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Condensed Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Oil and natural gas sales    
Oil$ 18,955$ 18,290$ 62,150$ 56,898
Natural gas2,5484,9238,25216,170
NGLs2,6443,2507,58210,461
Total oil and natural gas sales24,14726,46377,98483,529
Realized gains (losses) on derivatives76(1,213)(1,186)(2,818)
Unrealized gains on derivatives22,7441,78218,5196,136
Other3951124125
Total revenues and other operating income47,00627,08395,44186,972
OPERATING EXPENSES:    
Oil and natural gas production taxes1,3911,5184,2804,565
Oil and natural gas production expenses7,4998,57124,04825,153
Depreciation and amortization5,1856,78215,65420,387
Accretion expense4094521,2231,288
Share-based compensation8728132,2272,284
General and administrative, overhead and other expenses, net of operator's overhead fees3,1002,93210,91310,694
Total operating expenses18,45621,06858,34564,371
Operating income28,5506,01537,09622,601
OTHER INCOME (EXPENSE):    
Interest expense(3,637)(5,767)(13,750)(17,116)
Interest income120424
Loss on interest rate derivatives(203) (698) 
Other income (expense)181(268)(572)293
INCOME BEFORE INCOME TAXES24,892 22,0805,802
INCOME TAX PROVISION (BENEFIT)13,116(1,564)11,279(909)
Net income$ 11,776$ 1,564$ 10,801$ 6,711
BASIC INCOME PER SHARE$ 0.15$ 0.02$ 0.14$ 0.09
BASIC WEIGHTED AVERAGE SHARES OUTSTANDING79,086,26178,633,53578,762,79978,361,299
DILUTED INCOME PER SHARE$ 0.15$ 0.02$ 0.14$ 0.09
DILUTED WEIGHTED AVERAGE SHARES OUTSTANDING79,086,26178,633,53578,762,79978,361,299