Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements Of Cash Flows

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Condensed Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
 3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Operating activities:    
Net income $ 3,218 $ 18,649
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion, amortization and accretion 88,491 74,092
Amortization of debt issuance costs 586 335
Share-based compensation 2,659 1,826
Derivative loss 39,634 23,840
Cash payments on derivative settlements (5,800) (2,223)
Deferred income taxes 2,550 9,347
Changes in operating assets and liabilities:    
Oil and natural gas receivables 9,516 (2,435)
Joint interest and other receivables (2,170) 3,235
Insurance receivables 715 9,295
Income taxes (10,386) (18,275)
Prepaid expenses and other assets 3,884 5,062
Asset retirement obligations (5,384) (17,470)
Accounts payable and accrued liabilities (271) (32,618)
Other liabilities 915 65
Net cash provided by operating activities 128,157 72,725
Investing activities:    
Investment in oil and natural gas properties and equipment (84,626) (39,928)
Purchases of furniture, fixtures and other (500) (80)
Net cash used in investing activities (85,126) (40,008)
Financing activities:    
Borrowings of long-term debt 84,000 10,000
Repayments of long-term debt (117,000) (10,000)
Dividends to shareholders (5,948) (2,979)
Other (87)  
Net cash used in financing activities (39,035) (2,979)
Increase (decrease) in cash and cash equivalents 3,996 29,738
Cash and cash equivalents, beginning of period 4,512 28,655
Cash and cash equivalents, end of period $ 8,508 $ 58,393