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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Operating activities:      
Net Income (Loss) Attributable to Parent $ 453,202 $ 464,459 $ (451,053)
Adjustments to reconcile net (Loss) income to cash provided by operating activities:      
Depletion and depreciation 346,394 241,796 201,826
Write-down of proved oil and gas properties 0 0 1,037,000
Deferred and current non-cash income taxes 251,206 253,926 (253,966)
Unrealized loss (gain) on commodity derivatives (100,383) (208,625) 92,849
Excess tax benefit from stock based compensation (6,212) (17,522) (14,213)
Stock compensation 13,919 12,944 10,901
Other 1,495 734 1,023
Net changes in operating assets and liabilities:      
Restricted cash (23) 1,583 1,046
Accounts receivable (26,910) (31,966) 14,974
Other current assets (17) 0 2,913
Prepaid expenses and other (1,291) (229) 4,268
Other non-current assets 0 (1,176) (2,905)
Accounts payable, production taxes and accrued liabilities 86,079 91,982 (38,079)
Production taxes payable 8,735 (7,439) (596)
Interest payable 3,428 14,867 5,902
Other long-term obligations 433 6,035 (13,638)
Taxation payable 3,203 3,359 215
Net cash provided by operating activities 1,033,292 824,728 592,641
Investing Activities:      
Acquisition of oil and gas properties 0 (403,806) 0
Oil and gas property expenditures (1,435,611) (1,164,389) (673,518)
Gathering system expenditures (83,996) (76,703) (67,833)
Restricted Cash Non Current 0 28,257 (28,257)
Proceeds on sale of subsidiary, net of transaction costs 5,821 68,420 0
Change in capital cost accrual 125,261 19,826 (56,327)
Inventory 1,595 1,738 4,024
Purchase of property, plant and equipment (21,865) (2,442) 1,300
Net cash used in investing activities (1,408,795) (1,529,099) (820,611)
Financing activities:      
Borrowings on long-term debt 1,257,000 1,000,000 817,000
Payments on long-term debt (914,000) (1,260,000) (827,000)
Proceeds from issuance of Senior Notes 0 1,025,000 235,000
Deferred financing costs (6,866) (4,425) (1,283)
Repurchased shares/net share settlements (36,298) (23,707) (11,293)
Excess Tax Benefit from Share-based Compensation, Financing Activities 6,212 17,522 14,213
Proceeds from exercise of options 9,928 6,561 1,430
Net cash provided by (used in) financing activities 315,976 760,951 228,067
(Decrease)/increase in cash during the period (59,527) 56,580 97
Cash and cash equivalents, beginning of period 70,834 14,254 14,157
Cash and cash equivalents, end of period 11,307 70,834 14,254
Cash paid for:      
Interest 88,964 53,291 30,579
Income taxes $ 7,260 $ 2,537 $ 11,403