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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Operating activities    
Net (loss) income $ (9,615) $ 2,875
Adjustments to reconcile net (loss) income to net cash provided by operating activities    
Unrealized loss on derivatives (2,701) (11,844)
Depletion, depreciation and amortization 48,466 31,119
Accretion of asset retirement obligations 161 111
Full-cost ceiling impairment 21,229 33,205
Stock-based compensation expense (1,524) 172
Deferred income tax provision 0 (649)
Net loss on asset sales and inventory impairment 192 60
Changes in operating assets and liabilities    
Accounts receivable 1,763 (2,761)
Lease and well equipment inventory 280 (98)
Prepaid expenses (215) (385)
Other assets (117) 59
Accounts payable, accrued liabilities and other current liabilities 4,615 1,687
Royalties payable 206 (3,642)
Advances from joint interest owners (1,515) 0
Income taxes payable 78 0
Other long-term liabilities 743 427
Net cash provided by operating activities 83,912 51,526
Investing activities    
Oil and natural gas properties capital expenditures (173,989) (134,425)
Expenditures for other property and equipment (2,081) (3,521)
Purchases of certificates of deposit (61) (266)
Maturities of certificates of deposit 230 1,335
Net cash used in investing activities (175,901) (136,877)
Financing activities    
Repayments of borrowings under Credit Agreement 0 (123,000)
Borrowings under Credit Agreement 95,000 70,000
Proceeds from issuance of common stock 0 146,510
Swing Sale Profit 0 24
Cost to issue equity 0 (11,599)
Proceeds from stock options exercised 0 2,660
Taxes paid related to net share settlement of stock-based compensation (1) 0
Payment of dividends - Class B 0 (96)
Net cash provided by financing activities 94,999 84,499
Increase (decrease) in cash 3,010 (852)
Cash at beginning of period 2,095 10,284
Cash at end of period $ 5,105 $ 9,432