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Condensed Consolidated Balance Sheet (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2012
Dec. 31, 2011
ASSETS    
Cash and cash equivalents $ 280,303 $ 470,872
Short-term investments 126,213 19,994
Accounts receivable - oil and gas revenues 104,965 52,164
Accounts receivable - joint interest partners 83,630 67,268
Inventory 21,142 3,543
Prepaid expenses 4,030 2,140
Advances to joint interest partners 4,025 3,935
Derivative instruments 17,320  
Deferred income taxes   3,233
Other current assets 78 491
Total current assets 641,706 623,640
Property, plant and equipment    
Oil and gas properties (successful efforts method) 2,079,016 1,235,357
Other property and equipment 45,261 20,859
Less: accumulated depreciation, depletion, amortization and impairment (320,478) (176,261)
Total property, plant and equipment, net 1,803,799 1,079,955
Derivative instruments 10,047 4,362
Deferred costs and other assets 25,349 19,425
Total assets 2,480,901 1,727,382
LIABILITIES AND STOCKHOLDERS' EQUITY    
Accounts payable 30,954 12,207
Advances from joint interest partners 26,572 9,064
Revenues and production taxes payable 64,091 19,468
Accrued liabilities 200,544 119,692
Accrued interest payable 22,481 15,774
Derivative instruments 1,273 5,907
Deferred income taxes 3,782  
Other current liabilities 5,256 472
Total current liabilities 354,953 182,584
Long-term debt 1,200,000 800,000
Asset retirement obligations 20,529 13,075
Derivative instruments 360 3,505
Deferred income taxes 152,617 92,983
Other liabilities 2,078 997
Total liabilities 1,730,537 1,093,144
Commitments and contingencies (Note 12)      
Stockholders' equity    
Common stock, $0.01 par value; 300,000,000 shares authorized; 93,435,593 issued and 93,369,468 outstanding at September 30, 2012; 92,483,393 issued and 92,460,914 outstanding at December 31, 2011 923 921
Treasury stock, at cost; 66,125 and 22,479 shares at September 30, 2012 and December 31, 2011, respectively (1,901) (602)
Additional paid-in-capital 653,999 647,374
Retained earnings (deficit) 97,343 (13,455)
Total stockholders' equity 750,364 634,238
Total liabilities and stockholders' equity $ 2,480,901 $ 1,727,382