XML 51 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated statements of operations (USD $)
In Thousands, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Revenues:        
Commodity sales $ 179,383 $ 161,623 $ 545,698 $ 433,489
Gain from oil hedging activities 0 9,032 0 28,544
Total revenues 179,383 170,655 545,698 462,033
Costs and expenses:        
Lease operating 42,077 37,306 113,662 104,232
Production taxes 7,133 8,831 21,935 25,299
Depreciation, depletion & amortization 61,527 47,582 180,631 139,439
Loss on impairment of other assets 0 1,090 0 1,090
General and administrative 14,820 13,065 43,199 38,626
Total costs and expenses 125,557 107,874 359,427 308,686
Operating income 53,826 62,781 186,271 153,347
Non-operating income (expense):        
Interest expense (25,434) (24,074) (78,096) (72,565)
Non-hedge derivative gains (losses) 104,413 (43,830) 17,218 (26,484)
Other income, net 442 425 1,407 837
Net non-operating income (expense) 79,421 (67,479) (59,471) (98,212)
Income (loss) before income taxes 133,247 (4,698) 126,800 55,135
Income tax expense (benefit) 49,734 (2,130) 47,315 19,993
Net income (loss) $ 83,513 $ (2,568) $ 79,485 $ 35,142