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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Revenues        
Oil, natural gas liquids and natural gas sales $ 350,773 $ 360,507 $ 1,057,447 $ 927,746
Gain (loss) on derivative instruments, net 147,735 (88,192) 9,498 (51,904)
Loss on sale of assets and other (747) (277) (1,809) (492)
Total revenues 497,761 272,038 1,065,136 875,350
Operating Costs and Expenses        
Oil, natural gas liquids and natural gas production 67,720 65,795 199,861 190,944
Production and ad valorem taxes 25,729 22,230 81,102 69,109
Depreciation, depletion and amortization 139,104 124,911 399,568 332,247
Asset impairment 179,074 0 179,074 0
Exploration 8,255 8,949 23,644 13,902
General and administrative 27,784 30,947 93,499 86,699
Accretion of discount on asset retirement obligations 1,924 1,771 5,650 5,187
Total costs and expenses 449,590 254,603 982,398 698,088
Operating Income 48,171 17,435 82,738 177,262
Other Income (Expense)        
Interest expense (11,522) (10,149) (27,374) (30,232)
Other income 37 1,249 1,047 2,619
Total other expense (11,485) (8,900) (26,327) (27,613)
Income From Continuing Operations Before Income Taxes 36,686 8,535 56,411 149,649
Income tax expense 16,055 3,128 23,287 53,401
Income From Continuing Operations 20,631 5,407 33,124 96,248
Discontinued Operations, net of tax        
Income (loss) from discontinued operations (3,485) (9,027) 30,435 39,891
Gain (loss) on disposal of discontinued operations 440,105 (15,678) 439,055 (15,678)
Income (Loss) From Discontinued Operations 436,620 (24,705) 469,490 24,213
Net Income (Loss) $ 457,251 $ (19,298) $ 502,614 $ 120,461
Diluted Earnings Per Average Common Share        
Continuing operations (in dollars per share) $ 0.28 $ 0.07 $ 0.45 $ 1.33
Discontinued operations (in dollars per share) $ 5.94 $ (0.34) $ 6.41 $ 0.34
Net Income (Loss) (in dollars per share) $ 6.22 $ (0.27) $ 6.86 $ 1.67
Basic Earnings Per Average Common Share        
Continuing Operations (in dollars per share) $ 0.28 $ 0.07 $ 0.45 $ 1.33
Discontinued operations (in dollars per share) $ 5.98 $ (0.34) $ 6.45 $ 0.34
Net Income (Loss) (in dollars per share) $ 6.26 $ (0.27) $ 6.90 $ 1.67
Dividends Per Common (In dollar per shares) $ 0.15 $ 0.145 $ 0.45 $ 0.435
Diluted Shares Outstanding (in shares) 73,507 72,346 73,238 72,272
Basic Shares Outstanding (in shares) 73,093 72,346 72,861 72,220