Document and Entity Information - USD ($) |
9 Months Ended | ||
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Sep. 30, 2011 |
Oct. 21, 2011 |
Jun. 30, 2010 |
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Document and Entity Information [Abstract] | |||
Entity Registrant Name | RANGE RESOURCES CORP | ||
Entity Central Index Key | 0000315852 | ||
Document Type | 10-Q | ||
Document Period End Date | Sep. 30, 2011 | ||
Amendment Flag | false | ||
Document Fiscal Year Focus | 2011 | ||
Document Fiscal Period Focus | Q3 | ||
Company Fiscal Year End Date | --12-31 | ||
Entity Well Known Seasoned Issuer | Yes | ||
Entity Voluntary Filers | No | ||
Entity Current Reporting Status | Yes | ||
Entity Filer Category | Large Accelerated Filer | ||
Entity Public Float | $ 6,999,629,000 | ||
Entity Common Stock Shares Outstanding | 161,255,791 |
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- Definition If the value is true, then the document as an amendment to previously-filed/accepted document. No definition available.
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- Definition End date of current fiscal year in the format --MM-DD. No definition available.
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- Definition This is focus fiscal period of the document report. For a first quarter 2006 quarterly report, which may also provide financial information from prior periods, the first fiscal quarter should be given as the fiscal period focus. Values: FY, Q1, Q2, Q3, Q4, H1, H2, M9, T1, T2, T3, M8, CY. No definition available.
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- Definition This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006. No definition available.
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- Definition The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented. If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD. No definition available.
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- Definition The type of document being provided (such as 10-K, 10-Q, N-1A, etc). The document type is limited to the same value as the supporting SEC submission type, minus any "/A" suffix. The acceptable values are as follows: S-1, S-3, S-4, S-11, F-1, F-3, F-4, F-9, F-10, 6-K, 8-K, 10, 10-K, 10-Q, 20-F, 40-F, N-1A, 485BPOS, 497, NCSR, N-CSR, N-CSRS, N-Q, 10-KT, 10-QT, 20-FT, POS AM and Other. No definition available.
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- Definition A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Indicate number of shares outstanding of each of registrant's classes of common stock, as of latest practicable date. Where multiple classes exist define each class by adding class of stock items such as Common Class A [Member], Common Class B [Member] onto the Instrument [Domain] of the Entity Listings, Instrument No definition available.
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- Definition Indicate "Yes" or "No" whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure. No definition available.
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- Definition Indicate whether the registrant is one of the following: (1) Large Accelerated Filer, (2) Accelerated Filer, (3) Non-accelerated Filer, or (4) Smaller Reporting Company. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure. No definition available.
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- Definition State aggregate market value of voting and non-voting common equity held by non-affiliates computed by reference to price at which the common equity was last sold, or average bid and asked price of such common equity, as of the last business day of registrant's most recently completed second fiscal quarter. The public float should be reported on the cover page of the registrants form 10K. No definition available.
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- Definition The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Indicate "Yes" or "No" if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. No definition available.
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- Definition Indicate "Yes" or "No" if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Is used on Form Type: 10-K, 10-Q, 8-K, 20-F, 6-K, 10-K/A, 10-Q/A, 20-F/A, 6-K/A, N-CSR, N-Q, N-1A. No definition available.
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- Definition Document and Entity Information. No definition available.
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- Definition Deferred Tax Liability Current. No definition available.
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- Definition Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The cumulative amount of depreciation, depletion and amortization (related to property, plant and equipment, but not including land) that has been recognized in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Excess of issue price over par or stated value of the entity's capital stock and amounts received from other transactions involving the entity's stock or stockholders. Includes adjustments to additional paid in capital. Some examples of such adjustments include recording the issuance of debt with a beneficial conversion feature and certain tax consequences of equity instruments awarded to employees. Use this element for the aggregate amount of additional paid-in capital associated with common and preferred stock. For additional paid-in capital associated with only common stock, use the element additional paid in capital, common stock. For additional paid-in capital associated with only preferred stock, use the element additional paid in capital, preferred stock. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Current portion of the carrying amount of a liability for an asset retirement obligation. An asset retirement obligation is a legal obligation associated with the disposal or retirement of a tangible long-lived asset that results from the acquisition, construction or development, or the normal operations of a long-lived asset, except for certain obligations of lessees. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition The aggregate value (measured at the lower of net carrying value or fair value less cost of disposal) for current assets (assets with expected useful life shorter than one year or one operating cycle, whichever is longer) of a disposal group, including a component of the entity (discontinued operation), to be sold or that has subsequently been disposed of through sale, as of the financial statement date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Includes currency on hand as well as demand deposits with banks or financial institutions. It also includes other kinds of accounts that have the general characteristics of demand deposits in that the Entity may deposit additional funds at any time and also effectively may withdraw funds at any time without prior notice or penalty. Cash equivalents, excluding items classified as marketable securities, include short-term, highly liquid investments that are both readily convertible to known amounts of cash, and so near their maturity that they present minimal risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify under that definition. Original maturity means original maturity to the entity holding the investment. For example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three years ago does not become a cash equivalent when its remaining maturity is three months. Compensating balance arrangements that do not legally restrict the withdrawal or usage of cash amounts may be reported as Cash and Cash Equivalents, while legally restricted deposits held as compensating balances against borrowing arrangements, contracts entered into with others, or company statements of intention with regard to particular deposits are not generally reported as cash and cash equivalents. Includes cash and cash equivalents associated with the entity's continuing operations. Excludes cash and cash equivalents associated with the disposal group (and discontinued operation). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Represents the caption on the face of the balance sheet to indicate that the entity has entered into (1) purchase or supply arrangements that will require expending a portion of its resources to meet the terms thereof, and (2) is exposed to potential losses or, less frequently, gains, arising from (a) possible claims against a company's resources due to future performance under contract terms, and (b) possible losses or likely gains from uncertainties that will ultimately be resolved when one or more future events that are deemed likely to occur do occur or fail to occur. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Aggregate carrying value as of the balance sheet date of the liabilities for all deferred compensation arrangements payable beyond one year (or the operating cycle, if longer). No definition available.
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- Definition For entities that net deferred tax assets and tax liabilities, represents the net amount of deferred tax assets (after reduction for valuation allowance) and liabilities as of the balance sheet date, which result from applying the applicable enacted tax rate to net temporary differences and carryforwards pertaining to assets or liabilities that are classified as noncurrent in the financial statements, or that are expected to reverse after the next twelve months (or beyond the normal operating cycle, if longer). A temporary difference is a difference between the tax basis of an asset or liability and its carrying amount in the financial statements prepared in accordance with generally accepted accounting principles that will reverse in ensuing periods. In a classified statement of financial position, an enterprise separates deferred tax liabilities and assets into a current amount and a noncurrent amount. Deferred tax liabilities and assets are classified as current or noncurrent based on the classification of the related asset or liability for financial reporting. A deferred tax liability or asset that is not related to an asset or liability for financial reporting, including deferred tax assets related to carryforwards, are classified according to the expected reversal date of the temporary difference. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Fair values as of the balance sheet date for all assets resulting from contracts that meet the criteria of being accounted for as derivative instruments and which are expected to be converted into cash or otherwise disposed of within a year or the normal operating cycle, if longer, net of the effects of master netting arrangements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Fair values as of the balance sheet date of all assets resulting from contracts that meet the criteria of being accounted for as derivative instruments which are expected to exist longer than one year or beyond the normal operating cycle, if longer, net of the effects of master netting arrangements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Fair values as of the balance sheet date of all liabilities resulting from contracts that meet the criteria of being accounted for as derivative instruments, and which are expected to be extinguished or otherwise disposed of within a year or the normal operating cycle, if longer, net of the effects of master netting arrangements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Fair values as of the balance sheet date of all liabilities resulting from contracts that meet the criteria of being accounted for as derivative instruments, and which are expected to be extinguished or otherwise disposed of after one year or beyond the normal operating cycle, if longer, net of the effects of master netting arrangements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition This item represents the carrying amount on the entity's balance sheet of its investment in common stock of an equity method investee. This is not an indicator of the fair value of the investment, rather it is the initial cost adjusted for the entity's share of earnings and losses of the investee, adjusted for any distributions (dividends) and other than temporary impairment (OTTI) losses recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Carrying value as of the balance sheet date of [accrued] interest payable on all forms of debt, including trade payables, that has been incurred and is unpaid. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Carrying amount (lower of cost or market) as of the balance sheet date of inventories less all valuation and other allowances. Excludes noncurrent inventory balances (expected to remain on hand past one year or one operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Total of all Liabilities and Stockholders' Equity items (or Partners' Capital, as applicable), including the portion of equity attributable to noncontrolling interests, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Carrying value as of the balance sheet date of current obligations (due less than one year or one operating cycle, if longer) arising from the sale, disposal or planned sale in the near future (generally within one year) of a disposal group, including a component of the entity (discontinued operation). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Carrying value of noncurrent obligations (due more than one year or one operating cycle, whichever is longer) relating to the sale, disposal or planned sale in the near future (generally within one year) of a disposal group, including a component of the entity (discontinued operation), as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The carrying value as of the balance sheet date of the noncurrent portion of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Accumulated depreciation, depletion and amortization of oil and gas property carried under the successful effort method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Oil and Gas properties, gross, carried under the successful effort method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Oil and gas properties net of accumulated depreciation, depletion, amortization, impairment, and abandonment, carried under the successful effort method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of a reclamation liability that is associated with a legal obligation for the closure and reclamation of oil and gas properties. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Aggregate carrying amount, as of the balance sheet date, of noncurrent assets not separately disclosed in the balance sheet. Noncurrent assets are expected to be realized or consumed after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Aggregate par or stated value of issued nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable preferred shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Gross amount, at the balance sheet date, of long-lived physical assets used in the normal conduct of business and not intended for resale. This can include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Tangible assets that are held by an entity for use in the production or supply of goods and services, for rental to others, or for administrative purposes and that are expected to provide economic benefit for more than one year; net of accumulated depreciation. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The cumulative amount of the reporting entity's undistributed earnings or deficit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Carrying value as of the balance sheet date of collateralized/uncollateralized debt obligation (with maturities initially due after one year or beyond the operating cycle if longer), excluding current portion. Subordinated debt places a lender in a lien position behind the primary lender of the company. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount allocated to treasury stock. Treasury stock is common and preferred shares of an entity that were issued, repurchased by the entity, and are held in its treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands |
Sep. 30, 2011 |
Dec. 31, 2010 |
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Current assets: | ||
Allowance for doubtful accounts on accounts receivable | $ 4,238 | $ 5,001 |
Stockholders' Equity | ||
Preferred stock, par value | $ 1 | $ 1 |
Preferred stock, shares authorized | 10,000,000 | 10,000,000 |
Preferred stock, shares issued | ||
Preferred stock, shares outstanding | ||
Common stock, par value | $ 0.01 | $ 0.01 |
Common stock, shares authorized | 475,000,000 | 475,000,000 |
Common stock, shares issued | 161,133,525 | 160,113,608 |
Common stock held in treasury, shares | 174,715 | 204,556 |
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- Definition A valuation allowance for trade and other receivables due to an Entity within one year (or the normal operating cycle, whichever is longer) that are expected to be uncollectible. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Face amount or stated value of common stock per share; generally not indicative of the fair market value per share. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The maximum number of common shares permitted to be issued by an entity's charter and bylaws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Face amount or stated value per share of nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer); generally not indicative of the fair market value per share. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The maximum number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) permitted to be issued by an entity's charter and bylaws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Total number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) issued to shareholders (includes related preferred shares that were issued, repurchased, and remain in the treasury). May be all or portion of the number of preferred shares authorized. Excludes preferred shares that are classified as debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Aggregate share number for all nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer) held by stockholders. Does not include preferred shares that have been repurchased. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Number of common and preferred shares that were previously issued and that were repurchased by the issuing entity and held in treasury on the financial statement date. This stock has no voting rights and receives no dividends. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands |
3 Months Ended | 9 Months Ended | ||
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Sep. 30, 2011 |
Sep. 30, 2010 |
Sep. 30, 2011 |
Sep. 30, 2010 |
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Revenues and other income | ||||
Natural gas, NGL and oil sales | $ 271,799 | $ 187,757 | $ 755,367 | $ 548,583 |
Transportation and gathering | 816 | (1,640) | 88 | 1,104 |
Derivative fair value income | 65,762 | 9,981 | 77,967 | 58,860 |
Gain (loss) on the sale of assets | 203 | 67 | (1,280) | 78,156 |
Other | (375) | (1,010) | 268 | (1,948) |
Total revenues and other income | 338,205 | 195,155 | 832,410 | 684,755 |
Costs and expenses | ||||
Direct operating | 29,828 | 25,535 | 87,054 | 68,542 |
Production and ad valorem taxes | 7,317 | 6,903 | 21,746 | 19,108 |
Exploration | 17,606 | 15,225 | 56,385 | 43,784 |
Abandonment and impairment of unproved properties | 16,627 | 14,435 | 52,064 | 30,713 |
General and administrative | 35,907 | 36,523 | 108,986 | 100,529 |
Termination costs | 7,938 | |||
Deferred compensation plan | 8,717 | (5,347) | 33,569 | (25,194) |
Interest expense | 34,181 | 23,363 | 90,343 | 65,565 |
Loss on early extinguishment of debt | (4) | 5,351 | 18,576 | 5,351 |
Depletion, depreciation and amortization | 93,619 | 69,730 | 244,129 | 202,350 |
Impairment of proved properties | 38,681 | 38,681 | 6,505 | |
Total costs and expenses | 282,479 | 191,718 | 751,533 | 525,191 |
Income from continuing operations before income taxes | 55,726 | 3,437 | 80,877 | 159,564 |
Income tax expense (benefit) | ||||
Current | (7) | (10) | 1 | (10) |
Deferred | 22,547 | 794 | 35,345 | 61,569 |
Total income tax expense | 22,540 | 784 | 35,346 | 61,559 |
Income from continuing operations | 33,186 | 2,653 | 45,531 | 98,005 |
Discontinued operations, net of taxes | 1,569 | (10,821) | 15,484 | (19,542) |
Net income (loss) | $ 34,755 | $ (8,168) | $ 61,015 | $ 78,463 |
Income (loss) per common share | ||||
Basic-income from continuing operations | $ 0.21 | $ 0.02 | $ 0.28 | $ 0.61 |
-discontinued operations | 0.01 | (0.07) | 0.10 | (0.12) |
-net income (loss) | 0.22 | (0.05) | 0.38 | 0.49 |
Diluted-income from continuing operations | 0.20 | 0.02 | 0.28 | 0.61 |
-discontinued operations | 0.01 | (0.07) | 0.10 | (0.12) |
-net income (loss) | 0.21 | (0.05) | 0.38 | 0.49 |
Dividends per common share | $ 0.04 | $ 0.04 | $ 0.12 | $ 0.12 |
Weighted average common shares outstanding | ||||
Basic | 158,154 | 157,109 | 157,901 | 156,777 |
Diluted | 159,322 | 158,184 | 158,939 | 158,493 |
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- Definition Aggregate dividends declared during the period for each share of common stock outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition The component of income tax expense for the period representing amounts of income taxes paid or payable (or refundable) for the period for all income tax obligations as determined by applying the provisions of relevant enacted tax laws to relevant amounts of taxable Income or Loss from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The compensation expense recognized during the period pertaining to the deferred compensation arrangement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The component of income tax expense for the period representing the increase (decrease) in the entity's deferred tax assets and liabilities pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Net Increase or Decrease in the fair value of the derivative or group of derivatives included in earnings. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The adjustment to expense previously capitalized costs of drilling exploratory wells when proved reserves are not found or when the entity obtains information that raises substantial doubt about the economic or operational viability of the project. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Exploration expenses (including prospecting) related to oil and gas producing entities and would be included in operating expenses of that entity. Costs incurred in identifying areas that may warrant examination and in examining specific areas that are considered to have prospects of containing oil and gas reserves, including costs of drilling exploratory wells and exploratory-type stratigraphic test wells. Exploration costs may be incurred both before acquiring the related property (sometimes referred to in part as prospecting costs) and after acquiring the property. Principal types of exploration costs, which include depreciation and applicable operating costs of support equipment and facilities and other costs of exploration activities, are: (i) Costs of topographical, geographical and geophysical studies, rights of access to properties to conduct those studies, and salaries and other expenses of geologists, geophysical crews, and others conducting those studies. Collectively, these are sometimes referred to as geological and geophysical or "G&G" costs. (ii) Costs of carrying and retaining undeveloped properties, such as delay rentals, ad valorem taxes on properties, legal costs for title defense, and the maintenance of land and lease records. (iii) Dry hole contributions and bottom hole contributions. (iv) Costs of drilling and equipping exploratory wells. (v) Costs of drilling exploratory-type stratigraphic test wells. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Gain (loss) recognized on the sale of oil and gas property or timber property. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount represents the difference between the fair value of the payments made and the carrying amount of the debt at the time of its extinguishment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Revenue related to midstream and downstream gas activities. May include the following: gathering from wells, processing to remove impurities, storage, transmission, and the sale of natural gas and related products. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The expense recorded to reduce the value of oil and gas assets consisting of proved properties and unproved properties as the estimate of future successful production from these properties is reduced. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition This element represents the income or loss from continuing operations attributable to the parent which may also be defined as revenue less expenses and taxes from ongoing operations before extraordinary items but after deduction of those portions of income or loss from continuing operations that are allocable to noncontrolling interests, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The amount of net income (loss) from continuing operations per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The amount of net income (loss) derived from continuing operations during the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition This element represents the overall income (loss) from a disposal group that is classified as a component of the entity, net of income tax, reported as a separate component of income before extraordinary items before deduction or consideration of the amount which may be allocable to noncontrolling interests, if any. Includes the following (net of tax): income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The amount of net income (loss) derived from discontinued operations during the period, net of related tax effect, per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The amount of net income or loss derived from discontinued operations during the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The sum of the current income tax expense or benefit and the deferred income tax expense or benefit pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition The cost of borrowed funds accounted for as interest that was charged against earnings during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Costs incurred to operate and maintain an entities' wells and related equipment and facilities, including depreciation and applicable operating costs of support equipment and facilities and other costs of operating and maintaining those wells and related equipment and facilities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Revenue from the sale of oil and gas during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The aggregate amount of other income amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating income recognized for the period. Such amounts may include: (a) dividends, (b) interest on securities, (c) profits on securities (net of losses), and (d) miscellaneous other income items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The charge against earnings in the period, comprised of costs associated with restructuring activities not otherwise specified in the taxonomy pursuant to a duly authorized plan, excluding a discontinued operation as defined by generally accepted accounting principles. Costs of such activities include those for one-time termination benefits, termination of an operating lease or other contract, consolidating or closing facilities, and relocating employees, but excludes costs associated with the retirement of a long-lived asset and severance costs associated with established compensation plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition A tax assessed on oil and gas production. No definition available.
