short term Incentive awards can vest anywhere between immediately and one year.
Correction of an Immaterial Error	'
	Correction of an Immaterial Error
	The Company revised its audited consolidated statement of cash flows for the year ended December 31, 2012 and unaudited consolidated statements of cash flows for the periods ended March 31, June 30 and September 30, 2012. While the Company concluded that the errors were not material in the context of the consolidated financial statements as a whole, it elected to correct the immaterial errors in the 2012 statement of cash flows to enhance comparability with amounts presented in the 2013 statement of cash flows.
	The revisions relate to discontinued operations within cash flows provided by / used in operating activities. After the revisions, loss from discontinued operations is separately disclosed as adjustments to reconcile net income to net cash provided by / used in operating activities on the consolidated statements of cash flows. The impact of the revisions which are limited to adjustments within operating cash flows and do not affect total cash flow from operating activities is presented in the table below (in thousands):
	Three months ended March 31, 2012 (unaudited)	Previously			Adjustments			As Adjusted
		reported
	Loss from discontinued operations	$	—		$	2,710		$	2,710
	Cash provided by (used in) operating activities - continuing operations	(57,189		)	2,710			(54,479		)
	Cash provided by (used in) operating activities - discontinued operations	$	(1,336	)	$	(2,710	)	$	(4,046	)
	Six months ended June 30, 2012 (unaudited)	Previously			Adjustments			As Adjusted
		reported
	Loss from discontinued operations	$	—		$	38,541		$	38,541
	Cash provided by (used in) operating activities - continuing operations	(87,891		)	38,541			(49,350		)
	Cash provided by (used in) operating activities - discontinued operations	$	38,525		$	(38,541	)	$	(16	)
	Nine months ended September 30, 2012 (unaudited)	Previously			Adjustments			As Adjusted
		reported
	Loss from discontinued operations	$	—		$	53,584		$	53,584
	Cash provided by (used in) operating activities - continuing operations	(133,647		)	53,584			(80,063		)
	Cash provided by (used in) operating activities - discontinued operations	$	62,283		$	(53,584	)	$	8,699
	Year ended December 31, 2012	Previously			Adjustments			As Adjusted
		reported
	Loss from discontinued operations	$	—		$	52,171		$	52,171
	Cash provided by (used in) operating activities - continuing operations	(177,451		)	52,171			(125,280		)
	Cash provided by (used in) operating activities - discontinued operations	$	53,636		$	(52,171	)	$	1,465
	The revisions do not impact our consolidated balance sheets, statements of operations and comprehensive income, changes in stockholders’ equity, net cash flows or earnings per share for the year ended December 31, 2012 or periods ended March 31, June 30 and September 30, 2012.
Recent Accounting Standards	'
	Recent Accounting Standards
	In February 2013, the Financial Accounting Standards Board (the “FASB”) issued guidance on disclosure requirements for items reclassified out of accumulated other comprehensive income by component. This new guidance requires entities to present (either on the face of the income statement or in the notes) the effects on the line items of the income statement for amounts reclassified out of accumulated other comprehensive income. We adopted this pronouncement for our fiscal year beginning January 1, 2013. The adoption of this pronouncement did not have a material effect on our consolidated financial statements.
	In December 2011, the FASB issued guidance on disclosure requirements about the nature of an entity’s right to offset and related arrangements associated with its financial instruments and derivative instruments. The new guidance requires the disclosure of the gross amounts subject to rights of set-off, amounts offset in accordance with the accounting standards followed, and the related net exposure. In January 2013, the FASB clarified that the scope of this guidance applies to derivatives, including bifurcated embedded derivatives, repurchase agreements and reverse repurchase agreements, and securities borrowing and securities lending transactions that are either offset or subject to an enforceable master netting arrangement, or similar agreements. We adopted this pronouncement for our fiscal year beginning January 1, 2013. The adoption of this pronouncement did not have a material effect on our consolidated financial statements.
	In July 2013, the FASB issued ASU 2013-11, Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists (“ASU 2013-11”). ASU 2013-11 is effective for the first interim or annual period beginning on or after December 15, 2013 with early adoption permitted. ASU 2013-11 amends ASC Topic 740, Income Taxes, to provide guidance and reduce diversity in practice on the financial statement presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists.  Except for the changes in the balance sheet presentation, the initial application of the standard had no impact to the Company.
Accounting pronouncements not yet adopted	'
	Accounting pronouncements not yet adopted
	In March 2013, the FASB issued AUS 2013-05 to clarify the accounting for the release of cumulative translation adjustment into net income when a parent either sells a part or all of its investment in a foreign entity or no longer holds a controlling financial interest in a subsidiary or group of assets that is a nonprofit activity or a business within a foreign entity.  The new standard is effective for fiscal years, and interim periods within those fiscal years, beginning on or after December 15, 2013. We do not anticipate that this adoption will have a significant impact on our financial position, results of operations or cash flows.

BASIS_OF_PRESENTATION_Tables

BASIS OF PRESENTATION (Tables)	12 Months Ended
	Dec. 31, 2013
BASIS OF PRESENTATION	'
Schedule of fair value of the merger consideration	'
	The fair value of the merger consideration was determined as follows (in thousands, except per share amounts):
	Shares of Toreador outstanding as of February 21, 2012	26,047
	Toreador share price as of February 21, 2012	$	5.18
	Total estimated purchase price	$	134,922
Summary of the value of the merger consideration and the fair value of the underlying assets and liabilities of Toreador	'
	The following is a summary of the value of the merger consideration and the fair value of the underlying assets and liabilities of Toreador (in thousands):
	Consideration exchanged (value of stock)	$	134,922
	Assets acquired:
	Cash	4,118
	Accounts receivable	3,000
	Other current assets	3,380
	Oil and gas properties	139,350
	Furniture and fixtures	950
	Other assets	533
	Total assets acquired:	151,331
	Liabilities assumed:
	Accounts payable	10,206
	Deferred lease payable	267
	Income taxes payable	925
	Long term liabilities	241
	Asset retirement obligations	4,513
	Long-term debt	31,754
	Deferred tax liability	9,168
	Total liabilities assumed:	57,074
	Net assets acquired	$	94,257
	Excess purchase price (i.e. goodwill)	$	40,665
Schedule of pro forma results of operations as if the merger between ZaZa and Toreador had been completed at the beginning of 2012	'
	The following table provides pro forma results of operations as if the merger between ZaZa and Toreador had been completed at the beginning of 2012 (in thousands, except per share data):
		Year Ended
		December 31, 2012
	Total revenues	$	236,375
	Net income (loss)	$	(107,074	)
	Basic earnings (loss) per share	$	(1.09	)
	Diluted earnings (loss) per share	$	(1.11	)
Disposal groups	'
Pro Forma Information Presenting Consolidate Results of Operations as if Moulton Sale had occurred January 1, 2012	'
	The information does not purport to represent what the actual consolidated results of operations of the Company would have been had the transactions occurred on January 1, 2012, nor are they necessarily indicative of future consolidated results of operations (unaudited) (in thousands except per share data).
		2013			2012
	Revenues	$	4,288		$	201,586
	Operating income (loss)	(101,833		)	73,900
	Net loss	(62,194		)	(103,248		)
	Basic earnings (loss) per share	$	(0.60	)	$	(1.05	)
	Diluted earnings (loss) per share	$	(0.60	)	$	(1.05	)
ZaZa Energy France SAS	'
Disposal groups	'
Results of Operations Presented as Discontinued Operations	'
	Results for these entities reported as discontinued operations from February 21, 2012 to December 21, 2012 and the year ended December 31, 2013 were as shown in the following table (in thousands).
					Period from
					February 21, 2012
		Year-ended			to
		December 31, 2013			December 31, 2012
	Oil revenues	$	—		$	27,861
	Operating loss	2,890			53,655
	Other (income) expenses	—			(719		)
	Loss on disposal of assets	—			787
	Income tax expense (benefit)	212			(1,552		)
	Loss from discontinued operations	$	3,102		$	52,171
Moulton Properties	'
Disposal groups	'
Results of Operations Presented as Discontinued Operations	'
	Revenues and lease operating expenses attributable to the Moulton properties for the year-ended December 31, 2013 and 2012 were as follows (in thousands):
		2013			2012
	Revenues	$	4,586		$	3,566
	Lease operating expenses	609			736

SUMMARY_OF_SIGNIFICANT_ACCOUNT2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2013
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
Schedule of Estimated Useful Lives	'
	Office furniture and fixtures	5-Feb
	Computing equipment	5-Feb
Summary of impact of revisions	'
	The impact of the revisions which are limited to adjustments within operating cash flows and do not affect total cash flow from operating activities is presented in the table below (in thousands):
	Three months ended March 31, 2012 (unaudited)	Previously			Adjustments			As Adjusted
		reported
	Loss from discontinued operations	$	—		$	2,710		$	2,710
	Cash provided by (used in) operating activities - continuing operations	(57,189		)	2,710			(54,479		)
	Cash provided by (used in) operating activities - discontinued operations	$	(1,336	)	$	(2,710	)	$	(4,046	)
	Six months ended June 30, 2012 (unaudited)	Previously			Adjustments			As Adjusted
		reported
	Loss from discontinued operations	$	—		$	38,541		$	38,541
	Cash provided by (used in) operating activities - continuing operations	(87,891		)	38,541			(49,350		)
	Cash provided by (used in) operating activities - discontinued operations	$	38,525		$	(38,541	)	$	(16	)
	Nine months ended September 30, 2012 (unaudited)	Previously			Adjustments			As Adjusted
		reported
	Loss from discontinued operations	$	—		$	53,584		$	53,584
	Cash provided by (used in) operating activities - continuing operations	(133,647		)	53,584			(80,063		)
	Cash provided by (used in) operating activities - discontinued operations	$	62,283		$	(53,584	)	$	8,699
	Year ended December 31, 2012	Previously			Adjustments			As Adjusted
		reported
	Loss from discontinued operations	$	—		$	52,171		$	52,171
	Cash provided by (used in) operating activities - continuing operations	(177,451		)	52,171			(125,280		)
	Cash provided by (used in) operating activities - discontinued operations	$	53,636		$	(52,171	)	$	1,465

EARNINGS_LOSS_PER_COMMON_SHARE1

EARNINGS (LOSS) PER COMMON SHARE (Tables)	12 Months Ended
	Dec. 31, 2013
EARNINGS (LOSS) PER COMMON SHARE	'
Schedule of Reconciliation of Numerators and Denominators of Basic and Diluted Loss Per Common Share Computation	'
		Year Ended December 31,
		2013			2012
		(In thousands, except per share data)
	Basic loss per share:
	Numerator:
	Loss from continuing operations	$	(64,463	)	$	(54,056	)
	Loss from discontinued operations, net	(3,102		)	(52,171		)
	Net loss	$	(67,565	)	$	(106,227	)
	Denominator:
	Weighted average common shares outstanding	103,462			98,029
	Basic loss per share:
	Continuing operations	$	(0.62	)	$	(0.55	)
	Discontinued operations	(0.03		)	(0.53		)
		$	(0.65	)	$	(1.08	)
	Diluted loss per share:
	Numerator:
	Loss from continuing operations	$	(64,463	)	$	(54,056	)
	Impact of assumed conversions on interest expense, net of income taxes	—			—
	Less: gain on fair value of warrants, net of tax	—			(3,633		)
		(64,463		)	(57,689		)
	Loss from discontinued operations, net	(3,102		)	(52,171		)
		$	(67,565	)	$	(109,860	)
	Denominator:
	Weighted average common shares outstanding	103,462			98,029
	Net warrants issued for secured debt under the treasury stock method	—		(a)	1,655
	Weighted average shares associated with convertible debt	—		(b)	—
	Unvested restricted stock	—		(c)	—
	Weighted average diluted shares outstanding	103,462			99,684
	Diluted loss per share:
	Continuing operations	$	(0.62	)	$	(0.58	)
	Discontinued operations	(0.03		)	(0.53		)
		$	(0.65	)	$	(1.11	)
	(a)                                 For the year ended December 31, 2013, the average ZaZa share price was lower than the exercise price of the warrants and therefore the anti-dilutive effect was not considered.
	(b)                                 For the year ended December 31, 2013 and 2012, the number of shares used in the calculation of diluted income per share did not include 16.0 million and 12.3 million common equivalent shares, respectively, from the embedded convertible options associated with the Convertible Senior Notes issued in October 2012, due to their anti-dilutive effect.
	(c)                                  For the year ended December 31, 2013, the number of shares used in the calculation of diluted income per share did not include 2.3 million unvested restricted common stock awards due to their anti-dilutive effect.  For the year ended December 31, 2012, the number of shares used in the calculation of diluted income per share did not include 155 thousand unvested restricted common stock awards due to their anti-dilutive effect.

