XML 32 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Balance Sheet (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2012
Dec. 31, 2011
ASSETS    
Cash and cash equivalents $ 287,298 $ 470,872
Short-term investments   19,994
Accounts receivable - oil and gas revenues 78,455 52,164
Accounts receivable - joint interest partners 67,015 67,268
Inventory 10,422 3,543
Prepaid expenses 1,740 2,140
Advances to joint interest partners 3,280 3,935
Deferred income taxes 6,807 3,233
Other current assets 80 491
Total current assets 455,097 623,640
Property, plant and equipment    
Oil and gas properties (successful efforts method) 1,515,788 1,235,357
Other property and equipment 38,660 20,859
Less: accumulated depreciation, depletion, amortization and impairment (215,436) (176,261)
Total property, plant and equipment, net 1,339,012 1,079,955
Derivative instruments 486 4,362
Deferred costs and other assets 18,815 19,425
Total assets 1,813,410 1,727,382
LIABILITIES AND STOCKHOLDERS' EQUITY    
Accounts payable 516 12,207
Advances from joint interest partners 14,548 9,064
Revenues and production taxes payable 45,276 19,468
Accrued liabilities 139,713 119,692
Accrued interest payable 15,024 15,774
Derivative instruments 16,469 5,907
Other current liabilities 316 472
Total current liabilities 231,862 182,584
Long-term debt 800,000 800,000
Asset retirement obligations 15,664 13,075
Derivative instruments 6,434 3,505
Deferred income taxes 106,348 92,983
Other liabilities 2,013 997
Total liabilities 1,162,321 1,093,144
Commitments and contingencies (Note 11)      
Stockholders' equity    
Common stock, $0.01 par value; 300,000,000 shares authorized; 93,136,773 issued and 93,074,949 outstanding at March 31, 2012; 92,483,393 issued and 92,460,914 outstanding at December 31, 2011 922 921
Treasury stock, at cost; 61,824 and 22,479 shares at March 31, 2012 and December 31, 2011, respectively (1,783) (602)
Additional paid-in-capital 648,964 647,374
Retained earnings (deficit) 2,986 (13,455)
Total stockholders' equity 651,089 634,238
Total liabilities and stockholders' equity $ 1,813,410 $ 1,727,382