XML 32 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Balance Sheet (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2012
Dec. 31, 2011
ASSETS    
Cash and cash equivalents $ 238,886 $ 470,872
Short-term investments   19,994
Accounts receivable - oil and gas revenues 79,478 52,164
Accounts receivable - joint interest partners 66,794 67,268
Inventory 19,550 3,543
Prepaid expenses 674 2,140
Advances to joint interest partners 1,957 3,935
Derivative instruments 35,257  
Deferred income taxes   3,233
Other current assets 1 491
Total current assets 442,597 623,640
Property, plant and equipment    
Oil and gas properties (successful efforts method) 1,769,570 1,235,357
Other property and equipment 41,333 20,859
Less: accumulated depreciation, depletion, amortization and impairment (261,529) (176,261)
Total property, plant and equipment, net 1,549,374 1,079,955
Derivative instruments non current 18,167 4,362
Deferred costs and other assets 26,232 19,425
Total assets 2,036,370 1,727,382
LIABILITIES AND STOCKHOLDERS' EQUITY    
Accounts payable 1,010 12,207
Advances from joint interest partners 28,444 9,064
Revenues and production taxes payable 56,795 19,468
Accrued liabilities 237,694 119,692
Accrued interest payable 16,427 15,774
Derivative instruments   5,907
Deferred income taxes 11,780  
Other current liabilities 2,895 472
Total current liabilities 355,045 182,584
Long-term debt 800,000 800,000
Asset retirement obligations 16,982 13,075
Derivative instruments   3,505
Deferred income taxes 133,178 92,983
Other liabilities 1,751 997
Total liabilities 1,306,956 1,093,144
Commitments and contingencies (Note 11)      
Stockholders' equity    
Common stock, $0.01 par value; 300,000,000 shares authorized; 93,185,023 issued and 93,122,353 outstanding at June 30, 2012; 92,483,393 issued and 92,460,914 outstanding at December 31, 2011 922 921
Treasury stock, at cost; 62,670 and 22,479 shares at June 30, 2012 and December 31, 2011, respectively (1,808) (602)
Additional paid-in-capital 651,271 647,374
Retained earnings (deficit) 79,029 (13,455)
Total stockholders' equity 729,414 634,238
Total liabilities and stockholders' equity $ 2,036,370 $ 1,727,382