XML 14 R4.htm IDEA: XBRL DOCUMENT v2.3.0.15
Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Revenues:    
Oil and natural gas sales$ 113,766$ 43,663$ 283,455$ 113,157
Gain (loss) on derivatives, net53,094(7,057)50,557939
Support infrastructure1,242 2,726 
Other revenue34817
Total revenues168,10536,610336,746114,113
Costs and expenses:    
Lease operating13,5953,96430,03912,684
Production taxes11,4834,25028,63210,658
Support infrastructure610 1,329 
General and administrative3,3593,2559,9069,052
Depletion of oil and natural gas properties28,95315,31271,42438,770
Depreciation and amortization1,7223623,937856
Accretion of discount on asset retirement obligations127103350312
Total costs and expenses59,84927,246145,61772,332
Operating income (loss)108,2569,364191,12941,781
Other income (expense):    
Interest income2401,7169493,056
Interest expense, net(7,472)(2,058)(16,644)(7,893)
Loss on redemption of Senior Notes (10,948) (10,948)
Other income (expense)(2,333)1,2504,7553,116
Total other income (expense)(9,565)(10,040)(10,940)(12,669)
Income (loss) before income taxes98,691(676)180,18929,112
Income tax benefit (expense):    
Current    
Deferred3,822 (5,287) 
Total income tax expense3,822 (5,287) 
Net income (loss)$ 102,513$ (676)$ 174,902$ 29,112
Net income (loss) per share available to common stockholders:    
Basic$ 0.88$ (0.01)$ 1.50$ 0.27
Diluted$ 0.86$ (0.01)$ 1.48$ 0.26
Weighted average shares outstanding:    
Basic116,459115,921116,409109,657
Diluted118,557115,921118,552111,562