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Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Consolidated Statements of Operations        
Oil and gas production revenues $ 172,883 $ 101,099 $ 339,383 $ 194,128
Costs, operating expenses and other:        
Lease operating 41,640 32,295 74,047 61,930
Exploration 1,000 9 1,000 721
General and administrative 10,166 8,060 19,902 18,623
Depreciation, depletion and amortization 74,318 60,115 153,638 96,116
Impairment of oil and gas properties 45,704 3,853 45,704 12,090
Accretion of asset retirement obligation 3,771 3,463 7,435 6,853
Drilling interruption costs 1,193 8,714 19,691 8,714
Loss on abandonment 114 50 1,383 201
Gain on exchange/disposal of properties   (46)   (12,020)
Total operating expenses 177,906 116,513 322,800 193,228
Income (loss) from operations (5,023) (15,414) 16,583 900
Other income (expense):        
Interest income 59 154 116 298
Interest expense, net (97,043) (64,645) (172,528) (76,864)
Derivative income (expense) 35,918 23,929 (14,344) 27,464
Gain (loss) on debt extinguishment 1,091 (78,171) 1,091 (78,171)
Total other non operating income (expenses) (59,975) (118,733) (185,665) (127,273)
Loss before income taxes (64,998) (134,147) (169,082) (126,373)
Income tax benefit (expense):        
Current   326   (227)
Deferred 14,494 57,473 5,352 56,621
Total 14,494 57,799 5,352 56,394
Net loss (50,504) (76,348) (163,730) (69,979)
Less income attributable to the redeemable noncontrolling interest (3,562) (3,771) (7,125) (8,226)
Less convertible preferred stock dividends (2,786) (2,800) (5,544) (5,600)
Net loss attributable to common shareholders $ (56,852) $ (82,919) $ (176,399) $ (83,805)
Net loss per share attributable to common shareholders:        
Basic $ (1.11) $ (1.63) $ (3.46) $ (1.66)
Diluted $ (1.11) $ (1.63) $ (3.46) $ (1.66)
Weighted average number of common shares:        
Basic 51,048 50,767 51,034 50,609
Diluted 51,048 50,767 51,034 50,609