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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2011
Dec. 31, 2010
Current assets    
Cash and cash equivalents $ 7,512 $ 120,911
Accounts receivable, net of allowance for doubtful accounts 72,432 72,378
Derivative assets 18,987 16,818
Income taxes receivable 31,465  
Other current assets 14,950 4,233
Total current assets 145,346 214,340
Property and equipment, net (successful efforts method) 1,777,575 1,705,584
Derivative assets   3,889
Other assets 20,132 20,787
Total assets 1,943,053 1,944,600
Current liabilities    
Accounts payable and accrued liabilities 94,504 99,661
Derivative liabilities 3,549 388
Deferred income taxes 3,808 4,318
Income taxes payable   2,627
Current portion of long-term debt 4,746  
Total current liabilities 106,607 106,994
Other liabilities 15,887 19,958
Derivative liabilities 6,850  
Deferred income taxes 274,839 330,836
Long-term debt 692,561 506,536
Commitments and contingencies (Note 12)      
Shareholders' equity:    
Preferred stock of $100 par value - 100,000 shares authorized; none issued      
Common stock of $0.01 par value - 128,000,000 shares authorized; shares issued of 45,714,191 and 45,556,854 as of December 31, 2011 and December 31, 2010, respectively 270 267
Paid-in capital 690,131 680,981
Retained earnings 157,242 300,473
Deferred compensation obligation 3,620 2,743
Accumulated other comprehensive loss (1,084) (938)
Treasury stock - 223,886 and 125,357 shares of common stock, at cost, as of December 31, 2011 and December 31, 2010, respectively (3,870) (3,250)
Total shareholders' equity 846,309 980,276
Total liabilities and shareholders' equity $ 1,943,053 $ 1,944,600