BUSINESS_COMBINATIONS_Tables

BUSINESS COMBINATIONS (Tables)	12 Months Ended
	Dec. 31, 2013
BUSINESS COMBINATIONS	'
Schedule of consideration transferred, assets acquired, liabilities assumed and the resulting gain on asset disposition	'
	The tables below show the consideration transferred, assets acquired, liabilities assumed and the resulting gain on asset disposition (in thousands).
	Consideration transferred:
	Oil and gas properties	$	33,031
	Asset retirement obligations	(134		)
	Total book value of consideration transferred	$	32,897
	Assets acquired:
	Cash	$	17,838
	Oil and gas properties	33,127
	Other assets — long term (a)	7,250
	Total assets acquired	$	58,215
	Liabilities assumed:
	Asset retirement obligations	$	61
	Total liabilities assumed	$	61
	Net assets acquired	$	58,154
	Gain on asset disposition	$	25,257
	(a)                                 The other assets long-term represent the fair value of our carried interests to drill and complete four wells and carried costs of $1.25 million related to miscellaneous work and land expenses.

INCOME_TAXES_Tables

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2013
INCOME TAXES	'
Summary of income tax expense (benefit) from continuing operations	'
	The following table summarizes income tax expense (benefit) from continuing operations (in thousands).
		2013			2012
	Current income tax expense / (benefit):
	U.S. Federal	$	330		$	—
	U.S. State	525			642
	Foreign	(587		)	572
	Deferred income tax expense / (benefit):
	U.S. Federal	(32,711		)	82,162
	Foreign	(542		)	(456		)
	Total tax expense / (benefit)	$	(32,985	)	$	82,920
Schedule of reconciles income tax expense/(benefit) at the U.S. federal statutory rate to the expense/(benefit) for income taxes	'
	The following table reconciles income tax expense/(benefit) at the U.S. federal statutory rate to the expense/(benefit) for income taxes (in thousands).
		2013			2012
	Statutory tax at 35%	$	(34,108	)	$	10,102
	(Gain) Loss on Warrants	(4,376		)	(1,956		)
	Unremitted earnings of foreign subsidiary	(20,674		)	20,674
	Deemed dividend	(5,538		)	10,795
	Uncertain tax position	16,400			—
	Adjustments to valuation allowance	8,281			37,048
	Foreign rate differential and other	7,030			6,257
	Total tax expense / (benefit)	$	(32,985	)	$	82,920
Schedule of tax effects of temporary differences that give rise to significant portions of deferred tax assets and deferred tax liabilities	'
	The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities as of December 31, 2013 and 2012 is as follows (in thousands):
		December 31,
		2013			2012
	Net operating loss carryforward - United States	$	28,805		$	45,180
	Net operating loss carryforward - Foreign	2,400			1,864
	Oil and gas properties	10,894			—
	Merger costs	3,001			3,210
	Embedded conversion options associated with Convertible Senior Notes	—			2,870
	Other	3,095			161
	Deferred tax assets	48,195			53,285
	Valuation allowance	(45,329		)	(37,048		)
	Net deferred tax assets	$	2,866		$	16,237
	Oil and gas properties	—			42,429
	Unremitted earnings of foreign subsidiary	—			20,674
	Embedded conversion options associated with Convertible Senior Notes	2,866			—
	Other	—			299
	Deferred tax liabilities	2,866			63,402
	Net deferred tax liabilities	$	—		$	47,165
Schedule of gross carryforwards available to reduce future taxable income	'
	At December 31, 2013, the Company had the following gross carryforwards available to reduce future taxable income (in thousands):
	Jurisdiction	Expiration		Amount
	United States	2026 — 2032		$	88,168
	Foreign	unlimited		$	6,857
Schedule of valuation allowances	'
	Due to uncertainty related to the Company’s ability to generate taxable income in the respective countries sufficient to realize all of our deferred tax assets we have recorded the following valuation allowances on our loss carryforwards and various deferred tax assets for the years ended December 31, 2013 and 2012 (in thousands):
		2013			2012
	United States	$	42,929		$	35,184
	France	2,400			1,864
		$	45,329		$	37,048
Schedule of amounts of gross unrecognized tax benefits	'
	The following is a tabular reconciliation of the total amounts of gross unrecognized tax benefits (in thousands):
		Year Ended December 31,
		2013			2012
	Balance at the beginning of period	$	—		$	—
	Gross increases - tax positions in current period	16,400			—
	Gross increases - tax positions in prior periods	—			—
	Settlement	—			—
	Lapse of statute of limitations	—			—
	Balance at the end of period	$	16,400		$	—

FAIR_VALUE_MEASUREMENTS_Tables

FAIR VALUE MEASUREMENTS (Tables)	12 Months Ended
	Dec. 31, 2013
FAIR VALUE MEASUREMENTS	'
Summary of Valuation of Liabilities Measured on Recurring Basis at Levels of Fair Value	'
	The following table summarizes the valuation of our liabilities measured on a recurring basis at levels of fair value at December 31, 2013 and 2012 (in thousands).  We did not have any liabilities subject to fair value measurement prior to 2012.
		Fair Value Measurement using
		(Level 1)			(Level 2)			(Level 3)		Total
	At December 31, 2013:
	Warrants	$	—		$	—		$	15,540	$	15,540
	Embedded conversion options	—			—			4,995		4,995
	Total	$	—		$	—		$	20,535	$	20,535
		Fair Value Measurement using
		(Level 1)			(Level 2)			(Level 3)		Total
	At December 31, 2012:
	Warrants	$	—		$	—		$	28,043	$	28,043
	Embedded conversion options	—			—			21,382		21,382
	Total	$	—		$	—		$	49,425	$	49,425
Schedule of Reconciliation of Changes in Fair Value of Liabilities	'
	The following is a reconciliation of changes in fair value of our liabilities classified as Level 3 during the twelve months ended December 31, 2013 and 2012 (in thousands):
		Year Ended December 31,
		2013			2012
	Balance at beginning of period	$	49,425		$	—
	Issuance of warrants	—			33,632
	Amendment to warrant agreement	10,891			—
	Issuance of embedded conversion options	—			13,183
	Unrealized (gain) loss on warrants included in earnings	(23,394		)	(5,589		)
	Unrealized (gain) loss on embedded conversion option included in earnings	(16,387		)	8,199
	Balance at end of period	$	20,535		$	49,425

ASSETS_HELD_FOR_SALE_Tables

ASSETS HELD FOR SALE (Tables)	12 Months Ended
	Dec. 31, 2013
ASSETS HELD FOR SALE	'
Schedule of Components of Assets Held for Sale	'
	The following table summarizes the assets and liabilities associated with assets held for sale (current and non-current) (in thousands).
		December 31,		December 31,
		2013		2012
	Accounts receivable - revenue receivable	$	—	$	113
	Oil and gas properties	—		13,095
	Accumulated depletion	—		(3,060		)
	Asset retirement obligations	—		(183		)
	Accounts payable and accrued liabilities	—		—
	Total assets held for sale, net (current and non-current)	$	—	$	9,965

ASSET_RETIREMENT_OBLIGATIONS_T

ASSET RETIREMENT OBLIGATIONS (Tables)	12 Months Ended
	Dec. 31, 2013
ASSET RETIREMENT OBLIGATIONS	'
Summary of changes in asset retirement obligations	'
	The following table summarizes the changes in our asset retirement obligations during the years ended December 31, 2013 and 2012 (in thousands).
		Year Ended December 31,
		2013			2012
	Asset retirement obligations at January 1	$	130		$	309
	Obligations assumed in the Combination	—			4,513
	Obligations incurred	68			313
	Revisions	125			26
	Obligations extinguished	—			(356		)
	Obligations divested	(257		)	(4,912		)
	Obligations reclassified from (as) held for sale	189			(183		)
	Accretion expense	51			420
	Asset retirement obligations at the end of the period	$	306		$	130

LONGTERM_DEBT_Tables

LONG-TERM DEBT (Tables)	12 Months Ended
	Dec. 31, 2013
LONG-TERM DEBT.	'
Schedule of long-term debt	'
	Our long-term debt consisted of the following (in thousands):
		December 31,
		2013			2012
	Senior Secured Notes, net of discount (1)	$	23,146		$	23,647
	Convertible Senior Notes, net of discount (2)	27,957			25,298
	Subordinated notes (3)	47,330			47,330
	Subtotal	98,433			96,275
	Less: current portion (4)	(10,177		)	(25,298		)
	Total long-term debt	$	88,256		$	70,977
	(1)                                  The Senior Secured Notes issuance discount is amortized to the principal amount through the date of the first put right on February 21, 2015 using the effective interest rate method and rate of 19.85%.  On February 6, 2014, the Company used the approximately $11.5 million of restricted cash together with approximately $1.1 million of cash on hand, to prepay a portion of its 8% Senior Secured Notes due 2017 as further described in Note 19 — Subsequent events.
	(2)                                  The Convertible Senior Notes issuance discount is amortized to the principal amount through maturity on August 21, 2017 using the effective interest rate method and rate of 17.40%.
	(3)                                  On February 24, 2014 the Company agreed to exchange $47.3 million of Subordinated Notes into a combination of shares of ZaZa common stock and a new series of perpetual preferred stock as described in Note 19 — Subsequent events.
	(4)                                  We classified $10.2 million of our Senior Secured Notes as current as of December 31, 2013 and $25.3 million of our Convertible Senior Notes as current as of December 31, 2012. We are required to reduce the principal amount of our Senior Secured Notes to $15 million by February 28, 2014 pursuant to Amendment No. 5 to the Securities and Purchase Agreement, as defined below. Accordingly, we classified $10.2 million, consisting of the required pre-payment of principal of $11.8 million minus a discount of $1.6 million, as current. The Convertible Notes are convertible, at the option of the holder, into shares of the Company’s common stock.  Due to certain limitations under the indenture regarding the Company’s ability to settle the conversion in shares, the debt was classified as current until May 30, 2013.  As of May 30, 2013, shareholder approval of the issuance of common stock in excess of 20% of the outstanding shares allowed us to classify the Convertible Senior Notes as long-term.
Schedule of interest expense	'
	For the years ended December 31, 2013 and 2012, interest expense consisted of the following (in thousands):
		December 31,
		2013			2012
	Interest expense on Senior Secured Notes	$	2,377		$	5,838
	Interest expense on Convertible Senior Notes	3,600			690
	Interest expense on Subordinated Notes	3,786			3,308
	Interest expense on revolving credit line	—			45
	Interest expense on ZaZa LLC Members’ Notes	—			50
	Amortization of issuance costs on Senior Secured Notes	58			454
	Amortization original issuance discount on Senior Secured Notes	1,817			3,986
	Amortization of issuance costs on Convertible Senior Notes	373			82
	Amortization original issuance discount on Convertible Senior Notes	2,660			480
	Other interest (income) expense	(56		)	335
	Capitalized interest	(346		)	(563		)
	Total interest expense, net	$	14,269		$	14,705

