Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements Of Cash Flows

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Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
 3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Cash flows from operating activities:    
Net income $ 44,559 $ 26,869
Adjustments to reconcile net income to net cash provided by operating activities:    
Accretion of discount—Asset Retirement Obligation 175 176
Depletion, depreciation and amortization 22,583 21,395
Stock-based compensation expense 901 681
(Gain) loss from equity investments (61,210) 268
Unrealized loss on derivative instruments 171 266
Deferred income tax expense 28,195 0
Amortization of loan commitment fees 254 112
Amortization of note discount and premium 72 0
Changes in operating assets and liabilities:    
Decrease (increase) in accounts receivable 3,592 (1,718)
Increase in accounts receivable—related party (2,214) (463)
Decrease (increase) in prepaid expenses 71 (57)
(Decrease) increase in accounts payable and accrued liabilities (1,362) 22,431
Settlement of asset retirement obligation (780) (531)
Net cash provided by operating activities 35,007 69,429
Cash flows from investing activities:    
Additions to other property, plant and equipment (262) (82)
Additions to oil and gas properties (320,489) (84,778)
Proceeds from sale of other property, plant and equipment 0 140
Contributions to equity method investments (12,653) (75,879)
Distributions from equity method investments 188 200
Net cash used in investing activities (333,216) (160,399)
Cash flows from financing activities:    
Principal payments on borrowings (37) (33)
Borrowings on line of credit    10,000
Debt issuance costs and loan commitment fees (502) (1)
Proceeds from issuance of common stock, net of offering costs 357,640   
Net cash provided by financing activities 357,101 9,966
Net increase (decrease) in cash and cash equivalents 58,892 (81,004)
Cash and cash equivalents at beginning of period 167,088 93,897
Cash and cash equivalents at end of period 225,980 12,893
Supplemental disclosure of cash flow information:    
Interest payments 35 5
Income tax payments 750 180
Supplemental disclosure of non-cash transactions:    
Capitalized stock based compensation 601 454
Asset retirement obligation capitalized 670 598
Interest capitalized 2,629 0
Foreign Currency Translation Gain (Loss) On Investment In Equity Method Investment $ (3,567) $ 939