XML 23 R78.htm IDEA: XBRL DOCUMENT v2.4.0.6
Guarantor Financial Statements (Details) (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Dec. 31, 2008
Current assets:        
Cash and cash equivalents $ 38,451 $ 106,956 $ 69,293 $ 68,137
Restricted cash 0 5,500    
Accounts receivable 118,139 88,529    
Fair value of hedging contracts 25,177 12,955    
Current income tax receivable 19,946 0    
Deferred taxes 26,072 27,274    
Inventory 4,643 6,465    
Other current assets 791 768    
Total current assets 233,219 248,447    
Oil and gas properties full cost method proved, net 1,473,439 984,629    
Unevaluated 401,609 413,180    
Other property and equipment, net of accumulated depreciation of $24263, and $22,467, respectively 11,172 10,722    
Fair value of hedging contracts 22,543 0    
Other assets, net 23,769 22,112    
Investment in subsidiary 0 0    
Total assets 2,165,751 1,679,090    
Current liabilities:        
Accounts payable to vendors 102,946 103,208    
Undistributed oil and gas proceeds 27,328 10,037    
Accrued interest 14,059 14,062    
Fair value of hedging contracts 11,122 32,144    
Asset retirement obligations 62,676 42,300    
Current income tax payable 0 239    
Other current liabilities 28,370 16,075    
Total current liabilities 246,501 218,065    
Long-term debt 620,000 575,000    
Deferred taxes 247,835 99,227    
Asset retirement obligations 363,103 331,620    
Fair value of hedging contracts 815 3,606    
Other long-term liabilities 19,668 21,215    
Total liabilities 1,497,922 1,248,733    
Commitments and contingencies          
Stockholders' equity:        
Common stock 481 478    
Treasury stock (16,582 shares, respectively, at cost) (860) (860)    
Additional paid-in capital 1,338,565 1,331,500    
Accumulated earnings (deficit) (692,225) (886,557)    
Accumulated other comprehensive income (loss) 21,868 (14,204)    
Total stockholders' equity 667,829 430,357    
Total liabilities and stockholders' equity 2,165,751 1,679,090    
Parent [Member]
       
Current assets:        
Cash and cash equivalents 37,389 105,115 64,830 67,122
Restricted cash   5,500    
Accounts receivable 36,463 26,760    
Fair value of hedging contracts 0 12,955    
Current income tax receivable 19,946      
Deferred taxes 8,269 27,274    
Inventory 4,360 6,168    
Other current assets 791 753    
Total current assets 107,218 184,525    
Oil and gas properties full cost method proved, net 387,554 260,434    
Unevaluated 246,269 337,725    
Other property and equipment, net of accumulated depreciation of $24263, and $22,467, respectively 11,172 10,722    
Fair value of hedging contracts 0      
Other assets, net 20,873 22,112    
Investment in subsidiary 733,533 427,273    
Total assets 1,506,619 1,242,791    
Current liabilities:        
Accounts payable to vendors 78,170 60,019    
Undistributed oil and gas proceeds 26,036 9,491    
Accrued interest 14,059 14,062    
Fair value of hedging contracts 0 32,144    
Asset retirement obligations 0 0    
Current income tax payable   239    
Other current liabilities 22,974 16,075    
Total current liabilities 141,239 132,030    
Long-term debt 620,000 575,000    
Deferred taxes 56,970 (41,804)    
Asset retirement obligations 7,626 129,100    
Fair value of hedging contracts 0 3,606    
Other long-term liabilities 12,955 14,502    
Total liabilities 838,790 812,434    
Commitments and contingencies          
Stockholders' equity:        
Common stock 481 478    
Treasury stock (16,582 shares, respectively, at cost) (860) (860)    
Additional paid-in capital 1,338,565 1,331,500    
Accumulated earnings (deficit) (692,225) (886,557)    
Accumulated other comprehensive income (loss) 21,868 (14,204)    
Total stockholders' equity 667,829 430,357    
Total liabilities and stockholders' equity 1,506,619 1,242,791    
Guarantor Subsidiary [Member]
       