STOCKBASED_COMPENSATION_Tables

STOCK-BASED COMPENSATION (Tables)	12 Months Ended
	Dec. 31, 2013
STOCK-BASED COMPENSATION	'
Summary of Changes in Restricted Stock Awards	'
		Number		Weighted Average
		of Shares		Grant Date
		(in thousand)		Fair Value per Share		Intrinsic value
	Unvested balance at December 31, 2011	—		$	—	$	—
	Granted	6,492		4.01		26,016
	Vested	(6,337	)	4		25,346
	Unvested balance at December 31, 2012	155		$	4.32	$	670
	Granted	4,018		1.47		5,896
	Vested	(1,786	)	1.43		(2,563		)
	Cancelled/Forfeited	(80	)	1.32		(105		)
	Unvested balance at December 31, 2013	2,307		$	1.69	$	3,898

OPERATING_LEASES_Tables

OPERATING LEASES (Tables)	12 Months Ended
	Dec. 31, 2013
OPERATING LEASES	'
Schedule of future minimum rental payments under all non-cancelable operating leases	'
	Future minimum rental payments under all non-cancelable operating leases as of December 31, 2013 were as follows (in thousands):
		Gross payments		Sublease receipts			Net payments
	2014	$	1,161	$	(411	)	$	750
	2015	147		—			147
	2016	147		—			147
	2017	30		—			30
	2018	—		—			—
	Thereafter	—		—			—
		$	1,485	$	(411	)	$	1,074

DISCLOSURE_OF_MAJOR_CUSTOMERS_

DISCLOSURE OF MAJOR CUSTOMERS (Tables)	12 Months Ended
	Dec. 31, 2013
DISCLOSURE OF MAJOR CUSTOMERS	'
Summary of customers who accounted for more than 10% of revenues	'
	For the years ended December 31, 2013 and 2012, customers who accounted for more than 10% of revenues included (in thousands):
		2013		2012
	Gulfmark Energy, Inc.	$	4,141	$	1,836
	Texla Energy Management Inc	1,192		878
	Hess Corporation	—		3,883
	Southern Bay Oil & Gas LP	997		—

BASIS_OF_PRESENTATION_Details

BASIS OF PRESENTATION (Details) (USD $)	12 Months Ended		0 Months Ended		12 Months Ended				0 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Feb. 21, 2012	Feb. 21, 2012	Dec. 31, 2012	Feb. 28, 2012	Feb. 21, 2012	Feb. 21, 2012	Feb. 21, 2012
	item		ZaZa LLC	Toreador	Toreador	Toreador	Toreador	Toreador	Toreador
			item	item			Oil and Gas Properties	Furniture and fixtures	ZaZa LLC
BASIS OF PRESENTATION	'	'	'	'	'	'	'	'	'
Number of subsidiaries	2	'	'	'	'	'	'	'	'
Number of period of which financial statement included	2	'	'	'	'	'	'	'	'
Number of adjustment that is applied to retroactively adjust the accounting acquirer's legal capital to reflect the legal capital of the legal parent	1	'	'	'	'	'	'	'	'
Combination of ZaZa LLC and Toreador Resources Corporation	'	'	'	'	'	'	'	'	'
Number of former members	'	'	3	'	'	'	'	'	'
Percentage of limited liability company interests	'	'	100.00%	'	'	'	'	'	'
Profits interests contribution (as a percent)	'	'	100.00%	'	'	'	'	'	'
Common shares, par value (in dollars per share)	$0.01	$0.01	'	$0.16	'	'	'	'	'
Number of share of common stock issued against each share of acquiree	'	'	'	1	'	'	'	'	'
Percentage of issued and outstanding shares of common stock immediately after the consummation of the combination	'	'	'	25.00%	'	'	'	'	'
Cash paid	'	'	'	'	'	'	'	'	$4,800,000
Fair value of the merger consideration	'	'	'	'	'	'	'	'	'
Shares of Toreador outstanding as of February 21, 2012	107,589,041	102,519,001	'	26,047	'	'	'	'	'
Toreador share price as of February 21, 2012 (in dollars per share)	'	'	'	$5.18	'	'	'	'	'
Total estimated purchase price	'	'	'	134,922,000	'	'	'	'	'
Assets acquired:	'	'	'	'	'	'	'	'	'
Net assets acquired	'	'	'	94,257,000	'	'	'	'	'
Total assets acquired:	'	'	'	151,331,000	'	'	'	'	'
Cash	'	'	'	4,118,000	'	'	'	'	'
Accounts receivable	'	'	'	3,000,000	'	'	'	'	'
Other current assets	'	'	'	3,380,000	'	'	'	'	'
Oil and gas properties	'	'	'	139,350,000	'	'	139,350,000	'	'
Non current assets	'	'	'	950,000	'	'	'	950,000	'
Other assets	'	'	'	533,000	'	'	'	'	'
Liabilities assumed:	'	'	'	'	'	'	'	'	'
Total liabilities assumed:	'	'	'	57,074,000	'	'	'	'	'
Accounts payable	'	'	'	10,206,000	'	'	'	'	'
Deferred lease payable	'	'	'	267,000	'	'	'	'	'
Income taxes payable	'	'	'	925,000	'	'	'	'	'
Long term liabilities	'	'	'	241,000	'	'	'	'	'
Asset retirement obligations	'	'	'	4,513,000	'	'	'	'	'
Long-term debt	'	'	'	31,754,000	'	'	'	'	'
Deferred tax liability	'	'	'	9,168,000	'	9,200,000	'	'	'
Excess purchase price (i.e. goodwill)	'	'	'	40,665,000	'	'	'	'	'
Pro forma results of operations	'	'	'	'	'	'	'	'	'
Total revenues	'	'	'	'	236,375,000	'	'	'	'
Net income (loss)	'	'	'	'	($107,074,000)	'	'	'	'
Basic earnings (loss) per share (in dollars per share)	'	'	'	'	($1.09)	'	'	'	'
Diluted earnings (loss) per share (in dollars per share)	'	'	'	'	($1.11)	'	'	'	'

BASIS_OF_PRESENTATION_Details_

BASIS OF PRESENTATION (Details 2) (USD $)	3 Months Ended	6 Months Ended	9 Months Ended	12 Months Ended		0 Months Ended	12 Months Ended	10 Months Ended	12 Months Ended
	Mar. 31, 2012	Jun. 30, 2012	Sep. 30, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 21, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013
						ZaZa Energy France SAS	ZaZa Energy France SAS	ZaZa Energy France SAS	ZaZa Energy France SAS
							segment	France Jurisdiction	France Jurisdiction
Sale of ZaZa Energy France SAS	'	'	'	'	'	'	'	'	'
Percentage of ownership sold	'	'	'	'	'	100.00%	'	'	'
Cash received	'	'	'	'	'	$76,000,000	'	'	'
Net cash received	'	'	'	'	'	68,000,000	'	'	'
Escrow deposit	'	'	'	'	'	15,000,000	'	'	'
Number of operating segments	'	'	'	'	'	'	1	'	'
Oil revenues	'	'	'	'	'	'	'	27,861,000	'
Operating loss	'	'	'	'	'	'	'	53,655,000	2,890,000
Other (income) expenses	'	'	'	'	'	'	'	-719,000	'
Loss on disposal of assets	'	'	'	'	'	'	'	787,000	'
Income tax expense (benefit)	'	'	'	'	'	'	'	-1,552,000	212,000
Loss from discontinued operations	$2,710,000	$38,541,000	$53,584,000	$3,102,000	$52,171,000	'	'	$52,171,000	$3,102,000

BASIS_OF_PRESENTATION_Details_1

BASIS OF PRESENTATION (Details 3) (USD $)

3 Months Ended

0 Months Ended

0 Months Ended

0 Months Ended

0 Months Ended

12 Months Ended

Sep. 30, 2012

Oct. 15, 2013

Mar. 02, 2014

Oct. 15, 2013

Oct. 15, 2013

Oct. 15, 2013

Oct. 15, 2013

Mar. 07, 2014

Oct. 15, 2013

Mar. 21, 2013

Mar. 21, 2013

Mar. 21, 2013

Apr. 02, 2013

Oct. 15, 2013

Oct. 15, 2013

Oct. 15, 2013

Oct. 15, 2013

Oct. 15, 2013

Mar. 07, 2014

Dec. 31, 2013

Subsequent events

East Texas properties

East Texas properties

East Texas properties

East Texas properties

East Texas properties

Eaglebine/Eagle Ford East properties

Eaglebine/Eagle Ford East properties

Eaglebine/Eagle Ford East properties

Eaglebine/Eagle Ford East properties

Eaglebine/Eagle Ford East properties

Eaglebine/Eagle Ford East properties

Eaglebine/Eagle Ford East properties

Eaglebine/Eagle Ford East properties

Eaglebine/Eagle Ford East properties

Eaglebine/Eagle Ford East properties

Eaglebine/Eagle Ford East properties

Eaglebine/Eagle Ford East properties

EOG Resources Inc.

EOG Resources Inc.

EOG Resources Inc.

EOG Resources Inc.

Walker, Grimes, Madison, Trinity, and Montgomery Counties, Texas

EOG Resources Inc.

EOG Resources Inc.

EOG Resources Inc.

EOG Resources Inc.

EOG Resources Inc.

EOG Resources Inc.

EOG Resources Inc.

EOG Resources Inc.

EOG Resources Inc.

EOG Resources Inc.

