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Consolidated Statements of Income (Unaudited) (USD $)
In Thousands
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
REVENUES    
Natural gas$ 40,250$ 34,153$ 114,362$ 92,088
Oil42,21323,794113,70249,593
Natural gas liquids3,0002,0018,9003,944
Other revenues6003801,366787
Total revenues86,06360,328238,330146,412
Unrealized gain - oil and natural gas derivative contracts30,1012,71225,29225,620
TOTAL REVENUES116,16463,040263,622172,032
EXPENSES    
Lease and plant operating expense16,26712,14944,63929,581
Production and ad valorem taxes5,7284,01515,1988,413
Workover expense4,4131,5698,3914,858
Exploration expense3,8894,34212,3108,914
Depreciation, depletion, and amortization23,75617,85366,18739,975
Impairment expense5,74341616,4982,509
Accretion expense4845171,430932
Loss on sale of assets 87 87
General and administrative expenses9,6596,02024,25112,922
TOTAL EXPENSES69,93946,968188,904108,191
INCOME FROM OPERATIONS46,22516,07274,71863,841
OTHER INCOME (EXPENSE)    
Interest expense(6,779)(5,946)(23,102)(14,675)
Interest income2163511
Gain on contract settlement  1,285 
TOTAL OTHER INCOME (EXPENSE)(6,758)(5,940)(21,782)(14,664)
INCOME BEFORE STATE INCOME TAXES39,46710,13252,93649,177
PROVISION FOR STATE INCOME TAXES(75)(2)(150)(2)
NET INCOME$ 39,392$ 10,130$ 52,786$ 49,175