XML 82 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Revenues:      
Crude oil and natural gas sales $ 2,315,840 $ 1,553,629 $ 917,503
Crude oil and natural gas sales to affiliates 63,593 93,790 31,021
Gain (loss) on derivative instruments, net 154,016 (30,049) (130,762)
Crude oil and natural gas service operations 39,071 32,419 21,303
Total revenues 2,572,520 1,649,789 839,065
Operating costs and expenses:      
Production expenses 193,466 135,178 86,557
Production and other expenses to affiliates 6,675 4,632 6,646
Production taxes and other expenses 223,737 143,236 76,659
Exploration expenses 23,507 27,920 12,763
Crude oil and natural gas service operations 32,248 26,735 18,065
Depreciation, depletion, amortization and accretion 692,118 390,899 243,601
Property impairments 122,274 108,458 64,951
General and administrative expenses 121,735 72,817 49,090
Gain on sale of assets, net (136,047) (20,838) (29,588)
Total operating costs and expenses 1,279,713 889,037 528,744
Income from operations 1,292,807 760,752 310,321
Other income (expense):      
Interest expense (140,708) (76,722) (53,147)
Other 3,097 3,415 1,293
Total other income (expense) (137,611) (73,307) (51,854)
Income before income taxes 1,155,196 687,445 258,467
Provision for income taxes 415,811 258,373 90,212
Net income $ 739,385 $ 429,072 $ 168,255
Basic net income per share $ 4.08 $ 2.42 $ 1.00
Diluted net income per share $ 4.07 $ 2.41 $ 0.99