XML 22 R57.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidating Financial Information - Schedule of Condensed Consolidating Balance Sheet (Detail) (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2013
Dec. 31, 2012
Sep. 30, 2012
Dec. 31, 2011
ASSETS        
Cash and cash equivalents $ 125,440 $ 213,447 $ 280,303 $ 470,872
Restricted cash 986,210 0    
Short-term investments 0 25,891    
Accounts receivable — oil and gas revenues 155,068 110,341    
Accounts receivable — joint interest partners 120,058 99,194    
Accounts receivable – from affiliates         
Inventory 18,358 20,707    
Prepaid expenses 7,440 1,770    
Advances to joint interest partners 1,170 1,985    
Derivative instruments 374 19,016    
Deferred income taxes 8,683      
Other current assets 473 335    
Total current assets 1,423,274 492,686    
Property, plant and equipment        
Oil and gas properties (successful efforts method) 3,044,515 2,348,128    
Other property and equipment 157,926 49,732    
Less: accumulated depreciation, depletion, amortization and impairment (589,173) (391,260)    
Total property, plant and equipment, net 2,613,268 2,006,600    
Derivative instruments 3,405 4,981    
Deferred income taxes         
Deferred costs and other assets 43,436 24,527    
Total assets 4,083,383 2,528,794    
LIABILITIES AND STOCKHOLDERS’ EQUITY        
Accounts payable 39,468 12,491    
Accounts payable – from affiliates         
Advances from joint interest partners 13,211 21,176    
Revenues and production taxes payable 133,083 71,553    
Accrued liabilities 198,493 189,863    
Accrued interest payable 22,873 30,096    
Derivative instruments 17,060 1,048    
Deferred income taxes 0 4,558    
Total current liabilities 424,188 330,785    
Long-term debt 2,360,000 1,200,000    
Asset retirement obligations 26,999 22,956    
Derivative instruments 852 380    
Deferred income taxes 293,156 177,671    
Other liabilities 2,310 1,997    
Total liabilities 3,107,505 1,733,789    
Stockholders’ equity        
Common stock, $0.01 par value; 300,000,000 shares authorized; 93,854,867 issued and 93,690,494 outstanding at September 30, 2013; 93,432,712 issued and 93,303,298 outstanding at December 31, 2012 926 925    
Treasury stock, at cost; 164,373 and 129,414 shares at September 30, 2013 and December 31, 2012, respectively (5,220) (3,796)    
Additional paid-in-capital 666,770 657,943    
Retained earnings 313,402 139,933    
Total stockholders’ equity 975,878 795,005    
Total liabilities and stockholders’ equity 4,083,383 2,528,794    
Parent/Issuer [Member]
       
ASSETS        
Cash and cash equivalents 32,955 133,797 231,170 443,482
Restricted cash 986,210      
Short-term investments   25,891    
Accounts receivable – from affiliates 770 310    
Prepaid expenses 477 313    
Other current assets 2 235    
Total current assets 1,020,414 160,546    
Property, plant and equipment        
Investments in and advances to subsidiaries 2,082,828 1,807,010    
Deferred income taxes 69,795 42,746    
Deferred costs and other assets 34,128 20,748    
Total assets 3,207,165 2,031,050    
LIABILITIES AND STOCKHOLDERS’ EQUITY        
Accounts payable   9    
Accounts payable – from affiliates 8,432 5,845    
Accrued liabilities 46 100    
Accrued interest payable 22,809 30,091    
Total current liabilities 31,287 36,045    
Long-term debt 2,200,000 1,200,000    
Total liabilities 2,231,287 1,236,045    
Stockholders’ equity        
Common stock, $0.01 par value; 300,000,000 shares authorized; 93,854,867 issued and 93,690,494 outstanding at September 30, 2013; 93,432,712 issued and 93,303,298 outstanding at December 31, 2012 926 925    
Treasury stock, at cost; 164,373 and 129,414 shares at September 30, 2013 and December 31, 2012, respectively (5,220) (3,796)    
Additional paid-in-capital 666,770 657,943    
Retained earnings 313,402 139,933    
Total stockholders’ equity 975,878 795,005    
Total liabilities and stockholders’ equity 3,207,165 2,031,050    
Combined Guarantor Subsidiaries [Member]
       
ASSETS        
Cash and cash equivalents 92,485 79,650 49,133 27,390
Accounts receivable — oil and gas revenues 155,068 110,341    
Accounts receivable — joint interest partners 120,058 99,194    
Accounts receivable – from affiliates 8,432 5,845    
Inventory 18,358 20,707    
Prepaid expenses 6,963 1,457    
Advances to joint interest partners 1,170 1,985    
Derivative instruments 374 19,016    
Deferred income taxes 8,683      
Other current assets 471 100    
Total current assets 412,062 338,295    
Property, plant and equipment        
Oil and gas properties (successful efforts method) 3,044,515 2,348,128    
Other property and equipment 157,926 49,732    
Less: accumulated depreciation, depletion, amortization and impairment (589,173) (391,260)    
Total property, plant and equipment, net 2,613,268 2,006,600    
Derivative instruments 3,405 4,981    
Deferred costs and other assets 9,308 3,779    
Total assets 3,038,043 2,353,655    
LIABILITIES AND STOCKHOLDERS’ EQUITY        
Accounts payable 39,468 12,482    
Accounts payable – from affiliates 770 310    
Advances from joint interest partners 13,211 21,176    
Revenues and production taxes payable 133,083 71,553    
Accrued liabilities 198,447 189,763    
Accrued interest payable 64 5    
Derivative instruments 17,060 1,048    
Deferred income taxes   4,558    
Total current liabilities 402,103 300,895    
Long-term debt 160,000      
Asset retirement obligations 26,999 22,956    
Derivative instruments 852 380    
Deferred income taxes 362,951 220,417    
Other liabilities 2,310 1,997    
Total liabilities 955,215 546,645    
Stockholders’ equity        
Capital contributions from affiliates 1,643,729 1,586,780    
Additional paid-in-capital 8,743 8,743    
Retained earnings 430,356 211,487    
Total stockholders’ equity 2,082,828 1,807,010    
Total liabilities and stockholders’ equity 3,038,043 2,353,655    
Intercompany Eliminations [Member]
       
ASSETS        
Accounts receivable – from affiliates (9,202) (6,155)    
Total current assets (9,202) (6,155)    
Property, plant and equipment        
Investments in and advances to subsidiaries (2,082,828) (1,807,010)    
Deferred income taxes (69,795) (42,746)    
Total assets (2,161,825) (1,855,911)    
LIABILITIES AND STOCKHOLDERS’ EQUITY        
Accounts payable – from affiliates (9,202) (6,155)    
Total current liabilities (9,202) (6,155)    
Deferred income taxes (69,795) (42,746)    
Total liabilities (78,997) (48,901)    
Stockholders’ equity        
Capital contributions from affiliates (1,643,729) (1,586,780)    
Additional paid-in-capital (8,743) (8,743)    
Retained earnings (430,356) (211,487)    
Total stockholders’ equity (2,082,828) (1,807,010)    
Total liabilities and stockholders’ equity $ (2,161,825) $ (1,855,911)