Joint Development Phase II Acceleration

Joint Development Phase II Acceleration

Joint Development Phase III Acceleration

Exchange of leases and wells

Acreage partially owned by ZaZa

Walker, Grimes, Madison, Trinity, and Montgomery Counties, Texas

Walker, Grimes, Madison, Trinity, and Montgomery Counties, Texas

Joint Development Phase I Acceleration

Joint Development Phase II Acceleration

Joint Development Phase II Acceleration

Joint Development Phase II Acceleration

Joint Development Phase II Acceleration

Joint Development Phase III Acceleration

Joint Development Phase III Acceleration

Exchange of leases and wells

Walker, Grimes, Madison, Trinity, and Montgomery Counties, Texas

Walker, Grimes, Madison, Trinity, and Montgomery Counties, Texas

Walker, Grimes, Madison, Trinity, and Montgomery Counties, Texas

Walker, Grimes, Madison, Trinity, and Montgomery Counties, Texas

acre

Acreage partially owned by ZaZa

Walker, Grimes, Madison, Trinity, and Montgomery Counties, Texas

Walker, Grimes, Madison, Trinity, and Montgomery Counties, Texas

Walker, Grimes, Madison, Trinity, and Montgomery Counties, Texas

Walker, Grimes, Madison, Trinity, and Montgomery Counties, Texas

Walker, Grimes, Madison, Trinity, and Montgomery Counties, Texas

Walker, Grimes, Madison, Trinity, and Montgomery Counties, Texas

Walker, Grimes, Madison, Trinity, and Montgomery Counties, Texas

Walker, Grimes, Madison, Trinity, and Montgomery Counties, Texas

Vertical Wells

acre

Subsequent events

item

acre

item

Horizontal Wells

Vertical Wells

Acreage partially owned by ZaZa

acre

Subsequent events

acre

acre

item

item

item

acre

item

item

item

East Texas Joint Venture with EOG

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Maximum area to be developed, gross

'

'

'

'

'

'

'

'

'

'

134,000

'

'

'

'

'

'

'

'

'

Working interest retained in acreage (as a percent)

'

'

'

'

'

'

'

'

'

25.00%

'

'

'

'

'

'

'

'

'

25.00%

Working interest earned by agreement partner (as a percent)

'

'

'

'

'

'

'

'

'

'

'

75.00%

'

'

'

'

'

'

'

'

Number of phases of joint development

'

'

'

'

'

'

'

'

'

'

3

'

'

'

'

'

'

'

'

'

Gas and oil property transferred to agreement partner

'

'

'

'

'

'

'

9,600

'

'

'

'

20,000

'

'

'

20,000

7,800

'

13,875

Cash received

$84,000,000

'

$4,700,000

'

'

'

'

$4,700,000

'

'

'

'

$10,000,000

'

'

'

'

'

$4,700,000

'

Percentage of well costs to be paid by counterparty

'

'

'

'

'

'

'

'

'

'

100.00%

'

100.00%

'

'

'

'

'

'

'

Exploration Wells to be Drilled

'

'

'

'

'

'

'

2

'

'

'

'

3

'

2

1

'

'

2

'

Cash received

'

'

'

17,838,000

'

'

'

'

'

'

'

'

'

17,000,000

'

'

'

'

'

'

Proved oil and gas properties fair value

'

'

'

'

'

'

'

'

17,000,000

'

'

'

'

3,000,000

'

'

'

11,000,000

'

'

Number of productive wells received

'

'

'

'

'

'

'

'

'

'

'

'

'

15

'

'

'

15

'

'

Miscellaneous carried work and land costs recognized at acquisition

'

1,250,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Cost of wells paid by agreement partner

'

'

'

'

1,500,000

1,500,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Area of gas and oil property to be acquired under option of agreement

'

'

'

'

'

'

12,300

'

'

'

'

'

'

'

'

'

'

'

'

'

Maximum miscellaneous work and land carry

'

'

'

'

'

'

'

9,200,000

'

'

'

'

'

'

'

'

'

'

9,100,000

'

Additional net acres and interests in related wells acquired by counterparty in parties' AMI

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

19,000

Cash paid

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$700,000

Working interest assigned to joint venture partner (as a percent)

'

'

'

'

'

'

'

75.00%

'

'

'

'

'

'

'

'

'

'

'

'

BASIS_OF_PRESENTATION_Details_2

BASIS OF PRESENTATION (Details 4) (USD $)	0 Months Ended		12 Months Ended
	Jul. 26, 2013	Apr. 05, 2013	Dec. 31, 2013	Dec. 31, 2012	Jun. 27, 2013
	item
	acre
Sale of Moulton Properties	'	'	'	'	'
Principal amount of debt paid down	'	'	$6,430,000	$66,800,000	'
Senior Secured Notes	'	'	'	'	'
Sale of Moulton Properties	'	'	'	'	'
Principal amount of debt paid down	1,800,000	4,600,000	'	'	'
Outstanding principal	26,800,000	'	'	33,200,000	'
Moulton Properties	'	'	'	'	'
Sale of Moulton Properties	'	'	'	'	'
Cash received	29,300,000	9,200,000	'	'	'
Net cash received	'	8,800,000	'	'	'
Net acres sold	10,000	'	'	'	'
Number of producing wells sold	7	'	'	'	'
Sales consideration	'	'	'	'	28,800,000
Revenues and lease operating expenses attributable to the Moulton properties	'	'	'	'	'
Revenues	'	'	4,586,000	3,566,000	'
Lease operating expenses	'	'	609,000	736,000	'
Supplemental proforma information	'	'	'	'	'
Revenues	'	'	4,288,000	201,586,000	'
Operating income (loss)	'	'	-101,833,000	73,900,000	'
Net loss	'	'	($62,194,000)	($103,248,000)	'
Basic earnings (loss) per share (in dollars per share)	'	'	($0.60)	($1.05)	'
Diluted earnings (loss) per share (in dollars per share)	'	'	($0.60)	($1.05)	'

BASIS_OF_PRESENTATION_Details_3

BASIS OF PRESENTATION (Details 5) (Sabine South Texas LLC, Sweet Home Prospect in Lavaca and DeWitt Counties, USD $)	0 Months Ended
	Feb. 15, 2014	Sep. 17, 2013
	acre	acre
		item
Sabine South Texas LLC | Sweet Home Prospect in Lavaca and DeWitt Counties	'	'
South Texas Joint Venture with Sabine	'	'
Maximum area to be developed, net	'	7,600
Percentage of well costs to be paid by counterparty	'	100.00%
Exploration Wells to be Drilled	'	2
Construction costs to be paid by Sabine	'	$750,000
Working interest to be transferred to agreement partner on additional development (as a percent)	'	75.00%
Maximum miscellaneous work and land carry	'	$300,000
Working interest in additional development (as a percent)	'	75.00%
Gas and oil property transferred to agreement partner	3,200	'
Working interest in transferred to agreement partner (as a percent)	75.00%	'

GOING_CONCERN_Details

GOING CONCERN (Details) (USD $)

3 Months Ended

9 Months Ended

12 Months Ended

0 Months Ended

12 Months Ended

0 Months Ended

10 Months Ended

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Dec. 31, 2013

Dec. 31, 2012

Mar. 02, 2014

Dec. 31, 2014

Dec. 31, 2013

Dec. 31, 2013

Feb. 21, 2014

Feb. 06, 2014

Dec. 31, 2014

Subsequent events

Forecast

Forecast

Senior secured notes after Amendment No. 5

Senior secured notes after Amendment No. 5

Senior secured notes after Amendment No. 5

Senior secured notes after Amendment No. 5

item

Subsequent events

Subsequent events

Subsequent events

Going concern

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of wells to be drill, gross

'

'

'

'

'

'

'

'

8

'

'

'

'

Number of wells to be drill, net

'

'

'

'

'

'

'

'

2

'

'

'

'

General and administrative expenses

$4,230,000

$17,313,000

$23,642,000

$71,048,000

$29,391,000

$97,941,000

'

$14,600,000

'

'

'

'

'

Interest payments

'

'

'

'

8,790,000

9,118,000

'

16,700,000

'

'

'

'

'

Capital expenditures

'

'

'

'

-47,382,000

-54,080,000

'

400,000

'

'

'

'

'

Lease extensions

'

'

'

'

'

'

'

3,600,000

'

'

'

'

'

Payment of senior secured notes

'

'

'

'

-6,430,000

-66,800,000

'

'

'

'

'

-11,800,000

0

Cash on hand utilized to prepay debt

'

'

'

'

'

'

'

'

'

'

1,100,000

'

'

Cash received

'

84,000,000

'

'

'

'

4,700,000

'

'

'

'

'

15,000,000

Outstanding principal

'

'

'

'

'

'

'

'

'

$26,800,000

'

'

'

AGREEMENTS_WITH_HESS_CORPORATI1

AGREEMENTS WITH HESS CORPORATION (Details) (EDA, USD $)	Dec. 31, 2013	Jul. 25, 2012	Apr. 30, 2010	Dec. 31, 2013	Dec. 31, 2012	Apr. 29, 2010
In Millions, unless otherwise specified	ZaZa LLC	Hess	Hess	Hess	Hess	Hess
			ZaZa LLC	ZaZa LLC	ZaZa LLC	ZaZa LLC
Termination of agreement	'	'	'	'	'	'
Threshold limit of production for payment of all acquisition costs by Hess	'	'	$500	'	'	'
Leases acquired	'	'	'	'	$366	'
Working interest retained by agreement partner (as a percent)	'	'	'	'	'	90.00%
Working interest retained (as a percent)	10.00%	'	'	'	'	'
Percentage of cash bonus per net acre of each lease purchased	'	10.00%	'	10.00%	'	'
Number of days in which advance is received before incurring actual expenditure	'	'	'	'30 days	'	'

AGREEMENTS_WITH_HESS_CORPORATI2

AGREEMENTS WITH HESS CORPORATION (Details 2) (USD $)

3 Months Ended

12 Months Ended

0 Months Ended

0 Months Ended

0 Months Ended

12 Months Ended

1 Months Ended

3 Months Ended

1 Months Ended

0 Months Ended

3 Months Ended

Sep. 30, 2012

Dec. 31, 2013

Dec. 31, 2012

Mar. 02, 2014

Feb. 06, 2014

Jul. 26, 2013

Apr. 05, 2013

Dec. 31, 2013

Dec. 31, 2012

Jul. 25, 2012

Dec. 31, 2013

Dec. 31, 2012

Feb. 06, 2014

Jul. 25, 2012

Feb. 02, 2014

Dec. 31, 2013

Jul. 31, 2012

Jul. 31, 2012

Sep. 30, 2012

Jul. 31, 2012

Jul. 31, 2012

Jul. 31, 2012

Jul. 31, 2012

Jun. 30, 2012

Jul. 25, 2012

Sep. 30, 2012

Jul. 31, 2012

Jul. 25, 2012

Subsequent events

Agreement with Hess

Senior Secured Notes

Senior Secured Notes

Senior Secured Notes

Senior Secured Notes

Senior secured notes due 2017, extinguished with Amendment No. 5

Senior secured notes due 2017, extinguished with Amendment No. 5

Senior secured notes due 2017, extinguished with Amendment No. 5

Senior secured notes due 2017, extinguished with Amendment No. 5

Maximum

Hess

EDA

HoA

HoA

HoA

HoA

HoA

HoA

HoA

Amendment to EDA dated April 28, 2010

Hess Agreements

Hess Agreements

Hess Agreements

Hess Agreements

Subsequent events

Subsequent events

Senior secured notes due 2017, extinguished with Amendment No. 5

Agreement with Hess

ZaZa LLC

Eagle Ford Core Area

Paris Basin

Hess

Hess

Hess

Hess

Hess

ZaZa LLC

Hess

Hess

Hess

Subsequent events

Eagle Ford Core Area

acre

Hackberry Prospect Area

Moulton Prospect Area

Sweet Home Prospect Area

Cotulla Prospect Area

Cotulla Prospect Area

Cotulla Prospect Area

item

acre

Termination of agreement

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of wells successfully drilled and completed

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

18

'

'

'

'

'

'

'

'

'

'

'

'

Additional acreage received

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

60,500

'

'

'

'

'

4,490

'

'

'

'

'

ORRI received (as a percent)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

5.00%

'

1.00%

2.00%

1.00%

'

'

'

'

'

'

Maximum ORRI receivable under agreement

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$130,000,000

'

'

'

'

'

'

'

'

'

'

Cash received

84,000,000

'

'

4,700,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

69,000,000

'

'

'

Cash payment required by ZaZa LLC to reinstate well-carry obligations

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

15,000,000

'

'

'

'

Percentage of net proceeds receivable on sale of retained working interest of counterparty if proceeds received are in excess of $1 billion

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

5.00%

Percentage of net proceeds receivable on sale of retained working interest of counterparty if proceeds received are in excess of $1.2 billion

