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Consolidated statements of cash flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Cash flows from operating activities:    
Net income $ 64,295 $ 49,764
Adjustments to reconcile net income to net cash provided by operating activities:    
Deferred income tax expense 35,511 31,970
Depletion, depreciation and amortization 166,605 187,346
Bad debt expense 0 653
Non-cash stock-based compensation, net of amount capitalized 16,919 13,556
Accretion of asset retirement obligations 1,279 1,154
Loss on derivatives, net 1,447 2,732
Cash settlements (paid) received for matured derivatives, net (1,320) 588
Cash settlements received for early terminations of derivatives, net 76,660 5,366
Change in net present value of deferred premiums paid for derivatives 170 384
Cash premiums paid for derivatives (5,599) (7,920)
Amortization of deferred loan costs 3,823 3,905
Write-off of deferred loan costs 124 1,502
Other 2,734 (662)
(Increase) decrease in accounts receivable (26,449) 5,873
Increase in other assets (8,656) (1,383)
Increase (decrease) in accounts payable 39,456 (17,724)
Increase (decrease) in undistributed revenues and royalties 14,105 (5,780)
Decrease in other accrued liabilities (7,908) (1,406)
Increase in other noncurrent liabilities 2,373 570
Increase in fair value of performance unit awards 767 4,950
Net cash provided by operating activities 376,336 275,438
Capital expenditures:    
Acquisition of oil and natural gas properties (6,493) (33,710)
Acquisition of mineral interests (7,305) 0
Oil and natural gas properties (925,121) (538,395)
Midstream service assets (45,263) (15,394)
Other fixed assets (13,612) (13,874)
Investment in equity method investee (37,581) (3,287)
Proceeds from dispositions of capital assets, net of costs 1,627 429,702
Net cash used in investing activities (1,033,748) (174,958)
Cash flows from financing activities:    
Borrowings on Senior Secured Credit Facility 75,000 230,000
Payments on Senior Secured Credit Facility 0 (395,000)
Issuance of January 2022 Notes 450,000 0
Proceeds from issuance of common stock, net of offering costs 0 298,104
Purchase of treasury stock (4,075) (1,478)
Proceeds from exercise of employee stock options 1,885 654
Payments for loan costs (7,791) (714)
Net cash provided by financing activities 515,019 131,566
Net (decrease) increase in cash and cash equivalents (142,393) 232,046
Cash and cash equivalents at beginning of period 198,153 33,224
Cash and cash equivalents at end of period $ 55,760 $ 265,270