|
X | ||||||||||
- Definition Income before income taxes for oil and gas producing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands |
3 Months Ended | 9 Months Ended | ||
---|---|---|---|---|
Sep. 30, 2011 |
Sep. 30, 2010 |
Sep. 30, 2011 |
Sep. 30, 2010 |
|
Consolidated Statements of Comprehensive Income (Loss) [Abstract] | ||||
Net income (loss) | $ 34,755 | $ (8,168) | $ 61,015 | $ 78,463 |
Other comprehensive (loss) income: | ||||
Realized gain on hedge derivative contract settlements reclassified into earnings from other comprehensive income, net of taxes | (16,724) | (9,602) | (55,791) | (21,726) |
Change in unrealized deferred hedging gains, net of taxes | 56,993 | 66,968 | 74,530 | 115,293 |
Total comprehensive income | $ 75,024 | $ 49,198 | $ 79,754 | $ 172,030 |
X | ||||||||||
- Definition The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to the reporting entity. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, but excludes any and all transactions which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Net of tax effect change in accumulated gains and losses from derivative instruments designated and qualifying as the effective portion of cash flow hedges after taxes. A cash flow hedge is a hedge of the exposure to variability in the cash flows of a recognized asset or liability or a forecasted transaction that is attributable to a particular risk. The change includes an entity's share of an equity investee's increase or decrease in deferred hedging gains or losses. While for technical reasons this element has no balance attribute, the default assumption is a credit balance consistent with its label. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Change in accumulated gains and losses from derivative instrument designated and qualifying as the effective portion of cash flow hedges, net of tax effect. The after tax effect change includes an entity's share of an equity investee's Increase or Decrease in deferred hedging gains or losses. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition The component of interest expense representing the noncash expenses charged against earnings in the period to allocate debt discount and premium, and the costs to issue debt and obtain financing over the related debt instruments. Alternate captions include Noncash Interest Expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Includes currency on hand as well as demand deposits with banks or financial institutions. It also includes other kinds of accounts that have the general characteristics of demand deposits in that the Entity may deposit additional funds at any time and also effectively may withdraw funds at any time without prior notice or penalty. Cash equivalents, excluding items classified as marketable securities, include short-term, highly liquid investments that are both readily convertible to known amounts of cash, and so near their maturity that they present minimal risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify under that definition. Original maturity means original maturity to the entity holding the investment. For example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three years ago does not become a cash equivalent when its remaining maturity is three months. Compensating balance arrangements that do not legally restrict the withdrawal or usage of cash amounts may be reported as Cash and Cash Equivalents, while legally restricted deposits held as compensating balances against borrowing arrangements, contracts entered into with others, or company statements of intention with regard to particular deposits are not generally reported as cash and cash equivalents. Includes cash and cash equivalents associated with the entity's continuing operations. Excludes cash and cash equivalents associated with the disposal group (and discontinued operation). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The increase (decrease) during the reporting period in cash and cash equivalents. While for technical reasons this element has no balance attribute, the default assumption is a debit balance consistent with its label. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition This element represents cash provided by or used in the investing activities of the entity's discontinued operations during the period. This element is only used by those entities that separately report cash flows attributable to discontinued operations. If using this element, it is an indication that the cash flows of the entity which are detailed in reconciling to cash provided by or used in investing activities reflect only cash flows attributable to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition This element represents cash provided by or used in the operating activities of the entity's discontinued operations during the period. This element is only used by those entities that separately report cash flows attributable to discontinued operations. If using this element, it is an indication that the cash flows of the entity which are detailed in reconciling to cash provided by or used in operating activities reflect only cash flows attributable to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The component of income tax expense for the period representing the increase (decrease) in the entity's deferred tax assets and liabilities pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The portion of a hedge deemed to be ineffective that is reflected in current period results of operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The adjustment to expense previously capitalized costs of drilling exploratory wells when proved reserves are not found or when the entity obtains information that raises substantial doubt about the economic or operational viability of the project. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Gain (loss) recorded from sale of oil and gas properties, includes the realized gains (losses) on the sale of proved and unproved oil and gas properties. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition This element represents the overall income (loss) from a disposal group that is classified as a component of the entity, net of income tax, reported as a separate component of income before extraordinary items before deduction or consideration of the amount which may be allocable to noncontrolling interests, if any. Includes the following (net of tax): income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The increase (decrease) during the reporting period in the aggregate amount of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The increase (decrease) during the reporting period in amount due within one year (or one business cycle) from customers for the credit sale of goods and services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The increase (decrease) during the reporting period in the aggregate amount of expenses incurred but not yet paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The increase (decrease) during the reporting period in the aggregate value of all inventory held by the reporting entity, associated with underlying transactions that are classified as operating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition The net cash inflow or outflow from financing activity for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition The net cash inflow or outflow from investing activity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition The net cash from (used in) the entity's investing activities specifically EXCLUDING the cash flows derived by the entity from its discontinued operations, if any. This element is only to be used when the entity reports its cash flows attributable to discontinued operations separately from the cash flow provided by or used in investing activities. Such reporting would necessitate the entity to use the Net Cash provided by or used in Discontinued Operations, Total element provided in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The net cash from (used in) all of the entity's operating activities, including those of discontinued operations, of the reporting entity. Operating activities generally involve producing and delivering goods and providing services. Operating activity cash flows include transactions, adjustments, and changes in value that are not defined as investing or financing activities. While for technical reasons this element has no balance attribute, the default assumption is a debit balance consistent with its label. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition The net cash from (used in) the entity's continuing operations. This element specifically EXCLUDES the cash flows derived by the entity from its discontinued operations, if any. This element is only to be used when the entity reports its cash flows attributable to discontinued operations separately from the cash flow provided by or used in operating activities. While for technical reasons this element has no balance attribute, the default assumption is a debit balance consistent with its label. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The net cash outflow or inflow from other investing activities. This element is used when there is not a more specific and appropriate element in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The cash outflow paid to third parties in connection with debt origination, which will be amortized over the remaining maturity period of the associated long-term debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The cash outflow from the entity's earnings to the shareholders. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The cash outflow from purchases of trading, available-for-sale securities and held-to-maturity securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The cash outflow to purchase of mineral interests in oil and gas properties for use in the normal oil and gas operations and not intended for resale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The cash outflow to purchase long lived physical asset for use in the normal oil and gas operations and to purchase mineral interests in oil and gas properties not intended for resale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The cash inflow from the additional capital contribution to the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The cash inflow from a borrowing where a lender is placed in a lien position behind debt having a higher priority of repayment (senior) in liquidation of the entity's assets or underlying collateral. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The cash inflow from a contractual arrangement with the lender, including letter of credit, standby letter of credit and revolving credit arrangements, under which borrowings can be made up to a specific amount at any point in time with maturities due beyond one year or the operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The net cash inflow or outflow from other financing activities. This element is used when there is not a more specific and appropriate element in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The net cash inflow or outflow from the excess drawing from an existing cash balance, which will be honored by the bank but reflected as a loan to the drawer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The cash inflow associated with the aggregate amount received by the entity through sale or maturity of marketable securities (held-to-maturity or available-for-sale) during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The cash inflow to dispose of long-lived, physical assets and mineral interests in oil and gas properties used for normal oil and gas operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of the current period expense charged against operations, the offset which is generally to the allowance for doubtful accounts for the purpose of reducing receivables, including notes receivable, to an amount that approximates their net realizable value (the amount expected to be collected). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The cash outflow for the settlement of obligation drawn from a contractual arrangement with the lender, including letter of credit, standby letter of credit and revolving credit arrangements, under which borrowings can be made up to a specific amount at any point in time with maturities due beyond one year or the operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The cash outflow from the repayment of long-term borrowing where a lender is placed in a lien position behind debt having a higher priority of repayment (senior) in case of liquidation of the entity's assets or underlying collateral. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Depreciation, depletion and amortization, and valuation provisions (impairments) related to oil and gas producing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Dry hole costs from oil and gas producing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The net change in the difference between the fair value and the carrying value, or in the comparative fair values, of derivative instruments, including options, swaps, futures, and forward contracts, held at each balance sheet date, that was included in earnings for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Organization and Nature of Business |
9 Months Ended |
---|---|
Sep. 30, 2011 | |
Organization and Nature of Business [Abstract] | |
ORGANIZATION AND NATURE OF BUSINESS |
(1) ORGANIZATION AND NATURE OF BUSINESS
We are a Fort Worth, Texas-based independent natural gas and oil company engaged in the
exploration, development and acquisition of natural gas and oil properties, mostly in the
Appalachia and the Southwest regions of the United States. Our objective is to build stockholder
value through consistent growth in reserves and production on a cost-efficient basis. Range
Resources Corporation is a Delaware corporation with our common stock listed and traded on the New
York Stock Exchange under the symbol “RRC.”
|
X | ||||||||||
- Definition Organization and nature of business. No definition available.
|
X | ||||||||||
- Definition The entire disclosure for the nature of an entity's business, the major products or services it sells or provides and its principal markets, including the locations of those markets. If the entity operates in more than one business, the disclosure also indicates the relative importance of its operations in each business and the basis for the determination (for example, assets, revenues, or earnings). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Basis of Presentation |
9 Months Ended |
---|---|
Sep. 30, 2011 | |
Basis of Presentation [Abstract] | |
BASIS OF PRESENTATION |
(2) BASIS OF PRESENTATION
Presentation
These interim financial statements should be read in conjunction with the consolidated
financial statements and notes thereto included in our current report on Form 8-K filed on May 6,
2011, as amended by the Form 8-K/A filed on May 10, 2011. The results of operations for the
quarter and the nine months ended September 30, 2011 are not necessarily indicative of the results
to be expected for the full year. These consolidated financial statements are unaudited but, in
the opinion of management, reflect all adjustments necessary for fair presentation of the results
for the periods presented. All adjustments are of a normal recurring nature unless disclosed
otherwise. These consolidated financial statements, including selected notes, have been prepared
in accordance with the applicable rules of the Securities and Exchange Commission (“SEC”) and do
not include all of the information and disclosures required by accounting principles generally
accepted in the United States of America (“U.S. GAAP”) for complete financial statements.
The third quarter 2011 includes an adjustment of $4.2 million to record depletion
related to our Oklahoma properties related to prior periods. This adjustment was immaterial to prior periods.
Discontinued Operations
In February 2011, we entered into an agreement to sell substantially all of our Barnett Shale
assets. In April 2011, we completed the sale of most of these assets and closed the remainder of
the sale in August 2011. We have classified the assets and liabilities of these assets as
discontinued operations in the accompanying consolidated balance sheets along with the historic
results of these operations as discontinued operations, net of tax, in the accompanying
consolidated statements of operations. See also Notes 4 and 5 for more information regarding the
sale of our Barnett Shale assets. Unless otherwise indicated, the information in these notes to
the consolidated financial statements relate to our continuing operations.
