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Consolidated Statement 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) $ 194,332 $ 96,429 $ (218,271)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation, depletion and amortization 280,020 248,201 259,639
Write-down of oil and gas properties       508,989
Accretion expense 30,764 34,469 39,306
Deferred income tax provision (benefit) 129,520 50,474 (146,935)
Settlement of asset retirement obligations (63,391) (36,901) (66,780)
Non-cash stock compensation expense 5,905 5,692 5,944
Excess tax benefits (1,493) (299) (2)
Non-cash derivative (income) expense (2,216) (324) 5,142
Loss on early extinguishment of debt 607 1,820   
Other non-cash expenses 306 1,837 10,971
Change in current income taxes (19,451) (10,871) 66,185
(Increase) decrease in accounts receivable (19,600) 49,633 50,159
(Increase) decrease in other current assets (66) 74 627
Decrease in inventory 1,619 2,123 17,561
Increase (decrease) in accounts payable 6,039 (773) (10,200)
Increase (decrease) in other current liabilities 29,583 (18,088) (14,431)
Other (1,628) 1,298 (117)
Net cash provided by operating activities 570,850 424,794 507,787
Cash flows from investing activities:      
Investment in oil and gas properties (764,933) (401,767) (320,214)
Proceeds from sale of oil and gas properties, net of expenses 87,930 31,635 5,553
Sale of fixed assets     35
Investment in fixed and other assets (2,247) (2,949) (1,412)
Acquisition of non controlling interest in subsidiary   (1,007) (41)
Net cash used in investing activities (679,250) (374,088) (316,079)
Cash flows from financing activities:      
Proceeds from bank borrowings 75,000    
Repayments of bank borrowings (30,000) (175,000) (250,000)
Redemption of senior subordinated notes   (200,503)  
Proceeds from issuance of senior notes   375,000  
Proceeds from stock offering, net of expenses     60,447
Deferred financing costs (4,017) (11,474) (141)
Excess tax benefits 1,493 299 2
Purchase of treasury stock     (347)
Net payments for share based compensation (2,581) (1,365) (513)
Net cash provided by (used in) financing activities 39,895 (13,043) (190,552)
Net increase (decrease) in cash and cash equivalents (68,505) 37,663 1,156
Cash and cash equivalents, beginning of year 106,956 69,293 68,137
Cash and cash equivalents, end of year 38,451 106,956 69,293
Cash (paid) refunded during the year for:      
Interest, net of amount capitalized (9,808) (8,760) (20,623)
Income taxes $ 935 $ (26,525) $ 35,920