XML 81 R49.htm IDEA: XBRL DOCUMENT v2.3.0.15
Long-Term Debt - Additional Information (Detail) (USD $)
3 Months Ended9 Months Ended1 Months Ended3 Months Ended9 Months Ended9 Months Ended9 Months Ended9 Months Ended9 Months Ended1 Months Ended3 Months Ended9 Months Ended1 Months Ended
Sep. 30, 2011
Sep. 30, 2011
Aug. 31, 2011
Revolving credit facility
Sep. 30, 2011
Revolving credit facility
Sep. 30, 2011
Revolving credit facility
Aug. 31, 2011
Revolving credit facility
Letter of Credit
Sep. 30, 2011
Revolving credit facility
Commitment Fee Percentage on the Undrawn Portion of the Facility at Current Utilization Levels
Sep. 30, 2011
Revolving credit facility
Commitment Fee Percentage Based upon Utilization Levels in Excess of 50% of the Borrowing Base
Sep. 30, 2011
Revolving credit facility
After September 30, 2013
Sep. 30, 2011
Revolving credit facility
Minimum
Sep. 30, 2011
Revolving credit facility
Maximum
Sep. 30, 2011
Previous Revolving Credit Facility
Sep. 30, 2011
10.375% Senior Unsecured Notes due 2016
Sep. 30, 2011
10.375% Senior Unsecured Notes due 2016
Semi Annual Payment, First Payment
Sep. 30, 2011
10.375% Senior Unsecured Notes due 2016
Semi Annual Payment, Second Payment
Sep. 30, 2011
10.375% Senior Unsecured Notes due 2016
Group one
Sep. 30, 2011
10.375% Senior Unsecured Notes due 2016
Group Two
Sep. 30, 2011
7.25% Senior Unsecured Notes due 2019
Sep. 30, 2011
7.25% Senior Unsecured Notes due 2019
Semi Annual Payment, First Payment
Sep. 30, 2011
7.25% Senior Unsecured Notes due 2019
Semi Annual Payment, Second Payment
Sep. 30, 2011
7.25% Senior Unsecured Notes due 2019
Group one
Sep. 30, 2011
7.25% Senior Unsecured Notes due 2019
Group Two
Apr. 30, 2011
4.5% Convertible Notes due 2012
Jun. 30, 2011
4.5% Convertible Notes due 2012
Sep. 30, 2011
4.5% Convertible Notes due 2012
Sep. 30, 2011
4.5% Convertible Notes due 2012
Semi Annual Payment, First Payment
Sep. 30, 2011
4.5% Convertible Notes due 2012
Semi Annual Payment, Second Payment
Aug. 31, 2011
Maximum
Debt Disclosure [Line Items]                            
Maximum borrowing capacity  $ 300,000,000  $ 20,000,000                      
Credit facility expiration  August 2016                         
Letter of credit initial borrowing base  380,000,000                         
Optional additional borrowing  600,000,000                         
Borrowing Base Commitment Description  The borrowing base is redetermined semi-annually. There is an accordion feature that allows us to increase the commitment up to the lower of the borrowing base or $600 million upon receiving additional commitments from one or more lenders.                         
Credit facility interest rate description    Borrowings under the Revolver bear interest, at our option, at either (i) a rate derived from the London Interbank Offered Rate, as adjusted for statutory reserve requirements for Eurocurrency liabilities (the "Adjusted LIBOR"), plus an applicable margin ranging from 1.500% to 2.500% or (ii) the greater of (a) the prime rate, (b) the federal funds effective rate plus 0.5% or (c) the one-month Adjusted LIBOR plus 1.0%, and, in each case, plus an applicable margin (ranging from 0.500% to 1.500%). The applicable margin is determined based on the ratio of our outstanding borrowings to the available Revolver capacity. Commitment fees are charged at 0.375% increasing to 0.500% on the undrawn portion of the Revolver as determined by our ratio of outstanding borrowings to the available Revolver capacity.                       
Credit facility interest rate option two, base rate over federal funds effective rate    0.50%                       
Credit facility interest rate option two, base rate over one-month Adjusted LIBOR    1.00%                       
Credit facility interest rate option one, applicable margin rate over Adjusted LIBOR         1.50%2.50%                 
Credit facility interest rate option two, applicable margin rate         0.50%1.50%                 
Commitment fees for undrawn credit facility      0.375%0.50%                    
Effective interest rate   1.80%                    8.50%   
Current ratio         1                  
Debt to EBITDAX ratio   4.54.5   4                   
Letter of credit amount outstanding           1,400,000                
Available borrowing capacity           284,000,000                
Original sale amount, percentage of par            97.00%               
Effective yield to maturity            11.00%               
Annual interest rate            10.375%    7.25%      4.50%   
Interest payment date             June 15December 15   April 15October 15     May 15November 15 
Redemption period start               June 2013June 2015   April 2015June 2017      
Redemption option, percent of principal               105.188%100.00%   103.625%100.00%      
Debt maturity                        November 2012   
Conversion rate, numerator                        17.3160   
Conversion rate, denominator                        1,000   
Initial conversion price                        $ 57.75   
Principal amount of Convertible Notes tendered                      225,085,000225,085,000    
Cash paid to repurchase principal                      232,963,000232,963,000    
Tender premium per principal amount                      35     
Tender offer, principal amount                      1,000     
Percentage of outstanding debt extinguished                      98.00%     
Loss on extinguishment of debt                       (25,900,000)    
Loss on extinguishment of debt charged to earnings(1,165,000)(25,403,000)                     (24,238,000)    
Loss on extinguishment of debt charged directly to shareholders' equity                       (1,700,000)    
Outstanding warrants to acquire shares of common stock3,982,6803,982,680                          
Warrants exercise price 74.25                          
Cash proceeds from sale of Note Hedges                           $ 100,000