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

10.00%

Threshold of net proceeds for five percent on sale of working interest by the other party for entitlement to share in proceeds

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,000,000,000

'

Threshold of net proceeds for ten percent on sale of working interest by the other party for entitlement to share in proceeds

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,200,000,000

'

Percentage entitlement in cash proceeds from prosecution of claims for non delivery or non refund of payments for acreage

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

50.00%

'

'

Gain related to termination of agreements

'

'

195,527,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

195,600,000

'

'

'

'

'

'

'

'

'

Oil and gas property step up to fair value

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

117,000,000

'

'

'

'

'

'

'

'

'

Write off of working capital

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

5,400,000

'

'

'

'

'

'

'

'

'

Interest rate (as a percent)

'

'

'

'

'

'

'

8.00%

'

'

8.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Specified principal amount of debt to be reduced below

'

'

'

'

'

'

'

'

'

25,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Outstanding principal amount target before interest rate increase

'

'

'

'

'

'

'

'

'

'

'

35,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Interest rate, if the principal amount is not paid down to the amount stated in provision by the end of one-year anniversary of the Purchase Agreement (as a percent)

'

'

'

'

'

'

'

'

'

'

'

'

'

10.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Maximum additional reserves-based secured borrowings permitted

'

'

'

'

'

'

'

'

'

50,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Principal amount of debt paid down

'

6,430,000

66,800,000

'

'

1,800,000

4,600,000

'

'

33,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt repayment associated fee

'

'

'

'

'

'

'

'

'

3,500,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Charge due to write off of issuance costs and discount amount

'

'

'

'

'

'

'

'

'

11,700,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Release of restricted cash proceeds that had been held in escrow

'

'

'

'

15,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Release of restricted cash proceeds that had been held in escrow to the company

'

'

'

'

11,500,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Release of restricted cash proceeds that had been held in escrow to Hess

'

'

'

'

'

'

'

'

'

'

'

'

'

'

3,500,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Outstanding principal

'

'

'

'

'

$26,800,000

'

'

$33,200,000

'

'

'

$15,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

SUMMARY_OF_SIGNIFICANT_ACCOUNT3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	12 Months Ended	27 Months Ended
	Dec. 31, 2013	Jul. 25, 2012
		Hess
		EDA
Revenue Recognition	'	'
Pipeline imbalances cash settlement period	'30 days	'
Revenue Recognition	'	'
Bonus income as a percentage of all direct costs associated with acquiring the net mineral acres as defined in the EDA	'	10.00%

SUMMARY_OF_SIGNIFICANT_ACCOUNT4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 2)	12 Months Ended
	Dec. 31, 2013
Office furniture and fixtures | Minimum	'
Furniture and Fixtures	'
Estimated useful lives	'2 years
Office furniture and fixtures | Maximum	'
Furniture and Fixtures	'
Estimated useful lives	'5 years
Computing equipment | Minimum	'
Furniture and Fixtures	'
Estimated useful lives	'2 years
Computing equipment | Maximum	'
Furniture and Fixtures	'
Estimated useful lives	'5 years

SUMMARY_OF_SIGNIFICANT_ACCOUNT5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 3) (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Millions, unless otherwise specified
Deferred Finance Costs	'	'
Debt issuance costs	$2.50	$7
Accumulated amortization of debt issuance costs	$0.50	$3.30

SUMMARY_OF_SIGNIFICANT_ACCOUNT6

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 4) (Restricted Stock)	12 Months Ended
	Dec. 31, 2013
Restricted Stock	'
Stock-based Compensation	'
Vesting percentage per year	33.00%
Vesting period, Short term Incentive award	'1 year

SUMMARY_OF_SIGNIFICANT_ACCOUNT7

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 5) (USD $)	3 Months Ended	6 Months Ended	9 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2012	Jun. 30, 2012	Sep. 30, 2012	Dec. 31, 2013	Dec. 31, 2012
Loss from discontinued operations	$2,710	$38,541	$53,584	$3,102	$52,171
Cash provided by (used in) operating activities - continuing operations	-54,479	-49,350	-80,063	-33,208	-125,280
Cash provided by (used in) operating activities - discontinued operations	-4,046	-16	8,699	-244	1,465
Previously reported	'	'	'	'	'
Cash provided by (used in) operating activities - continuing operations	-57,189	-87,891	-133,647	'	-177,451
Cash provided by (used in) operating activities - discontinued operations	-1,336	38,525	62,283	'	53,636
Adjustments	'	'	'	'	'
Loss from discontinued operations	2,710	38,541	53,584	'	52,171
Cash provided by (used in) operating activities - continuing operations	2,710	38,541	53,584	'	52,171
Cash provided by (used in) operating activities - discontinued operations	($2,710)	($38,541)	($53,584)	'	($52,171)

EARNINGS_LOSS_PER_COMMON_SHARE2

EARNINGS (LOSS) PER COMMON SHARE (Details) (USD $)	12 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Numerator:	'	'
Loss from continuing operations	($64,463)	($54,056)
Loss from discontinued operations, net	-3,102	-52,171
Net loss	-67,565	-106,227
Denominator:	'	'
Weighted average common shares outstanding	103,462	98,029
Basic loss per share:	'	'
Basic loss per share: Continuing operations (in dollars per share)	($0.62)	($0.55)
Basic loss per share: Discontinued operations (in dollars per share)	($0.03)	($0.53)
Total basic loss per share (in dollars per share)	($0.65)	($1.08)
Numerator:	'	'
Loss from continuing operations	-64,463	-54,056
Less: gain on fair value of warrants, net of tax	'	-3,633
Net loss from continuing operations	-64,463	-57,689
Loss from discontinued operations, net	-3,102	-52,171
Net loss	($67,565)	($109,860)
Denominator:	'	'
Weighted average common shares outstanding	103,462	98,029
Net warrants issued for secured debt under the treasury stock method	'	1,655
Weighted average diluted shares outstanding	103,462	99,684
Diluted loss per share:	'	'
Diluted loss per share: Continuing operations (in dollars per share)	($0.62)	($0.58)
Diluted loss per share: Discontinued operations (in dollars per share)	($0.03)	($0.53)
Total diluted loss per share (in dollars per share)	($0.65)	($1.11)
Embedded Convertible Options	'	'
Anti-dilutive securities	'	'
Excluded from calculation of diluted income (loss) per share due to their anti-dilutive effect (in shares)	16,000	12,300
Restricted Stock	'	'
Anti-dilutive securities	'	'
Excluded from calculation of diluted income (loss) per share due to their anti-dilutive effect (in shares)	2,300	155

BUSINESS_COMBINATIONS_Details

BUSINESS COMBINATIONS (Details) (USD $)	0 Months Ended	12 Months Ended
	Oct. 15, 2013	Dec. 31, 2013
	item
Liabilities assumed:	'	'
Gain on asset disposition	'	$25,683,000
Miscellaneous carried work and land costs recognized at acquisition	1,250,000	'
East Texas properties	'	'
Consideration transferred:	'	'
Oil and gas properties	33,031,000	'
Asset retirement obligations	-134,000	'
Total book value of consideration transferred	32,897,000	'
Assets acquired:	'	'
Cash	17,838,000	'
Oil and gas properties	33,127,000	'
Other assets - long term	7,250,000	'
Total assets acquired:	58,215,000	'
Liabilities assumed:	'	'
Total liabilities assumed:	61,000	'
Asset retirement obligations	61,000	'
Net assets acquired	58,154,000	'
Gain on asset disposition	25,257,000	'
Number of wells to be drilled and completed which include carried interests of the entity	4	'
Miscellaneous work and land expenses incurred	1,250,000	'
Miscellaneous work and land expenses reclassified from other assets-long term to oil and gas properties	'	1,250,000
Additional cost to drill and complete several wells incurred	'	2,100,000
Additional cost to drill and complete several wells reclassified from other assets-long term to oil and gas properties	'	1,500,000
Cost to drill and complete several wells not recognized on balance sheet	'	$600,000

INCOME_TAXES_Details

INCOME TAXES (Details) (USD $)	3 Months Ended
	Jun. 30, 2013	Dec. 31, 2013	Dec. 31, 2012	Feb. 28, 2012	Feb. 21, 2012
				Toreador	Toreador
INCOME TAXES	'	'	'	'	'
Capital gains taxes from wind up of foreign subsidiaries, paid	$2,400,000	'	'	'	'
Income taxes	'	'	'	'	'
Net deferred tax liabilities	'	'	'	9,200,000	9,168,000
Deferred tax assets	'	2,866,000	16,237,000	35,000,000	'
Deferred tax liabilities	'	$2,866,000	$63,402,000	$44,000,000	'

INCOME_TAXES_Details_2

INCOME TAXES (Details 2) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Current income tax expense / (benefit):	'	'
U.S. Federal	$330	'
U.S. State	525	642
Foreign	-587	572
Deferred income tax expense / (benefit):	'	'
U.S. Federal	-32,711	82,162
Foreign	-542	-456
Total tax expense/ (benefit)	($32,985)	$82,920

INCOME_TAXES_Details_3

INCOME TAXES (Details 3) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
INCOME TAXES	'	'
Statutory rate	35.00%	35.00%
Statutory tax at 35%	($34,108)	$10,102
(Gain) Loss on Warrants	-4,376	-1,956
Unremitted earnings of foreign subsidiary	-20,674	20,674
Deemed dividend	-5,538	10,795
Uncertain tax position	16,400	'
Adjustments to valuation allowance	8,281	37,048
Foreign rate differential and other	7,030	6,257
Total tax expense/ (benefit)	($32,985)	$82,920

INCOME_TAXES_Details_4

INCOME TAXES (Details 4) (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
INCOME TAXES	'	'
Net operating loss carryforward - United States	$28,805	$45,180
Net operating loss carryforward - Foreign	2,400	1,864
Oil and gas properties	10,894	'
Merger costs	3,001	3,210
Embedded conversion options associated with Convertible Senior Notes	'	2,870
Other	3,095	161
Deferred tax assets	48,195	53,285
Valuation allowance	-45,329	-37,048
Net deferred tax assets	2,866	16,237
Oil and gas properties	'	42,429
Unremitted earnings of foreign subsidiary	'	20,674
Embedded conversion options associated with Convertible Senior Notes	2,866	'
Other	'	299
Deferred tax liabilities	2,866	63,402
Net deferred tax liabilities	'	$47,165

INCOME_TAXES_Details_5

INCOME TAXES (Details 5) (USD $)	Dec. 31, 2013
In Thousands, unless otherwise specified
United States Jurisdiction	'
Operating loss carryforwards	'
Carryforwards	$88,168
Foreign Jurisdiction	'
Operating loss carryforwards	'
Carryforwards	$6,857

INCOME_TAXES_Details_6

INCOME TAXES (Details 6) (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Operating loss carryforwards	'	'
Deferred tax asset valuation allowance	$45,329	$37,048
United States Jurisdiction	'	'
Operating loss carryforwards	'	'
Deferred tax asset valuation allowance	42,929	35,184
France Jurisdiction	'	'
Operating loss carryforwards	'	'
Deferred tax asset valuation allowance	$2,400	$1,864

INCOME_TAXES_Details_7

INCOME TAXES (Details 7) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
INCOME TAXES	'	'
Balance at the beginning of period	$0	'
Gross increases - tax positions in current period	16,400,000	'
Gross increases - tax positions in prior periods	0	'
Balance at the end of period	16,400,000	'
Unrecognized tax benefits that if recognized would affect the effective tax rate	16,400,000	'
Long-term accrued liabilities	14,740,000	53,000
Long term accrued liabilities attributable to unrecognized tax benefits	14,300,000	'
Available NOL which is netted against the uncertain tax position	$2,100,000	'

