Condensed Consolidating Financial Information (Tables)

12 Months Ended

Dec. 31, 2012



	December 31, 2012
	Parent Company		Combined Guarantor Subsidiaries			Combined Non- Guarantor Subsidiaries		Eliminations			Consolidated
	(In thousands)
ASSETS
Current assets	$	1,689,430	$	130,487		$	—	$	(1,613,094	)	$	206,823
Current assets held for sale	—		—			1,882		—			1,882
Property and equipment, net	23,041		1,443,064			—		21,569			1,487,674
Investment in subsidiaries	14,588		—			—		(14,588		)	—
Long-term assets held for sale	24,488		—			108,138		—			132,626
Other assets	35,095		16,928			11,818		(8,850		)	54,991
Total assets	$	1,786,642	$	1,590,479		$	121,838	$	(1,614,963	)	$	1,883,996

LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities	$	179,221	$	1,631,887		$	—	$	(1,560,853	)	$	250,255
Current liabilities associated with assets held for sale	9,880		—			38,783		—			48,663
Long-term liabilities	973,003		3,512			—		—			976,515
Long-term liabilities associated with assets held for sale	—		—			23,547		—			23,547
Shareholders’ equity	624,538		(44,920		)	59,508		(54,110		)	585,016
Total liabilities and shareholders’ equity	$	1,786,642	$	1,590,479		$	121,838	$	(1,614,963	)	$	1,883,996



	December 31, 2011
	Parent Company			Combined Guarantor Subsidiaries			Combined Non- Guarantor Subsidiaries		Eliminations			Consolidated
	(In thousands)
ASSETS
Current assets	$	1,349,841		$	71,018		$	—	$	(1,304,336	)	$	116,523
Current assets held for sale	—			—			3,874		—			3,874
Property and equipment, net	100,329			1,131,672			—		8,916			1,240,917
Investment in subsidiaries	(58,764		)	—			—		58,764			—
Long-term assets held for sale	687			—			78,044		—			78,731
Other assets	38,852			54,062			—		(5,279		)	87,635
Total assets	$	1,430,945		$	1,256,752		$	81,918	$	(1,241,935	)	$	1,527,680

LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities	$	150,793		$	1,368,456		$	128	$	(1,252,295	)	$	267,082
Current liabilities associated with assets held for sale	—			—			4,238		—			4,238
Long-term liabilities	724,801			2,183			—		(2,908		)	724,076
Long-term liabilities associated with assets held for sale	—			—			22,429		—			22,429
Shareholders’ equity	555,351			(113,887		)	55,123		13,268			509,855
Total liabilities and shareholders’ equity	$	1,430,945		$	1,256,752		$	81,918	$	(1,241,935	)	$	1,527,680



	For The Year Ended December 31, 2012
	Parent Company			Combined Guarantor Subsidiaries			Combined Non- Guarantor Subsidiaries		Eliminations			Consolidated
	(In thousands)
Oil and gas revenues	$	20,195		$	347,985		$	—	$	—		$	368,180
Costs and expenses	76,839			205,341			—		(12,653		)	269,527
Operating income (loss)	(56,644		)	142,644			—		12,653			98,653
Other income (expense), net	20,022			(36,542		)	—		—			(16,520		)
Income (loss) from continuing operations before income taxes	(36,622		)	106,102			—		12,653			82,133
Income tax (expense) benefit	12,658			(37,136		)	—		(6,478		)	(30,956		)
Equity in income (loss) of subsidiaries	73,150			—			—		(73,150		)	—
Net income (loss) from continuing operations	49,186			68,966			—		(66,975		)	51,177
Net income from discontinued operations, net of income taxes	126			—			4,184		—			4,310
Net income (loss)	$	49,312		$	68,966		$	4,184	$	(66,975	)	$	55,487



	For The Year Ended December 31, 2011
	Parent Company			Combined Guarantor Subsidiaries			Combined Non- Guarantor Subsidiaries		Eliminations			Consolidated
	(In thousands)
Oil and gas revenues	$	31,875		$	170,292		$	—	$	—		$	202,167
Costs and expenses	68,652			100,255			—		(4,891		)	164,016
Operating income (loss)	(36,777		)	70,037			—		4,891			38,151
Other income (expense), net	41,182			(21,188		)	—		—			19,994
Income from continuing operations before income taxes	4,405			48,849			—		4,891			58,145
Income tax (expense) benefit	(1,209		)	(22,612		)	—		(1,790		)	(25,611		)
Equity in income (loss) of subsidiaries	29,319			—			—		(29,319		)	—
Net income (loss) from continuing operations	32,515			26,237			—		(26,218		)	32,534
Net income from discontinued operations, net of income taxes	1,013						3,082					4,095
Net income (loss)	$	33,528		$	26,237		$	3,082	$	(26,218	)	$	36,629



