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STATEMENTS OF CONSOLIDATED CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Cash flows from operating activities:      
Net income $ 479,769 $ 227,700 $ 156,929
Adjustments to reconcile net income to net cash provided by operating activities:      
Deferred income taxes 234,019 153,912 234,776
Depreciation, depletion and amortization 339,297 270,285 196,078
Gain on dispositions (202,928)    
Provision for (recoveries of) losses on accounts receivable 1,581 5,134 (1,263)
Other income (34,138) (12,898) (8,585)
Stock based compensation expense 20,080 14,104 6,768
Reimbursements for tenant improvements   4,053 12,212
Changes in other assets and liabilities:      
Accounts receivable and unbilled revenues 14,317 (6,330) 66,327
Inventory 1,117 45,104 73,181
Prepaid expenses and other 22,812 126,042 11,836
Accounts payable 42,262 (36,853) (107,745)
Derivative instruments, at fair value (4,775) (7,609) 56,510
Other current liabilities (15,054) (2,963) 33,502
Other items, net 16,905 10,059 (4,785)
Net cash provided by operating activities 915,264 789,740 725,741
Cash flows from investing activities:      
Capital expenditures (1,274,280) (1,246,932) (963,908)
Capital contributions to Nora Gathering LLC     (6,400)
Tenant improvements   (4,053) (12,212)
Proceeds from sale of available-for-sale securities 29,947 12,306  
Proceeds from sale of assets 619,999    
Investment in available-for-sale securities   (750) (3,000)
Net cash used in investing activities (624,334) (1,239,429) (985,520)
Cash flows from financing activities:      
Dividends paid (131,625) (127,292) (115,368)
Proceeds from issuance of common stock   537,206  
Proceeds from issuance of long-term debt 750,000   700,000
Debt issuance costs and revolving credit facility origination fee (11,738) (10,962) (6,874)
(Decrease) increase in short-term loans (53,650) 48,650 (314,917)
Repayments and retirements of long-term debt (15,457)   (4,300)
Proceeds and tax benefits from exercises under employee compensation plans 2,791 2,087 1,238
Net cash provided by financing activities 540,321 449,689 259,779
Net change in cash and cash equivalents 831,251    
Cash and cash equivalents at beginning of year 0 0 0
Cash and cash equivalents at end of year 831,251 0 0
Cash paid (received) during the year for:      
Interest, net of amount capitalized 130,719 127,904 107,475
Income taxes, net $ 47,242 $ (129,495) $ (120,074)