FAIR_VALUE_MEASUREMENTS_Detail

FAIR VALUE MEASUREMENTS (Details) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Warrants	'	'
Fair value measurements	'	'
Average stock price volatility increase	5.00%	'
Effect of 5% increase in stock price volatility on FV of derivative	$0.60	'
Embedded Conversion Options	'	'
Fair value measurements	'	'
Average stock price volatility increase	5.00%	'
Effect of 5% increase in stock price volatility on FV of derivative	0.4	'
Senior Secured Notes	'	'
Fair value measurements	'	'
Potential increase in credit spread basis points	5.00%	'
Unamortized issuance discount	3.7	9.6
Effect of 500 basis points increase in credit spread on FV of debt instrument	0.7	'
Convertible Senior Notes	'	'
Fair value measurements	'	'
Potential increase in credit spread basis points	5.00%	'
Unamortized issuance discount	12	14.7
Effect of 500 basis points increase in credit spread on FV of debt instrument	3	'
Carrying amount | Senior Secured Notes	'	'
Fair value measurements	'	'
Fair market value of debt	23.1	'
Carrying amount | Convertible Senior Notes	'	'
Fair value measurements	'	'
Fair market value of debt	28	'
Carrying amount | Subordinated notes	'	'
Fair value measurements	'	'
Fair market value of debt	47.3	'
Fair value amount | Subordinated notes	'	'
Fair value measurements	'	'
Fair market value of debt	47.4	'
Fair value amount | Level 3 measurement | Senior Secured Notes	'	'
Fair value measurements	'	'
Fair market value of debt	25.6	'
Fair value amount | Level 3 measurement | Convertible Senior Notes	'	'
Fair value measurements	'	'
Fair market value of debt	$34.40	'

FAIR_VALUE_MEASUREMENTS_Detail1

FAIR VALUE MEASUREMENTS (Details 2) (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Fair value of liabilities	'	'
Warrants	$15,540	$28,043
Embedded conversion option	'	21,382
Recurring Basis | (Level 3)	'	'
Fair value of liabilities	'	'
Warrants	15,540	28,043
Embedded conversion option	4,995	21,382
Total	20,535	49,425
Recurring Basis | Total	'	'
Fair value of liabilities	'	'
Warrants	15,540	28,043
Embedded conversion option	4,995	21,382
Total	$20,535	$49,425

FAIR_VALUE_MEASUREMENTS_Detail2

FAIR VALUE MEASUREMENTS (Details 3) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Reconciliation of changes in fair value of our liabilities classified as Level 3	'	'
Balance at beginning of period	$49,425	'
Amendment to warrant agreement	10,891	'
Balance at end of period	20,535	'
Warrants	'	'
Reconciliation of changes in fair value of our liabilities classified as Level 3	'	'
Issuance of warrants and embedded conversion options	'	33,632
Unrealized (gain) loss included in earnings	-23,394	-5,589
Embedded Conversion Options	'	'
Reconciliation of changes in fair value of our liabilities classified as Level 3	'	'
Issuance of warrants and embedded conversion options	'	13,183
Unrealized (gain) loss included in earnings	($16,387)	$8,199

IMPAIRMENT_OF_ASSETS_Details

IMPAIRMENT OF ASSETS (Details) (USD $)	3 Months Ended			12 Months Ended
	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Dec. 31, 2013	Dec. 31, 2012
Impairment of assets	'	'	'	'	'
Impairment of oil and gas properties	'	'	'	$104,556,000	$9,764,000
Inventory write-down	'	200,000	'	200,000	'
Non-Producing Leasehold Costs and Producing Oil and Gas Properties	'	'	'	'	'
Impairment of assets	'	'	'	'	'
Impairment of oil and gas properties	'	'	93,100,000	'	9,800,000
Non-Producing Leasehold Costs and Producing Oil and Gas Properties | Carrying amount	'	'	'	'	'
Impairment of assets	'	'	'	'	'
Properties	'	'	145,500,000	'	'
Non-Producing Leasehold Costs and Producing Oil and Gas Properties | Fair value amount | Level 3 measurement	'	'	'	'	'
Impairment of assets	'	'	'	'	'
Properties	'	'	52,400,000	'	'
Oil and Gas Properties	'	'	'	'	'
Impairment of assets	'	'	'	'	'
Impairment of leasehold costs	1,700,000	'	'	'	'
Impairment of oil and gas properties	300,000	'	36,200,000	37,800,000	'
Oil and Gas Properties | South Texas	'	'	'	'	'
Impairment of assets	'	'	'	'	'
Number of wells impaired	3	'	1	'	'
Oil and Gas Properties | East Texas	'	'	'	'	'
Impairment of assets	'	'	'	'	'
Number of wells impaired	'	'	2	'	'
Oil and Gas Properties | Carrying amount	'	'	'	'	'
Impairment of assets	'	'	'	'	'
Properties	2,000,000	'	'	2,000,000	59,200,000
Oil and Gas Properties | Fair value amount | Level 3 measurement	'	'	'	'	'
Impairment of assets	'	'	'	'	'
Properties	1,700,000	'	'	1,700,000	51,700,000
Non-Producing Leasehold Costs	'	'	'	'	'
Impairment of assets	'	'	'	'	'
Impairment of leasehold costs	500,000	9,200,000	56,900,000	66,600,000	2,300,000
Non-Producing Leasehold Costs | Carrying amount	'	'	'	'	'
Impairment of assets	'	'	'	'	'
Properties	1,300,000	13,100,000	'	1,300,000	'
Non-Producing Leasehold Costs | Fair value amount | Level 3 measurement	'	'	'	'	'
Impairment of assets	'	'	'	'	'
Properties	$800,000	$4,100,000	'	$800,000	'

ASSETS_HELD_FOR_SALE_Details

ASSETS HELD FOR SALE (Details) (USD $)	3 Months Ended
	Sep. 30, 2013	Jun. 30, 2013	Dec. 31, 2013	Dec. 31, 2012
ASSETS HELD FOR SALE	'	'	'	'
Impairment of assets held for sale	$500,000	$14,600,000	'	'
Reclassified amount of assets held for sale to oil and gas properties	500,000	'	'	'
Accounts receivable - revenue receivable	'	'	'	113,000
Oil and gas properties	'	'	'	13,095,000
Accumulated depletion	'	'	'	-3,060,000
Asset retirement obligations	'	'	189,000	-183,000
Total assets held for sale, net (current and non-current)	'	$500,000	$0	$9,965,000

ASSET_RETIREMENT_OBLIGATIONS_D

ASSET RETIREMENT OBLIGATIONS (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
ASSET RETIREMENT OBLIGATIONS	'	'
Asset retirement obligations at the beginning of the period	$130	$309
Obligations assumed in the Combination	'	4,513
Obligations incurred	68	313
Revisions	125	26
Obligations extinguished	'	-356
Obligations divested	-257	-4,912
Obligations reclassified from (as) held for sale	189	-183
Accretion expense	51	420
Asset retirement obligations at the end of the period	$306	$130

LONGTERM_DEBT_Details

LONG-TERM DEBT (Details) (USD $)	0 Months Ended					0 Months Ended
	30-May-13	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Feb. 06, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012
				Senior Secured Notes, net of discount	Senior Secured Notes, net of discount	Senior Secured Notes, net of discount	Convertible Senior Notes, net of discount	Convertible Senior Notes, net of discount	Subordinated notes	Subordinated notes
						Subsequent events
Long-term debt	'	'	'	'	'	'	'	'	'	'
Long-term debt	'	$98,433,000	$96,275,000	$23,146,000	$23,647,000	'	$27,957,000	$25,298,000	$47,330,000	$47,330,000
Less: current portion	'	-10,177,000	-25,298,000	-10,200,000	'	'	'	-25,300,000	'	'
Total long-term debt	'	88,256,000	70,977,000	'	'	'	'	'	'	'
Proceeds released from escrow utilized to prepay debt	'	'	'	'	'	11,500,000	'	'	'	'
Cash on hand utilized to prepay debt	'	'	'	'	'	1,100,000	'	'	'	'
Stated interest rate (as a percent)	'	'	'	8.00%	'	'	9.00%	'	10.00%	'
Effective interest rate (as a percent)	'	'	'	19.85%	'	'	17.40%	'	'	'
Outstanding principal amount required by end of two year anniversary of purchase agreement	'	'	'	15,000,000	'	'	'	'	'	'
Principal amount outstanding, before discount	'	'	'	11,800,000	'	'	'	'	'	'
Unamortized issuance discount	'	'	'	$1,600,000	'	'	'	'	'	'
Percentage of outstanding shares	20.00%	'	'	'	'	'	'	'	'	'

LONGTERM_DEBT_Details_2

LONG-TERM DEBT (Details 2) (USD $)

0 Months Ended

12 Months Ended

0 Months Ended

3 Months Ended

12 Months Ended

3 Months Ended

12 Months Ended

0 Months Ended

12 Months Ended

12 Months Ended

3 Months Ended

0 Months Ended

Aug. 21, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Jul. 26, 2013

Dec. 31, 2012

Feb. 21, 2012

Feb. 06, 2014

Mar. 28, 2013

Mar. 28, 2013

Mar. 28, 2013

Mar. 31, 2013

Mar. 31, 2013

Dec. 31, 2013

Mar. 31, 2013

Mar. 31, 2013

Dec. 31, 2013

Mar. 31, 2013

Feb. 28, 2014

Feb. 21, 2014

Dec. 31, 2013

Feb. 28, 2014

Feb. 28, 2014

Dec. 31, 2013

Feb. 28, 2014

Sep. 30, 2013

Jun. 30, 2013

Mar. 31, 2013

Dec. 31, 2013

Jul. 25, 2012

Feb. 06, 2014

8.00% Senior Secured Notes due 2017

8.00% Senior Secured Notes due 2017

8.00% Senior Secured Notes due 2017

8.00% Senior Secured Notes due 2017

8.00% Senior Secured Notes due 2017

8.00% Senior Secured Notes due 2017

8.00% Senior Secured Notes due 2017

8.00% Senior Secured Notes due 2017

8.00% Senior Secured Notes due 2017

8.00% Senior Secured Notes due 2017

8.00% Senior Secured Notes due 2017

8.00% Senior Secured Notes due 2017

8.00% Senior Secured Notes due 2017

Senior secured notes after Amendment No. 5

Senior secured notes after Amendment No. 5

Senior secured notes after Amendment No. 5

Senior secured notes after Amendment No. 5

Senior secured notes after Amendment No. 5

Senior secured notes after Amendment No. 5

Senior secured notes after Amendment No. 5

Senior secured notes after Amendment No. 5

Senior secured notes after Amendment No. 5

Senior secured notes due 2017, extinguished with Amendment No. 5

Senior secured notes due 2017, extinguished with Amendment No. 5

Senior secured notes due 2017, extinguished with Amendment No. 5

Senior secured notes due 2017, extinguished with Amendment No. 5

Senior secured notes due 2017, extinguished with Amendment No. 5

Senior secured notes due 2017, extinguished with Amendment No. 5

Subsequent event

$9.45 per share or less

$9.45 to $12.59 per share

$12.60 per share or more

Minimum

Minimum

Maximum

Maximum

Maximum

Subsequent event

Subsequent event

Aggregate principal amount equal to or less than $15 million

Minimum

Maximum

By February 28, 2014

By February 28, 2014

Subsequent event

$9.45 to $12.59 per share

$12.60 per share or more

$9.45 per share or less

$9.45 to $12.59 per share

Subsequent event

Subsequent event

Subsequent event

Long-term debt

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Interest rate (as a percent)

