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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash flows from operating activities:    
Net income $ 106,030 $ 144,246
Adjustments to reconcile net income to net cash provided by operating activities:    
Gain on divestiture activity (54,934) (127,999)
Depletion, depreciation, amortization, and asset retirement obligation liability accretion 220,738 157,535
Exploratory dry hole expense 49 327
Abandonment and impairment of unproved properties 4,316 3,279
Stock-based compensation expense 11,837 11,864
Change in Net Profits Plan liability 211 (33,871)
Unrealized derivative (gain) loss 24,160 (9,822)
Amortization of debt discount and deferred financing costs 11,294 6,657
Deferred income taxes 52,241 78,820
Plugging and abandonment (1,430) (6,222)
Other (5,888) 2,937
Changes in current assets and liabilities:    
Accounts receivable (10,370) 7,628
Refundable income taxes 5,348 9,558
Prepaid expenses and other 15,692 (148)
Accounts payable and accrued expenses (2,530) 26,299
Excess income tax benefit from the exercise of stock awards (6,791) (938)
Net cash provided by operating activities 369,973 270,150
Cash flows from investing activities:    
Net proceeds from sale of oil and gas properties 97,952 247,998
Capital expenditures (662,372) (304,627)
Deposits to restricted cash   (19,595)
Other (2,355) (6,492)
Net cash used in investing activities (566,775) (82,716)
Cash flows from financing activities:    
Proceeds from credit facility 102,000 204,059
Repayment of credit facility (150,000) (392,059)
Debt issuance costs related to credit facility (8,525)  
Net proceeds from 6.625% Senior Notes 341,435  
Proceeds from sale of common stock 4,929 2,916
Dividends paid (3,181) (3,144)
Excess income tax benefit from the exercise of stock awards 6,791 938
Other (644) (544)
Net cash provided by (used in) financing activities 292,805 (187,834)
Net change in cash and cash equivalents 96,003 (400)
Cash and cash equivalents at beginning of period 5,077 10,649
Cash and cash equivalents at end of period 101,080 10,249
Supplemental schedule of additional cash flow information and noncash investing and financing activities:    
Cash paid for interest (6,378) (8,152)
Net cash refunded for income taxes $ 2,543 $ 2,392