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Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2011
Dec. 31, 2010
Current assets:    
Cash and cash equivalents $ 298 $ 278
Short-term investments 65 65
Accounts receivable 115,952 93,406
Deferred income taxes 13,779 32,342
Derivative instruments 6,117 2,742
Assets held for sale 14,622 0
Prepaid expenses and other 16,801 14,033
Total current assets 167,634 142,866
Oil and natural gas properties (successful efforts basis), buildings and equipment, net 2,531,393 2,655,792
Derivative instruments 7,027 2,054
Other assets 28,898 37,904
TOTAL ASSETS 2,734,952 2,838,616
Current liabilities:    
Accounts payable 126,489 106,459
Revenue and royalties payable 49,253 37,812
Accrued liabilities 35,066 36,234
Line of credit 0 5,300
Derivative instruments 20,365 84,846
Total current liabilities 231,173 270,651
Long-term liabilities:    
Deferred income taxes 185,450 329,207
Senior secured revolving credit facility 531,500 170,000
8.25% Senior subordinated notes due 2016 200,000 200,000
10.25% Senior notes due 2014, net of unamortized discount of $6,564 and $11,035, respectively 348,692 438,965
6.75% Senior notes due 2020 300,000 300,000
Asset retirement obligations 64,019 [1] 53,443
Derivative instruments 15,505 33,526
Other long-term liabilities 17,884 18,271
Total long-term liabilities 1,663,050 1,543,412
Commitments and contingencies (Note 10)      
Shareholders' equity:    
Preferred stock, $0.01 par value, 2,000,000 shares authorized; no shares outstanding 0 0
Capital stock, $0.01 par value:    
Capital in excess of par value 350,158 327,369
Accumulated other comprehensive loss (5,517) (43,806)
Retained earnings 495,549 740,458
Total shareholders' equity 840,729 1,024,553
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 2,734,952 2,838,616
Class A
   
Capital stock, $0.01 par value:    
Common Stock 521 514
Class B
   
Capital stock, $0.01 par value:    
Common Stock $ 18 $ 18
[1] The asset retirement obligation related to the Nevada Assets, which were held for sale as of December 31, 2011, was $0.7 million at December 31, 2011 and is included in the asset retirement obligations liability on the December 31, 2011 Balance Sheets. See Note 3 to the Financial Statements.