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Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Operating activities    
Net loss $ (12,073) $ (14,249)
Adjustments to reconcile net loss to net cash provided by operating activities    
Unrealized loss (gain) on derivatives 1,149 (1,534)
Depletion, depreciation and amortization 52,799 22,578
Accretion of asset retirement obligations 170 158
Full-cost ceiling impairment 36,801 35,673
Stock option and grant expense (585) 1,379
Restricted stock and restricted stock units expense 391 36
Deferred income tax benefit (1,430) (6,906)
Loss on asset sales and inventory impairment 60   
Changes in operating assets and liabilities    
Accounts receivable (8,718) (2,411)
Lease and well equipment inventory (285) (1)
Prepaid expenses 179 240
Other assets (650)   
Accounts payable, accrued liabilities and other liabilities 6,105 (2,360)
Income taxes payable 188   
Royalties payable 4,065 2,548
Advances from joint interest owners 1,782 (723)
Other long-term liabilities 406 15
Net cash provided by operating activities 80,325 34,443
Investing activities    
Oil and natural gas properties capital expenditures (212,702) (104,733)
Expenditures for other property and equipment (5,297) (3,303)
Purchases of certificates of deposit (416) (3,721)
Maturities of certificates of deposit 1,485 3,985
Net cash used in investing activities (216,930) (107,772)
Financing activities    
Repayments of borrowings under Credit Agreement (123,000)   
Borrowings under Credit Agreement 116,000 60,000
Proceeds from issuance of common stock 146,510 592
Swing sale profit contribution 24   
Cost to issue equity (11,599) (1,185)
Proceeds from stock options exercised 2,660 837
Payment of dividends - Class B (96) (206)
Net cash provided by financing activities 130,499 60,038
Decrease in cash and cash equivalents (6,106) (13,291)
Cash and cash equivalents at beginning of period 10,284 21,059
Cash and cash equivalents at end of period $ 4,178 $ 7,768