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition The entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
New Accounting Standards |
9 Months Ended |
---|---|
Sep. 30, 2011 | |
New Accounting Standards [Abstract] | |
NEW ACCOUNTING STANDARDS |
(3) NEW ACCOUNTING STANDARDS
In May 2011, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards
Update (“ASU”) No. 2011-04, “Amendments to Achieve Common Fair Value Measurement and Disclosure
Requirements in U.S. GAAP and International Financial Reporting Standards (“IFRS”).” This
pronouncement was issued to provide a consistent definition of fair value and ensure that the fair
value measurement and disclosure requirements are similar between U.S. GAAP and IFRS. ASU 2011-04
changes certain fair value measurement principles and enhances the disclosure requirements,
particularly for Level 3 fair value measurements. This pronouncement is effective for reporting
periods beginning on or after December 15, 2011, with early adoption prohibited. The new guidance
will require prospective application. The adoption of ASU 2011-04 is not expected to have a
material effect on our consolidated financial statements, but may require additional disclosures.
In June 2011, the FASB issued ASU No. 2011-05, “Presentation of Comprehensive Income,” which
was issued to enhance comparability between entities that report under U.S. GAAP and IFRS, and to
provide a more consistent method of presenting non-owner transactions that affect an entity’s
equity. ASU 2011-05 eliminates the option to report other comprehensive income and its components
in the statement of changes in stockholders’ equity and requires an entity to present the total of
comprehensive income, the components of net income and the components of other comprehensive income
either in a single continuous statement or in two separate but consecutive statements. This
pronouncement is effective for fiscal years, and interim periods within those years, beginning
after December 15, 2011. Early adoption of the new guidance is permitted and full retrospective
application is required. We adopted this new requirement in third quarter 2011 and since ASU
2011-05 only amended presentation requirements, it did not have a material effect on our
consolidated financial statements.
|
X | ||||||||||
- Definition New accounting pronouncements and changes in accounting principles. No definition available.
|
X | ||||||||||
- References No definition available.
|
Dispositions |
9 Months Ended |
---|---|
Sep. 30, 2011 | |
Business Combinations [Abstract] | |
DISPOSITIONS |
(4) DISPOSITIONS
2011 Asset Sales
In February 2011, we entered into an agreement to sell substantially all of our Barnett Shale
properties located in North Central Texas (Dallas, Denton, Ellis, Hill, Hood, Johnson, Parker,
Tarrant and Wise Counties), which also included the assumption of certain derivative contracts by
the buyer and was subject to normal post-closing adjustments. We closed
substantially all of this sale in April 2011 and closed the remainder in August 2011. The gross
cash proceeds were approximately $889.3 million, including the derivative contracts assumed. The
agreements had a February 1, 2011 effective date and consequently operating net revenues after
February 1, 2011 were a downward adjustment to the sales price. We recorded a pretax gain of $4.9
million in discontinued operations related to this sale. In the accompanying December 31, 2010
balance sheet, we have classified these assets and liabilities as discontinued operations. As
indicated in Notes 2 and 5, the historic results of our Barnett Shale operations are presented as
discontinued operations.
As part of the sale of our Barnett Shale properties, certain derivative contracts were assumed
by the buyer. This resulted in a loss of $1.7 million in second quarter 2011 which is included in
continuing operations. As required by cash flow hedge accounting rules, a $9.4 million pretax gain
related to these hedges is included in accumulated other comprehensive income at September 30, 2011
and will be recognized in earnings during the remainder of 2011 as the hedged production occurs.
The hedges assumed by the buyer as part of the sale were not designated to our Barnett Shale production and were
sold to balance our volumes hedged.
In third quarter 2011, we sold various producing properties located in East Texas for proceeds
of $11.0 million. We recognized an impairment of $31.2 million related to the sale of these
properties. For additional information on this impairment, see Note 13. Also in third quarter
2011, we sold producing properties in Pennsylvania for proceeds of $6.0 million, with no gain or
loss recognized, as the sale did not materially impact the depletion rate of the remaining
properties in the amortization base.
2010 Asset Sales
In February 2010, we entered into an agreement to sell our tight gas sand properties in Ohio.
We closed approximately 90% of the sale in March 2010 and closed the remainder in June 2010. Total
proceeds were approximately $323.0 million and we recorded a gain of $77.4 million in continuing
operations. The agreement had an effective date of January 1, 2010, and consequently operating net
revenues after January 1, 2010 were a downward adjustment to the sales price. The proceeds we
received were placed in a like-kind exchange account and in June 2010, we used a portion of the
proceeds to purchase proved and unproved natural gas properties in Virginia. In September 2010,
the like-kind exchange account was closed and the balance of these proceeds (approximately $135.0
million) was used to repay amounts outstanding under our bank credit facility.
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition The entire disclosure for business combinations, including leverage buyout transactions (as applicable), and divestitures. This may include a description of a business combination or divestiture (or series of individually immaterial business combinations or divestitures) completed during the period, including background, timing, and assets and liabilities recognized and reclassified or sold. This element does not include fixed asset sales and plant closings. No definition available.
|
Discontinued Operations |
9 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2011 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Discontinued Operations [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
DISCONTINUED OPERATIONS |
(5) DISCONTINUED OPERATIONS
The following table presents the components of our Barnett Shale operations as discontinued
operations for the three months and the nine months ended September 30, 2011 and 2010 (in
thousands):
The carrying values of our Barnett Shale operations are included in discontinued
operations in the accompanying consolidated balance sheets which are comprised of the following (in
thousands):
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition The entire disclosure for the facts and circumstances leading to the completed or expected disposal, manner and timing of disposal, the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the segment in which the disposal group was reported, and the classification (whether sold or classified as held for sale) and carrying value of the assets and liabilities comprising the disposal group. Includes all disposal groups, including those classified as components of the entity (discontinued operations). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Income Taxes |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2011 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Income Taxes [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
INCOME TAXES |
Income tax expense from continuing operations was as follows (in thousands):
We compute our quarterly taxes under the effective tax rate method based on applying an
anticipated annual effective rate to our year-to-date income, except for discrete items. Income
taxes for discrete items are computed and recorded in the period that the specific transaction
occurs. For the three months and the nine months ended September 30, 2011 and 2010, our overall effective tax rate on
pre-tax income from continuing operations was different than the statutory rate of 35% due
primarily to state income taxes, valuation allowances and other permanent differences.
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Income (Loss) Per Common Share |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2011 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Income (Loss) Per Common Share [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
INCOME (LOSS) PER COMMON SHARE |
(7) INCOME (LOSS) PER COMMON SHARE
Basic income or loss from continuing operations per share is computed as (i) income or loss
from continuing operations (ii) less income allocable to participating securities (iii) divided by
weighted average basic shares outstanding. Diluted income or loss from continuing operations per
share is computed as (i) basic income or loss from continuing operations attributable to common
shareholders (ii) plus diluted adjustments to income allocable to participating securities (iii)
divided by weighted average diluted shares outstanding. The following table sets forth a
reconciliation of income or loss from continuing operations to basic income or loss from continuing
operations attributable to common shareholders and to diluted income or loss from continuing
operations attributable to common shareholders and a reconciliation of basic weighted average
common shares outstanding to diluted weighted average common shares outstanding (in thousands
except per share amounts):
The weighted average common shares — basic for the three months ended September 30, 2011
excludes 2.9 million shares of restricted stock compared to 2.9 million shares excluded at
September 30, 2010, which are held in our deferred compensation plans (although all restricted
stock is issued and outstanding upon grant). Weighted average common shares-basic for the nine
months ended September 30, 2011 exclude 2.9 million shares of restricted stock compared to 2.8
million for the nine months ended September 30, 2010. SARs of 347,000 for the three months ended
September 30, 2011 and 3.5 million for the three months ended September 30, 2010 were outstanding
but not included in the computations of diluted income from continuing operations per share because
the grant prices of the SARs were greater than the average market price of the common shares. SARs
of 855,000 for the nine months ended September 30, 2011 and 2.0 million for the nine months ended
September 30, 2010 were outstanding but not included in the computations of diluted income from
continuing operations per share because the grant prices of the SARs were greater than the average
market price of the common shares.
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition The entire disclosure for earnings per share. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Suspended Exploratory Well Costs |
9 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2011 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Extractive Industries [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
SUSPENDED EXPLORATORY WELL COSTS |
(8) SUSPENDED EXPLORATORY WELL COSTS
The following table reflects the changes in capitalized exploratory well costs for the nine
months ended September 30, 2011 and the year ended December 31, 2010 (in thousands):
At September 30, 2011, of the $15.0 million of capitalized exploratory well costs that have
been capitalized for more than one year, all of the wells are Marcellus Shale wells and are waiting
on the completion of pipelines. The following provides an aging of capitalized exploratory well
costs that have been suspended for more than one year as of September 30, 2011 (in thousands):
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition The entire disclosure for parts or all of the information related to suspended well costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Indebtedness |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2011 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Indebtedness [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
INDEBTEDNESS |
We had the following debt outstanding as of the dates shown below (in thousands). No interest
expense was capitalized during the three months and the nine months ended September 30, 2011 and
2010.
Bank Debt
In February 2011, we entered into an amended and restated revolving bank facility, which we
refer to as our bank debt or our bank credit facility, which is secured by substantially all of our
assets. The borrowing base was set without our Barnett Shale assets. The bank credit facility
provides for an initial commitment equal to the lesser of the facility amount or the borrowing
base. On September 30, 2011, the borrowing base was $2.0 billion and our facility amount was $1.5
billion. The bank credit facility provides for a borrowing base subject to redeterminations
semi-annually and for event-driven unscheduled redeterminations. As part of our semi-annual bank
review completed on October 12, 2011, our borrowing base was reaffirmed at $2.0 billion and our
facility amount was also reaffirmed at $1.5 billion. Our current bank group is comprised of
twenty-six commercial banks with no one bank holding more than 7% of the total facility. The
facility amount may be increased up to the borrowing base amount with twenty days notice, subject
to payment of a mutually acceptable commitment fee to those banks agreeing to participate in the
facility amount increase. At September 30, 2011, we had no outstanding balances under our bank
credit facility and we had $22.2 million of undrawn letters of credit leaving approximately $1.5
billion of borrowing capacity available under the facility amount. The facility matures in
February 2016. Borrowing under the bank credit facility can either be the Alternate Base Rate (as
defined) plus a spread ranging from 0.50% to 1.50% or LIBOR borrowings at the Adjusted LIBO Rate
(as defined) plus a spread ranging from 1.50% to 2.50%. The applicable spread is dependent upon
borrowings relative to the borrowing base. We may elect, from time to time, to convert all or any
part of our LIBOR loans to base rate loans or to convert all or any part of the base rate loans to
LIBOR loans. The weighted average interest rate on the bank credit facility was 2.3% for the three
months ended September 30, 2010. The weighted average interest rate on the bank credit facility
was 2.2% for the nine months ended September 30, 2011 compared to 2.2% for the nine months ended
September 30, 2010. A commitment fee is paid on the undrawn balance based on an annual rate of
between 0.375% and 0.50%. At September 30, 2011, the commitment fee was 0.375%. At October 21,
2011, the balance on our bank credit facility was $77.0 million and our interest rate (including
applicable margins) was 3.75%.
Senior Subordinated Notes
In May 2011, we issued $500.0 million aggregate principal amount of 5.75% senior subordinated
notes due 2021 (“5.75% Notes”) for net proceeds after underwriting discounts and commissions of
$491.3 million. The 5.75% Notes were issued at par. Interest on the 5.75% Notes is payable
semi-annually in June and December and is guaranteed by all of our current subsidiaries. We may
redeem the 5.75% Notes, in whole or in part, at any time on or after June 1, 2016, at redemption
prices of 102.875% of the principal amount as of June 1, 2016, declining to 100.0% on June 1, 2019
and thereafter. Before June 2014, we may redeem up to 35% of the original aggregate principal
amount of the 5.75% Notes at a redemption price equal to 105.75% of the principal amount thereof,
plus accrued and unpaid interest, if any, with the proceeds of certain equity offerings, provided
that 65% of the aggregate principal amount of 5.75% Notes remains outstanding immediately after the
occurrence of such redemption and also provided such redemption shall occur within 60 days of the
date of the closing of the equity offering. On closing, we used $112.9 million of the proceeds to
purchase our 6.375% senior subordinated notes due 2015 and $207.1 million of the proceeds to
purchase our 7.5% senior subordinated notes due 2016 as part of the tender offer and redemption
described below.
On May 11, 2011, we commenced cash tender offers to purchase the entire outstanding $150.0
million principal amount of our 6.375% senior subordinated notes due 2015 and $250.0 million
principal amount of our 7.5% senior subordinated notes due 2016. On May 25, 2011, after the
expiration of the tender offers, we accepted for purchase $108.9 million in principal of the 2015
notes at 102.375% of par and $198.8 million in principal of the 2016 notes for 104.00% of par. We
subsequently called the remaining 2015 and 2016 notes, redeeming all of the remaining outstanding
2015 notes ($41.1 million) at 102.125% of par on June 24, 2011 and redeeming all of the remaining
outstanding 2016 notes ($51.2 million) at 103.75% of par on June 24, 2011. During second quarter
2011, we recognized an $18.6 million loss on extinguishment of debt, including transaction call
premium cost as well as expensing of deferred financing cost on repurchased debt.
Debt Covenants
Our bank credit facility contains negative covenants that limit our ability, among other
things, to pay cash dividends, incur additional indebtedness, sell assets, enter into certain
hedging contracts, change the nature of our business or operations, merge, consolidate, or make
investments. In addition, we are required to maintain a ratio of debt to EBITDAX (as defined in
the credit agreement) of no greater than 4.25 to 1.0 and a current ratio (as defined in the credit
agreement) of no less than 1.0 to 1.0. We were in compliance with our covenants under the bank
credit facility at September 30, 2011.
The indentures governing our senior subordinated notes contain various restrictive covenants
that are substantially identical to each other and may limit our ability to, among other things,
pay cash dividends, incur additional indebtedness, sell assets, enter into transactions with
affiliates or change the nature of our business. At September 30, 2011, we were in compliance with
these covenants.
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- References No definition available.
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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Asset Retirement Obligations |
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ASSET RETIREMENT OBLIGATIONS |
(10) ASSET RETIREMENT OBLIGATIONS
Our asset retirement obligations primarily represent the estimated present value of the amount
we will incur to plug, abandon and remediate our producing properties at the end of their
productive lives. Significant inputs used in determining such obligations include estimates of
plugging and abandonment costs, estimated future inflation rates and well life. A reconciliation
of our liability for plugging, abandonment and remediation costs for the nine months ended
September 30, 2011 is as follows (in thousands):
Accretion expense is recognized as a component of depreciation, depletion and amortization
expense on our consolidated statements of operations.
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- Definition The entire disclosure for an asset retirement obligation and the associated long-lived asset. An asset retirement obligation is a legal obligation associated with the disposal or retirement from service of a tangible long-lived asset that results from the acquisition, construction or development, or the normal operations of a long-lived asset, except for certain obligations of lessees. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Capital Stock |
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Capital Stock [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
CAPITAL STOCK |
(11) CAPITAL STOCK
We have authorized capital stock of 485 million shares, which includes 475 million shares of
common stock and 10 million shares of preferred stock. We currently have no preferred stock issued
or outstanding. The following is a summary of changes in the number of common shares outstanding
since the beginning of 2010:
Treasury Stock
The Board of Directors has approved up to $10.0 million of repurchases of common stock based
on market conditions and opportunities and on September 30, 2011, we have $6.8 million remaining
under this authorization.