'

'

'

8.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

8.00%

10.00%

'

'

'

'

'

8.00%

'

'

Aggregate principal amount issued

'

'

'

'

'

'

$100,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of shares of Common Stock that can be purchased through Warrants issued

'

'

'

27,433,244

'

'

26,315,789

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Outstanding principal

'

'

'

'

26,800,000

33,200,000

'

'

'

'

'

'

'

'

'

'

26,800,000

'

'

'

'

'

'

'

'

'

'

'

'

'

15,000,000

Outstanding principal

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

15,000,000

15,000,000

'

'

'

'

'

'

Redemption period, start date

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

21-Feb-12

'

'

'

'

'

'

'

Redemption period, end date

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

28-Feb-14

'

'

'

'

'

'

'

Exercise price of warrants (in dollars per share)

$3.15

'

'

$0.02

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Increase in annual interest rate in excess of the non-default (as a percent)

'

'

'

'

'

'

'

'

'

'

'

'

'

3.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Increase in annual interest rate over the yield to maturity for 10-Year United States treasury securities (as a percent)

'

'

'

8.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Increase in annual interest rate if a shelf registration statement with respect to the shares of Common Stock are no longer effective or otherwise becomes unavailable to holders of the Warrants (as a percent)

'

'

'

0.50%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

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'

'

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'

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'

'

Maximum percentage of foreign subsidiary stock that may be pledged as security for notes

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

65.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Maximum additional reserves-based secured borrowings permitted

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

50,000,000

'

'

'

'

'

'

'

'

'

'

'

'

50,000,000

'

Redemption price of debt instrument (as a percent)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

101.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Redemption price of debt instrument (as a percent)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

100.00%

'

'

'

'

'

'

'

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'

Outstanding principal amount after prepayment using proceeds from certain assets as provided for in amendment

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

15,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Minimum daily volume weighted average price per common share for 45 consecutive trading days to force exercise of warrants

$10

'

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'

'

'

'

'

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'

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'

'

'

'

'

'

'

'

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'

'

'

'

'

'

'

'

Number of consecutive trading days period through which conditions relating to daily volume weighted average price of common stock and average number of shares of common stock are traded per day that needs to be achieved for force exercise of warrants

'45 days

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Minimum number of shares of common stock traded per day for specified consecutive trading days to force exercise of warrants

50,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Maximum issue price as a percentage of market price of common stock which allows for anti-dilution protection for exercise price of warrants

90.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

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'

'

'

'

'

'

'

Notice period for termination of limitation from preventing holder of warrants from becoming a beneficial owner

'

'61 days

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'

'

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'

'

'

'

'

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'

'

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'

'

'

'

'

'

'

Maximum percentage of common stock that the holder of Warrant may beneficially own

'

5.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Maximum percentage of common stock that the holder of Warrant may beneficially own under certain circumstances

'

10.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Percentage of daily volume weighted average price used to determine maximum percentage of aggregate amount of common stock then outstanding

'

'

'

'

'

'

'

'

10.00%

15.00%

40.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Daily volume weighted average price under lock-up agreement (in dollars per shares)

'

'

'

'

'

'

'

'

'

'

'

$9.45

$12.60

'

$9.45

$12.59

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of trading days used to determine maximum percentage of aggregate amount of common stock then outstanding based of VWAP of common stock

'

'10 days

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Amount of debt extinguishment

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

33,200,000

'

'

'

Amount of write-off of debt discounts in debt extinguishment

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

9,100,000

'

'

'

Amount of write-off of debt issuance costs in debt extinguishment

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,200,000

'

'

'

Loss on extinguishment of debt

'

16,568,000

28,026,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

400,000

1,100,000

15,100,000

'

'

'

Value of warrants written off with debt extinguishment

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

10,900,000

'

'

'

Fair value adjustment recognized in debt extinguishment

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

4,200,000

'

'

'

Debt at fair value

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

25,600,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt book value

'

98,433,000

96,275,000

23,146,000

'

23,647,000

'

'

'

'

'

'

'

'

'

'

23,100,000

27,100,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Unamortized issuance discount

'

'

'

3,700,000

'

9,600,000

'

'

'

'

'

'

'

'

'

'

'

6,100,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Principal amount outstanding applicable to the prepayment provision

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

15,000,000

'

'

'

'

'

'

'

'

'

'

Interest rate if principal amount is not paid down to the amount stated in the provision (as a percent)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

10.00%

'

10.00%

'

'

'

'

'

'

'

'

'

'

'

'

Warrant as a percentage of outstanding shares of Common Stock on an as-converted and fully-diluted basis

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

20.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Proceeds released from escrow utilized to prepay debt

'

'

'

'

'

'

'

11,500,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Cash on hand utilized to prepay debt

'

'

'

'

'

'

'

1,100,000

'

'

'

'

'

'

'

'

'

'

'

1,100,000

'

'

'

'

'

'

'

'

'

'

'

Prepayment on senior secured notes

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$800,000

LONGTERM_DEBT_Details_3

LONG-TERM DEBT (Details 3) (USD $)	0 Months Ended	12 Months Ended
	Oct. 22, 2012	Dec. 31, 2013	Dec. 31, 2012
Long-term debt	'	'	'
Common shares, par value (in dollars per share)	'	$0.01	$0.01
Restricted cash	'	$11,500,000	$21,875,000
Unrestricted foreign subsidiaries	'	'	'
Long-term debt	'	'	'
Restricted cash and other assets	'	12,400,000	'
Intercompany receivables	'	19,000,000	'
9.00% Convertible Senior Notes due 2017	'	'	'
Long-term debt	'	'	'
Interest rate (as a percent)	'	9.00%	'
Aggregate principal amount of notes issued	40,000,000	'	'
Issue price for each $1,000 original principal amount	0.95	'	'
Aggregate gross proceeds from issuance of notes	38,000,000	'	'
Net proceeds from offering of notes	35,200,000	'	'
Maturity date	'	1-Aug-17	'
Common shares, par value (in dollars per share)	$0.01	'	'
Conversion rate number of shares per note	'	0.4	'
Conversion premium percentage	'	32.28%	'
Conversion price per share	$2.50	'	'
Redemption price of debt instrument (as a percent)	'	100.00%	'
Grace period allowed for payment of interest	'	'30 days	'
Period after occurrence of event of default of SEC reporting requirement that entity may elect special interest rate as remedy	'	'90 days	'
Special interest within 90 days after the occurrence of event of default for failure to comply with SEC reporting requirement (as a percent)	'	0.50%	'
Unamortized issuance discount	'	12,000,000	14,700,000
Convertible notes, gross	'	$40,000,000	$40,000,000
9.00% Convertible Senior Notes due 2017 | On or after May 1, 2013 but prior to August 1, 2017	'	'	'
Long-term debt	'	'	'
Redemption period, start date	'	1-May-13	'
Redemption period, end date	'	31-Jul-17	'
Number of semi-annual interest payments considered to calculate coupon payment	'	5	'
Percentage of simple average of daily volume weighted average prices of common stock used to value common stock, if coupon payment is made in shares of common stock.	'	95.00%	'
Number of trading days period used for valuation of common stock, if coupon payment is made in shares of common stock	'	'10 days	'
9.00% Convertible Senior Notes due 2017 | Beginning August 1, 2015	'	'	'
Long-term debt	'	'	'
Redemption period, start date	'	1-Aug-15	'
Redemption period, end date	'	1-Aug-17	'
Minimum percentage of the closing sales price of common stock to the conversion price in order for the notes to be redeemable	'	150.00%	'
Number of days within 30 consecutive trading days in which the closing price of common stock must exceed the conversion price for the notes to be redeemable	'	20	'
Number of consecutive trading days during which the closing price of common stock must exceed the conversion price for at least 20 days in order for the notes to be redeemable	'	'30 days	'
Redemption price of debt instrument (as a percent)	'	100.00%	'

LONGTERM_DEBT_Details_4

LONG-TERM DEBT (Details 4) (USD $)	0 Months Ended	12 Months Ended	0 Months Ended			0 Months Ended
	Aug. 09, 2011	Dec. 31, 2013	Feb. 24, 2014	Aug. 09, 2011	Dec. 31, 2013	Aug. 09, 2011	Dec. 31, 2013
	ZaZa LLC	8.00% Subordinated Notes due 2017	8.00% Subordinated Notes due 2017	Seller Notes	Seller Notes	Compensation Notes	Compensation Notes
			ZaZa LLC	ZaZa LLC	ZaZa LLC	ZaZa LLC	ZaZa LLC
			Subsequent events			ZaZa founders	ZaZa founders
Long-term debt	'	'	'	'	'	'	'
Interest rate (as a percent)	'	10.00%	'	'	8.00%	'	8.00%
Equity interests as a percentage of issued and outstanding shares of common stock immediately after the consummation of the combination	75.00%	'	'	'	'	'	'
Debt issued under purchase consideration	'	'	'	$38,250,000	'	$9,080,000	'
Percentage of proceeds of debt financing required to repay notes on or after third anniversary of issuance of Senior Secured Notes	'	20.00%	'	'	'	'	'
Percentage of proceeds of equity financing required to repay notes on or after third anniversary of issuance of Senior Secured Notes	'	20.00%	'	'	'	'	'
Debt exchange amount	'	'	$47,300,000	'	'	'	'

LONGTERM_DEBT_Details_5

LONG-TERM DEBT (Details 5) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Long-term debt	'	'
Other interest (income) expense	($56)	$335
Capitalized interest	-346	-563
Total interest expense, net	14,269	14,705
Senior Secured Notes	'	'
Long-term debt	'	'
Interest expense	2,377	5,838
Amortization issuance costs	58	454
Amortization original issuance discount	1,817	3,986
Convertible Senior Notes	'	'
Long-term debt	'	'
Interest expense	3,600	690
Amortization issuance costs	373	82
Amortization original issuance discount	2,660	480
Subordinated notes	'	'
Long-term debt	'	'
Interest expense	3,786	3,308
Revolving credit line	'	'
Long-term debt	'	'
Interest expense	'	45
ZaZa LLC Members' Notes	'	'
Long-term debt	'	'
Interest expense	'	$50

STOCKBASED_COMPENSATION_Detail

STOCK-BASED COMPENSATION (Details) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
STOCK-BASED COMPENSATION	'	'
Shares authorized for issuance under the Plan	9.1	'
Shares available for future grants under the Plan	3.9	'
Stock-based compensation expense	$3.10	$16.50

STOCKBASED_COMPENSATION_Detail1

STOCK-BASED COMPENSATION (Details 2) (Restricted stock awards, USD $)	12 Months Ended
Share data in Thousands, except Per Share data, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Restricted stock awards	'	'
Number of Shares	'	'
Unvested balance at the beginning of the period (in shares)	155	'
Granted (in shares)	4,018	6,492
Vested (in shares)	-1,786	-6,337
Cancelled/Forfeited (in shares)	-80	'
Unvested balance at the end of the period (in shares)	2,307	155
Weighted Average Grant Date Fair Value per Share	'	'
Unvested balance at the beginning of the period (in dollars per share)	$4.32	'
Granted (in dollars per share)	$1.47	$4.01
Vested (in dollars per share)	$1.43	$4
Cancelled/Forfeited (in dollars per share)	$1.32	'
Unvested balance at the end of the period (in dollars per share)	$1.69	$4.32
Intrinsic value	'	'
Unvested balance at the beginning of the period (in dollars)	$670,000	'
Granted (in dollars)	5,896,000	26,016,000
Vested (in dollars)	2,563,000	25,346,000
Cancelled/Forfeited (in dollars)	-105,000	'
Unvested balance at the end of the period (in dollars)	3,898,000	670,000
The total vest date fair value of awards vested	2,600,000	15,000,000
Unrecognized compensation cost related to unvested awards	$2,600,000	$500,000
Weighted average period for recognition of unrecognized expense	'1 year 9 months	'1 year 4 months 13 days

