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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Operating activities    
Net (loss) income $ (16,363) $ 15,505
Adjustments to reconcile net (loss) income to net cash provided by operating activities    
Unrealized loss on derivatives 3,108 4,825
Depletion, depreciation and amortization 24,030 28,232
Accretion of asset retirement obligations 117 81
Full-cost ceiling impairment 0 21,230
Stock-based compensation expense (1,795) (492)
Deferred income tax provision 8,261   
Changes in operating assets and liabilities    
Accounts receivable (6,941) 1,752
Lease and well equipment inventory (31) 121
Prepaid expenses (424) (493)
Other assets (466) (172)
Accounts payable, accrued liabilities and other current liabilities (16,540) (10,788)
Royalties payable (1,597) (1,165)
Advances from joint interest owners 0 1,034
Income taxes payable 1,275 46
Other long-term liabilities (199) 209
Net cash provided by operating activities 31,945 32,229
Investing activities    
Oil and natural gas properties capital expenditures (92,891) (83,387)
Expenditures for other property and equipment (1,007) (1,374)
Purchases of certificates of deposit 0 (61)
Maturities of certificates of deposit 0 150
Net cash used in investing activities (93,898) (84,672)
Financing activities    
Borrowings under Credit Agreement 70,000 55,000
Proceeds from stock options exercised 6 0
Net cash provided by financing activities 70,006 55,000
Increase (decrease) in cash 8,053 2,557
Cash at beginning of period 6,287 2,095
Cash at end of period $ 14,340 $ 4,652