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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Cash flows from operating activities:      
Net income (loss) $ 10,548 $ 47,126 $ (90,190)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Deferred tax expense (benefit) (1,810) 1,630 (14,635)
Depreciation, depletion and amortization 58,243 59,326 84,772
Ceiling test writedown 18,907   156,134
Non-cash gain on legal settlement   (4,164)  
Loss on early extinguishment of debt   5,973  
Gain on sale of assets     (485)
Accretion of asset retirement obligation 2,049 1,306 2,452
Pipe inventory impairment     913
Share-based compensation expense 4,833 7,137 6,328
Amortization costs and other 625 1,334 1,512
Payments to settle asset retirement obligations (905) (6,274) (1,803)
Changes in working capital accounts:      
Revenue receivable (2,474) 3,071 3,617
Joint interest billing receivable (35,252) (401) 11,937
Prepaid drilling and pipe costs 5,530 9,180 14,828
Accounts payable and accrued liabilities 34,599 3,368 (51,375)
Advances from co-owners 25,904 4,301 (1,687)
Other (2,907) (1,269) (496)
Net cash provided by operating activities 117,890 131,644 121,822
Cash flows from investing activities:      
Investment in oil and gas properties (194,536) (103,926) (63,420)
Investment in gas gathering assets     (204)
Proceeds from sale of unevaluated properties 28,461 22,473  
Proceeds from sale of oil and gas properties and other 14,000 35,000 7,451
Net cash used in investing activities (152,075) (46,453) (56,173)
Cash flows from financing activities:      
Net payments for share based compensation (1,133) (210) (366)
Deferred financing costs (517) (12) (114)
Proceeds from common stock offering     38,036
Costs of common stock offering     (258)
Payment of preferred stock dividend (5,139) (5,137) (5,139)
Repayment of bank borrowings (22,000) (29,000) (101,000)
Proceeds from bank borrowings 22,000    
Redemption of 10 3/8% Senior Notes   (150,000)  
Costs to redeem 10 3/8% Senior Notes   (4,187)  
Proceeds from issuance of 10% Senior Notes   150,000  
Costs to issue 10% Senior Notes   (4,180)  
Net cash used in financing activities (6,789) (42,726) (68,841)
Net increase (decrease) in cash and cash equivalents (40,974) 42,465 (3,192)
Cash and cash equivalents at beginning of period 63,237 20,772 23,964
Cash and cash equivalents at end of period 22,263 63,237 20,772
Cash paid during the period for:      
Interest 16,017 11,195 20,335
Income taxes $ 51 $ 192 $ 227