v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
OPERATING ACTIVITIES:    
Net income $ 7,440 $ 9,576
Adjustments to reconcile net income to cash provided by operating activities:    
Depletion, depreciation and amortization 35,538 25,626
Unrealized gain on commodity derivatives (190) (6,767)
Exploration expense 817 1,249
Share-based compensation expense 3,790 3,543
Deferred income taxes 4,030 5,372
Equity in losses of investee 180  
Changes in operating assets and liabilities:    
Accounts receivable (1,485) 265
Prepaid expenses and other assets 250 51
Accounts payable (3,957) 13,168
Oil, NGL and gas sales payable 437 (359)
Accrued liabilities (2,011) (5,600)
Cash provided by operating activities 44,839 46,124
INVESTING ACTIVITIES:    
Additions to oil and gas properties (119,586) (147,869)
Contribution to equity method investment (6,280)  
Additions to other property and equipment, net (317) (431)
Cash used in investing activities (126,183) (148,300)
FINANCING ACTIVITIES:    
Borrowings under credit facility, net of debt issuance costs 129,059 141,179
Repayment of amounts outstanding under credit facility (235,950) (39,700)
Proceeds from issuance of senior notes 242,746  
Proceeds from issuance of common stock upon exercise of stock options   798
Cash provided by financing activities 135,855 102,277
CHANGE IN CASH AND CASH EQUIVALENTS 54,511 101
CASH AND CASH EQUIVALENTS, beginning of period 767 301
CASH AND CASH EQUIVALENTS, end of period 55,278 402
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid for interest $ 2,124 $ 1,456