Quarterly report pursuant to Section 13 or 15(d)

STATEMENTS OF CASH FLOWS (UNAUDITED)

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STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $)
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income $ 35,666,098 $ 52,732,468
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:    
Depletion, Depreciation, Amortization and Accretion 85,455,425 72,147,282
Amortization of Debt Issuance Costs 1,867,482 1,025,009
Amortization of Senior Unsecured Notes Premium (588,496) 0
Deferred Income Taxes 21,258,000 34,870,000
Unrealized (Gain) Loss on Derivative Instruments 27,254,147 (18,125,928)
Amortization of Deferred Rent (15,876) (24,921)
Share - Based Compensation Expense 3,547,493 11,295,664
Changes in Working Capital and Other Items:    
Trade Receivables (21,981,344) (27,906,153)
Prepaid Expenses and Other 116,003 (234,647)
Accounts Payable 6,026,364 (723,549)
Accrued Interest 9,274,841 8,923,869
Accrued Expenses 1,039,076 2,717,838
Net Cash Provided By Operating Activities 168,919,213 136,696,932
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of Oil and Gas Properties and Development Capital Expenditures (269,390,319) (419,687,257)
Proceeds from Sale of Oil and Gas Properties 908,000 0
Purchases of Other Equipment and Furniture (255,603) (185,157)
Net Cash Used For Investing Activities (268,737,922) (419,872,414)
CASH FLOWS FROM FINANCING ACTIVITIES    
Advances on Revolving Credit Facility 103,000,000 409,600,000
Repayments on Revolving Credit Facility (182,000,000) (411,500,000)
Issuance of Senior Unsecured Notes 210,500,000 300,000,000
Debt Issuance Costs Paid (7,023,254) (11,850,614)
Repurchase of Common Stock (26,177,437) (1,173,315)
Proceeds from Exercise of Stock Options 0 54,390
Net Cash Provided by Financing Activities 98,299,309 285,130,461
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (1,519,400) 1,954,979
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD 13,387,998 6,279,587
CASH AND CASH EQUIVALENTS - END OF PERIOD 11,868,598 8,234,566
Supplemental Disclosure of Cash Flow Information    
Cash Paid During the Period for Interest 15,196,809 2,226,598
Cash Paid During the Period for Income Taxes 13,614 8,772
Non-Cash Financing and Investing Activities:    
Oil and Natural Gas Properties Included in Accounts Payable 136,396,330 118,873,584
Capitalized Asset Retirement Obligations 476,549 413,146
Non-Cash Compensation Capitalized on Oil and Gas Properties $ 1,643,683 $ 5,834,242