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Consolidated Balance Sheets (Unaudited) (USD $)
In Thousands
6 Months Ended 12 Months Ended
Jun. 30, 2011
Dec. 31, 2010
Current assets:    
Cash and cash equivalents $ 181,689 $ 23,743
Accounts receivable 108,271 70,368
Short-term investments 180,585 223,991
Inventory 47,488 34,959
Other current assets 10,470 7,796
Total current assets 528,503 360,857
Oil and natural gas properties, using the full cost method including Proved, net of accumulated depletion of $466,162 and $423,691 708,981 486,423
Unproved 265,002 182,933
Total oil and gas 973,983 669,356
Other property and equipment, net 75,075 42,837
Deferred loan fees 17,512 9,064
Other noncurrent assets 5,410 3,287
Total assets 1,600,483 1,085,401
Current liabilities:    
Accounts payable 84,403 50,023
Royalties payable 67,436 42,155
Accrued drilling costs 116,616 61,067
Participant advances received 10,739 3,037
Derivative liabilities 14,400 9,442
Other current liabilities 14,213 10,821
Total current liabilities 307,807 176,545
Senior Notes 600,000 300,000
Other noncurrent liabilities 23,734 15,586
Commitments and contingencies (Note 3)    
Stockholders' equity:    
Common stock, $.01 par value, 180 million shares authorized, 116,736,145 and 116,564,182 shares issued and 116,442,586 and 116,289,180 shares outstanding at June 30, 2011 and December 31, 2010, respectively 1,168 1,166
Additional paid-in capital 769,164 765,326
Treasury stock, at cost; 293,559 and 275,002 shares at June 30, 2011 and December 31, 2010, respectively (3,163) (2,657)
Accumulated other comprehensive income (loss) (60) (9)
Retained earnings (deficit) (98,167) (170,556)
Total stockholders' equity 668,942 593,270
Total liabilities and stockholders' equity $ 1,600,483 $ 1,085,401