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, 2014
Mar. 31, 2013
Operating activities:    
Net income $ 11,189 $ 26,618
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion, amortization and accretion 123,306 108,872
Amortization of debt issuance costs and premium 187 447
Share-based compensation 3,758 2,255
Derivative loss 7,492 3,368
Cash payments on derivative settlements (realized) (4,670) (4,271)
Deferred income taxes 6,645 12,507
Changes in operating assets and liabilities:    
Oil and natural gas receivables 2,815 423
Joint interest and other receivables 2,286 25,875
Income taxes (35) 2,372
Prepaid expenses and other assets 2,709 4,911
Asset retirement obligation settlements (16,342) (23,464)
Accounts payable, accrued liabilities and other (20,850) 9,921
Net cash provided by operating activities 118,490 169,834
Investing activities:    
Investment in oil and natural gas properties and equipment (95,067) (136,626)
Purchases of furniture, fixtures and other, net (260) (114)
Net cash used in investing activities (95,327) (136,740)
Financing activities:    
Borrowings of long-term debt - revolving bank credit facility 92,000 112,000
Repayments of long-term debt - revolving bank credit facility (103,000) (139,000)
Dividends to shareholders (7,563) (6,020)
Other (65) (42)
Net cash used in financing activities (18,628) (33,062)
Increase in cash and cash equivalents 4,535 32
Cash and cash equivalents, beginning of period 15,800 12,245
Cash and cash equivalents, end of period $ 20,335 $ 12,277