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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash flows from operating activities:    
Net loss $ (29,730) $ (168,472)
Adjustments to reconcile net loss to cash provided by (used in) operating activities:    
Loss on property sales   538
Depreciation, depletion, amortization - oil and gas 22,479 23,887
Depreciation, depletion, amortization - discontinued operations 5,464 31,844
(Gain) loss on sale of drilling assets - discontinued operations (2,438) 256
Gain on sale of oil and gas assets - discontinued operations (8,946)  
Impairments - discontinued operations   93,064
Dry hole costs and impairments 416 30,219
Stock based compensation 4,762 6,852
Amortization of deferred financing costs, bond discount, and installments payable discount 6,198 7,215
Unrealized (gain) loss on derivative contracts 2,612 (20,948)
Income from unconsolidated affiliates (214) (983)
Deferred income tax expense 478 478
Other (395) 48
Net changes in operating assets and liabilities:    
Increase in trade accounts receivable (67) (1,103)
(Increase) decrease in deposits and prepaid assets (897) 686
Increase in inventories (64)  
(Increase) decrease in other current assets (17) 765
Increase (decrease) in accounts payable 112 (12,863)
Decrease in offshore litigation payable   (14,756)
Decrease in other accrued liabilities (1,854)  
Increase in assets held for sale working capital, net 2,213  
Net cash provided by (used) in operating activities 112 (23,273)
Cash flows from investing activities:    
Additions to property and equipment (36,727) (18,861)
Additions to drilling and trucking equipment - assets held for sale (822) (709)
Proceeds from sale of oil and gas properties 41,216 2,007
Proceeds from sale of drilling assets - assets held for sale 3,367 464
Proceeds from sale of other fixed assets 61 39
Proceeds from sale of unconsolidated affiliates 898 3,500
Proceeds from escrow deposit   1,380
Decrease in other long-term assets   106
Net cash provided by (used in) investing activities 7,993 (12,074)
Cash flows from financing activities:    
Proceeds from borrowings 49,202 66,500
Repayments of borrowings (66,617) (80,678)
Payment of deferred financing costs (979) (1,337)
Stock repurchased for withholding taxes (7) (5)
Net cash used in financing activities (18,401) (15,520)
Net decrease in cash and cash equivalents (10,296) (50,867)
Cash at beginning of period 14,190 61,918
Cash at end of period 3,894 11,051
Supplemental cash flow information:    
Cash paid for interest and financing costs 10,011 14,395
DHS interest payable capitalized to principal balance (non-cash financing transaction) $ 3,566