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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 109,316 $ 42,261
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation, depletion and amortization 74,987 76,272
Impairment of property and equipment 9,459 11,908
Exploration costs 2,307 6,133
Gain on sales of assets and impairment of inventory, net (14,153) (1,733)
Deferred income tax expense 60,693 23,260
Non-cash employee compensation 6,104 8,066
Unrealized gain on derivatives (82,029) (17,874)
Accretion of abandonment obligations 2,077 1,953
Amortization of debt issue costs 1,623 1,174
Loss on early extinguishment of long-term debt 5,501  
Changes in operating working capital:    
Accounts receivable 768 1,743
Accounts payable (4,456) 5,247
Other 3,090 (4,242)
Net cash provided by operating activities 175,287 154,168
CASH FLOWS FROM INVESTING ACTIVITIES    
Additions to property and equipment (282,474) (208,641)
Proceeds from sales of assets 12,466 75,670
Change in equipment inventory 2,844 (3,075)
Other (133) (131)
Net cash used in investing activities (267,297) (136,177)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from long-term debt 445,366  
Repayments of long-term debt (323,500) (10,000)
Premium on early extinguishment of long-term debt (2,765)  
Proceeds from exercise of stock options 213  
Net cash provided by (used in) financing activities 119,314 (10,000)
NET INCREASE IN CASH AND CASH EQUIVALENTS 27,304 7,991
CASH AND CASH EQUIVALENTS    
Beginning of period 8,720 14,013
End of period 36,024 22,004
SUPPLEMENTAL DISCLOSURES    
Cash paid for interest, net of amounts capitalized $ 8,064 $ 21,517