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Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
OPERATING ACTIVITIES:      
Net income (loss) $ 195,867 $ 146,484 $ (55,500)
Adjustments to reconcile net income (loss) to net cash provided (used) by operating activities:      
Depreciation, depletion and amortization 280,451 205,124 177,166
Impairment of oil and natural gas properties (Note 2) 0 0 281,241 [1]
Unrealized (gain) loss on derivatives (2,413) (1,036) 1,944
(Gain) loss on disposition of assets 595 (9,687) (6,224)
Deferred tax expense (benefit) 125,551 100,672 (32,003)
Employee stock compensation plans 14,303 10,067 10,708
Bad debt expense 260 0 975
ARO liability accretion 3,838 2,937 2,585
Other, net 294 (69) (130)
Changes in operating assets and liabilities increasing (decreasing) cash:      
Accounts receivable (38,731) (58,965) 116,472
Materials and supplies (1,886) 598 3,009
Prepaid expenses and other 22,672 6,957 (1,525)
Accounts payable (1,064) (8,913) (7,068)
Accrued liabilities 9,245 (3,555) (1,410)
Contract advances (527) (542) 235
Net cash provided by operating activities 608,455 390,072 490,475
INVESTING ACTIVITIES:      
Capital expenditures (728,551) (484,080) (316,660)
Producing property and other acquisitions (50,013) (92,573) 0
Proceeds from disposition of property and equipment 10,328 40,048 44,733
Acquisition of other assets 0 344 0
Net cash used in investing activities (768,236) (536,261) (271,927)
FINANCING ACTIVITIES:      
Borrowings under line of credit 441,500 286,900 95,600
Payments under line of credit (554,500) (153,900) (265,100)
Proceeds from issuance of senior subordinated notes, net of offering costs 243,950 0 0
Proceeds from exercise of stock options 679 149 282
Tax (expense) benefit from stock options 1,174 40 (252)
Increase (decrease) in book overdrafts (Note 2) 26,454 13,219 (48,522)
Net cash provided by (used in) financing activities 159,257 146,408 (217,992)
Net increase (decrease) in cash and cash equivalents (524) 219 556
Cash and cash equivalents, beginning of year 1,359 1,140 584
Cash and cash equivalents, end of year 835 1,359 1,140
Supplemental disclosure of cash flow information:      
Interest paid (net of capitalized) 3,470 0 682
Income taxes 655 3,143 12,302
Changes in accounts payable and accrued liabilities related to purchases of property, plant and equipment $ (28,036) $ (29,700) $ 18,285
[1] In March 2009, we incurred a $281.2 million pre-tax ($175.1 million net of tax) non-cash write down of our oil and natural gas properties due to low commodity prices existing at the end of the first quarter 2009.