XML 23 R32.htm IDEA: XBRL DOCUMENT v2.4.0.6
Long-Term Debt (Details) (USD $)
3 Months Ended 6 Months Ended 3 Months Ended 3 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Dec. 31, 2011
May 31, 2011
May 31, 2012
Before Increase [Member]
Jun. 30, 2012
After Increase [Member]
Jun. 30, 2012
Bank Borrowings [Member]
Jun. 30, 2012
Bank Borrowings [Member]
Before Increase [Member]
Banks
May 31, 2011
Bank Borrowings [Member]
Before Increase [Member]
May 31, 2011
Bank Borrowings [Member]
After Increase [Member]
Jun. 30, 2012
Senior notes due 2020 [Member]
Jun. 30, 2011
Senior notes due 2020 [Member]
Jun. 30, 2012
Senior notes due 2020 [Member]
Jun. 30, 2011
Senior notes due 2020 [Member]
Dec. 31, 2011
Senior notes due 2020 [Member]
Jun. 30, 2012
Senior notes due 2017 [Member]
Jun. 30, 2011
Senior notes due 2017 [Member]
Jun. 30, 2012
Senior notes due 2017 [Member]
Jun. 30, 2011
Senior notes due 2017 [Member]
Dec. 31, 2011
Senior notes due 2017 [Member]
Jun. 30, 2012
Senior Notes Due 2022 [Member]
Jun. 30, 2012
Senior Notes Due 2022 [Member]
Dec. 31, 2011
Senior Notes Due 2022 [Member]
Jun. 30, 2012
Line of Credit [Member]
Jun. 30, 2011
Line of Credit [Member]
Jun. 30, 2012
Line of Credit [Member]
Jun. 30, 2011
Line of Credit [Member]
Jun. 30, 2012
Senior Notes Due Two Thousand Twenty Two [Member]
Debt Instrument [Line Items]                                                            
Allowance for Doubtful Accounts Receivable, Current $ 100,000   $ 100,000   $ 100,000                                                  
Long-term debt                                                            
Long-Term Debt 719,977,000 [1]   719,977,000 [1]   719,775,000 [1]               222,007,000 [1]   222,007,000 [1]   221,873,000 [1] 250,000,000   250,000,000   250,000,000 247,970,000 [1] 247,970,000 [1] 247,902,000 [1]          
Long Term Debt (Textual) [Abstract]                                                            
Senior notes, issued                         225,000,000   225,000,000     250,000,000   250,000,000     250,000,000 250,000,000           250,000,000
Maximum availability aggregate facility amount                     500,000,000 700,000,000                                    
Borrowing base             375,000,000 375,000,000                                            
Percentage of applicable margin with federal fund rate                 0.50%                                          
Percentage of applicable margin with LIBOR                 1.00%                                          
Minimum Debt Instrument Escalating Basis Spread on Base Rate                 50                                          
Maximum escalating rates on applicable margins depending upon outstanding debt                 150                                          
Minimum escalating rates for Eurodollar rate loans                 150                                          
Maximum escalating rates for Eurodollar rate loans                 250                                          
Interest expense including commitment fees and amortization of debt issuance costs relating to the credit facility 13,319,000 8,622,000 26,784,000 17,010,000                 5,200,000 5,100,000 10,300,000 10,300,000   4,600,000 4,500,000 9,100,000 9,100,000   5,000,000 10,100,000   600,000 600,000 1,200,000 1,200,000  
Stated Rate of Senior notes                         8.875%   8.875%     7.125%   7.125%     7.875% 7.875%            
Percentage at which senior notes are issued, of par value                         98.389%   98.389%     100.00%   100.00%     99.156% 99.156%            
Effective Interest Rate On Senior Notes Including Discount                         9.125%   9.125%               8.00% 8.00%            
Unamortized issuance discount on senior notes due 2022                         3,600,000   3,600,000               2,100,000 2,100,000            
Redemption price plus accrued and unpaid interest                         104.438%         103.563%         103.938%              
Redemption price, plus accrued and unpaid interest declining in twelve-month intervals                         100.00%         100.00%         100.00%              
Percentage of maximum redemption of principal amount of notes                             35.00%                 35.00%            
Redemption of Debts with Net Proceeds of Qualifying Offerings at Price Above Principle Amount of Debts                         108.875%                   107.875%              
Initial Debt Issuance Costs Capitalized                         5,000,000   5,000,000     4,200,000   4,200,000                   4,800,000
Holder right to require company to repurchase notes at purchase price in cash                             101.00%         101.00%       101.00%            
Long Term Debt (Additional Textual) [Abstract]                                                            
Capitalized interest on our unproved properties 2,000,000 1,900,000 4,000,000 3,700,000                                                    
Number of syndicated banks                   10                                        
Addition Line of Credit Facility Maximum Borrowing Capacity           200,000,000                                                
Current Borrowing base             375,000,000 375,000,000                                            
Current Committed borrowing base amount             300,000,000 300,000,000                                            
Amount outstanding under credit facility 0   0   0                                                  
Lead bank's prime rate 3.25%   3.25%                                                      
Commitment Fee Basis Points On Unused Line of Credit Facility 50   50                                                      
Maximum level of cash dividends in any fiscal year 15,000,000   15,000,000                                                      
Aggregate limitation on purchases of stock 50,000,000   50,000,000                                                      
Commitment fees included in interest expense, net                                                   $ 400,000 $ 400,000 $ 700,000 $ 700,000  
[1] Amounts are shown net of debt discount