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- References No definition available.
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- Definition The entire disclosure for shareholders' equity, comprised of portions attributable to the parent entity and noncontrolling interest, if any, including other comprehensive income (as applicable). Including, but not limited to: (1) balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings; (2) accumulated balance for each classification of other comprehensive income and total amount of comprehensive income; (3) amount and nature of changes in separate accounts, including the number of shares authorized and outstanding, number of shares issued upon exercise and conversion, and for other comprehensive income, the adjustments for reclassifications to net income; (4) rights and privileges of each class of stock authorized; (5) basis of treasury stock, if other than cost, and amounts paid and accounting treatment for treasury stock purchased significantly in excess of market; (6) dividends paid or payable per share and in the aggregate for each class of stock for each period presented; (7) dividend restrictions and accumulated preferred dividends in arrears (in aggregate and per share amount); (8) retained earnings appropriations or restrictions, such as dividend restrictions; (9) impact of change in accounting principle, initial adoption of new accounting principle and correction of an error in previously issued financial statements; (10) shares held in trust for Employee Stock Ownership Plan (ESOP); (11) deferred compensation related to issuance of capital stock; (12) note received for issuance of stock; (13) unamortized discount on shares; (14) description, terms, and number of warrants or rights outstanding; (15) shares under subscription and subscription receivables, effective date of new retained earnings after quasi-reorganization and deficit eliminated by quasi-reorganization and, for a period of at least ten years after the effective date, the point in time from which the new retained dates; and (16) retroactive effective of subsequent change in capital structure. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Derivative Activities |
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Derivative Activities [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
DERIVATIVE ACTIVITIES |
(12) DERIVATIVE ACTIVITIES
We use commodity—based derivative contracts to manage exposure to commodity price
fluctuations. We do not enter into these arrangements for speculative or trading purposes. We do
not utilize complex derivatives such as swaptions, knockouts or extendable swaps. We typically
utilize commodity swap, collar or call option contracts to (1) reduce the effect of price
volatility of the commodities we produce and sell and (2) support our annual capital budget and
expenditure plans. Historically, our derivative activities have consisted of collars and fixed
price swaps. At September 30, 2011, we had open swap contracts covering 25.6 Bcf of natural gas at
prices averaging $5.00 per mcf and 2.5 million barrels of NGLs (the C5 component of NGLs) at prices
averaging $103.00 per barrel. At September 30, 2011, we had collars covering 159.8 Bcf of natural
gas at weighted average floor and cap prices of $5.24 to $5.87 per mcf and 0.7 million barrels of
oil at weighted average floor and cap prices of $70.00 to $80.00 per barrel. At September 30,
2011, we also had sold call options for 2.2 million barrels of oil at a weighted average price of
$83.86.
At the time of settlement of these monthly call options, if the market price exceeds the fixed price
of the call option, we will pay the counterparty such excess and if the market settles below the fixed
price of the call option, no payment is due from either party.
Beginning with first quarter 2011, we
have entered into NGL derivative swap contracts for
the natural gasoline (or C5) component of natural gas liquids. The fair value of our commodity
derivatives, represented by the estimated amount that would be realized upon termination, based on
a comparison of the
contract prices and a reference price, generally New York Mercantile Exchange (“NYMEX”), on
September 30, 2011, was a net unrealized pre-tax gain of $183.6 million. These contracts expire
monthly through December 2013.
The following table sets forth our derivative volumes and average hedge prices as of September
30, 2011:
Every derivative instrument is recorded on the accompanying balance sheets as either an asset
or a liability measured at its fair value. Fair value is generally determined based on the
difference between the fixed contract price and the underlying market price at the determination
date. Changes in the fair value of derivatives that qualify for hedge accounting are recorded as a
component of accumulated other comprehensive income (“AOCI”) in the stockholders’ equity section of
the accompanying consolidated balance sheets, which is later transferred to natural gas, NGL and
oil sales when the underlying physical transaction occurs and the hedging contract is settled.
Amounts included in AOCI at September 30, 2011 and December 31, 2010 relate solely to our commodity
derivative activities. As of September 30, 2011, an unrealized pre-tax derivative gain of $137.9
million was recorded in AOCI. This gain is expected to be reclassified into earnings as a $37.9
million gain in 2011, a $73.8 million gain in 2012 and a $26.2 million gain in 2013. The actual
reclassification to earnings will be based on market prices at the contract settlement date.
For those derivative instruments that qualify for hedge accounting, settled transaction gains
and losses are determined monthly, and are included as increases or decreases to natural gas, NGL
and oil sales in the period the hedged production is sold. Natural gas, NGL and oil sales include
$26.8 million of gains in the three months ended September 30, 2011 compared to gains of $15.6
million in the same period of 2010 related to settled hedging transactions. Natural gas, NGL and
oil sales include $80.7 million of gains in the nine months ended September 30, 2011 compared to
gains of $35.2 million in the same period of 2010 related to settled hedges. Any ineffectiveness
associated with these hedge derivatives is included in derivative fair value income in the
accompanying consolidated statements of operations. The ineffective portion is calculated as the
difference between the change in fair value of the derivative and the estimated change in future
cash flows from the item hedged. The three months ended September 30, 2011 includes ineffective
losses (unrealized and realized) of $1.9 million compared to gains of $2.4 million in the same
period of 2010. The nine months ended September 30, 2011 includes ineffective gains (unrealized
and realized) of $7.1 million compared to losses of $2.0 million in the same period of 2010. As
part of the sale of our Barnett Shale properties, certain derivative contracts were assumed by the
buyer. This resulted in a loss of $1.7 million in second quarter 2011. As required by cash flow
hedge accounting, a $9.4 million pretax gain related to these hedges is included in accumulated
other comprehensive income at September 30, 2011 and will be recognized in earnings during the
remainder of 2011 as the hedged production occurs. The hedges assumed as part of the sale were not
designated to our Barnett Shale production and were sold to balance our volumes hedged.
Through September 30, 2011, we have elected to designate our commodity derivative instruments
that qualify for hedge accounting as cash flow hedges. To designate a derivative as a cash flow
hedge, we document at the hedge’s inception our assessment that the derivative will be highly
effective in offsetting expected changes in cash flows from the item hedged. This assessment,
which is updated at least quarterly, is generally based on the most recent relevant historical
correlation between the derivative and the item hedged. The ineffective portion of the hedge is
calculated as the difference between the change in fair value of the derivative and the estimated
change in cash flows from the item hedged. If, during the derivative’s term, we determine the
hedge is no longer highly effective, hedge accounting is prospectively discontinued and any
remaining unrealized gains or losses, based on the effective portion of the derivative at that
date, are reclassified to earnings as natural gas, NGL and oil sales when the underlying
transaction occurs. If it is determined that the designated hedge
transaction is not probable to occur, any unrealized gains or losses are recognized immediately in
derivative fair value income (loss) in the accompanying consolidated statements of operations.
During the first nine months of 2011 and 2010, there were no gains or losses recorded due to the
discontinuance of hedge accounting treatment for these derivatives.
Some of our derivatives do not qualify for hedge accounting or are not designated as a hedge
but provide an economic hedge of our exposure to commodity price risk associated with anticipated
future natural gas and oil production. These contracts are accounted for using the mark-to-market
accounting method. We recognize all unrealized and realized gains and losses related to these
contracts in derivative fair value income in the accompanying consolidated statements of operations
(for additional information see table below).
Derivative Fair Value Income
The following table presents information about the components of derivative fair value income
in the three and nine months ended September 30, 2011 and 2010 (in thousands):
The combined fair value of derivatives included in the accompanying consolidated balance
sheets as of September 30, 2011 and December 31, 2010 is summarized below (in thousands). As of
September 30, 2011, we have conducted commodity derivative activities with ten financial
institutions, of which all but one are secured lenders in our bank credit facility. We believe all
of these institutions are acceptable credit risks. At times, such risks may be concentrated with
certain counterparties. The credit worthiness of our counterparties is subject to periodic review.
In our accompanying consolidated balance sheets, derivative assets and liabilities are netted
where derivatives with both gain and loss positions are held by a single counterparty.
The table below provides data about the fair value of our derivative contracts. Derivative
assets and liabilities shown below are presented as gross assets and liabilities, without regard to
master netting arrangements, which are considered in the presentation of derivative assets and
liabilities in our accompanying consolidated balance sheets (in thousands):
The effects of our cash flow hedges (or those derivatives that qualify for hedge
accounting) on accumulated other comprehensive income (loss) included in the accompanying
consolidated balance sheets are summarized below (in thousands):
The effects of our non-hedge derivatives (or those derivatives that do not qualify for
hedge accounting) and the ineffective portion of our hedge derivatives included in the accompanying
consolidated statements of operations are summarized below (in thousands):
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- References No definition available.
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- Definition The entire disclosure for the entity's entire derivative instruments and hedging activities. Describes an entity's risk management strategies, derivatives in hedging activities and non-hedging derivative instruments, the assets, obligations, liabilities, revenues and expenses arising therefrom, and the amounts of and methodologies and assumptions used in determining the amounts of such items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Fair Value Measurements |
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Fair Value Measurements [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
FAIR VALUE MEASUREMENTS |
(13) FAIR VALUE MEASUREMENTS
Fair value is the price that would be received to sell an asset or paid to transfer a
liability in an orderly transaction between market participants at the measurement date. There are
three approaches for measuring the fair value of assets and liabilities: the market approach, the
income approach and the cost approach, each of which includes multiple valuation techniques. The
market approach uses prices and other relevant information generated by market transactions
involving identical or comparable assets or liabilities. The income approach uses valuation
techniques to measure fair value by converting future amounts, such as cash flows or earnings, into
a single present value amount using current market expectations about those future amounts. The
cost approach is based on the amount that would currently be required to replace the service
capacity of an asset. This is often referred to as current replacement cost. The cost approach
assumes that the fair value would not exceed what it would cost a market participant to acquire or
construct a substitute asset of comparable utility, adjusted for obsolescence.
The fair value accounting standards do not prescribe which valuation technique should be used
when measuring fair value and does not prioritize among the techniques. These standards establish
a fair value hierarchy that prioritizes the inputs used in applying the various valuation
techniques. Inputs broadly refer to the assumptions that market participants use to make pricing
decisions, including assumptions about risk. Level 1 inputs are given the highest priority in the
fair value hierarchy while Level 3 inputs are given the lowest priority. The three levels of the
fair value hierarchy are as follows:
Valuation techniques that maximize the use of observable inputs are favored. Assets and
liabilities are classified in their entirety based on the lowest priority level of input that is
significant to the fair value measurement. The assessment of the significance of a particular
input to the fair value measurement requires judgment and may affect the placement of assets and
liabilities within the levels of the fair value hierarchy.
Fair Values-Recurring
We use a market approach for our fair value measurements and endeavor to use the best
information available. Accordingly, valuation techniques that maximize the use of observable
inputs are favored. The following presents the fair value hierarchy table for assets and
liabilities measured at fair value, on a recurring basis (in thousands):
Our trading securities in Level 1 are exchange-traded and measured at fair value with a market
approach using September 30, 2011 market values. Derivatives in Level 2 are measured at fair value
with a market approach using third-party pricing services, which have been corroborated with data
from active markets or broker quotes.
Our trading securities held in the deferred compensation plan are accounted for using the
mark-to-market accounting method and are included in other assets in our accompanying consolidated
balance sheets. We elected to adopt the fair value option to simplify our accounting for the
investments in our deferred compensation plan. Interest, dividends and mark-to-market gains/losses
are included in deferred compensation plan expense in our consolidated statements of operations.
For the three months ended September 30, 2011, interest and dividends were $84,000 and
mark-to-market was a loss of $7.9 million. For the three months ended September 30, 2010, interest
and dividends were $44,000 and mark-to-market was a gain of $3.5 million. For the nine months
ended September 30, 2011, interest and dividends were $179,000 and mark-to-market was a loss of
$6.6 million. For the nine months ended September 30, 2010 interest and dividends were $118,000
and mark-to-market was a gain of $8.2 million. For additional information on the accounting for
our deferred compensation plan, see Note 14.
Fair Values-Nonrecurring
We review our long-lived assets to be held and used, including proved natural gas and oil
properties, whenever events or circumstances indicate the carrying value of those assets may not be
recoverable. Several long-lived assets held for use were evaluated for impairment during 2011 and
2010 due to reductions in estimated reserves and natural gas prices. The fair value of our onshore
Gulf Coast assets in both 2011 and 2010 was measured using an income approach based upon internal
estimates of future production levels, prices, drilling and operating costs and discount rates,
which are Level 3 inputs. Our projected undiscounted cash flows associated with these assets was
less than their carrying value and therefore, we recorded an impairment of $7.5 million in third
quarter 2011 and $6.5 million in the nine months 2010 related to our onshore Gulf Coast proved
properties.
During third quarter 2011, we evaluated our East Texas properties for impairment which
included a consideration for the potential sale of some of these assets, along with a reduction in
estimated reserves and lower natural gas prices. This analysis reflected undiscounted cash flows
for these properties was less than their carrying value and we recognized an impairment charge of
$31.2 million. Some of these properties were sold in third quarter 2011 for proceeds of $11.0
million.
The following table presents the value of these assets measured at fair value on a
nonrecurring basis (in thousands):
Fair Values-Reported
The following table presents the carrying amounts and the fair values of our financial
instruments as of September 30, 2011 and December 31, 2010 (in thousands):
Concentration of Credit Risk
Most of our receivables are from a diverse group of companies, including major energy
companies, pipeline companies, local distribution companies, financial institutions and end-users
in various industries. Letters of credit or other appropriate security are obtained as deemed
necessary to limit risk of loss. Our allowance for uncollectible receivables was $4.2 million at
September 30, 2011 and $5.0 million at December 31, 2010. Commodity-based contracts expose us to
the credit risk of nonperformance by the counterparty to the contracts. As of September 30, 2011,
these contracts consist of swaps, collars and call options. This exposure is diversified among
major investment grade financial institutions and we have master netting agreements with the
counterparties that provide for offsetting payables against receivables from separate derivative
contracts. Our derivative counterparties include ten financial institutions, of which all but one
are secured lenders in our bank credit facility. At September 30, 2011, our net derivative
receivable includes a receivable from the one counterparty not included in our bank credit facility
of $15.4 million. Our natural gas and oil properties provide collateral under our credit facility
and our derivative exposure. None of our derivative contracts have margin requirements or
collateral provisions that would require funding prior to the scheduled cash settlement date.
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- References No definition available.
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- Definition The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Employee Benefit and Equity Plans |
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Employee Benefit and Equity Plans [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
EMPLOYEE BENEFIT AND EQUITY PLANS |
We have two active equity-based stock compensation plans. Under these plans, incentive and
non-qualified stock options, SARs, restricted stock, restricted stock units, phantom stock and
various other awards may be issued to employees and directors pursuant to decisions of the
Compensation Committee, which is made up of non-employee, independent directors from the Board of
Directors.
