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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Statement of Cash Flows [Abstract]    
Cash and cash equivalents $ 1,321 $ 12,413
Operating Activities    
Net Income (Loss) 502,614 120,461
Income from discontinued operations (469,490) (24,213)
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 399,568 332,247
Asset impairment 179,074 0
Accretion of discount on asset retirement obligations 5,650 5,187
Deferred income taxes 287,855 58,665
Change in derivative fair value (53,928) 53,581
(Gain) loss on sale of assets 105 (91)
Stock-based compensation expense 10,837 11,200
Exploration, including dry holes 10,808 8,759
Discontinued operations 112,180 149,462
Other, net (1,972) 10,013
Net change in:    
Accounts receivable (28,486) 31,051
Inventories (3,243) 7,836
Accounts payable 27,967 (58,003)
Income taxes (266,229) 16,061
Pension and other postretirement benefit contributions (2,397) (5,484)
Other current assets and liabilities (1,625) 11,284
Net cash provided by operating activities 709,288 728,016
Investing Activities    
Additions to oil and natural gas properties (906,166) (894,713)
Acquisitions, net of cash acquired (26,371) (21,400)
Proceeds from sale of Alabama Gas Corporation and other assets 1,347,904 2,382
Purchase of short-term investments (377,000) 0
Sale of short-term investments 359,000 0
Discontinued operations (51,850) (54,052)
Other, net 0 (405)
Net cash provided by (used in) investing activities 345,517 (968,188)
Financing Activities    
Payment of dividends on common stock (32,840) (31,454)
Issuance of common stock 23,053 13,680
Reduction of long-term debt (600,000) 0
Payment of debt issuance costs (7,912) 0
Net change in credit facility (410,100) 286,000
Tax benefit on stock compensation 3,873 2,710
Discontinued operations (35,113) (28,055)
Net cash provided by (used in) financing activities (1,059,039) 242,881
Net increase (decrease) in cash and cash equivalents (4,234) 2,709
Cash and cash equivalents at beginning of period $ 5,555 $ 9,704