XML 61 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 974 $ 835
Accounts receivable (less allowance for doubtful accounts of $5,343 both at December 31, 2012 and 2011) 146,046 165,276
Materials and supplies 8,563 8,202
Current derivative asset (Note 13) 16,552 31,938
Current income tax receivable 901 0
Current deferred tax asset (Note 8) 8,765 10,936
Prepaid expenses and other 13,843 11,278
Total current assets 195,644 228,465
Property and equipment:    
Drilling equipment 1,478,645 1,423,570
Oil and natural gas properties, on the full cost method:    
Proved properties 3,822,381 3,302,032
Undeveloped leasehold not being amortized 521,659 185,632
Gas gathering and processing equipment 461,629 278,919
Transportation equipment 37,728 34,118
Other 62,840 37,544
Property, plant and equipment, gross, total 6,384,882 5,261,815
Less accumulated depreciation, depletion, amortization and impairment 2,907,660 2,319,484
Net property and equipment 3,477,222 2,942,331
Debt issuance cost 13,432 5,671
Goodwill (Note 2) 62,808 62,808
Other intangible assets, net 680 1,855
Non-current derivative asset (Note 13) 0 4,514
Other assets 11,334 11,076
Total assets 3,761,120 3,256,720
Current liabilities:    
Accounts payable 138,811 143,311
Accrued liabilities (Note 5) 53,162 51,733
Income taxes payable 0 781
Contract advances 936 2,055
Current derivative liabilities (Note 13) 1,948 2,657
Current portion of other long-term liabilities (Note 6) 12,282 12,213
Total current liabilities 207,139 212,750
Long-term debt (Note 6) 716,359 300,000
Non-current derivative liabilities (Note 13) 562 0
Other long-term liabilities (Note 6) 166,983 113,830
Deferred income taxes (Note 8) 695,776 683,123
Commitments and contingencies (Note 15) 0 0
Shareholders' equity:    
Preferred stock, $1.00 par value, 5,000,000 shares authorized, none issued 0 0
Common stock, $0.20 par value, 175,000,000 shares authorized, 48,581,948 and 48,151,442 shares issued as of December 31, 2012 and 2011, respectively 9,594 9,541
Capital in excess of par value 423,603 408,109
Accumulated other comprehensive income (net of tax of $4,892 and $11,961, respectively) 7,587 19,026
Retained earnings 1,533,517 1,510,341
Total shareholders' equity 1,974,301 1,947,017
Total liabilities and shareholders' equity $ 3,761,120 $ 3,256,720