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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash flow from operating activities    
Net income (loss) $ (209,573) $ 125,096
Adjustments to reconcile net income (loss) to net cash provided by operating activities    
Depreciation, depletion and amortization 145,711 107,132
Unit-based compensation expenses 11,181 7,400
Loss on extinguishment of debt 94,372 0
Amortization and write-off of deferred financing fees and other 12,413 15,711
Gains on sale of assets and other, net (156) (515)
Bad debt expenses (5) (19)
Deferred income tax 2,790 2,702
Mark-to-market on derivatives    
Total (gains) losses 163,961 (163,387)
Cash settlements 104,512 135,594
Cash settlements on canceled derivatives 0 (74,275)
Premiums paid for derivatives 0 (91,028)
Changes in assets and liabilities    
Increase in accounts receivable - trade, net (82,202) (22,791)
Decrease in other assets 2,333 11,859
Increase in accounts payable and accrued expenses 74,348 3,108
Increase (decrease) in other liabilities (15,923) 18,596
Net cash provided by operating activities 303,762 75,183
Cash flow from investing activities    
Acquisition of oil and natural gas properties (847,780) (771,189)
Development of oil and natural gas properties (225,889) (62,357)
Purchases of other property and equipment (18,657) (8,125)
Proceeds from sale of properties and equipment and other 10,590 586
Net cash used in investing activities (1,081,736) (841,085)
Cash flow from financing activities    
Proceeds from sale of units 648,971 431,250
Proceeds from borrowings 1,359,240 2,188,176
Repayments of debt (1,064,679) (1,420,000)
Distributions to unitholders (222,391) (175,435)
Financing fees, offering expenses and other, net (111,987) (60,488)
Excess tax benefit from unit-based compensation 2,587 1,741
Purchase of units 0 (11,832)
Net cash provided by financing activities 611,741 953,412
Net increase (decrease) in cash and cash equivalents (166,233) 187,510
Cash and cash equivalents    
Beginning 236,001 22,231
Ending $ 69,768 $ 209,741