SARs/Stock Option Awards
All awards granted have been issued at prevailing market prices at the time of the grant.
Information with respect to stock option/SARs activity is summarized below:
The weighted average fair value of a SAR to purchase one share of common stock granted during
2011 was $18.21. The fair value of each SAR granted during 2011 was estimated as of the date of
grant using the Black-Scholes-Merton option-pricing model based on the following average
assumptions: risk-free interest rate of 1.4%; dividend yield of 0.3%; expected volatility of 47%
and an expected life of 3.6 years. Of the 5.0 million stock option/SARs outstanding at September
30, 2011, 647,000 are stock options and 4.4 million are SARs.
Restricted Stock Awards
Equity Awards
Beginning in first quarter 2011, the compensation committee began granting restricted stock
units under our equity-based stock compensation plans. These restricted stock units vest over a
three-year period. All awards granted have been issued at prevailing market prices at the time of
grant and the vesting of these shares is based upon an employee’s continued employment with us.
Liability Awards
These restricted stock shares are placed into our deferred compensation plan when granted. In
the first nine months of 2011, 334,200 shares of restricted stock (or non-vested shares) were
issued to certain employees at an average price of $51.11 with a three-year vesting period and
15,500 shares were granted to directors at an average price of $52.35 with immediate vesting. In
the first nine months of 2010, we issued 392,000 shares of restricted stock as compensation to
employees at an average price of $45.85 with a three-year vesting period and 21,000 shares were
granted to our directors at an average price of $45.51 with immediate vesting. All restricted
stock awards held in our deferred compensation plans are classified as a liability award and the
vested shares are remeasured at fair value each reporting period. This mark-to-market is included
in deferred compensation plan expense in our accompanying consolidated statements of operations
(see deferred compensation plan discussion below). All awards granted have been issued at
prevailing market prices at the time of the grant and the vesting of these shares is based upon an
employee’s continued employment with us.
A summary of the status of our non-vested restricted stock outstanding at September 30, 2011
is presented below:
Deferred Compensation Plan
Our deferred compensation plan gives directors, officers and key employees the ability to
defer all or a portion of their salaries and bonuses and invest such amounts in our common stock or
make other investments at the individual’s discretion. The assets of the plan are held in a
grantor trust, which we refer to as the Rabbi Trust, and are therefore available to satisfy the
claims of our creditors in the event of bankruptcy. Our stock granted and held in the Rabbi Trust
is treated as a liability award as employees are allowed to take withdrawals either in cash or in
our stock. The liability associated with the vested portion of our stock is adjusted to fair value
each reporting period by a charge or credit to deferred compensation plan expense on our
consolidated statements of operations. The assets of the Rabbi Trust, other than our common stock,
are invested in marketable securities and reported at market value in other assets in the
accompanying consolidated balance sheets. Changes in the market value of the marketable securities
are charged or credited to deferred compensation plan expense each quarter. The deferred
compensation liability included in our consolidated balance sheets reflects the vested market value
of the marketable securities and Range common stock held in the Rabbi Trust. We recorded non-cash,
mark-to-market expense related to our deferred compensation plan of $8.7 million in the three
months ended September 30, 2011, compared to income of $5.3 million in the same period of 2010. We
recorded non-cash mark-to-market expense related to our deferred compensation plan of $33.6 million
in the nine months ended September 30, 2011 compared to income of $25.2 million in the same period
of 2010.
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- Definition The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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Supplemental Cash Flow Information |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2011 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Supplemental Cash Flow Elements [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
SUPPLEMENTAL CASH FLOW INFORMATION |
(15) SUPPLEMENTAL CASH FLOW INFORMATION
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- Definition The entire disclosure for supplemental cash flow activities, including cash, noncash, and part noncash transactions, for the period. Noncash is defined as information about all investing and financing activities of an enterprise during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Commitments and Contingencies |
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Sep. 30, 2011 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commitments and Contingencies [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
COMMITMENTS AND CONTINGENCIES |
(16) COMMITMENTS AND CONTINGENCIES
Litigation
We are involved in various legal actions, claims and other regulatory proceedings arising in
the ordinary course of our business. While the outcome of these lawsuits cannot be predicted with
certainty, we do not expect these matters to have a material adverse effect on our financial
position, cash flows or results of operations. If an unfavorable ruling were to occur, there
exists the possibility of a material adverse impact on our net income or loss in the period in
which the ruling occurs. We provide accruals for litigation and claims if we determine that the
loss is probable and the amount can be reasonably estimated.
Transportation Contracts
As of September 30, 2011, future minimum transportation fees under our gas transportation
commitments are as follows (in thousands):
Other
During third quarter 2011, we entered into a two-year agreement for hydraulic fracturing services, including related
equipment, material
and labor for $17.5 million in 2011, $70.1 million in 2012 and
$52.6 million in 2013.
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- References No definition available.
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- Definition The entire disclosure for commitments and contingencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Capitalized Costs and Accumulated Depreciation Depletion and Amortization |
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Extractive Industries [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
CAPITALIZED COSTS AND ACCUMULATED DEPRECIATION, DEPLETION AND AMORTIZATION |
(17) CAPITALIZED COSTS AND ACCUMULATED DEPRECIATION, DEPLETION AND AMORTIZATION(a)
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- References No definition available.
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- Definition The entire disclosure for oil and gas producing industries. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Costs Incurred for Property Acquisitions Exploration and Development |
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Sep. 30, 2011 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Extractive Industries [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
COSTS INCURRED FOR PROPERTY ACQUISITIONS, EXPLORATION AND DEVELOPMENT |
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- Definition Cost incurred for property acquisition exploration and development activities. No definition available.
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- References No definition available.
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Office Closing and Exit Activities |
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Sep. 30, 2011 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Office Closing and Exit Activities [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
OFFICE CLOSING AND EXIT ACTIVITIES |
In February 2010, we entered into an agreement to sell our natural gas properties in Ohio. We
closed approximately 90% of the sale in March 2010 and closed the remainder of the sale in June
2010. The first quarter 2010 includes $5.1 million in accrued severance costs, which is reflected
in termination costs in the accompanying consolidated statements of operations. As part of their
severance agreement, our Ohio employees’ vesting of SARs and restricted stock grants was
accelerated, increasing termination costs for stock compensation expense in first quarter 2010 by
approximately $2.8 million.
The following table details our exit activities, which are included in accrued liabilities in
the accompanying consolidated balance sheets as of September 30, 2011 and December 31, 2010 (in
thousands):
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
New Accounting Standards (Policies) |
9 Months Ended |
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Sep. 30, 2011 | |
New Accounting Standards [Abstract] | |
Fair Value Measurement and Disclosure Requirements |
In May 2011, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards
Update (“ASU”) No. 2011-04, “Amendments to Achieve Common Fair Value Measurement and Disclosure
Requirements in U.S. GAAP and International Financial Reporting Standards (“IFRS”).” This
pronouncement was issued to provide a consistent definition of fair value and ensure that the fair
value measurement and disclosure requirements are similar between U.S. GAAP and IFRS. ASU 2011-04
changes certain fair value measurement principles and enhances the disclosure requirements,
particularly for Level 3 fair value measurements. This pronouncement is effective for reporting
periods beginning on or after December 15, 2011, with early adoption prohibited. The new guidance
will require prospective application. The adoption of ASU 2011-04 is not expected to have a
material effect on our consolidated financial statements, but may require additional disclosures.
|
Presentation of Comprehensive Income |
In June 2011, the FASB issued ASU No. 2011-05, “Presentation of Comprehensive Income,” which
was issued to enhance comparability between entities that report under U.S. GAAP and IFRS, and to
provide a more consistent method of presenting non-owner transactions that affect an entity’s
equity. ASU 2011-05 eliminates the option to report other comprehensive income and its components
in the statement of changes in stockholders’ equity and requires an entity to present the total of
comprehensive income, the components of net income and the components of other comprehensive income
either in a single continuous statement or in two separate but consecutive statements. This
pronouncement is effective for fiscal years, and interim periods within those years, beginning
after December 15, 2011. Early adoption of the new guidance is permitted and full retrospective
application is required. We adopted this new requirement in third quarter 2011 and since ASU
2011-05 only amended presentation requirements, it did not have a material effect on our
consolidated financial statements.
|
X | ||||||||||
- Definition Disclosure of accounting policy for determining the fair value of financial instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Disclosure of accounting policy for its capital stock transactions, including dividends and accumulated other comprehensive income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Discontinued Operations (Tables) |
9 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2011 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Discontinued Operations [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Components of discontinued operations |
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Composition of assets and liabilities of discontinued operations |
|
X | ||||||||||
- Definition Assets and liabilities of discontinued operations included in consolidated statements. No definition available.
|
X | ||||||||||
- Definition Schedule Of Discontinued Operations Income Statement Disclosure. No definition available.
|
X | ||||||||||
- References No definition available.
|
Income Taxes (Tables) |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2011 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Income Taxes [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Income tax (benefit) expense from continuing operations |
Income tax expense from continuing operations was as follows (in thousands):
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Income (Loss) Per Common Share (Tables) |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2011 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Income (Loss) Per Common Share [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Computations of basic and diluted (loss) income per common share |
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Tabular disclosure of the numerators and the denominators of the basic and diluted per-share (or per-unit) computations for income from continuing operations, including the effect that has been given to preferred dividends. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Suspended Exploratory Well Costs (Tables) |
9 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2011 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Extractive Industries [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Suspended Exploratory Well Costs |
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Aging of capitalized exploratory well costs that have been suspended for more than one year |
|
X | ||||||||||
- Definition Tabular disclosure of the change in capitalized exploratory costs during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Tabular disclosure of the amount of exploratory well costs that have been capitalized after the completion of drilling and the number of projects for which those costs relate. Additionally, for exploratory well costs that have been capitalized for periods greater than one year at the most recent balance sheet date, this block of text may be used to disclose an aging of those amounts by year, or by using a range of years, and the number of projects to which those costs relate. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Indebtedness (Tables) |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2011 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Indebtedness [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Outstanding |
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Asset Retirement Obligations (Tables) |
9 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2011 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Asset Retirement Obligation [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Asset Retirement Obligations |
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Tabular disclosure of the carrying amount of a liability for asset retirement obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Capital Stock (Tables) |
9 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2011 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Capital Stock [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Capital Stock |
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Tabular disclosure of an entity's capital units or capital shares, including the value of capital units or capital shares, units authorized, units outstanding and other information necessary to a fair presentation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Derivative Activities (Tables) |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2011 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivative Activities [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivative volumes hedged and average hedge prices |
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Derivative Fair Value Income |
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Combined fair value of derivatives, by Consolidated balance sheet |
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Derivative Gross Assets and Gross Liabilities |
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Effects of cash flow hedges and other hedges on accumulated other comprehensive income (loss) |
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Effects of non-hedge derivatives on consolidated statement of operations |
|
X | ||||||||||
- Definition Tabular disclosure of combined fair value of derivatives. No definition available.
|
X | ||||||||||
- Definition Tabular disclosure of derivative instruments gain loss recognized in income net. No definition available.
|
X | ||||||||||
- Definition Tabular disclosure of derivative volumes hedged and average hedge prices. No definition available.
|
X | ||||||||||
- Definition Tabular disclosure of effects of non hedge derivatives on consolidated statement of operations. No definition available.
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Tabular disclosure of the effective portion of gains and losses on derivative instruments (and nonderivative instruments) designated and qualifying in cash flow hedges recorded in accumulated other comprehensive income (loss) during the term of the hedging relationship and reclassified into earnings during the current period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Fair Value Measurements (Tables) |
9 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2011 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Measurements [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Hierarchy Table for Assets and Liabilities Measured at Fair Value |
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Values of assets measured at fair value on nonrecurring basis |
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Carrying Amounts and Fair Values of Financial Instruments |
|
X | ||||||||||
- Definition Tabular disclosure of assets and liabilities by class, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). The disclosures that may be required or desired include: (a) the fair value measurements recorded during the period and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets or liabilities (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Tabular disclosure of the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments, assets, and liabilities. Such certain disclosures about the financial instruments, assets, and liabilities include: (1) the fair value of the required items together with their carrying amounts (as appropriate) and (2) the methodology and assumptions used in developing such estimates of fair value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Employee Benefit and Equity Plans (Tables) |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2011 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Employee Benefit and Equity Plans [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Stock option and SARs activities |
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Non-vested restricted stock outstanding |
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for stock options and stock appreciation rights that were outstanding at the beginning and end of the year, exercisable at the end of the year, and the number of stock options and stock appreciation rights that were granted, exercised or converted, forfeited, and expired during the year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year. No definition available.
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Supplemental Cash Flow Information (Tables) |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2011 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Supplemental Cash Flow Elements [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Supplemental Cash Flow Information |
|
X | ||||||||||
- Definition Tabular disclosure of supplemental cash flow information for the periods presented. No definition available.
|
X | ||||||||||
- References No definition available.
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Commitments and Contingencies (Tables) |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2011 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commitments and Contingencies [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Future minimum transportation fees |
|
X | ||||||||||
- Definition Tabular disclosure of schedule of transportation commitments future minimum transportation fees due table text block. No definition available.
|
X | ||||||||||
- References No definition available.
