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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Cash flows from operating activities:    
Net income $ 51,225,000 $ 106,030,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Gain on divestiture activity 22,714,000 (54,934,000)
Depletion, depreciation, amortization, and asset retirement obligation liability accretion 331,178,000 220,738,000
Exploratory dry hole expense 8,198,000 49,000
Impairment of proved properties 38,523,000 0
Abandonment and impairment of unproved properties 10,849,000 4,316,000
Share-based Compensation 12,372,000 11,837,000
Change in Net Profits Plan liability (18,140,000) 211,000
Unrealized derivative gain (74,014,000) 24,160,000
Amortization of debt discount and deferred financing costs 4,616,000 11,294,000
Deferred income taxes 30,215,000 52,241,000
Plugging and abandonment (1,516,000) (1,430,000)
Other (867,000) (5,888,000)
Changes in current assets and liabilities:    
Accounts receivable 735,000 (10,370,000)
Refundable income taxes 2,978,000 5,348,000
Prepaid expenses and other (4,759,000) 15,692,000
Accounts payable and accrued expenses (4,019,000) (2,530,000)
Excess income tax benefit from the exercise of stock awards 0 (6,791,000)
Net cash provided by operating activities 410,288,000 369,973,000
Cash flows from investing activities:    
Net proceeds from sale of oil and gas properties 15,410,000 97,952,000
Capital expenditures (705,366,000) (662,372,000)
Payments to Acquire Oil and Gas Property (5,312,000) 0
Other 111,000 (2,355,000)
Net cash used in investing activities (695,157,000) (566,775,000)
Cash flows from financing activities:    
Proceeds from credit facility 802,500,000 102,000,000
Repayment of credit facility (741,500,000) (150,000,000)
Debt issuance costs related to credit facility 0 (8,525,000)
Proceeds from Issuance of 6.50% Senior Notes due 202 392,336,000 0
Proceeds from Issuance of 6.625% Senior Notes 0 341,435,000
Repayments of Convertible Debt (287,500,000) 0
Proceeds from sale of common stock 2,888,000 4,929,000
Dividends paid (3,208,000) (3,181,000)
Excess income tax benefit from the exercise of stock awards 0 6,791,000
Other 343,000 (644,000)
Net cash provided by (used in) financing activities 165,859,000 292,805,000
Net change in cash and cash equivalents (119,010,000) 96,003,000
Cash and cash equivalents at beginning of period 119,194,000 5,077,000
Cash and cash equivalents at end of period 184,000 101,080,000
Supplemental schedule of additional cash flow information and noncash investing and financing activities:    
Cash paid for interest (30,137,000) (6,378,000)
Net cash refunded for income taxes 2,815,000 2,543,000
Capital Expenditures Incurred but Not yet Paid $ 226,000,000 $ 237,900,000