	For The Year Ended December 31, 2010
	Parent Company			Combined Guarantor Subsidiaries			Combined Non- Guarantor Subsidiaries		Eliminations			Consolidated
	(In thousands)
Oil and gas revenues	$	33,203		$	104,920		$	—	$	—		$	138,123
Costs and expenses	62,375			55,815			—		(4,024		)	114,166
Operating income (loss)	(29,172		)	49,105			—		4,024			23,957
Other income (expense), net	4,974			(10,521		)	—		—			(5,547		)
Income (loss) from continuing operations before income taxes	(24,198		)	38,584			—		4,024			18,410
Income tax (expense) benefit	8,308			(13,542		)	—		(1,451		)	(6,685		)
Equity in income (loss) of subsidiaries	25,042			—			—		(25,042		)	—
Net income (loss) from continuing operations	9,152			25,042			—		(22,469		)	11,725
Net loss from discontinued operations, net of income taxes	(1,775		)	—			—		—			(1,775		)
Net income (loss)	$	7,377		$	25,042		$	—	$	(22,469	)	$	9,950



	For The Year Ended December 31, 2012
	Parent Company			Combined Guarantor Subsidiaries			Combined Non- Guarantor Subsidiaries			Eliminations			Consolidated
	(In thousands)
Net cash provided by operating activities - continuing operations	$	75,546		$	177,525		$	—		$	—		$	253,071
Net cash used in investing activities - continuing operations	(280,564		)	(493,145		)	—			308,558			(465,151		)
Net cash provided by financing activities - continuing operations	237,778			308,558			—			(308,558		)	237,778
Net increase (decrease) in cash and cash equivalents from continuing operations	32,760			(7,062		)	—			—			25,698
Net increase (decrease) in cash and cash equivalents from discontinued operations	—			—			(1,196		)	—			(1,196		)
Cash and cash equivalents, beginning of year - continuing operations	19,134			7,263			—			—			26,397
Cash and cash equivalents, end of year - continuing operations	$	51,894		$	201		$	—		$	—		$	52,095
Cash and cash equivalents, beginning of year - discontinued operations	—			—			1,715			—			1,715
Cash and cash equivalents, end of year - discontinued operations	$	—		$	—		$	519		$	—		$	519



	For The Year Ended December 31, 2011
	Parent Company			Combined Guarantor Subsidiaries			Combined Non- Guarantor Subsidiaries		Eliminations			Consolidated
	(In thousands)
Net cash provided by operating activities - continuing operations	$	56,563		$	98,948		$	—	$	—		$	155,511
Net cash used in investing activities - continuing operations	(194,689		)	(356,168		)	—		300,789			(250,068		)
Net cash provided by financing activities - continuing operations	155,842			261,773			—		(300,789		)	116,826
Net increase (decrease) in cash and cash equivalents from continuing operations	17,716			4,553			—		—			22,269
Net increase (decrease) in cash and cash equivalents from discontinued operations							1,715					1,715
Cash and cash equivalents, beginning of year - continuing operations	1,418			2,710			—		—			4,128
Cash and cash equivalents, end of year - continuing operations	$	19,134		$	7,263		$	—	$	—		$	26,397
Cash and cash equivalents, beginning of year - discontinued operations	—			—			—		—			—
Cash and cash equivalents, end of year - discontinued operations	$	—		$	—		$	1,715	$	—		$	1,715



	For The Year Ended December 31, 2010
	Parent Company			Combined Guarantor Subsidiaries			Combined Non- Guarantor Subsidiaries		Eliminations			Consolidated
	(In thousands)
Net cash provided by operating activities - continuing operations	$	24,781		$	69,635		$	—	$	—		$	94,416
Net cash used in investing activities - continuing operations	(194,690		)	(268,069		)	—		198,644			(264,115		)
Net cash provided by financing activities - continuing operations	169,990			198,644			—		(198,644		)	169,990
Net increase (decrease) in cash and cash equivalents from continuing operations	81			210			—		—			291
Net increase (decrease) in cash and cash equivalents from discontinued operations	—			—			—		—			—
Cash and cash equivalents, beginning of year - continuing operations	1,337			2,500			—		—			3,837
Cash and cash equivalents, end of year - continuing operations	$	1,418		$	2,710		$	—	$	—		$	4,128
Cash and cash equivalents, beginning of year - discontinued operations	—			—			—		—			—
Cash and cash equivalents, end of year - discontinued operations	$	—		$	—		$	—	$	—		$	—