XML 37 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Cash flows from operating activities    
Net income $ 45,299 $ 71,726
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation, depletion and amortization 119,807 107,913
Deferred income taxes 25,540 44,841
(Gain) loss from oil hedging activities (35,777) 20,450
Non-hedge derivative gains (37,035) (79,971)
Loss on extinguishment of debt 21,714 20,576
Loss on sale of assets 21 138
Other 2,167 2,395
Change in assets and liabilities    
Accounts receivable (13,140) (1,357)
Inventories (4,599) 341
Prepaid expenses and other assets 1,763 1,723
Accounts payable and accrued liabilities 13,355 1,133
Revenue distribution payable (2,215) 3,189
Stock-based compensation 2,077 2,011
Net cash provided by operating activities 138,977 195,108
Cash flows from investing activities    
Purchase of property and equipment and oil and natural gas properties (379,069) (258,530)
Proceeds from dispositions of property and equipment and oil and natural gas properties 45,023 351
Settlement of non-hedge derivative instruments 24,309 (21,610)
Other 23 0
Net cash used in investing activities (309,714) (279,789)
Cash flows from financing activities    
Proceeds from long-term debt 156,457 21,641
Repayment of long-term debt and capital lease obligations (37,618) (3,671)
Proceeds from Senior Notes 400,000 400,000
Repayment of Senior Notes (325,000) (325,000)
Payment of debt issuance costs and other financing fees (8,867) (11,638)
Payment of debt extinguishment costs (15,827) (15,085)
Net cash provided by financing activities 169,145 66,247
Net decrease in cash and cash equivalents (1,592) (18,434)
Cash and cash equivalents at beginning of period 34,589 55,111
Cash and cash equivalents at end of period $ 32,997 $ 36,677