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Capitalized Costs and Accumulated Depreciation Depletion and Amortization (Tables) |
9 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2011 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Extractive Industries [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Capitalized Costs and Accumulated Depreciation, Depletion and Amortization |
|
X | ||||||||||
- Definition Tabular disclosure of aggregate capitalized costs relating to an enterprise's oil and gas producing activities and the aggregate related accumulated depreciation, depletion, amortization, and valuation allowances. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
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Costs Incurred for Property Acquisition Exploration and Development (Tables) |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2011 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Extractive Industries [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Costs Incurred for Property Acquisition, Exploration and Development |
|
X | ||||||||||
- Definition Tabular disclosure of the aggregate of costs (whether the costs are capitalized or charged to expense at the time they are incurred ) incurred for the year in oil and gas property acquisition, exploration and development activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
Office Closing and Exit Activities (Tables) |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2011 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Office Closing and Exit Activities [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Exit activities included in accrued liabilities in consolidated balance sheet |
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Basis of Presentation (Details) $ in Millions |
3 Months Ended |
---|---|
Sep. 30, 2011
USD ($)
| |
Oklahoma [Member] | |
Basis of Presentation (Textuals) [Abstract] | |
Depletion related to Oklahoma properties | $ 4.2 |
X | ||||||||||
- Definition Basis of presentation. No definition available.
|
X | ||||||||||
- Definition The noncash expense charged against earnings to recognize the consumption of oil and gas reserves that are part of an entities' assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Details
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X | ||||||||||
- Definition Percentage of sale closed. No definition available.
|
X | ||||||||||
- Definition Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Pretax gain (loss), not previously recognized and resulting from the sale of a business component, which is recognized at the date of sale. A gain (loss) reflects the amount by which the consideration received exceeds (is exceeded by) the net carrying amount (reflecting previous provisions for loss on disposal, if any) of the disposal group. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition The gain (loss) resulting from the sale of a disposal group that is not a discontinued operation. It is included in income from continuing operations before income taxes in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The difference between the book value and the sale price of options, swaps, futures, forward contracts, and other derivative instruments. This element refers to the gain (loss) included in earnings. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Gain (loss) recorded from sale of oil and gas properties, includes the realized gains (losses) on the sale of proved and unproved oil and gas properties. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The expense recorded to reduce the value of oil and gas assets consisting of proved properties and unproved properties as the estimate of future successful production from these properties is reduced. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition The cash inflow associated with the amount received from the sale of a portion of the company's business, for example a segment, division, branch or other business, during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition The cash inflow to dispose of long-lived, physical assets and mineral interests in oil and gas properties used for normal oil and gas operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The cash outflow for the settlement of obligation drawn from a contractual arrangement with the lender, including letter of credit, standby letter of credit and revolving credit arrangements, under which borrowings can be made up to a specific amount at any point in time with maturities due beyond one year or the operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Details
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X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition Total costs of sales and operating expenses for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition The component of income tax expense for the period representing amounts of income taxes paid or payable (or refundable) for the period for all income tax obligations as determined by applying the provisions of relevant enacted tax laws to relevant amounts of taxable Income or Loss from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The component of income tax expense for the period representing the increase (decrease) in the entity's deferred tax assets and liabilities pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Overall income (loss) from a disposal group that is classified as a component of the entity, before income tax, reported as a separate component of income before extraordinary items. Includes the following (before income tax): income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The adjustment to expense previously capitalized costs of drilling exploratory wells when proved reserves are not found or when the entity obtains information that raises substantial doubt about the economic or operational viability of the project. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Exploration expenses (including prospecting) related to oil and gas producing entities and would be included in operating expenses of that entity. Costs incurred in identifying areas that may warrant examination and in examining specific areas that are considered to have prospects of containing oil and gas reserves, including costs of drilling exploratory wells and exploratory-type stratigraphic test wells. Exploration costs may be incurred both before acquiring the related property (sometimes referred to in part as prospecting costs) and after acquiring the property. Principal types of exploration costs, which include depreciation and applicable operating costs of support equipment and facilities and other costs of exploration activities, are: (i) Costs of topographical, geographical and geophysical studies, rights of access to properties to conduct those studies, and salaries and other expenses of geologists, geophysical crews, and others conducting those studies. Collectively, these are sometimes referred to as geological and geophysical or "G&G" costs. (ii) Costs of carrying and retaining undeveloped properties, such as delay rentals, ad valorem taxes on properties, legal costs for title defense, and the maintenance of land and lease records. (iii) Dry hole contributions and bottom hole contributions. (iv) Costs of drilling and equipping exploratory wells. (v) Costs of drilling exploratory-type stratigraphic test wells. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Gain (loss) recognized on the sale of oil and gas property or timber property. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Revenue related to midstream and downstream gas activities. May include the following: gathering from wells, processing to remove impurities, storage, transmission, and the sale of natural gas and related products. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition This element represents the overall income (loss) from a disposal group that is classified as a component of the entity, net of income tax, reported as a separate component of income before extraordinary items before deduction or consideration of the amount which may be allocable to noncontrolling interests, if any. Includes the following (net of tax): income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The sum of the current income tax expense or benefit and the deferred income tax expense or benefit pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition The cost of borrowed funds accounted for as interest that was charged against earnings during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Costs incurred to operate and maintain an entities' wells and related equipment and facilities, including depreciation and applicable operating costs of support equipment and facilities and other costs of operating and maintaining those wells and related equipment and facilities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Revenue from the sale of oil and gas during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The aggregate amount of other income amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating income recognized for the period. Such amounts may include: (a) dividends, (b) interest on securities, (c) profits on securities (net of losses), and (d) miscellaneous other income items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition A tax assessed on oil and gas production. No definition available.
|
X | ||||||||||
- Definition Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Details
|
Discontinued Operations (Details 1) - USD ($) $ in Thousands |
Sep. 30, 2011 |
Dec. 31, 2010 |
---|---|---|
Composition of assets of discontinued operations: | ||
Natural gas and oil properties, net | $ 0 | $ 838,044 |
Transportation and field assets, net | 0 | 684 |
Accounts receivable | 2,646 | 29,300 |
Unrealized derivative gain | 0 | 8,195 |
Inventory and other | 0 | 81 |
Total assets of discontinued operations | 2,626 | 876,304 |
Composition of liabilities of discontinued operations: | ||
Account payable | 1,064 | 23,366 |
Accrued liabilities | 0 | 9,596 |
Total current liabilities of discontinued operations | 1,064 | 32,962 |
Asset retirement obligations | 0 | 1,980 |
Other liabilities | 0 | 1,921 |
Total long-term liabilities of discontinued operations | $ 0 | $ 3,901 |
X | ||||||||||
- Definition Total current liabilities of discontinued operations. No definition available.
|
X | ||||||||||
- Definition Total long-term liabilities of discontinued operations. No definition available.
|
X | ||||||||||
- Definition Disposal group including discontinued operation oil and gas properties. No definition available.
|
X | ||||||||||
- Definition Disposal group including discontinued operation unrealized derivative gain. No definition available.
|
X | ||||||||||
- Definition The aggregate value (measured at the lower of net carrying value or fair value less cost of disposal) for assets of a disposal group, including a component of the entity (discontinued operation), to be sold or that has been disposed of through sale, as of the financial statement date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition For the disposal group, including a component of the entity (discontinued operation), the aggregate of amounts due from customers or clients for goods or services that have been delivered or sold in the normal course of business and an amount representing an agreement for an unconditional promise by the maker to pay the entity (holder) a definite sum of money at a future date, reduced to their estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection and net of any write-downs taken for collection uncertainty on the part of the holder, respectively. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition For the disposal group, including a component of the entity (discontinued operation), carrying value of obligations incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition For the disposal group, including a component of the entity (discontinued operation), carrying value of obligations incurred and payable pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include interest, rent, salaries, and utilities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition For the disposal group, including a component of the entity (discontinued operation), carrying amount as of the balance sheet date of assets not otherwise specified. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition For the disposal group, including a component of the entity (discontinued operation), obligations not otherwise itemized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition For the disposal group, including a component of the entity (discontinued operation), obligations not otherwise itemized that are due after one year or operating cycle, if longer, from the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition For the disposal group, including a component of the entity (discontinued operation), carrying value (net of accumulated depreciation and any write-downs) of tangible assets that are held by an entity for use in the production or supply of goods and services, for rental to others, or for administrative purposes and that are expected to provide economic benefit for more than one year. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
Income Taxes (Details) - USD ($) $ in Thousands |
3 Months Ended | 9 Months Ended | ||
---|---|---|---|---|
Sep. 30, 2011 |
Sep. 30, 2010 |
Sep. 30, 2011 |
Sep. 30, 2010 |
|
Income tax expense (benefit) | ||||
Income tax expense (benefit) | $ 22,540 | $ 784 | $ 35,346 | $ 61,559 |
Effective tax rate | 40.40% | 22.80% | 43.70% | 38.60% |
Income Taxes (Textuals) [Abstract] | ||||
Statutory Tax Rate | 35.00% | 35.00% | 35.00% | 35.00% |
X | ||||||||||
- Definition Income Taxes. No definition available.
|
X | ||||||||||
- Definition A ratio calculated by dividing the reported amount of income tax expense attributable to continuing operations for the period by GAAP-basis pretax income from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The domestic federal statutory tax rate applicable under enacted tax laws to the Company's pretax income from continuing operations for the period. The "statutory" tax rate is the regular tax rate if there are alternative tax systems. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The sum of the current income tax expense or benefit and the deferred income tax expense or benefit pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Denominator. No definition available.
|
X | ||||||||||
- Definition The amount resulting from the "as if" assumption that stock options or restrictive stock units were exercised for purposes of computing the dilutive effect of convertible securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Net income after adjustments for dividends on preferred stock (declared in the period) and/or cumulative preferred stock (accumulated for the period). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Net Income or Loss Available to Common Stockholders plus adjustments resulting from the assumption that dilutive convertible securities were converted, options or warrants were exercised, or that other shares were issued upon the satisfaction of certain conditions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The earnings that is allocated to common stock and participating securities to the extent that each security may share in earnings as if all of the earnings for the period had been distributed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The sum of dilutive potential common shares or units used in the calculation of the diluted per-share or per-unit computation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
Income (Loss) Per Common Share (Details Textuals) - shares |
3 Months Ended | 9 Months Ended | ||
---|---|---|---|---|
Sep. 30, 2011 |
Sep. 30, 2010 |
Sep. 30, 2011 |
Sep. 30, 2010 |
|
Income from Continuing Operations Per Common Share (Textuals) [Abstract] | ||||
Weighted Average Number of Shares, Restricted Stock | 2,900,000 | 2,900,000 | 2,900,000 | 2,800,000 |
Stock appreciation rights excluded from earning per share calculation | 347,000 | 3,500,000 | 855,000 | 2,000,000 |
X | ||||||||||
- Definition Securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) or earnings per unit (EPU) in the future that were not included in the computation of diluted EPS or EPU because to do so would increase EPS or EPU amounts or decrease loss per share or unit amounts for the period presented. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Number of shares of restricted stock determined by relating the portion of time within a reporting period that restricted shares have been outstanding to the total time in that period. Restricted shares are subject to sales, contractual, regulatory or other restrictions that prevent or inhibit the holder from freely disposing of them before the restriction ends. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Suspended Exploratory Well Costs (Details) $ in Thousands |
9 Months Ended | 12 Months Ended |
---|---|---|
Sep. 30, 2011
USD ($)
Project
|
Dec. 31, 2010
USD ($)
Project
|
|
Suspended Exploratory Well Costs | ||
Beginning balance at January 1 | $ 23,908 | $ 19,052 |
Additions to capitalized exploratory well costs pending the determination of proved reserves | 71,779 | 28,897 |
Reclassifications based on determination of proved reserves | (12,488) | (24,041) |
Capitalized exploratory well costs charged to expense | 0 | 0 |
Balance at end of period | 83,199 | 23,908 |
Less exploratory well costs that have been capitalized for a period of one year or less | (68,171) | (13,181) |
Capitalized exploratory well costs that have been capitalized for a period greater than one year | $ 15,028 | $ 10,727 |
Number of projects that have exploratory well costs that have been capitalized for a period greater than one year | Project | 5 | 4 |
X | ||||||||||
- Definition Additions to capitalized exploratory well costs that were added during the reporting period pending the determination of proved reserves. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Capitalized exploratory well costs that were expensed during the year because proved reserves were not found at the exploratory well. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The amount of capitalized exploratory well costs that is pending the determination of proved reserves. This does not include amounts that were capitalized and subsequently expensed in the same annual period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The amount of exploratory well costs that have been capitalized for a period of greater than one year after the completion of drilling. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The amount of exploratory well costs that have been capitalized for a period of one year or less after the completion of drilling. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. No definition available.
|
X | ||||||||||
- Definition The number of projects for which exploratory well costs have been capitalized for a period of greater than one year after the completion of drilling. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Previously capitalized costs of the drilling of wells that were reclassified as part of the costs of the enterprise's wells and related equipment and facilities at the time that proved reserves were found. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition The amount of exploratory well costs that have been capitalized for a period of greater than one year after the completion of drilling. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
Suspended Exploratory Well Costs (Details Textuals) $ in Thousands |
Sep. 30, 2011
USD ($)
Well
|
Dec. 31, 2010
USD ($)
|
---|---|---|
Suspended Exploratory Well Costs (Textuals) [Abstract] | ||
Capitalized exploratory well costs that have been capitalized for more than one year | $ | $ 15,028 | $ 10,727 |
Number of Marcellus Shale wells | Well | 5 |
X | ||||||||||
- Definition Number of marcellus shale wells. No definition available.
|
X | ||||||||||
- Definition Suspended Exploratory Well Costs. No definition available.
|
X | ||||||||||
- Definition The amount of exploratory well costs that have been capitalized for a period of greater than one year after the completion of drilling. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Indebtedness (Details) - USD ($) $ in Thousands |
Sep. 30, 2011 |
Dec. 31, 2010 |
---|---|---|
Indebtedness | ||
Bank debt | $ 0 | $ 274,000 |
Subordinated debt: | ||
Subordinated debt | 1,787,678 | 1,686,536 |
Total debt | 1,787,678 | 1,960,536 |
6.375% Senior Subordinated Notes due 2015 [Member] | ||
Subordinated debt: | ||
Subordinated debt | 0 | 150,000 |
7.5% senior subordinated notes due 2016, net of discount [Member] | ||
Subordinated debt: | ||
Subordinated debt | 0 | 249,683 |
7.5% Senior Subordinated Notes due 2017 [Member] | ||
Subordinated debt: | ||
Subordinated debt | 250,000 | 250,000 |
7.25% Senior Subordinated Notes due 2018 [Member] | ||
Subordinated debt: | ||
Subordinated debt | 250,000 | 250,000 |
8.0% senior subordinated notes due 2019, net of discount [Member] | ||
Subordinated debt: | ||
Subordinated debt | 287,678 | 286,853 |
6.75% Senior Subordinated Notes due 2020 [Member] | ||
Subordinated debt: | ||
Subordinated debt | 500,000 | 500,000 |
5.75% Senior Subordinated Notes due 2021 [Member] | ||
Subordinated debt: | ||
Subordinated debt | $ 500,000 | $ 0 |
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- References No definition available.
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- Definition Sum of the carrying values as of the balance sheet date of all long-term debt, which is debt initially having maturities due after one year from the balance sheet date or beyond the operating cycle, if longer, but excluding the portions thereof scheduled to be repaid within one year (current maturities) or the normal operating cycle, if longer, and after deducting unamortized discount or premiums, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The carrying value as of the balance sheet date of the noncurrent portion of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Carrying value as of the balance sheet date of collateralized/uncollateralized debt obligation (with maturities initially due after one year or beyond the operating cycle if longer), excluding current portion. Subordinated debt places a lender in a lien position behind the primary lender of the company. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Bank credit facility amount. No definition available.
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- Definition Debt Covenant Current Ratio No Less Than One to One. No definition available.
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- Definition Ratio of debt to EBITDAX. No definition available.
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- Definition Indebtedness. No definition available.
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- Definition Maximum Number Of Days After Date Of Closing Of Equity Offering That Redemption Should Occur. No definition available.
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- Definition Aggregate percentage redemption of original principle amount of 5.75% Notes. No definition available.
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- Definition Maximum redemption price of Five point seven five percent notes as percentage of principal amount. No definition available.
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- Definition Minimum percentage of original aggregate principal amount of 6.75% percentage notes to remain outstanding immediately after redemption. No definition available.
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- Definition Notice period for increase in facility amount. No definition available.
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- Definition Number of commercial banks included in current bank group No definition available.
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- Definition Percentage holding of commercial banks, Maximum. No definition available.
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- Definition Purchase price of senior subordinate notes. No definition available.
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- Definition Purchase price of senior subordinate notes as a percentage of principal. No definition available.
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- Definition Reaffirmed borrowing base. No definition available.
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- Definition Reaffirmed facility amount. No definition available.
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- Definition Spread for alternate base rate. No definition available.
