XML 25 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 286 $ 119,194
Accounts receivable 224,335 210,368
Refundable income taxes 2,575 5,581
Prepaid expenses and other 44,141 68,026
Derivative asset 67,457 55,813
Deferred income taxes 4,950 4,222
Total current assets 343,744 463,204
Property and equipment (successful efforts method), at cost:    
Land 1,550 1,548
Proved Oil and Gas Property, Successful Effort Method 4,657,347 4,378,987
Less - accumulated depletion, depreciation, and amortization (1,888,104) (1,766,445)
Unproved Oil and Gas Property, Successful Effort Method 130,688 120,966
Wells in progress 213,280 273,428
Materials inventory, at lower of cost or market 14,150 16,537
Oil and gas properties held for sale (note 3) 42,189 246
Other property and equipment, net of accumulated depreciation of $25,048 in 2012 and $23,985 in 2011 106,904 71,369
Total property and equipment, net 3,278,004 3,096,636
Other noncurrent assets:    
Derivative asset 30,595 31,062
Restricted Cash and Cash Equivalents, Noncurrent 114,343 124,703
Other noncurrent assets 78,412 83,375
Total other noncurrent assets 223,350 239,140
Total Assets 3,845,098 3,798,980
Current liabilities:    
Accounts payable and accrued expenses 413,211 456,999
Derivative liability 50,764 42,806
Deposit associated with oil and gas properties held for sale 7,550 6,000
Total current liabilities 471,525 505,805
Noncurrent liabilities:    
Long-term credit facility 24,000 0
3.50% Senior Convertible Notes, net of unamortized discount of $0 in 2012 and $2,431 in 2011 287,500 285,069
Senior Notes, 6.625%, Noncurrent 350,000 350,000
Senior Notes, 6.50%, Noncurrent 350,000 350,000
Asset retirement obligation 87,647 87,167
Asset retirement obligation associated with oil and gas properties held for sale (note 3) 1,770 1,277
Net Profits Plan liability 111,670 107,731
Deferred income taxes 583,660 568,263
Derivative liability 25,397 12,875
Other noncurrent liabilities 61,505 67,853
Total noncurrent liabilities 1,883,149 1,830,235
Commitments and contingencies (note 7)      
Stockholders' equity:    
Common stock, $0.01 par value - authorized: 200,000,000 shares; issued: 64,231,114 shares in 2012 and 64,145,482 shares in 2011; outstanding, net of treasury shares: 64,150,047 shares in 2012 and 64,064,415 shares in 2011 642 641
Additional paid-in capital 222,353 216,966
Treasury stock, at cost: 81,067 shares in 2012 and 102,635 shares in 2011 (1,544) (1,544)
Retained earnings 1,274,287 1,251,157
Accumulated other comprehensive loss (5,314) (4,280)
Total stockholders' equity 1,490,424 1,462,940
Total Liabilities and Stockholders' Equity $ 3,845,098 $ 3,798,980