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Consolidated Statements of Cash Flows (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 8,477 $ 21,521
Adjustments to reconcile net income to net cash provided by operating activities-    
Depreciation, depletion and amortization 37,271 20,920
Unrealized (gain) loss on derivative instruments 3,032 (12,269)
Impairment of oil and gas properties   2,731
Accretion related to asset retirement obligations 145 104
Loss on extinguishment of debt 897  
Stock-based compensation 10,655 5,320
Allowance for doubtful accounts (54) 345
Deferred income taxes 4,739 12,995
Amortization of discount and deferred financing costs, net of amounts capitalized 1,570 4,066
Other, net 4,058 813
Changes in operating assets and liabilities-    
Accounts receivable (2,912) (9,327)
Accounts payable 8,381 (5,295)
Accrued liabilities 3,876 (2,562)
Other, net (6,013) 816
Net cash provided by operating activities 74,122 40,178
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (219,179) (164,949)
Change in capital expenditure payables and accruals 12,464 (2,662)
Proceeds from sales of oil and gas properties 101,590 1,977
Advances to operators (138) 116
Advances for joint operations 12,368 (412)
Other, net (221) (287)
Net cash used in investing activities (93,116) (166,217)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from borrowings 346,000 163,600
Debt repayments (298,660) (113,000)
Proceeds from common stock offering, net of offering costs   74,042
Proceeds from stock options exercised 47 667
Payments of debt issuance costs (8,419) (355)
Net cash provided by financing activities 38,968 124,954
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 19,974 (1,085)
CASH AND CASH EQUIVALENTS, beginning of period 4,128 3,837
CASH AND CASH EQUIVALENTS, end of period $ 24,102 $ 2,752