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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash flows from operating activities:    
Net income $ 5,174 $ 62,404
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Asset retirement obligations accretion expense 1,936 1,274
Depreciation, depletion and amortization 36,007 25,520
Equity-based compensation cost 3,877 2,103
Impairment of oil and natural gas properties 6,666  
Gain on sale of oil and natural gas properties   (3,824)
Noncash derivative activity 30,951 (30,502)
Amortization of discount on long-term debt 183  
Amortization of deferred loan costs 554 275
Other, net 56 (1)
Changes in operating assets and liabilities:    
Accounts receivable (12,866) (4,098)
Other current assets 111 2,625
Accounts payable and accrued liabilities 7,630 879
Long-term liabilities   (734)
Other, net (149) (119)
Net cash flows provided by operating activities 80,130 55,802
Cash flows from investing activities:    
Acquisition of oil and natural gas properties 3,101 (147,769)
Development of oil and natural gas properties (33,686) (8,170)
Proceeds from sale of oil and natural gas properties 1,170 4,471
Settlements from acquired derivatives 2,834  
Earnest money received for sale of oil and natural gas properties 900  
Net cash flows used in investing activities (25,681) (151,468)
Cash flows from financing activities:    
Long-term debt borrowings   138,000
Repayment of long-term debt borrowings (431,500) (95,000)
Proceeds from debt offering 292,500  
Loan costs incurred (6,202) (8)
Proceeds from public equity offering 147,108 92,770
Offering costs (308) (154)
Contributions from general partner 3,191 1,977
Distributions paid (55,973) (43,433)
Net cash flows (used in) provided by financing activities (51,184) 94,152
Increase (decrease) in cash and cash equivalents 3,265 (1,514)
Cash and cash equivalents - beginning of period 23,127 18,806
Cash and cash equivalents - end of period $ 26,392 $ 17,292