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Unaudited Condensed Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Revenues        
Crude oil and natural gas sales $ 864,538 $ 511,192 $ 1,627,170 $ 1,046,504
Crude oil and natural gas sales to affiliates 27,649 12,201 48,534 29,147
Gain on derivative instruments, net 199,056 471,728 114,225 302,671
Crude oil and natural gas service operations 9,509 9,598 21,052 21,497
Total revenues 1,100,752 1,004,719 1,810,981 1,399,819
Operating costs and expenses        
Production expenses 73,143 43,479 134,460 83,495
Production and other expenses to affiliates 1,495 1,427 3,152 2,496
Production taxes and other expenses 81,050 48,077 152,308 97,807
Exploration expenses 11,151 8,702 20,965 12,853
Crude oil and natural gas service operations 7,317 7,255 15,914 17,097
Depreciation, depletion, amortization and accretion 236,790 161,018 450,468 310,473
Property impairments 79,712 35,871 119,793 65,778
General and administrative expenses 35,873 29,813 69,690 54,779
(Gain) loss on sale of assets, net 349 (17,397) 213 (67,024)
Total operating costs and expenses 526,880 318,245 966,963 577,754
Income from operations 573,872 686,474 844,018 822,065
Other income (expense):        
Interest expense (61,378) (31,691) (108,853) (55,969)
Other 634 789 1,180 1,570
Total other income (expense) (60,744) (30,902) (107,673) (54,399)
Income before income taxes 513,128 655,572 736,345 767,666
Provision for income taxes 189,858 249,888 272,448 292,888
Net income $ 323,270 $ 405,684 $ 463,897 $ 474,778
Basic net income per share (in dollars per share) $ 1.76 $ 2.26 $ 2.52 $ 2.64
Diluted net income per share (in dollars per share) $ 1.75 $ 2.25 $ 2.51 $ 2.63