Annual report pursuant to Section 13 and 15(d)

Consolidated Statements Of Cash Flows

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Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Operating activities:      
Net income $ 51,322 $ 71,984 $ 172,817
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, depletion, amortization and accretion 451,529 356,232 328,786
Amortization of debt issuance costs and premium 1,645 2,575 2,010
Loss on extinguishment of debt 128   22,694
Share-based compensation 11,525 12,398 9,710
Derivative (gain) loss 8,470 13,954 (1,896)
Cash payments on derivative settlements (realized) (8,589) (7,664) (9,873)
Deferred income taxes 30,920 88,109 61,835
Changes in operating assets and liabilities:      
Oil and natural gas receivables 980 818 (18,639)
Joint interest and other receivables 28,566 (31,399) 375
Insurance proceeds 5,691 2,576 20,771
Income taxes 44,328 (58,011) (7,124)
Prepaid expenses and other assets (10,044) 7,440 (7,809)
Asset retirement obligations settlements (81,543) (112,827) (59,958)
Accounts payable and accrued liabilities 28,132 38,026 7,881
Other (1,702) 926 (102)
Net cash provided by operating activities 561,358 385,137 521,478
Investing activities:      
Acquisition of property interest in oil and natural gas properties (82,424) (205,550) (437,247)
Investment in oil and natural gas properties and equipment (551,954) (479,313) (281,779)
Proceeds from sales of assets and other, net 21,008 30,453 15
Purchases of furniture, fixtures and other, net (1,435) (3,031) (3,660)
Net cash used in investing activities (614,805) (657,441) (722,671)
Financing activities:      
Issuance of 8.50% Senior Notes   318,000 600,000
Repurchase of 8.25% Senior Notes     (450,000)
Borrowings of long-term debt - revolving bank credit facility 563,000 732,000 623,000
Repayments of long-term debt - revolving bank credit facility (443,000) (679,000) (506,000)
Repurchase premium and debt issuance costs (3,892) (8,510) (32,288)
Dividends to shareholders (58,846) (82,832) (58,756)
Other (260) 379 1,094
Net cash provided by financing activities 57,002 280,037 177,050
Increase (decrease) in cash and cash equivalents 3,555 7,733 (24,143)
Cash and cash equivalents, beginning of period 12,245 4,512 28,655
Cash and cash equivalents, end of period $ 15,800 $ 12,245 $ 4,512