CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
REVENUES:
Oil sales	$ 48,056	$ 45,994	$ 93,138	$ 81,577
Natural gas sales	2,379	4,962	5,829	9,035
Natural gas liquid sales	3,901	3,171	10,173	5,216
Gains (Losses) on commodity derivative contracts - net	48,143	10,477	23,478	(18,119)
Other	103	60	207	114
Total revenues	102,582	64,664	132,825	77,823
EXPENSES:
Lease operating and workover	5,921	3,669	12,388	6,275
Severance and other taxes	6,272	5,370	11,648	9,495
Asset retirement accretion	164	39	298	86
General and administrative	4,956	10,641	11,019	14,544
Depreciation, depletion, and amortization	27,882	21,266	55,909	39,884
Total expenses	45,195	40,985	91,262	70,284
OPERATING INCOME	57,387	23,679	41,563	7,539
OTHER INCOME (EXPENSE)
Interest income	143	4	150	12
Interest expense - net of amounts capitalized	(990)	(134)	(2,680)	(134)
Total other income (expense)	(847)	(130)	(2,530)	(122)
INCOME BEFORE TAXES	56,540	23,549	39,033	7,417
Income tax expense	168,917		168,917
NET INCOME (LOSS)	$ (112,377)	$ 23,549	$ (129,884)	$ 7,417
Pro forma Loss per share:
Basic (Note 10) (in dollars per share)	$ (1.85)		$ (2.39)
Diluted (Note 10) (in dollars per share)	$ (1.85)		$ (2.39)
Pro forma weighted average shares outstanding:
Basic (Note 10) (in shares)	60,887		54,261
Diluted (Note 10) (in shares)	60,887		54,261