STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (UNAUDITED) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
REVENUES
Oil and Gas Sales	$ 70,439,015	$ 35,481,664	$ 135,578,411	$ 62,523,285
Loss on Settled Derivatives	(1,094,885)	(5,608,231)	(6,430,482)	(8,870,287)
Unrealized (Gain) Loss on Derivative Instruments	49,799,311	20,848,232	40,434,398	(430,397)
Other Revenue	64,160	104,433	148,266	130,246
Total Revenues	119,207,601	50,826,098	169,730,593	53,352,847
OPERATING EXPENSES
Production Expenses	7,292,253	2,615,546	13,805,601	4,631,902
Production Taxes	6,658,004	3,311,037	12,736,889	5,926,901
General and Administrative Expense	4,419,607	2,749,418	9,100,985	6,040,007
Depletion of Oil and Gas Properties	25,519,809	8,349,600	43,829,309	15,213,079
Depreciation and Amortization	102,307	70,295	199,396	138,608
Accretion of Discount on Asset Retirement Obligations	21,821	7,794	37,453	12,524
Total Expenses	44,013,801	17,103,690	79,709,633	31,963,021
INCOME FROM OPERATIONS	75,193,800	33,722,408	90,020,960	21,389,826
OTHER INCOME (EXPENSE)
Interest Expense	(2,728,104)	(122,546)	(2,924,403)	(243,188)
Interest Income	700	137,944	1,100	565,629
(Loss) Gain on Available for Sale Securities	0	(244,906)	0	215,091
Total Other Income (Expense)	(2,727,404)	(229,508)	(2,923,303)	537,532
INCOME BEFORE INCOME TAXES	72,466,396	33,492,900	87,097,657	21,927,358
INCOME TAX PROVISION	28,840,000	13,060,000	34,665,350	8,552,300
NET INCOME	43,626,396	20,432,900	52,432,307	13,375,058
Unrealized Losses on Marketable Securities
Unrealized Gains on Marketable Securities (Net of Tax of $404,000 and $109,000 for the three and six months ended June 30, 2011, respectively)	0	630,761	0	173,846
Reclassification of Derivative Instruments Included in Income (Net of Tax of $111,000 for the Three Months Ended June 30, 2011 and $39,000 and $212,000 for the Six Months June 30, 2012 and 2011, respectively)	0	172,800	62,309	341,950
Total Other Comprehensive Income	0	803,561	62,309	515,796
COMPREHENSIVE INCOME	$ 43,626,396	$ 21,236,461	$ 52,494,616	$ 13,890,854
Net Income Per Common Share - Basic (in dollars per share)	$ 0.70	$ 0.33	$ 0.84	$ 0.22
Net Income Per Common Share - Diluted (in dollars per share)	$ 0.70	$ 0.33	$ 0.84	$ 0.22
Weighted Average Shares Outstanding - Basic (in shares)	62,399,869	61,686,463	62,319,553	61,586,603
Weighted Average Shares Outstanding - Diluted (in shares)	62,705,473	62,053,888	62,687,814	62,028,292