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Unaudited Condensed Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Revenues        
Crude oil and natural gas sales $ 988,956 $ 617,934 $ 2,616,126 $ 1,664,438
Crude oil and natural gas sales to affiliates 29,828 15,410 78,362 44,557
Gain (loss) on derivative instruments, net (203,774) (158,294) (89,548) 144,377
Crude oil and natural gas service operations 8,825 8,679 29,876 30,176
Total revenues 823,835 483,729 2,634,816 1,883,548
Operating costs and expenses        
Production expenses 66,790 53,952 201,250 137,447
Production and other expenses to affiliates 1,422 1,454 4,574 3,950
Production taxes and other expenses 92,120 61,717 244,428 159,524
Exploration expenses 8,173 4,899 29,138 17,752
Crude oil and natural gas service operations 6,654 7,626 22,567 24,723
Depreciation, depletion, amortization and accretion 244,721 189,374 695,189 499,847
Property impairments 42,167 27,375 161,960 93,153
General and administrative expenses 34,070 31,925 103,761 86,704
Gain on sale of assets, net (325) (115) (112) (67,139)
Total operating costs and expenses 495,792 378,207 1,462,755 955,961
Income from operations 328,043 105,522 1,172,061 927,587
Other income (expense):        
Interest expense (62,756) (39,205) (171,609) (95,174)
Other 584 710 1,765 2,280
Total other income (expense) (62,172) (38,495) (169,844) (92,894)
Income before income taxes 265,871 67,027 1,002,217 834,693
Provision for income taxes 98,373 22,931 370,822 315,819
Net income $ 167,498 $ 44,096 $ 631,395 $ 518,874
Basic net income per share (in dollars per share) $ 0.91 $ 0.24 $ 3.43 $ 2.88
Diluted net income per share (in dollars per share) $ 0.91 $ 0.24 $ 3.42 $ 2.86