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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (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
Revenues and other        
Oil, natural gas and natural gas liquids sales $ 302,390 $ 153,195 $ 543,097 $ 302,581
Gains (losses) on oil and natural gas derivatives 205,515 123,791 (163,961) 219,794
Marketing revenues 1,509 1,223 2,682 2,617
Other revenues 1,157 195 2,280 448
Total revenues 510,571 278,404 384,098 525,440
Expenses        
Lease operating expenses 56,363 38,367 102,264 69,589
Transportation expenses 6,476 5,256 12,331 9,876
Marketing expenses 1,044 772 1,853 1,741
General and administrative expenses 31,543 23,306 62,103 47,794
Exploration costs 550 155 995 4,016
Bad debt expenses 33 (208) (5) (19)
Depreciation, depletion and amortization 79,345 57,941 145,711 107,132
Taxes, other than income taxes 20,318 10,391 36,045 20,591
(Gains) losses on sale of assets and other, net 977 (52) 1,591 (374)
Total expenses 196,649 135,928 362,888 260,346
Other income and (expenses)        
Loss on extinguishment of debt (9,810) 0 (94,372) 0
Interest expense, net of amounts capitalized (62,361) (45,969) (125,825) (73,622)
Losses on interest rate swaps 0 (33,245) 0 (56,407)
Other, net (2,972) (3,691) (4,718) (4,292)
Total other income and (expenses) (75,143) (82,905) (224,915) (134,321)
Income (loss) before income taxes 238,779 59,571 (203,705) 130,773
Income tax benefit (expense) (1,670) 215 (5,868) (5,677)
Net income (loss) $ 237,109 $ 59,786 $ (209,573) $ 125,096
Net income (loss) per unit        
Basic $ 1.34 $ 0.41 $ (1.25) $ 0.90
Diluted $ 1.33 $ 0.40 $ (1.25) $ 0.90
Weighted average units outstanding        
Basic 175,035 146,124 169,104 137,874
Diluted 175,797 146,462 169,104 138,234
Distributions declared per unit $ 0.66 $ 0.63 $ 1.32 $ 1.26