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Condensed Consolidated Balance Sheets (USD $)
In Thousands
Jun. 30, 2011
Dec. 31, 2010
Current assets:    
Cash and cash equivalents $ 1,223 $ 1,359
Accounts receivable, net of allowance for doubtful accounts of $5,083 both at June 30, 2011 and at December 31, 2010 139,116 130,142
Materials and supplies 6,772 6,316
Current derivative assets (Note 10) 5,402 5,568
Current income tax receivable 19,203 25,211
Current deferred tax asset 11,773 13,537
Prepaid expenses and other 6,342 6,047
Total current assets 189,831 188,180
Property and equipment:    
Drilling equipment 1,353,142 1,273,861
Oil and natural gas properties on the full cost method:    
Proved properties 2,973,505 2,738,093
Undeveloped leasehold not being amortized 184,084 175,065
Gas gathering and processing equipment 236,369 199,564
Transportation equipment 33,508 31,688
Other 32,180 28,511
Property, plant and equipment, gross, total 4,812,788 4,446,782
Less accumulated depreciation, depletion, amortization and impairment 2,172,066 2,047,031
Net property and equipment 2,640,722 2,399,751
Deferred financing costs, net 5,913 0
Goodwill 62,808 62,808
Other intangible assets, net 2,460 3,022
Non-current derivative assets (Note 10) 3,028 2,537
Other assets 12,740 12,942
Total assets 2,917,502 2,669,240
Current liabilities:    
Accounts payable 88,637 89,885
Accrued liabilities (Note 5) 35,259 30,093
Contract advances 1,803 2,582
Current portion of derivative liabilities (Note 10) 10,314 14,446
Current portion of other long-term liabilities (Note 6) 10,120 10,122
Total current liabilities 146,133 147,128
Long-term debt (Note 6) 250,000 163,000
Long-term derivative liabilities (Note 10) 1,718 4,359
Other long-term liabilities (Note 6) 92,917 88,030
Deferred income taxes 613,476 556,106
Shareholders' equity:    
Preferred stock, $1.00 par value, 5,000,000 shares authorized, none issued 0 0
Common stock, $.20 par value, 175,000,000 shares authorized, 48,159,720 and 47,910,431 shares issued, respectively 9,530 9,493
Capital in excess of par value 401,571 393,501
Accumulated other comprehensive loss (3,163) (6,851)
Retained earnings 1,405,320 1,314,474
Total shareholders' equity 1,813,258 1,710,617
Total liabilities and shareholders' equity $ 2,917,502 $ 2,669,240