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Oil and Gas Reserve Information Unaudited (Tables)
12 Months Ended
Dec. 31, 2011
Oil and Gas Reserve Information - Unaudited [Abstract]  
Estimated quantities of net proved and proved developed oil and natural gas reserves
                         
    Oil
(MBbls)
    Natural Gas
(MMcf)
    Oil and
Natural Gas
(MMcfe)
 

Estimated proved reserves as of December 31, 2008

    36,564       299,554       518,935  

Revisions of previous estimates

    1,964       (53,423     (41,636

Extensions, discoveries and other additions

    417       12,198       14,703  

Sale of reserves

    (402     (300     (2,714

Production

    (6,207     (41,335     (78,577
   

 

 

   

 

 

   

 

 

 

Estimated proved reserves as of December 31, 2009

    32,336       216,694       410,711  

Revisions of previous estimates

    3,299       13,439       33,231  

Extensions, discoveries and other additions

    2,668       82,846       98,854  

Purchase of producing properties

    637       3,816       7,637  

Sale of reserves

    (23     (153     (289

Production

    (5,714     (41,937     (76,221
   

 

 

   

 

 

   

 

 

 

Estimated proved reserves as of December 31, 2010

    33,203       274,705       473,923  

Revisions of previous estimates

    2,988       (23,801     (5,869

Extensions, discoveries and other additions

    3,544       93,520       114,784  

Purchase of producing properties

    14,396       24,595       110,971  

Sale of reserves

    (1,950     (2,150     (13,850

Production

    (6,427     (39,517     (78,079
   

 

 

   

 

 

   

 

 

 

Estimated proved reserves as of December 31, 2011

    45,754       327,352       601,880  
   

 

 

   

 

 

   

 

 

 
       

Estimated proved developed reserves:

                       

as of December 31, 2009

    24,380       172,452       318,729  
   

 

 

   

 

 

   

 

 

 

as of December 31, 2010

    25,000       174,876       324,876  
   

 

 

   

 

 

   

 

 

 

as of December 31, 2011

    31,026       174,067       360,224  
   

 

 

   

 

 

   

 

 

 
Standardized measure of future net cash flows related to estimated proved oil and gas reserves
                         
    Standardized Measure Year Ended December 31,  
    2011     2010     2009  

Future cash inflows

  $ 6,171,279     $ 3,803,004     $ 2,663,285  

Future production costs

    (1,747,806     (1,191,718     (950,434

Future development costs

    (1,219,214     (907,956     (912,500

Future income taxes

    (852,364     (330,651     (38,845
   

 

 

   

 

 

   

 

 

 

Future net cash flows

    2,351,895       1,372,679       761,506  

10% annual discount

    (808,933     (415,050     (146,519
   

 

 

   

 

 

   

 

 

 

Standardized measure of discounted future net cash flows

  $ 1,542,962     $ 957,629     $ 614,987  
   

 

 

   

 

 

   

 

 

 

 

                         
    Changes in Standardized Measure
Year Ended December 31,
 
    2011     2010     2009  

Standardized measure at beginning of year

  $ 957,629     $ 614,987     $ 793,104  

Sales and transfers of oil and gas produced, net of production costs

    (670,347     (487,418     (546,737

Changes in price, net of future production costs

    502,324       485,272       284,504  

Extensions and discoveries, net of future production and development costs

    293,168       270,629       21,249  

Changes in estimated future development costs, net of development costs incurred during the period

    97,852       119,986       183,058  

Revisions of quantity estimates

    (27,854     147,509       (150,609

Accretion of discount

    118,722       64,836       79,904  

Net change in income taxes

    (300,363     (196,219     (27,436

Purchases of reserves in-place

    567,286       21,264       —    

Sales of reserves in-place

    (36,278     1,424       3,152  

Changes in production rates due to timing and other

    40,823       (84,641     (25,202
   

 

 

   

 

 

   

 

 

 

Net increase (decrease) in standardized measure

    585,333       342,642       (178,117
   

 

 

   

 

 

   

 

 

 

Standardized measure at end of year

  $ 1,542,962     $ 957,629     $ 614,987