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Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Revenues:        
Oil and gas sales $ 112,451 $ 90,682 $ 200,489 $ 196,771
Operating expenses:        
Production taxes 1,363 4,806 2,089 6,481
Gathering and transportation 6,611 3,679 12,239 8,207
Lease operating 12,437 13,988 23,985 28,148
Exploration 82 99 9,619 1,268
Depreciation, depletion and amortization 74,689 57,398 135,014 116,807
Impairment of oil and gas properties   28   187
(Gain) loss on sale of assets (26) 797 83 797
General and administrative, net 8,917 9,764 17,345 19,565
Total operating expenses 104,073 90,559 200,374 181,460
Operating income 8,378 123 115 15,311
Other income (expenses):        
Interest income   119   258
Other income 83 25 393 45
Interest expense (10,410) (7,599) (20,694) (15,443)
Gain on sale of marketable securities 8,480 5,692 29,729 5,692
Total other income (expenses) (1,847) (1,763) 9,428 (9,448)
Income (loss) before income taxes 6,531 (1,640) 9,543 5,863
Benefit from (provision for) income taxes (2,582) 21 (3,190) (140)
Net Income (loss) $ 3,949 $ (1,619) $ 6,353 $ 5,723
Net income (loss) per share:        
Basic $ 0.08 $ (0.04) $ 0.13 $ 0.12
Diluted $ 0.08 $ (0.04) $ 0.13 $ 0.12
Weighted average shares outstanding:        
Basic 45,992 45,579 45,983 45,494
Diluted 45,992 45,579 45,983 45,571