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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES:  
Net income$ 52,786$ 49,175
Adjustments to reconcile net income to net cash provided by operating activities:  
Depreciation, depletion, and amortization66,18739,975
Impairment expense16,4982,509
Accretion expense1,430932
Loss on sale of assets 87
Amortization of loan costs2,2431,473
Amortization of debt discount195 
Dry hole expense6,452292
Expired leases93 
Unrealized (gain) on derivatives(28,721)(26,603)
(Gain) on contract settlement(1,285) 
Interest converted into debt897890
Settlement of asset retirement obligation(702)(658)
Changes in assets and liabilities:  
Accounts receivable(4,807)(1,376)
Other receivables3,641(1,271)
Prepaid expenses and other non-current assets(4,142)(7,445)
Accounts payable, accrued liabilities, and other long-term liabilities4,641(20,830)
NET CASH PROVIDED BY OPERATING ACTIVITIES115,40637,150
CASH FLOWS FROM INVESTING ACTIVITIES:  
Capital expenditures for property and equipment(147,989)(66,307)
Acquisitions(66,592)(101,359)
NET CASH USED IN INVESTING ACTIVITIES(214,581)(167,666)
CASH FLOWS FROM FINANCING ACTIVITIES:  
Proceeds from long-term debt100,500256,500
Repayments of long-term debt (162,343)
Additions to deferred financing costs(1,589)(7,584)
Capital contributions 50,000
Capital distributions (235)
NET CASH PROVIDED BY FINANCING ACTIVITIES98,911136,338
NET INCREASE (DECREASE) IN CASH(264)5,822
CASH AND CASH EQUIVALENTS, beginning of period4,8364,274
CASH AND CASH EQUIVALENTS, end of period4,57210,096
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION  
Cash paid during the period for interest15,73414,204
Cash paid during the period for taxes00
Change in property asset retirement obligations, net3,252(3)
Change in accruals or liabilities for capital expenditures$ (13,482)$ 22,145