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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Operating activities    
Net income (loss) $ 20,094 $ (37,541)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depletion, depreciation and amortization 61,347 33,843
Deferred income taxes 20,915 7,713
Unsuccessful well costs 9,753 8,270
Change in fair value of derivatives 534 2,045
Cash settlements on derivatives (4,850) (2,422)
Equity-based compensation 18,938 21,290
Other 1,396 3,097
Changes in assets and liabilities:    
(Increase) decrease in receivables (2,382) 182,519
(Increase) decrease in inventories 3,637 (5,703)
Increase in prepaid expenses and other (298) (213)
Decrease in accounts payable (80,070) (72,185)
Increase in accrued liabilities 17,855 4,190
Net cash provided by operating activities 66,869 144,903
Investing activities    
Oil and gas assets (83,491) (68,070)
Other property (814) (3,110)
Restricted cash 886 72
Net cash used in investing activities (83,419) (71,108)
Financing activities    
Purchase of treasury stock (82)  
Deferred financing costs (1,243) (1,599)
Net cash used in financing activities (1,325) (1,599)
Net increase (decrease) in cash and cash equivalents (17,875) 72,196
Cash and cash equivalents at beginning of period 515,164 673,092
Cash and cash equivalents at end of period 497,289 745,288
Cash paid for:    
Interest 6,585 10,177
Income taxes $ 4,300 $ 5,013