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Consolidated Statements Of Operations (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
OIL AND GAS REVENUES $ 144,329 $ 96,197 $ 390,454 $ 260,730
COSTS AND EXPENSES        
Lease operating 12,934 7,145 34,926 22,599
Production tax 5,590 3,449 14,687 9,676
Ad valorem tax 2,125 2,327 6,848 8,238
Depreciation, depletion and amortization 55,234 46,518 151,232 121,459
General and administrative (inclusive of stock-based compensation expense of $9,872 and $5,091 for the three months ended September 30, 2013 and 2012, respectively, and $19,338 and $10,622 for the nine months ended September 30, 2013 and 2012, respectively) 19,715 12,354 53,722 36,974
Accretion related to asset retirement obligations 128 86 355 280
TOTAL COSTS AND EXPENSES 95,726 71,879 261,770 199,226
OPERATING INCOME 48,603 24,318 128,684 61,504
OTHER INCOME AND EXPENSES        
Gain (loss) on derivative instruments, net (27,658) (14,718) (16,486) 26,975
Interest expense (20,887) (18,074) (64,158) (51,298)
Capitalized interest 7,485 5,917 21,791 17,951
Other income, net 28 20 95 254
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 7,571 (2,537) 69,926 55,386
INCOME TAX (EXPENSE) BENEFIT (1,859) 592 (25,853) (20,972)
NET INCOME (LOSS) FROM CONTINUING OPERATIONS 5,712 (1,945) 44,073 34,414
NET INCOME (LOSS) FROM DISCONTINUED OPERATIONS, NET OF INCOME TAXES (1,191) 1,015 23,599 2,583
NET INCOME (LOSS) $ 4,521 $ (930) $ 67,672 $ 36,997
NET INCOME (LOSS) PER COMMON SHARE - BASIC        
Net income from continuing operations - basic (in dollars per share) $ 0.14 $ (0.05) $ 1.10 $ 0.87
Net income from discontinued operations - basic (in dollars per share) $ (0.03) $ 0.03 $ 0.59 $ 0.07
Net income per share, basic (in dollars per share) $ 0.11 $ (0.02) $ 1.69 $ 0.94
NET INCOME (LOSS) PER COMMON SHARE - DILUTED        
Net income from continuing operations - diluted (in dollars per share) $ 0.14 $ (0.05) $ 1.09 $ 0.86
Net income from discontinued operations - diluted (in dollars per share) $ (0.03) $ 0.03 $ 0.58 $ 0.07
Net income per share, diluted (in dollars per share) $ 0.11 $ (0.02) $ 1.67 $ 0.93
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING        
Basic (in shares) 40,386 39,634 40,083 39,559
Diluted (in shares) 40,927 39,634 40,601 39,992