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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Revenues and other income:      
Oil and gas revenue $ 666,912    
Interest income 9,093 4,231 985
Other income 775 5,109 9,210
Total revenues and other income 676,780 9,340 10,195
Costs and expenses:      
Oil and gas production 83,551    
Exploration expenses, including dry holes 126,409 73,126 22,127
General and administrative 113,579 98,967 55,619
Depletion and depreciation 140,469 2,423 1,911
Amortization - deferred financing costs 16,193 28,827 2,492
Interest expense 65,749 59,582 6,774
Derivatives, net 11,777 28,319  
Loss on extinguishment of debt 59,643    
Doubtful accounts expense (39,782) 39,782  
Other expenses, net 149 1,094 46
Total costs and expenses 577,737 332,120 88,969
Income (loss) before income taxes 99,043 (322,780) (78,774)
Income tax expense (benefit) 76,686 (77,108) 973
Net income (loss) 22,357 (245,672) (79,747)
Accretion to redemption value of convertible preferred units (24,442) (77,313) (51,528)
Net loss attributable to common shareholders/unit holders $ (2,085) $ (322,985) $ (131,275)
Net income per share attributable to common shareholders:      
Pro forma basic (in dollars per share) $ 0.06    
Pro forma diluted (in dollars per share) $ 0.06    
Weighted average number of shares used to compute net income (loss) per share:      
Pro forma basic (in shares) 354,667    
Pro forma diluted (in shares) 354,810