Current assets:        
Cash and cash equivalents 926 1,659 3,963 818
Restricted cash   0    
Accounts receivable 81,452 61,560    
Fair value of hedging contracts 25,177 0    
Current income tax receivable 0      
Deferred taxes 17,803 0    
Inventory 283 297    
Other current assets 0 15    
Total current assets 125,641 63,531    
Oil and gas properties full cost method proved, net 1,083,192 720,309    
Unevaluated 155,340 75,455    
Other property and equipment, net of accumulated depreciation of $24263, and $22,467, respectively 0 0    
Fair value of hedging contracts 22,543      
Other assets, net 2,896 0    
Investment in subsidiary (273) 1,561    
Total assets 1,389,339 860,856    
Current liabilities:        
Accounts payable to vendors 25,866 43,881    
Undistributed oil and gas proceeds 1,292 546    
Accrued interest 0 0    
Fair value of hedging contracts 11,122 0    
Asset retirement obligations 62,676 42,300    
Current income tax payable   0    
Other current liabilities 5,396 0    
Total current liabilities 106,352 86,727    
Long-term debt 0 0    
Deferred taxes 190,865 141,031    
Asset retirement obligations 351,061 198,105    
Fair value of hedging contracts 815 0    
Other long-term liabilities 6,713 6,713    
Total liabilities 655,806 432,576    
Commitments and contingencies          
Stockholders' equity:        
Common stock 0 0    
Treasury stock (16,582 shares, respectively, at cost) 0 0    
Additional paid-in capital 1,724,232 1,673,598    
Accumulated earnings (deficit) (1,012,567) (1,245,318)    
Accumulated other comprehensive income (loss) 21,868 0    
Total stockholders' equity 733,533 428,280    
Total liabilities and stockholders' equity 1,389,339 860,856    
Non-Guarantor Subsidiaries [Member]
       
Current assets:        
Cash and cash equivalents 136 182 500 197
Restricted cash   0    
Accounts receivable 1,353 902    
Fair value of hedging contracts 0 0    
Current income tax receivable 0      
Deferred taxes 0 0    
Inventory 0 0    
Other current assets 0 0    
Total current assets 1,489 1,084    
Oil and gas properties full cost method proved, net 2,693 3,886    
Unevaluated 0 0    
Other property and equipment, net of accumulated depreciation of $24263, and $22,467, respectively 0 0    
Fair value of hedging contracts 0      
Other assets, net 0 0    
Investment in subsidiary 0 0    
Total assets 4,182 4,970    
Current liabilities:        
Accounts payable to vendors 39 0    
Undistributed oil and gas proceeds 0 0    
Accrued interest 0 0    
Fair value of hedging contracts 0 0    
Asset retirement obligations 0 0    
Current income tax payable   0    
Other current liabilities 0 0    
Total current liabilities 39 0    
Long-term debt 0 0    
Deferred taxes 0 0    
Asset retirement obligations 4,416 4,415    
Fair value of hedging contracts 0 0    
Other long-term liabilities 0 0    
Total liabilities 4,455 4,415    
Commitments and contingencies          
Stockholders' equity:        
Common stock 0 0    
Treasury stock (16,582 shares, respectively, at cost) 0 0    
Additional paid-in capital 1,639 1,640    
Accumulated earnings (deficit) (1,912) (1,085)    
Accumulated other comprehensive income (loss) 0 0    
Total stockholders' equity (273) 555    
Total liabilities and stockholders' equity 4,182 4,970    
Eliminations [Member]
       
Current assets:        
Cash and cash equivalents 0 0    
Restricted cash   0    
Accounts receivable (1,129) (693)    
Fair value of hedging contracts 0 0    
Current income tax receivable 0      
Deferred taxes 0 0    
Inventory 0 0    
Other current assets 0 0    
Total current assets (1,129) (693)    
Oil and gas properties full cost method proved, net 0 0    
Unevaluated 0 0    
Other property and equipment, net of accumulated depreciation of $24263, and $22,467, respectively 0 0    
Fair value of hedging contracts 0      
Other assets, net 0 0    
Investment in subsidiary (733,260) (428,834)    
Total assets (734,389) (429,527)    
Current liabilities:        
Accounts payable to vendors (1,129) (692)    
Undistributed oil and gas proceeds 0 0    
Accrued interest 0 0    
Fair value of hedging contracts 0 0    
Asset retirement obligations 0 0    
Current income tax payable   0    
Other current liabilities 0 0    
Total current liabilities (1,129) (692)    
Long-term debt 0 0    
Deferred taxes 0 0    
Asset retirement obligations 0 0    
Fair value of hedging contracts 0 0    
Other long-term liabilities 0 0    
Total liabilities (1,129) (692)    
Commitments and contingencies          
Stockholders' equity:        
Common stock 0 0    
Treasury stock (16,582 shares, respectively, at cost) 0 0    
Additional paid-in capital (1,725,871) (1,675,238)    
Accumulated earnings (deficit) 1,014,479 1,246,403    
Accumulated other comprehensive income (loss) (21,868) 0    
Total stockholders' equity (733,260) (428,835)    
Total liabilities and stockholders' equity $ (734,389) $ (429,527)