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Condensed Balance Sheets (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 81 $ 298
Restricted short-term investments 65 65
Accounts receivable 106,537 115,952
Deferred income taxes 0 13,779
Derivative instruments 28,650 6,117
Assets held for sale 0 14,622
Prepaid expenses and other 17,631 16,801
Total current assets 152,964 167,634
Oil and natural gas properties (successful efforts basis), buildings and equipment, net 2,810,963 2,531,393
Derivative instruments 20,092 7,027
Other assets 32,035 28,898
TOTAL ASSETS 3,016,054 2,734,952
Current liabilities:    
Accounts payable 138,104 126,489
Revenue and royalties payable 36,941 49,253
Accrued liabilities 41,138 35,066
Derivative instruments 2 20,365
Deferred income taxes 9,111 0
Total current liabilities 225,296 231,173
Long-term liabilities:    
Deferred income taxes 230,736 185,450
Senior secured revolving credit facility 400,500 531,500
8.25% Senior subordinated notes due 2016 0 200,000
Asset retirement obligation 80,880 64,019
Derivative instruments 0 15,505
Other long-term liabilities 17,662 17,884
Total long-term liabilities 1,831,952 1,663,050
Shareholders' equity:    
Preferred stock, $0.01 par value, 2,000,000 shares authorized; no shares outstanding 0 0
Capital in excess of par value 359,813 350,158
Accumulated other comprehensive loss (3,241) (5,517)
Retained earnings 601,692 495,549
Total shareholders' equity 958,806 840,729
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 3,016,054 2,734,952
Class A
   
Capital stock, $0.01 par value:    
Common Stock 524 521
Class B
   
Capital stock, $0.01 par value:    
Common Stock 18 18
10.25% Senior notes due 2014, net of unamortized discount
   
Long-term liabilities:    
Senior notes 202,174 348,692
6.75% Senior notes due 2020
   
Long-term liabilities:    
Senior notes 300,000 300,000
6.375% Senior notes due 2022
   
Long-term liabilities:    
Senior notes $ 600,000 $ 0