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Consolidated statements of operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Revenues:        
Oil and natural gas sales $ 182,872 $ 177,048 $ 356,086 $ 340,673
Midstream service revenue 172 248 268 328
Total revenues 183,044 177,296 356,354 341,001
Costs and expenses:        
Lease operating expenses 20,179 22,185 41,964 44,627
Production and ad valorem taxes 13,160 9,722 25,610 21,167
Midstream service expense 1,526 697 2,371 1,479
Natural gas volume commitment - affiliates 588 139 1,104 139
General and administrative 29,552 20,495 57,206 40,129
Accretion of asset retirement obligations 422 410 837 804
Depletion, depreciation and amortization 53,056 66,234 102,663 130,737
Total costs and expenses 118,483 119,882 231,755 239,082
Operating income 64,561 57,414 124,599 101,919
Non-operating income (expense):        
Commodity derivatives, net (63,125) 23,975 (94,237) 7,121
Interest rate derivatives, net 0 (9) 0 (15)
Loss from equity method investee (41) (49) (25) (113)
Interest expense (30,657) (25,943) (59,643) (51,292)
Interest and other income 194 12 277 27
Write-off of deferred loan costs 0 0 (124) 0
Loss on disposal of assets, net (205) (59) (226) (59)
Non-operating expense, net (93,834) (2,073) (153,978) (44,331)
Income (loss) from continuing operations before income taxes (29,273) 55,341 (29,379) 57,588
Income tax benefit (expense):        
Deferred 10,374 (20,047) 10,267 (21,157)
Total income tax benefit (expense) 10,374 (20,047) 10,267 (21,157)
Income (loss) from continuing operations (18,899) 35,294 (19,112) 36,431
Income from discontinued operations, net of tax 0 518 0 790
Net income (loss) $ (18,899) $ 35,812 $ (19,112) $ 37,221
Basic net income per share:        
Income (loss) from continuing operations, per basic share $ (0.13) $ 0.28 $ (0.14) $ 0.29
Income from discontinued operations, net of tax, per basic share $ 0.00 $ 0.00 $ 0.00 $ 0.01
Net income (loss), basic (in dollars per share) $ (0.13) $ 0.28 $ (0.14) $ 0.30
Diluted net income per share        
Income (loss) from continuing operations, per diluted share $ (0.13) $ 0.27 $ (0.14) $ 0.28
Income from discontinued operations, net of tax, per diluted share $ 0.00 $ 0.00 $ 0.00 $ 0.01
Net income (loss), diluted (in dollars per share) $ (0.13) $ 0.27 $ (0.14) $ 0.29
Weighted average common shares outstanding:        
Basic (in shares) 141,298 127,362 141,183 127,281
Diluted (in shares) 141,298 129,384 141,183 129,119