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Condensed 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 $ 159,213 $ 105,051 $ 303,414 $ 215,076
Price-risk management and other, net (1,785) 1,849 (1,908) 1,670
Total Revenues 157,428 106,900 301,506 216,746
Costs and Expenses:        
General and administrative, net 10,866 8,037 21,309 17,288
Depreciation, depletion, and amortization 55,816 39,029 108,737 77,303
Accretion of asset retirement obligation 1,163 975 2,299 1,929
Lease operating cost 26,706 19,936 52,090 38,584
Severance and other taxes 12,383 11,641 25,696 23,213
Interest expense, net 8,622 8,214 17,010 16,540
Total Costs and Expenses 115,556 87,832 227,141 174,857
Income from Continuing Operations Before Income Taxes 41,872 19,068 74,365 41,889
Provision for Income Taxes 15,190 6,555 27,434 15,136
Income from Continuing Operations 26,682 12,513 46,931 26,753
Income (loss) from Discontinued Operations, net of taxes 14,346 (54) 14,278 (89)
Net Income $ 41,028 $ 12,459 $ 61,209 [1] $ 26,664
Per Share Amounts-        
Basic: Income from Continuing Operations $ 0.62 $ 0.32 $ 1.09 $ 0.70
Income (loss) from Discontinued Operations, net of taxes $ 0.33 $ 0.00 $ 0.33 $ 0.00
Net Income $ 0.95 $ 0.32 $ 1.42 $ 0.69
Diluted: Income from Continuing Operations $ 0.61 $ 0.32 $ 1.08 $ 0.69
Income (loss) from Discontinued Operations, net of taxes $ 0.33 $ 0.00 $ 0.33 $ 0.00
Net Income $ 0.95 $ 0.32 $ 1.41 $ 0.69
Weighted Average Shares Outstanding - Basic 42,436 37,845 42,313 37,749
[1] [2] Unaudited