SEVERANCE_COSTS_Details

SEVERANCE COSTS (Details) (USD $)	1 Months Ended		3 Months Ended
In Millions, unless otherwise specified	Apr. 30, 2013	Dec. 31, 2013	Jun. 30, 2013	Jun. 30, 2013	Jun. 30, 2013
	item		General and Administrative Expense	General and Administrative Expense	General and Administrative Expense
				Employee Severance	Contract Termination
Severance Costs	'	'	'	'	'
Restructuring and Related Cost, Number of Positions Eliminated	37	'	'	'	'
Restructuring Charges	'	'	$4.60	$3.90	$0.70
Restructuring Reserve	'	1.4	'	'	'
Restructuring Reserve, Current	'	1	'	'	'
Restructuring Reserve, Noncurrent	'	$0.40	'	'	'

OPERATING_LEASES_Details

OPERATING LEASES (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
OPERATING LEASES	'	'
Rent expense	$1,400,000	$1,200,000
Reimbursements from subleases	400,000	0
Future minimum rental payments under all non-cancelable operating leases	'	'
2014	1,161,000	'
2015	147,000	'
2016	147,000	'
2017	30,000	'
Total	1,485,000	'
Future minimum sublease receipts under all non-cancelable operating leases	'	'
2014	-411,000	'
Total	-411,000	'
Future minimum net rental payments under all non-cancelable operating leases	'	'
2014	750,000	'
2015	147,000	'
2016	147,000	'
2017	30,000	'
Total	$1,074,000	'

RELATED_PARTY_TRANSACTIONS_Det

RELATED PARTY TRANSACTIONS (Details) (USD $)

12 Months Ended

0 Months Ended

12 Months Ended

0 Months Ended

12 Months Ended

0 Months Ended

12 Months Ended

0 Months Ended

12 Months Ended

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Feb. 24, 2014

Feb. 24, 2014

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2012

Nov. 01, 2012

Dec. 31, 2012

Sep. 11, 2012

Dec. 31, 2013

Dec. 31, 2012

Feb. 24, 2014

Aug. 21, 2013

Dec. 31, 2013

Common Stock

Common Stock

Subsequent events

Subsequent events

Grants made by ZaZa Founders to certain service providers

LG5

LG5

Compensation agreement

SPM

SPM

Blackstone, Omega, and Lara

Blackstone, Omega, and Lara

Blackstone, Omega, and Lara

ZaZa LLC Member and ZaZa Founder

Todd A. Brooks

ZaZa LLC

Subordinated notes

Subordinated notes

Restricted Stock

Reimbursement Agreements

Reimbursement Agreements

Reimbursement Agreements

Subsequent events

Common Stock

ZaZa LLC managing partners

Common Stock

Series A Cumulative Redeemable Preferred Stock

Subordinated notes

Related party transactions

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Outstanding subordinated notes converted

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$15,800,000

'

'

Exchange common shares issued

'

'

'

'

3,160,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Exchange common shares issued price per share

'

'

'

'

$0.95

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of trading days prior to agreement used as a basis for volume weighted average price per share

'

'

'

'

'10 days

'

'

'

'

'

'

'

'

'

'

'

'

'

Liquidation preference

'

'

'

'

'

12,800,000

'

'

'

'

'

'

'

'

'

'

'

'

Cash dividend rate (as a percent)

'

'

'

'

'

13.00%

'

'

'

'

'

'

'

'

'

'

'

'

Liquidation preference per share

'

'

'

'

'

$25

'

'

'

'

'

'

'

'

'

'

'

'

Number of shares issued under stock purchase agreement

1,380,000

88,374,000

15,000

265,000

'

'

'

'

'

'

'

'

'

'

'

'

1,500,000

'

Price per common stock at which issued to Mr Brooks (in dollars per share)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$0.92

'

Value of share issued under stock purchase agreement

'

'

1,500,000

26,541,000

'

'

'

'

'

'

'

'

'

'

'

'

1,380,000

'

Percentage of direct or indirect interest in an overriding royalty interest held by each managing partner

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1.00%

Aggregate percentage of direct or indirect interest in an overriding royalty interest held by managing partners

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

3.00%

Related party deferred compensation expenses paid

'

'

'

'

'

'

'

'

'

10,800,000

'

'

'

'

'

'

'

'

Related party bonuses paid

'

'

'

'

'

'

'

'

'

6,700,000

'

'

'

'

'

'

'

'

Related party aggregate expenses paid

'

'

'

'

'

'

'

'

'

'

'

18,300,000

'

0

0

'

'

'

Related party management fee paid

'

'

'

'

'

'

'

'

'

'

'

52,000

'

'

'

'

'

'

Percentage of units and ownership assigned

'

'

'

'

'

'

'

'

'

'

100.00%

'

'

'

'

'

'

'

Aircraft rental

'

'

'

'

'

'

'

2,000

115,000

'

'

'

'

'

'

'

'

'

Shares determined to transfer to certain service providers by each ZaZa Founder

'

'

'

'

'

'

1,700,000

'

'

'

'

'

'

'

'

'

'

'

Common stock, par value (in dollars per share)

$0.01

$0.01

'

'

'

'

$0.01

'

'

'

'

'

'

'

'

'

'

'

Period within which tax benefit received is reimbursed to related party

'

'

'

'

'

'

'

'

'

'

'

'

'30 days

'

'

'

'

'

Contingent payment to be made to related party as a percentage of value of shares transferred

'

'

'

'

'

'

'

'

'

'

'

'

35.00%

'

'

'

'

'

Maximum estimated reimbursement payment for each of Blackstone, Lara, and Omega

'

'

'

'

'

'

'

'

'

'

'

'

'

$1,400,000

'

'

'

'

COMMITMENTS_AND_CONTINGENCIES_

COMMITMENTS AND CONTINGENCIES (Details) (ZaZa LLC)	12 Months Ended
	Dec. 31, 2013
	acre
Sankalp Americas, Inc.	'
Loss Contingencies	'
Well size	17,000
FLMK/Emerald Leasing Claims	'
Loss Contingencies	'
Acreage of leases for which brokers have been paid but not delivered to the company	3,924

DISCLOSURE_OF_MAJOR_CUSTOMERS_1

DISCLOSURE OF MAJOR CUSTOMERS (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Disclosure of major customers	'	'
Revenues	$8,874	$205,152
Customer concentration risk | Sales Revenue Goods | Gulfmark Energy, Inc.	'	'
Disclosure of major customers	'	'
Revenues	4,141	1,836
Customer concentration risk | Sales Revenue Goods | Texla Energy Management Inc	'	'
Disclosure of major customers	'	'
Revenues	1,192	878
Customer concentration risk | Sales Revenue Goods | Hess	'	'
Disclosure of major customers	'	'
Revenues	'	3,883
Customer concentration risk | Sales Revenue Goods | Southern Bay Oil & Gas LP	'	'
Disclosure of major customers	'	'
Revenues	$997	'

SUBSEQUENT_EVENTS_Details

SUBSEQUENT EVENTS (Details) (USD $)

3 Months Ended

0 Months Ended

Share data in Millions, except Per Share data, unless otherwise specified

Sep. 30, 2012

Dec. 31, 2013

Dec. 31, 2013

Sep. 15, 2015

Sep. 15, 2015

Apr. 15, 2014

Feb. 15, 2014

Mar. 02, 2014

Feb. 06, 2014

Feb. 24, 2014

Feb. 24, 2014

Feb. 24, 2014

Sep. 15, 2015

Feb. 06, 2014

Feb. 06, 2014

Mar. 02, 2014

Mar. 07, 2014

8% Senior Secured Notes due 2017

Subordinated notes

Sweet Home and Boening

Sabine South Texas LLC

Sabine South Texas LLC

Sabine South Texas LLC

Subsequent events

Subsequent events

Subsequent events

Subsequent events

Subsequent events

Subsequent events

Subsequent events

Subsequent events

Subsequent events

Subsequent events

Forecast

Sweet Home and Boening

Sweet Home and Boening

Boening

8% Senior Secured Notes due 2017

Subordinated notes

Subordinated notes

Subordinated notes

Sabine South Texas LLC

Agreement with Hess

Agreement with Hess

Joint Development Phase III Acceleration

Exchange of leases and wells

Forecast

Forecast

Forecast

ZaZa LLC Member and ZaZa Founder

Common Stock

Series A Cumulative Redeemable Preferred Stock

Sweet Home and Boening

Hess

EOG Resources Inc.

East Texas properties

acre

EOG Resources Inc.

Walker, Grimes, Madison, Trinity, and Montgomery Counties, Texas

acre

item

Subsequent events

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Release of restricted cash proceeds that had been held in escrow

'

'

'

'

'

'

'

'

'

'

'

'

'

$15,000,000

'

'

'

Release of restricted cash proceeds that had been held in escrow to the company

'

'

'

'

'

'

'

'

'

'

'

'

'

11,500,000

'

'

'

Release of restricted cash proceeds that had been held in escrow to Hess

'

'

'

'

'

'

'

'

'

'

'

'

'

'

3,500,000

'

'

Stated interest rate (as a percent)

'

8.00%

10.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Outstanding principal

'

'

'

'

'

'

'

'

15,000,000

'

'

'

'

'

'

'

'

Prepayment on senior secured notes

'

'

'

'

'

'

'

'

800,000

'

'

'

'

'

'

'

'

Gas and oil property transferred to agreement partner

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

9,600

Maximum miscellaneous work and land carry

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

9,200,000

Exploration Wells to be Drilled

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2

Working interest assigned to joint venture partner (as a percent)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

75.00%

75.00%

Net acreage under extended term

'

'

'

'

'

'

'

'

'

'

'

'

3,200

'

'

'

'

Cash received

84,000,000

'

'

'

'

'

'

4,700,000

'

'

'

'

'

'

'

'

4,700,000

Working interest retained by agreement partner (as a percent)

'

'

'

'

75.00%

75.00%

75.00%

'

'

'

'

'

'

'

'

'

'

Working interest obtained in acquired acreage (as a percent)

'

'

'

25.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

Subordinated note conversion

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Outstanding subordinated notes converted

'

'

'

'

'

'

'

'

'

15,800,000

'

'

'

'

'

'

'

Exchange common shares issued

'

'

'

'

'

'

'

'

'

'

3.16

'

'

'

'

'

'

Exchange common shares issued price per share

'

'

'

'

'

'

'

'

'

'

$0.95

'

'

'

'

'

'

Number of trading days prior to agreement used as a basis for volume weighted average price per share

'

'

'

'

'

'

'

'

'

'

'10 days

'

'

'

'

'

'

Liquidation preference

'

'

'

'

'

'

'

'

'

'

'

$12,800,000

'

'

'

'

'

Cash dividend rate (as a percent)

'

'

'

'

'

'

'

'

'

'

'

13.00%

'

'

'

'

'

Liquidation preference per share

'

'

'

'

'

'

'

'

'

'

'

$25

'

'

'

'

'