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- Definition Spread for libor rate. No definition available.
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- Definition Undrawn letters of credit. No definition available.
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- Definition The stated principal amount of the debt instrument at time of issuance, which may vary from the carrying amount because of unamortized premium or discount. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Interest rate stated in the contractual debt agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition Date when the debt instrument is scheduled to be fully repaid, which may be presented in a variety of ways (year, month and year, day, month and year, quarter, etc.). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount represents the difference between the fair value of the payments made and the carrying amount of the debt at the time of its extinguishment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of interest that was capitalized during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount borrowed under the credit facility as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The fee, expressed as a percentage of the line of credit facility, for the line of credit facility regardless of whether the facility has been used. No definition available.
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- Definition The effective interest rate at the end of the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The effective interest rate during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of borrowing capacity currently available under the credit facility (current borrowing capacity less the amount of borrowings outstanding). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The fee, expressed as a percentage of the line of credit facility, for available but unused credit capacity under the credit facility. No definition available.
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- Definition The carrying value as of the balance sheet date of the noncurrent portion of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The cash inflow from a borrowing where a lender is placed in a lien position behind debt having a higher priority of repayment (senior) in liquidation of the entity's assets or underlying collateral. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The cash outflow from the repayment of long-term borrowing where a lender is placed in a lien position behind debt having a higher priority of repayment (senior) in case of liquidation of the entity's assets or underlying collateral. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Asset Retirement Obligations (Details) $ in Thousands |
9 Months Ended |
---|---|
Sep. 30, 2011
USD ($)
| |
Asset Retirement Obligations | |
Beginning of period - continuing operations | $ 60,693 |
Liabilities incurred | 2,299 |
Liabilities settled | (3,109) |
Accretion expense - continuing operations | 3,980 |
Change in estimate | 11,270 |
End of period - continuing operations | $ 75,133 |
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- Definition The carrying amount of a liability for an asset retirement obligation. An asset retirement obligation is a legal obligation associated with the disposal or retirement of a tangible long-lived asset that results from the acquisition, construction or development, or the normal operations of a long-lived asset, except for certain obligations of lessees. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Amount of accretion expense recognized during the period that is associated with an asset retirement obligation. Accretion expense measures and incorporates changes due to the passage of time into the carrying amount of the liability. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of asset retirement obligations incurred during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of asset retirement obligations settled, or otherwise disposed of, during the period. This may include asset retirement obligations transferred to third parties associated with the sale of a long-lived asset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of the Increase or Decrease in the amount of the asset retirement obligation during the current period for changes in the amount or timing of the estimated cash flows associated with the settlement of the obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Capital Stock (Details) - shares |
9 Months Ended | 12 Months Ended |
---|---|---|
Sep. 30, 2011 |
Dec. 31, 2010 |
|
Capital Stock | ||
Beginning balance | 159,909,052 | 158,118,937 |
Stock options/SARs exercised | 693,326 | 991,988 |
Restricted stock grants | 326,591 | 405,127 |
Treasury shares issued | 29,841 | 12,771 |
Shares issued for acreage purchases | 0 | 380,229 |
Ending balance | 160,958,810 | 159,909,052 |
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- References No definition available.
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- Definition Total number of shares of common stock held by shareholders. May be all or portion of the number of common shares authorized. These shares represent the ownership interest of the common shareholders. Shares outstanding equals shares issued minus shares held in treasury and other adjustments, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Number of shares of stock issued during the period pursuant to acquisitions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Total number of shares issued during the period, including shares forfeited, as a result of Restricted Stock Awards. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Number of share options (or share units) exercised during the current period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Number of treasury shares (units) reissued during the period, excluding reissuance of shares (units) held in treasury used to satisfy equity-based compensation obligations exercised by the holders of such rights. Upon reissuance of shares (units) from treasury, either the common or preferred stock (unit) reissued is outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Capital Stock (Details Textuals) - USD ($) $ in Millions |
9 Months Ended | |
---|---|---|
Sep. 30, 2011 |
Dec. 31, 2010 |
|
Capital Stock (Textuals) [Abstract] | ||
Authorized capital stock | 485,000,000 | |
Common stock, shares authorized | 475,000,000 | 475,000,000 |
Preferred stock, shares authorized | 10,000,000 | 10,000,000 |
Preferred stock, shares issued | ||
Preferred stock, shares outstanding | ||
Repurchase of common stock, approved total | $ 10.0 | |
Remaining common stock, under authorization | $ 6.8 |
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- Definition Capital Stock Shares Authorized. No definition available.
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- Definition Capital stock. No definition available.
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- Definition The maximum number of common shares permitted to be issued by an entity's charter and bylaws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The maximum number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) permitted to be issued by an entity's charter and bylaws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Total number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) issued to shareholders (includes related preferred shares that were issued, repurchased, and remain in the treasury). May be all or portion of the number of preferred shares authorized. Excludes preferred shares that are classified as debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Aggregate share number for all nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer) held by stockholders. Does not include preferred shares that have been repurchased. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount authorized by an entity's Board of Directors under a stock repurchase plan. No definition available.
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- Definition The remaining repurchase amount authorized by an entity's Board of Directors under a stock repurchase plan. No definition available.
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- Definition Derivative Volumes Hedged And Average Hedge Prices. No definition available.
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- Definition The average cap rate on a group of price risk derivatives such as caps or collars. A payment or receipt is triggered if the market rate exceeds the cap rate on the contract. No definition available.
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- Definition The average floor rate on a group of price risk derivatives such as floors or collars. A payment or receipt is triggered if the market rate falls below the floor rate on the contract. No definition available.
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- Definition The average strike price on the group of price risk option contracts such as put options or call options. No definition available.
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- Definition Average fixed price related to the group of price risk swap derivatives. No definition available.
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- Definition Aggregate notional amount of price risk derivatives for instruments with notional amounts expressed in nonmonetary units. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Derivative Activities (Details 1) - USD ($) $ in Thousands |
3 Months Ended | 9 Months Ended | ||
---|---|---|---|---|
Sep. 30, 2011 |
Sep. 30, 2010 |
Sep. 30, 2011 |
Sep. 30, 2010 |
|
Derivative Fair Value Income | ||||
Hedge ineffectiveness - realized | $ 2,036 | $ 4,558 | $ (352) | |
Hedge ineffectiveness - unrealized | (3,971) | $ 2,389 | 2,531 | 2,400 |
Change in fair value of derivatives that do not qualify for hedge accounting | 58,990 | (18,284) | 67,093 | 23,885 |
Realized gain on settlements - gas | 5,334 | 10,179 | 8,424 | 17,230 |
Realized gain (loss) on settlements - oil | 285 | (7,727) | ||
Realized gain on settlements - NGLs | 3,088 | 3,088 | ||
Realized gain on early settlement of oil derivatives | 15,697 | 15,697 | ||
Derivative fair value income | $ 65,762 | $ 9,981 | $ 77,967 | $ 58,860 |
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- Definition Derivative instruments realized gain loss recognized in income ineffective portion and amount excluded from effectiveness testing, net. No definition available.
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- Definition Realized Gain Loss on Settlements Gas. No definition available.
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- Definition Realized gain/loss on settlements Natural Gas Liquids. No definition available.
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- Definition Realized gain on early settlement of oil derivatives. No definition available.
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- Definition Realized Gain on Settlements Oil. No definition available.
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- Definition Net Increase or Decrease in the fair value of the derivative or group of derivatives included in earnings. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition The portion of a hedge deemed to be ineffective that is reflected in current period results of operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The increase (decrease) during the period, which was recognized in earnings, in the unrealized gains or losses on derivative instruments that are not or are no longer designated as hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Fair values as of the balance sheet date of all assets resulting from contracts that meet the criteria of being accounted for as derivative instruments, net of the effects of master netting arrangements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Fair values as of the balance sheet date of all liabilities resulting from contracts that meet the criteria of being accounted for as derivative instruments, net of the effects of master netting arrangements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Derivative instruments not designated as hedging instruments asset liability at fair value. No definition available.
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- Definition Fair value of all asset derivatives designated as cash flow hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Fair value of all liability derivatives designated as cash flow hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Net fair value of all derivative instruments designated as cash flow hedging instruments, which is ordinarily reflected within other comprehensive income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Fair value of all derivative assets not designated as a hedging instrument. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Net fair value of all derivative instruments not designated as a hedging instrument. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Fair value of all derivative liabilities not designated as a hedging instrument. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Schedule of derivative instruments effect on other comprehensive income loss. No definition available.
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- Definition Pre tax change in accumulated gains and losses from derivative instruments designated and qualifying as the effective portion of cash flow hedges, net of reclassifications into earnings during the period. A cash flow hedge is a hedge of the exposure to variability in the cash flows of a recognized asset or liability or a forecasted transaction that is attributable to a particular risk. Includes an entity's share of an equity investee's increase or decrease in deferred hedging gains or losses. While for technical reasons this element has no balance attribute, the default assumption is a credit balance consistent with its label. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Net of tax effect change in accumulated gains and losses from derivative instruments designated and qualifying as the effective portion of cash flow hedges after taxes. A cash flow hedge is a hedge of the exposure to variability in the cash flows of a recognized asset or liability or a forecasted transaction that is attributable to a particular risk. The change includes an entity's share of an equity investee's increase or decrease in deferred hedging gains or losses. While for technical reasons this element has no balance attribute, the default assumption is a credit balance consistent with its label. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Total tax effect of the change in accumulated gains and losses from derivative instruments designated and qualifying as the effective portion of cash flow hedges. The change includes an entity's share of an equity investee's increase or decrease in deferred hedging gains or losses. While for technical reasons this element has no balance attribute, the default assumption is a credit balance consistent with its label. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Pre tax change in accumulated gains and losses from derivative instrument designated and qualifying as the effective portion of cash flow hedges. A cash flow hedge is a hedge of the exposure to variability in the cash flows of a recognized asset or liability or a forecasted transaction that is attributable to a particular risk. Includes an entity's share of an equity investee's Increase or Decrease in deferred hedging gains or losses. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Change in accumulated gains and losses from derivative instrument designated and qualifying as the effective portion of cash flow hedges, net of tax effect. The after tax effect change includes an entity's share of an equity investee's Increase or Decrease in deferred hedging gains or losses. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Tax effect on the change in accumulated gains and losses from derivative instruments designated and qualifying as the effective portion of cash flow hedges. Includes an entity's share of an equity investee's Increase or Decrease in deferred hedging gains or losses. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Effect of non-hedge derivatives on results of operations. No definition available.
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- Definition Net Increase or Decrease in the fair value of the derivative or group of derivatives included in earnings. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The portion of gains and losses (net) on derivative instruments designated and qualifying as hedging instruments representing (a) the amount of the hedge ineffectiveness and (b) the amount, if any, excluded from the assessment of hedge effectiveness. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Net gain (loss) from the increase (decrease) in fair value of derivative instrument not designated as hedging instrument. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Derivative Activities. No definition available.
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- Definition Number of financial institutions with whom we conduct derivative activities. No definition available.
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- Definition Number of secured financial institutions with whom we conduct derivative activities. No definition available.
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- Definition Realized gain loss on cash flow hedging instruments. No definition available.
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- Definition Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Fair values as of the balance sheet date of the net amount of all assets and liabilities resulting from contracts that meet the criteria of being accounted for as derivative instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The average cap rate on a group of price risk derivatives such as caps or collars. A payment or receipt is triggered if the market rate exceeds the cap rate on the contract. No definition available.
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- Definition The average floor rate on a group of price risk derivatives such as floors or collars. A payment or receipt is triggered if the market rate falls below the floor rate on the contract. No definition available.
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- Definition The average strike price on the group of price risk option contracts such as put options or call options. No definition available.
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- Definition The portion of gains and losses (net) on derivative instruments designated and qualifying as hedging instruments representing (a) the amount of the hedge ineffectiveness and (b) the amount, if any, excluded from the assessment of hedge effectiveness. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The effective portion of gains and losses (net) on derivative instruments designated and qualifying as hedging instruments that was recognized in other comprehensive income during the current period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The effective portion of gain reclassified from accumulated other comprehensive income into income on derivative instruments designated and qualifying as hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition Average fixed price related to the group of price risk swap derivatives. No definition available.
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- Definition The amount of net gain (loss) reclassified into earnings in the period when cash flow hedge is discontinued because it is probable that the original forecasted transactions will not occur by the end of the original period or an additional two month time period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The difference between the book value and the sale price of options, swaps, futures, forward contracts, and other derivative instruments. This element refers to the gain (loss) included in earnings. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Aggregate notional amount of price risk derivatives for instruments with notional amounts expressed in nonmonetary units. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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- Details
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- Details
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X | ||||||||||
- Details
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- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Definition Fair values as of the balance sheet date of the net amount of all assets and liabilities resulting from contracts that meet the criteria of being accounted for as derivative instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition This element represents the portion of the balance sheet assertion valued at fair value by the entity whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission. This item represents marketable and other securities categorized as trading securities as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Details
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- Details
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- Details
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- Details
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- Details
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- Details
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Fair Value Measurements (Details 1) - Fair Value, Measurements, Nonrecurring [Member] - USD ($) $ in Thousands |
3 Months Ended | 9 Months Ended | ||
---|---|---|---|---|
Sep. 30, 2011 |
Sep. 30, 2010 |
Sep. 30, 2011 |
Sep. 30, 2010 |
|
Values of assets measured at fair value on a nonrecurring basis | ||||
Natural gas and oil properties, fair value | $ 24,388 | $ 0 | $ 24,388 | $ 16,075 |
Natural gas and oil properties, impairment | $ 38,681 | $ 0 | $ 38,681 | $ 6,505 |
X | ||||||||||
- Definition Tangible assets that are held by an entity for use in the production or supply of goods and services, for rental to others, or for administrative purposes and that are expected to provide economic benefit for more than one year; net of accumulated depreciation. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software, net of accumulated depreciation. No definition available.
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition The aggregate amount of write-downs for impairments recognized during the period for long lived assets held for use (including those held for disposal by means other than sale). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition Commodity collars discontinued operations. No definition available.
