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Condensed Consolidated Statements of Operations (Unaudited) (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 and gas sales $ 131,980 $ 159,213 $ 268,122 $ 303,414
Price-risk management and other, net 2,777 (1,785) 2,513 (1,908)
Total Revenues 134,757 157,428 270,635 301,506
Costs and Expenses:        
General and administrative, net 12,190 10,866 24,073 21,309
Depreciation, depletion, and amortization 61,288 55,816 122,651 108,737
Accretion of asset retirement obligation 1,162 1,163 2,274 2,299
Lease operating cost 29,483 26,706 58,696 52,090
Severance and other taxes 12,200 12,383 25,160 25,696
Interest expense, net 13,319 8,622 26,784 17,010
Total Costs and Expenses 129,642 115,556 259,638 227,141
Income from Continuing Operations Before Income Taxes 5,115 41,872 10,997 74,365
Provision for Income Taxes 2,087 15,190 4,399 27,434
Income from Continuing Operations 3,028 26,682 6,598 46,931
Income from Discontinued Operations, net of taxes 0 14,346 0 14,278
Net Income $ 3,028 $ 41,028 $ 6,598 [1] $ 61,209
Per Share Amounts-        
Basic: Income from Continuing Operations (in dollars per share) $ 0.07 $ 0.62 $ 0.15 $ 1.09
Gain from Discontinued Operations, net of taxes (in dollars per share) $ 0.00 $ 0.33 $ 0.00 $ 0.33
Net Income (in dollars per share) $ 0.07 $ 0.95 $ 0.15 $ 1.42
Diluted: Income from Continuing Operations (in dollars per share) $ 0.07 $ 0.61 $ 0.15 $ 1.08
Gain from Discontinued Operations, net of taxes (in dollars per share) $ 0.00 $ 0.33 $ 0.00 $ 0.33
Net Income (in dollars per share) $ 0.07 $ 0.95 $ 0.15 $ 1.41
Weighted Average Shares Outstanding - Basic 42,862 42,436 42,768 42,313
[1] Unaudited