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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Operating activities    
Net loss $ (50,722) $ (62,384)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depletion, depreciation and amortization 122,694 69,036
Deferred income taxes 52,646 33,447
Unsuccessful well costs 85,668 19,237
Change in fair value of derivatives (3,302) 14
Cash settlements on derivatives (15,144) (7,081)
Equity-based compensation 37,000 38,851
Other 2,827 4,983
Changes in assets and liabilities:    
Decrease in receivables 88,092 155,884
Increase in inventories (11,927) (14,075)
Increase in prepaid expenses and other (3,939) (1,344)
Decrease in accounts payable (64,900) (66,536)
Increase (decrease) in accrued liabilities 37,877 (9,347)
Net cash provided by operating activities 276,870 160,685
Investing activities    
Oil and gas assets (166,581) (188,075)
Other property (3,278) (6,912)
Restricted cash 1,965 793
Net cash used in investing activities (167,894) (194,194)
Financing activities    
Payment on long-term debt (100,000)  
Purchase of treasury stock (13,041) (8,378)
Deferred financing costs (2,225) (1,254)
Net cash used in financing activities (115,266) (9,632)
Net decrease in cash and cash equivalents (6,290) (43,141)
Cash and cash equivalents at beginning of period 515,164 673,092
Cash and cash equivalents at end of period 508,874 629,951
Cash paid for:    
Interest 17,198 21,339
Income taxes $ 28,722 $ 16,620