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Fair values as of the balance sheet date of all assets resulting from contracts that meet the criteria of being accounted for as derivative instruments, net of the effects of master netting arrangements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Fair values as of the balance sheet date of all liabilities resulting from contracts that meet the criteria of being accounted for as derivative instruments, net of the effects of master netting arrangements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition The carrying value as of the balance sheet date of the noncurrent portion of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Total debt and equity financial instruments including: (1) securities held-to-maturity, (2) trading securities, and (3) securities available-for-sale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Carrying value as of the balance sheet date of collateralized/uncollateralized debt obligation (with maturities initially due after one year or beyond the operating cycle if longer), excluding current portion. Subordinated debt places a lender in a lien position behind the primary lender of the company. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition Fair Value Measurements. No definition available.
|
X | ||||||||||
- Definition Net derivative receivable. No definition available.
|
X | ||||||||||
- Definition Number of financial institutions included in counterparties. No definition available.
|
X | ||||||||||
- Definition Number of secured lenders in bank credit facility. No definition available.
|
X | ||||||||||
- Definition For an unclassified balance sheet, a valuation allowance for receivables due a company that are expected to be uncollectible. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Interest rate stated in the contractual debt agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition The expense recorded to reduce the value of oil and gas assets consisting of proved properties and unproved properties as the estimate of future successful production from these properties is reduced. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition Interest and dividend income on securities that are bought and held principally for the purpose of selling them in the near term ("trading securities") and on securities measured at fair value through earnings. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The cash inflow to dispose of long-lived, physical assets and mineral interests in oil and gas properties used for normal oil and gas operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The net change in the difference between the fair value and the carrying value, or in the comparative fair values, of trading securities held at each balance sheet date, that was included in earnings for the period. Trading securities are bought and held principally for the purpose of selling them in the near term (thus held for only a short period of time) and the change in net unrealized holding gain (loss) is included in earnings for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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Employee Benefit and Equity Plans (Details) |
9 Months Ended |
---|---|
Sep. 30, 2011
$ / shares
shares
| |
Stock option and SARs activities | |
Beginning Balance, Shares | shares | 6,461,839 |
Beginning Balance, Weighted Average Exercise Price | $ / shares | $ 37.20 |
Granted | $ / shares | $ 51.16 |
Granted, Shares | shares | 842,620 |
Exercised | $ / shares | $ 31.00 |
Exercised, Shares | shares | (2,058,626) |
Expired/forfeited | $ / shares | $ 53.58 |
Expired/forfeited, Shares | shares | (209,051) |
Ending Balance, Shares | shares | 5,036,782 |
Ending Balance, Weighted Average Exercise Price | $ / shares | $ 41.39 |
X | ||||||||||
- Definition Share-based compensation stock options and stock appreciation rights award activity. No definition available.
|
X | ||||||||||
- Definition Stock option and sars exercised. No definition available.
|
X | ||||||||||
- Definition The weighted average price at which option holders acquired shares when converting their stock options into shares under the plan during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition For presentations that combine terminations, the number of shares under options that were cancelled during the reporting period as a result of occurrence of a terminating event specified in contractual agreements pertaining to the stock option plan or that expired. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The combined weighted average exercise price associated with stock options during the period that have either lapsed or been forfeited. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Gross number of share options (or share units) granted during the period. No definition available.
|
X | ||||||||||
- Definition The weighted average price as of the balance sheet date at which grantees can acquire the shares reserved for issuance on stock options awarded under the plan during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The number of shares reserved for issuance under stock option agreements awarded under the plan that validly exist and are outstanding as of the balance sheet date, including vested options. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The weighted average price as of the beginning of the year at which grantees can acquire the shares reserved for issuance under the stock option plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Option Forfeited In Period Weighted Average Grant Date Fair Value. No definition available.
|
X | ||||||||||
- Definition The number of equity-based payment instruments, excluding stock (or unit) options, that were forfeited during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The number of grants made during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The weighted average fair value at grant date for nonvested equity-based awards issued during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The number of non-vested equity-based payment instruments, excluding stock (or unit) options, that validly exist and are outstanding as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. No definition available.
|
X | ||||||||||
- Definition The weighted average fair value of nonvested awards on equity-based plans excluding option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, revenue or profit achievement stock award plan) for which the employer is contingently obligated to issue equity instruments or transfer assets to an employee who has not yet satisfied service or performance criteria necessary to gain title to proceeds from the sale of the award or underlying shares or units. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The number of equity-based payment instruments, excluding stock (or unit) options, that vested during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The weighted average fair value as of grant date pertaining to an equity-based award plan other than a stock (or unit) option plan for which the grantee gained the right during the reporting period, by satisfying service and performance requirements, to receive or retain shares or units, other instruments, or cash in accordance with the terms of the arrangement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition Average price of shares granted to directors. No definition available.
|
X | ||||||||||
- Definition Average price of shares granted to employees. No definition available.
|
X | ||||||||||
- Definition Employee Benefit and Equity Plans. No definition available.
|
X | ||||||||||
- Definition Non cash mark to market income (loss) related to deferred compensation plan. No definition available.
|
X | ||||||||||
- Definition Share based compensation arrangement by share based payment award option outstanding number. No definition available.
|
X | ||||||||||
- Definition Based Payment Award Stock Appreciation Rights Outstanding Number. No definition available.
|
X | ||||||||||
- Definition Weighted average fair value option. No definition available.
|
X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
X | ||||||||||
- Definition The minimum period that the individual is required to perform services in order to be fully vested under the deferred compensation arrangement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The number of shares issued pursuant to the terms of the deferred compensation plan as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Description of the period of time over which an employee's right to exercise an award is no longer contingent on satisfaction of either a service condition, market condition or a performance condition, which may be expressed in a variety of ways (for example, in years, month and year). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The estimated dividend rate (a percentage of the share price) to be paid (expected dividends) to holders of the underlying shares over the option's term. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The period of time an equity-based award is expected to be outstanding. An equity-based award's expected term is generally determined based on, among other factors, the instrument's contractual term and the effects of employees' expected exercise and post-vesting employment termination behavior. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The estimated measure of the percentage by which a share price is expected to fluctuate during a period. Volatility also may be defined as a probability-weighted measure of the dispersion of returns about the mean. The volatility of a share price is the standard deviation of the continuously compounded rates of return on the share over a specified period. That is the same as the standard deviation of the differences in the natural logarithms of the stock prices plus dividends, if any, over the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The risk-free interest rate assumption that is used in valuing an option on its own shares. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The number of shares reserved for issuance under stock option agreements awarded under the plan that validly exist and are outstanding as of the balance sheet date, including vested options. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands |
9 Months Ended | |
---|---|---|
Sep. 30, 2011 |
Sep. 30, 2010 |
|
Non-cash investing and financing activities included: | ||
Asset retirement costs capitalized, net | $ 13,569 | $ 1,229 |
Unproved property purchased with stock | 0 | 20,000 |
Net cash provided from operating activities included: | ||
Interest paid | 95,536 | 74,732 |
Income taxes paid (refunded) | $ 309 | $ (807) |
X | ||||||||||
- Definition Asset retirement costs (removed) capitalized, net. No definition available.
|
X | ||||||||||
- Definition Supplemental non-cash activities. No definition available.
|
X | ||||||||||
- Definition Unproved property purchased with stock. No definition available.
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income, net of any cash received during the current period as refunds for the overpayment of taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The amount of cash paid for interest during the period net of cash paid for interest that is capitalized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Commitments and Contingencies (Details) $ in Thousands |
Sep. 30, 2011
USD ($)
|
---|---|
Future minimum transportation fees | |
2011 (remaining) | $ 22,880 |
2012 | 91,235 |
2013 | 90,588 |
2014 | 90,113 |
2015 | 87,182 |
Thereafter | 510,508 |
Total | $ 892,506 |
X | ||||||||||
- Definition Transportation commitments future minimum transportation fees due. No definition available.
|
X | ||||||||||
- Definition Transportation commitments future minimum transportation fees due. No definition available.
|
X | ||||||||||
- Definition Transportation commitments future minimum transportation fees due in remainder of fiscal year. No definition available.
|
X | ||||||||||
- Definition Transportation commitments future minimum transportation fees due in year four. No definition available.
|
X | ||||||||||
- Definition Transportation commitments future minimum transportation fees due in year one. No definition available.
|
X | ||||||||||
- Definition Transportation commitments future minimum transportation fees due in year three. No definition available.
|
X | ||||||||||
- Definition Transportation commitments future minimum transportation fees due in year two. No definition available.
|
X | ||||||||||
- Definition Transportation commitments future minimum transportation fees due thereafter. No definition available.
|
Commitments and Contingencies (Details Textuals) $ in Millions |
12 Months Ended | |||
---|---|---|---|---|
Dec. 31, 2013
USD ($)
|
Dec. 31, 2012
USD ($)
|
Dec. 31, 2011
USD ($)
|
Sep. 30, 2011
Year
|
|
Commitments and Contingencies (Textuals) [Abstract] | ||||
Period of lease agreement for hydraulic fracturing services | Year | 2 | |||
Amount of lease agreement for hydraulic fracturing services | $ | $ 52.6 | $ 70.1 | $ 17.5 |
X | ||||||||||
- Definition Amount of lease agreement for hydraulic fracturing services. No definition available.
|
X | ||||||||||
- Definition Commitments and contingencies. No definition available.
|
X | ||||||||||
- Definition Period of lease agreement for hydraulic fracturing services. No definition available.
|
Capitalized Costs and Accumulated Depreciation Depletion and Amortization (Details) - USD ($) $ in Thousands |
Sep. 30, 2011 |
Dec. 31, 2010 |
---|---|---|
Natural gas and oil properties: | ||
Properties subject to depletion | $ 5,689,410 | $ 4,742,248 |
Unproved properties | 730,620 | 648,143 |
Total | 6,420,030 | 5,390,391 |
Accumulated depreciation, depletion and amortization | (1,573,195) | (1,306,378) |
Net capitalized costs | $ 4,846,835 | $ 4,084,013 |
X | ||||||||||
- Definition Amount of accumulated depreciation, depletion, amortization and valuation allowance relating to oil and gas producing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition The sum of capitalized costs relating to oil and gas producing activities before accounting for accumulated depreciation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Net amount of capitalized costs relating to oil and gas producing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Capitalized costs of proved properties incurred for any combination mineral interests acquisitions; wells and related equipment; support equipment and facilities; and uncompleted wells and equipment and other costs not previously disclosed within this table. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Capitalized costs of unproved properties incurred for any combination mineral interests acquisitions and other costs not previously disclosed within this table. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Costs Incurred for Property Acquisitions Exploration and Development (Details) - USD ($) $ in Thousands |
9 Months Ended | 12 Months Ended |
---|---|---|
Sep. 30, 2011 |
Dec. 31, 2010 |
|
Acquisitions: | ||
Unproved leasehold | $ 0 | $ 3,697 |
Proved properties | 542 | 130,767 |
Asset retirement obligations | 0 | 556 |
Acreage purchases | 144,652 | 151,572 |
Development | 762,067 | 727,720 |
Exploration: | ||
Drilling | 136,181 | 50,433 |
Expense | 53,270 | 56,298 |
Stock-based compensation expense | 3,115 | 4,209 |
Gas gathering facilities: | ||
Development | 37,072 | 19,627 |
Subtotal | 1,136,899 | 1,144,879 |
Asset retirement obligations | 13,568 | (6,370) |
Total costs incurred - continuing operations | 1,150,467 | 1,138,509 |
Discontinued operations | 3,245 | 73,369 |
Total costs incurred | $ 1,153,712 | $ 1,211,878 |
X | ||||||||||
- Definition Subtotal costs incurred of oil and gas properties. No definition available.
|
X | ||||||||||
- Definition Cost incurred transportation and field equipment costs. No definition available.
|
X | ||||||||||
- Definition Costs incurred acreage purchases. No definition available.
|
X | ||||||||||
- Definition Costs Incurred Asset Retirement Obligations Acquisition. No definition available.
|
X | ||||||||||
- Definition Costs incurred Drilling Costs. No definition available.
|
X | ||||||||||
- Definition Costs incurred exploration of Oil and Gas Properties. No definition available.
|
X | ||||||||||
- Definition Total costs incurred of oil and gas properties. No definition available.
|
X | ||||||||||
- Definition Costs incurred of oil and gas properties discontinued operation. No definition available.
|
X | ||||||||||
- Definition Costs incurred of oil and gas properties including discontinued operations. No definition available.
|
X | ||||||||||
- Definition Gas gathering facilities. No definition available.
|
X | ||||||||||
- Definition Represents the expense recognized during the period arising from equity-based compensation arrangements (for example, shares of stock, unit, stock options or other equity instruments) with employees, directors and certain consultants qualifying for treatment as employees. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Costs incurred, including capitalized costs and costs charged to expense, associated with the acquisition of oil and gas properties that have proved reserves. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Costs incurred, including capitalized costs and costs charged to expense, associated with the acquisition of oil and gas properties that have unproved reserves. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of asset retirement obligations (ARO) costs incurred (whether capitalized or charged to expense) during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Development costs incurred, including capitalized costs and costs charged to expense, in oil and gas activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Exploration costs incurred, including capitalized costs and costs charged to expense, in oil and gas activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Office Closing and Exit Activities (Details) - USD ($) $ in Thousands |
3 Months Ended | 9 Months Ended | 12 Months Ended |
---|---|---|---|
Mar. 31, 2010 |
Sep. 30, 2011 |
Dec. 31, 2010 |
|
Exit activities included in accrued liabilities in consolidated balance sheet | |||
Beginning Balance | $ 1,568 | $ 1,092 | $ 1,568 |
Accrued one-time termination costs | $ 5,100 | 0 | 5,138 |
Office lease | (117) | 514 | |
Payments | (852) | (6,128) | |
Ending Balance | $ 123 | $ 1,092 |
X | ||||||||||
- Definition Restructuring reserve office lease. No definition available.
|
X | ||||||||||
- Definition Carrying amount (including both current and noncurrent portions of the accrual) as of the balance sheet date pertaining to a specified type of cost associated with exit from or disposal of business activities or restructuring pursuant to a duly authorized plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Reserve increase representing the amount charged against earnings in the period for a specified incurred and estimated type of cost associated with exit from or disposal of business activities or restructuring pursuant to a duly authorized plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. No definition available.
|
X | ||||||||||
- Definition Amount of cash paid in the period to fully or partially settle a specified, previously accrued type of restructuring cost. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Office Closing and Exit Activities (Details Textuals) - USD ($) $ in Thousands |
1 Months Ended | 3 Months Ended | 9 Months Ended | 12 Months Ended | |
---|---|---|---|---|---|
Mar. 31, 2010 |
Mar. 31, 2010 |
Sep. 30, 2011 |
Sep. 30, 2010 |
Dec. 31, 2010 |
|
Restructuring and Related Cost [Line Items] | |||||
Increasing in termination costs for stock compensation expense | $ 7,938 | ||||
Office Closing and Exit Activities (Textuals) [Abstract] | |||||
Percentage of sale closed | 90.00% | ||||
Accrued severance costs | $ 5,100 | $ 0 | $ 5,138 | ||
Employee Severance [Member] | |||||
Restructuring and Related Cost [Line Items] | |||||
Increasing in termination costs for stock compensation expense | $ 2,800 |
X | ||||||||||
- Definition Office Closing and Exit Activities. No definition available.
|
X | ||||||||||
- Definition Percentage of sale closed. No definition available.
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X | ||||||||||
- Definition The charge against earnings in the period, comprised of costs associated with restructuring activities not otherwise specified in the taxonomy pursuant to a duly authorized plan, excluding a discontinued operation as defined by generally accepted accounting principles. Costs of such activities include those for one-time termination benefits, termination of an operating lease or other contract, consolidating or closing facilities, and relocating employees, but excludes costs associated with the retirement of a long-lived asset and severance costs associated with established compensation plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Reserve increase representing the amount charged against earnings in the period for a specified incurred and estimated type of cost associated with exit from or disposal of business activities or restructuring pursuant to a duly authorized plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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