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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 41,499 $ 15,627
Restricted cash 144,384   
Accounts receivable 272,750 341,915
Inventories 34,529 46,234
Hedging asset 443,461 514,465
Other 66,890 60,037
Total current assets 1,003,513 978,278
Property and Equipment:    
Natural gas and oil properties, using the full cost method, including $1,035.6 million in 2012 and $942.9 million in 2011 excluded from amortization 10,428,993 9,544,708
Gathering systems 1,055,614 980,647
Other 568,775 535,464
Less: Accumulated depreciation, depletion and amortization (5,763,882) (4,415,339)
Total property and equipment, net 6,289,500 6,645,480
Other Assets 210,950 279,139
TOTAL ASSETS 7,503,963 [1] 7,902,897
Current liabilities:    
Accounts payable 484,146 514,071
Taxes payable 61,453 40,691
Interest payable 34,435 20,565
Advances from partners 116,077 84,082
Current deferred income taxes 167,888 194,163
Other 21,950 31,341
Total current liabilities 885,949 884,913
Long-term debt 1,668,811 1,342,100
Other Liabilities:    
Deferred income taxes 1,321,980 1,586,798
Pension and other postretirement liabilities 16,716 20,338
Other long-term liabilities 94,630 99,444
Total long term liabilities 3,102,137 3,048,680
Equity:    
Common stock, $0.01 par value; authorized 1,250,000,000 shares; issued 349,214,796 shares in 2012 and 349,058,501 in 2011 3,492 3,491
Additional paid-in capital 916,951 903,399
Retained earnings 2,275,818 2,656,214
Accumulated other comprehensive income 321,931 408,428
Common stock in treasury, 101,659 shares in 2012 and 98,889 in 2011 (2,315) (2,228)
Total equity 3,515,877 3,969,304
TOTAL LIABILITIES AND EQUITY $ 7,503,963 $ 7,902,897
[1] Capital investments include an increase of $0.2 million and a reduction of $56.4 million for the three-month periods ended June 30, 2012 and 2011, respectively, and increases of $15.5 million and $57.9 million for the six-month periods ended June 30, 2012 and 2011, respectively, relating to the change in accrued expenditures between periods.