XML 29 R31.htm IDEA: XBRL DOCUMENT v2.4.0.8
Long-Term Debt (Details) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Apr. 26, 2013
Banks
Dec. 31, 2012
Long-term debt            
Long-Term Debt $ 1,037,435,000 [1]   $ 1,037,435,000 [1]     $ 916,934,000 [1]
Long Term Debt (Textual) [Abstract]            
Capitalized interest on our unproved properties 1,900,000 2,000,000 3,800,000 4,000,000    
Maximum availability aggregate facility amount         500,000,000  
Number of syndicated banks         11  
Current Borrowing base         450,000,000  
Line of Credit, Current Commitment Amount         450,000,000  
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          
Lead bank's prime rate 3.25%   3.25%      
Commitment Fee Basis Points For The Credit Facility 0.375%          
Maximum level of cash dividends in any fiscal year 15,000,000   15,000,000      
Equity Restrictions 50,000,000   50,000,000      
Interest expense including amortization of debt issuance costs 17,000,000 13,319,000 33,802,000 26,784,000    
Bank Borrowings [Member]
           
Long Term Debt (Textual) [Abstract]            
Amount outstanding under credit facility 160,000,000   160,000,000     39,400,000
Senior notes due 2020 [Member]
           
Long-term debt            
Long-Term Debt 222,293,000 [1]   222,293,000 [1]     222,147,000 [1]
Long Term Debt (Textual) [Abstract]            
Senior notes, issued 225,000,000   225,000,000      
Interest expense including amortization of debt issuance costs 5,200,000 5,200,000 10,300,000 10,300,000    
Stated Rate of Senior notes 8.875%   8.875%      
Original unamortized issuance discount on senior notes 3,600,000   3,600,000      
Percentage at which senior notes are issued, of par value 98.389%   98.389%      
Effective Interest Rate On Senior Notes Including Discount 9.125%   9.125%      
Redemption price plus accrued and unpaid interest 104.438%          
Redemption price, plus accrued and unpaid interest declining in twelve-month intervals 100.00%          
Initial Debt Issuance Costs Capitalized 5,000,000   5,000,000      
Holder right to require company to repurchase notes at purchase price in cash 101.00%          
Senior notes due 2017 [Member]
           
Long-term debt            
Long-Term Debt 250,000,000   250,000,000     250,000,000
Long Term Debt (Textual) [Abstract]            
Senior notes, issued 250,000,000   250,000,000      
Interest expense including amortization of debt issuance costs 4,600,000 4,600,000 9,100,000 9,100,000    
Stated Rate of Senior notes 7.125%   7.125%      
Percentage at which senior notes are issued, of par value 100.00%   100.00%      
Redemption price plus accrued and unpaid interest 102.375%          
Redemption price, plus accrued and unpaid interest declining in twelve-month intervals 100.00%          
Initial Debt Issuance Costs Capitalized 4,200,000   4,200,000      
Holder right to require company to repurchase notes at purchase price in cash 101.00%          
Senior Notes Due 2022 [Member]
           
Long-term debt            
Long-Term Debt 405,142,000 [1]   405,142,000 [1]     405,387,000 [1]
Long Term Debt (Textual) [Abstract]            
Senior notes, issued 400,000,000   400,000,000      
Interest expense including amortization of debt issuance costs 7,900,000 5,000,000 15,800,000 10,100,000    
Stated Rate of Senior notes 7.875%   7.875%      
Original unamortized issuance discount on senior notes 2,100,000   2,100,000      
Percentage at which senior notes are issued, of par value 99.156%   99.156%      
Effective Interest Rate On Senior Notes Including Discount 8.00%   8.00%      
Redemption price plus accrued and unpaid interest 103.938%          
Redemption price, plus accrued and unpaid interest declining in twelve-month intervals 100.00%          
Percentage of maximum redemption of principal amount of notes 35.00%          
Redemption of Debts with Net Proceeds of Qualifying Offerings at Price Above Principle Amount of Debts 107.875%          
Holder right to require company to repurchase notes at purchase price in cash 101.00%          
Line of Credit [Member]
           
Long Term Debt (Textual) [Abstract]            
Interest expense including amortization of debt issuance costs 1,200,000 600,000 2,400,000 1,200,000    
Commitment fees included in interest expense, net 300,000 400,000 600,000 700,000    
Original Senior Notes Due Two Thousand Twenty Two [Member]
           
Long Term Debt (Textual) [Abstract]            
Senior notes, issued 250,000,000   250,000,000      
Initial Debt Issuance Costs Capitalized 7,500,000   7,500,000      
Additional Senior Notes Due 2022 [Member]
           
Long Term Debt (Textual) [Abstract]            
Senior notes, issued 150,000,000   150,000,000      
Percentage at which senior notes are issued, of par value 105.00%   105.00%      
Effective Interest Rate On Senior Notes Including Discount 6.993%   6.993%      
Debt Instrument, Unamortized Premium $ 7,500,000   $ 7,500,000      
[1] Amounts are shown net of any debt discount or premium