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Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands
3 Months Ended 6 Months Ended 2 Months Ended
Jun. 30, 2010
Jun. 30, 2011
Mar. 05, 2010
Predecessors
Cash flows from operating activities      
Net income $ 7,423 $ 3,670 $ 21,736
Adjustments to reconcile net income to cash provided by operations      
Depreciation, depletion and amortization 6,008 13,727 4,164
Stock-based compensation 634 1,341 808
Amortization of deferred loan costs 1,558 848 2,094
Change in fair value of derivative financial instruments (7,359) 11,160 (21,573)
Litigation reserve   9,600  
(Gain) loss on sale of assets 140 (12,357)  
Gain on forgiveness of debt   (1,647)  
Other non-cash changes to net income 111 (100)  
Change in assets and liabilities      
Receivables 4,098 (426) 777
Payables 1,410 (2,859) 743
Other (2,317) (1,486) 468
Cash flows from operating activities 11,706 21,471 9,217
Cash flows from investing activities      
Restricted cash 154 28 (1)
Proceeds from sale of oil and gas properties 101 10,682  
Equipment, development, leasehold and pipeline (9,944) (15,287) (2,282)
Cash flows from investing activities (9,689) (4,577) (2,283)
Cash flows from financing activities      
Proceeds from debt 2,100   900
Repayments of debt (13,215) (16,319) (41)
Cash flows from financing activities (11,115) (16,319) 859
Net increase (decrease) in cash (9,098) 575 7,793
Cash and equivalents-beginning of period 28,677 730 20,884
Cash and equivalents-end of period $ 19,579 $ 1,305 $ 28,677