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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
OPERATING ACTIVITIES:  
Net income$ 16,526$ 7,201
Adjustments to reconcile net income to cash provided by operating activities:  
Depletion, depreciation and amortization22,39416,677
Unrealized gain on commodity derivatives(3,821)(2,882)
Gain on sale of oil and gas properties(491) 
Exploration expense6,8772,245
Share-based compensation expense3,6372,043
Deferred income taxes9,1213,974
Changes in operating assets and liabilities:  
Accounts receivable6,171(5,053)
Prepaid expenses and other assets327477
Accounts payable10,0114,182
Oil, NGL and gas sales payable(1,690)2,298
Accrued liabilities5,1521,293
Cash provided by operating activities74,21432,455
INVESTING ACTIVITIES:  
Additions to oil and gas properties(218,385)(52,385)
Proceeds from gain on sale of oil and gas properties, net363 
Additions to other property and equipment, net(524)(730)
Cash used in investing activities(218,546)(53,115)
FINANCING ACTIVITIES:  
Proceeds from issuance of common stock upon exercise of stock options505 
Borrowings under credit facility169,20081,400
Repayment of amounts outstanding under credit facility(47,200)(62,650)
Loan origination fees(875)(354)
Cash provided by financing activities121,63018,396
CHANGE IN CASH AND CASH EQUIVALENTS(22,702)(2,264)
EFFECT OF FOREIGN CURRENCY TRANSLATION ON CASH AND CASH EQUIVALENTS(27)(4)
CASH AND CASH EQUIVALENTS, beginning of period23,4652,685
CASH AND CASH EQUIVALENTS, end of period736417
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:  
Cash paid for interest$ 2,340$ 1,524