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Consolidated statements of cash flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Cash flows from operating activities:    
Net income $ 37,221 $ 57,210
Adjustments to reconcile net income to net cash provided by operating activities:    
Deferred income tax expense 21,601 32,181
Depreciation, depletion and amortization 131,364 112,220
Non-cash stock-based compensation 7,680 4,835
Accretion of asset retirement obligations 804 556
Unrealized (gain) loss on derivative financial instruments, net (2,449) (16,929)
Premiums paid for derivative financial instruments (5,249) (2,927)
Amortization of premiums paid for derivative financial instruments 282 319
Amortization of deferred loan costs 2,627 2,268
Other 74 (81)
(Increase) decrease in accounts receivable (6,591) 2,303
(Increase) decrease in other current assets (894) (3,075)
Increase (decrease) in accounts payable (16,568) 3,304
Increase (decrease) in undistributed revenues and royalties 4,327 4,721
Increase (decrease) in accrued compensation and benefits (293) (3,060)
Increase (decrease) in other accrued liabilities 1,777 4,828
Increase (decrease) in other noncurrent liabilities 422 89
Increase (decrease) in fair value of performance unit awards 2,155 1,028
Net cash provided by operating activities 178,290 199,790
Capital expenditures:    
Investment in equity method investee (3,287) 0
Oil and natural gas properties (375,901) (473,846)
Pipeline and gas gathering assets (8,302) (7,031)
Other fixed assets (8,803) (4,988)
Proceeds from other fixed asset disposals 0 34
Net cash used in investing activities (396,293) (485,831)
Cash flows from financing activities:    
Borrowings on revolving credit facilities 230,000 195,000
Payments on revolving credit facility 0 280,000
Issuance of 2022 Notes 0 500,000
Purchase of treasury stock (919) 0
Payments for loan costs 714 10,476
Net cash provided by financing activities 228,367 404,524
Net decrease in cash and cash equivalents 10,364 118,483
Cash and cash equivalents, beginning of period 33,224 28,002
Cash and cash equivalents, end of period 43,588 146,485
Supplemental disclosure of cash flow information:    
Cash paid for interest, net of $212 and $505, respectively, of capitalized interest 48,348 27,956
Change in accrued capital expenditures (33,892) 1,624
Capitalized asset retirement cost $ 1,262 $ 2,270