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Condensed Consolidated Statement of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Cash flows from operating activities:    
Net income $ 208,786 $ 118,970
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 188,548 133,051
Gain on sale of properties (187,033) 0
Impairment of oil and gas properties 804 706
Deferred income taxes 118,695 67,974
Derivative instruments 83,173 2,021
Stock-based compensation expenses 9,678 5,371
Debt discount amortization and other 3,220 1,753
Working capital and other changes:    
Change in accounts receivable (37,132) (13,768)
Change in inventory 3,016 (4,200)
Change in prepaid expenses 1,284 (4,402)
Change in other current assets (30) 330
Change in other assets (1,477) 0
Change in accounts payable and accrued liabilities 91,543 48,701
Change in other current liabilities 3,311 688
Change in other liabilities (132) 612
Net cash provided by operating activities 486,254 357,807
Cash flows from investing activities:    
Capital expenditures (606,924) (428,630)
Payments to Acquire Oil and Gas Property (8,116) 0
Proceeds from sale of properties 324,888 0
Costs related to sale of properties (2,337) 0
Proceeds from Sale of Short-term Investments 0 25,000
Derivative settlements (13,644) 2,932
Advances from joint interest partners (5,919) (5,593)
Net cash used in investing activities (312,052) (406,291)
Cash flows from financing activities:    
Proceeds from Long-term Lines of Credit 100,000 0
Principal payments on revolving credit facility (335,570) 0
Purchases of treasury stock (3,315) (364)
Debt issuance costs (85) (2,998)
Other (176) 0
Net cash used in financing activities (239,146) (3,362)
Decrease in cash and cash equivalents (64,944) (51,846)
Cash and cash equivalents:    
Beginning of period 91,901 213,447
End of period 26,957  
Supplemental non-cash transactions:    
Change in accrued capital expenditures 51,129 (6,085)
Change in asset retirement obligations $ 1,624 $ 3,441