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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Operating activities    
Net (loss) income $ (29,720) $ 12,073
Adjustments to reconcile net (loss) income to net cash provided by operating activities    
Unrealized loss on derivatives 6,626 1,149
Depletion, depreciation and amortization 74,593 52,799
Accretion of asset retirement obligations 248 170
Full-cost ceiling impairment 21,229 36,801
Stock-based compensation expense (2,763) 223
Deferred income tax provision 1,661 (1,430)
Net loss on asset sales and inventory impairment 192 60
Changes in operating assets and liabilities    
Accounts receivable (886) (8,718)
Lease and well equipment inventory 198 (285)
Prepaid expenses (2,148) 179
Other assets (728) (650)
Accounts payable, accrued liabilities and other current liabilities (10,702) 6,105
Royalties payable (3,812) (4,065)
Advances from joint interest owners (1,505) 1,782
Income taxes payable 980 188
Other long-term liabilities 1,139 406
Net cash provided by operating activities 127,192 80,325
Investing activities    
Oil and natural gas properties capital expenditures (257,216) (212,702)
Expenditures for other property and equipment (3,058) (5,297)
Purchases of certificates of deposit (61) (416)
Maturities of certificates of deposit 251 1,485
Net cash used in investing activities (260,084) (216,930)
Financing activities    
Repayments of borrowings under Credit Agreement (130,000) (123,000)
Borrowings under Credit Agreement 125,000 116,000
Proceeds from issuance of common stock 149,069 146,510
Swing Sale Profit 0 24
Cost to issue equity (6,933) (11,599)
Proceeds from stock options exercised 0 2,660
Taxes paid related to net share settlement of stock-based compensation (9) 0
Payment of dividends - Class B 0 (96)
Net cash provided by financing activities 137,127 130,499
Increase (decrease) in cash 4,235 (6,106)
Cash at beginning of period 2,095 10,284
Cash at end of period $ 6,330 $ 4,178