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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
REVENUES        
Sales and other operating revenues $ 1,431,007 $ 1,366,434 [1] $ 4,070,120 $ 3,980,960 [1]
Loss on sale of assets (133) (38) [1] (5,130) (262) [1]
Interest and other income 2,163 53,100 [1] 3,468 61,722 [1]
Total revenues 1,433,037 1,419,496 [1] 4,068,458 4,042,420 [1]
COSTS AND EXPENSES        
Lease operating expenses 265,518 258,524 [1] 813,638 847,522 [1]
Severance and ad valorem taxes 28,574 22,393 [1] 83,793 57,790 [1]
Exploration expenses, including undeveloped lease amortization 117,433 147,845 [1] 390,711 345,110 [1]
Selling and general expenses 82,960 99,333 [1] 269,986 267,704 [1]
Depreciation, depletion and amortization 499,151 394,667 [1] 1,354,393 1,139,193 [1]
Impairment of assets       21,587 [1]
Accretion of asset retirement obligations 12,600 12,539 [1] 36,992 36,396 [1]
Interest expense 34,970 33,535 [1] 101,625 90,156 [1]
Interest capitalized (5,323) (13,011) [1] (19,244) (40,877) [1]
Other expense 662   1,297  
Total costs and expenses 1,036,545 955,825 [1] 3,033,191 2,764,581 [1]
Income from continuing operations before income taxes 396,492 463,671 [1] 1,035,267 1,277,839 [1]
Income tax expense 125,435 198,593 [1] 452,255 570,189 [1]
Income from continuing operations 271,057 265,078 [1] 583,012 707,650 [1]
Income (loss) from discontinued operations, net of taxes (25,350) 19,731 [1] (52,639) 340,402 [1]
NET INCOME $ 245,707 $ 284,809 [1] $ 530,373 $ 1,048,052 [1]
PER COMMON SHARE - BASIC        
Income from continuing operations $ 1.52 $ 1.42 [1] $ 3.25 $ 3.75 [1]
Income (loss) from discontinued operations $ (0.14) $ 0.10 [1] $ (0.29) $ 1.80 [1]
Net income $ 1.38 $ 1.52 [1] $ 2.96 $ 5.55 [1]
PER COMMON SHARE - DILUTED        
Income from continuing operations $ 1.51 $ 1.41 [1] $ 3.23 $ 3.72 [1]
Income (loss) from discontinued operations $ (0.14) $ 0.10 [1] $ (0.29) $ 1.79 [1]
Net income $ 1.37 $ 1.51 [1] $ 2.94 $ 5.51 [1]
Average Common shares outstanding        
Basic 177,535,503 186,938,328 [1] 179,259,573 188,914,000 [1]
Diluted 178,856,078 188,337,511 [1] 180,578,085 190,245,166 [1]
[1] Reclassified to conform to current presentation - See Note D.