Statement Of Cash Flow Information

9 Months Ended

Sep. 30, 2012

Statement Of Cash Flow Information [Abstract]

Statement Of Cash Flow Information

Note 5 – Statement of Cash Flow Information

We define cash and cash equivalents as cash and all highly liquid financial instruments with original maturities of less than three months.  We had restricted cash totaling $31.0 million at September 30, 2012 and $33.7 million at December 31, 2011,all of which consisted of funds required to be escrowed to cover the future asset retirement obligations associated with our South Marsh Island Block 130 field.  We have fully satisfied the escrow requirements under the escrow agreement and may use the restricted cash for reclamation activities at the field, which activities mayoccur over many years.  These escrowed funds are reflected in “Other assets, net” in the accompanying condensed consolidated balance sheets.

The following table provides supplemental cash flow information for the nine-month periods ended September 30, 2012 and 2011 (in thousands):

		Nine Months Ended
		September  30,
		2012		2011
Interest paid, net of capitalized interest	$	61,637	$	73,096
Income taxes paid	$	39,011	$	9,575

Non-cash investing activities for the nine-month periods ended September 30, 2012 and 2011 included $33.1 million and $34.8 million, respectively, of accruals for capital expenditures.  The accruals have been reflected in the accompanying condensed consolidated balance sheets as an increase in “Property and equipment”  as well as “Accounts payable”.