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Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Operating activities    
Net (loss) income $ (15,505) $ 3,801
Adjustments to reconcile net (loss) income to net cash provided by operating activities    
Unrealized loss on derivatives 4,825 3,270
Depletion, depreciation and amortization 28,232 11,205
Accretion of asset retirement obligations 81 53
Full-cost ceiling impairment 21,230   
Stock-based compensation expense 492 (363)
Deferred income tax provision   3,064
Changes in operating assets and liabilities    
Accounts receivable 1,752 (8,456)
Lease and well equipment inventory 121  
Prepaid expenses (493) (544)
Other assets (172) 13
Accounts payable, accrued liabilities and other current liabilities (10,788) (8,563)
Royalties payable 1,165 1,341
Advances from joint interest owners 1,034  
Income taxes payable 46  
Other long-term liabilities 209 289
Net cash provided by operating activities 32,229 5,110
Investing activities    
Oil and natural gas properties capital expenditures (83,387) (51,959)
Expenditures for other property and equipment (1,374) (1,413)
Purchases of certificates of deposit (61) (150)
Maturities of certificates of deposit 150 758
Net cash used in investing activities (84,672) (52,764)
Financing activities    
Repayments of borrowings under Credit Agreement   (123,000)
Borrowings under Credit Agreement 55,000 25,000
Proceeds from issuance of common stock   146,510
Cost to issue equity   (11,330)
Proceeds from stock options exercised   2,660
Payment of dividends - Class B   (96)
Net cash provided by financing activities 55,000 39,744
Increase (decrease) in cash 2,557 (7,910)
Cash at beginning of period 2,095 10,284
Cash at end of period $ 4,652 $ 2,374