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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Operating Revenues:        
Gas sales $ 429,044 $ 524,466 $ 892,812 $ 992,395
Gas marketing 126,688 201,358 274,739 372,456
Oil sales 1,680 2,503 4,208 5,230
Gas gathering 42,316 36,839 84,438 71,420
Total Operating Revenues 599,728 765,166 1,256,197 1,441,501
Operating Costs and Expenses:        
Gas purchases - midstream services 127,614 200,052 274,290 370,282
Operating expenses 56,614 55,054 117,572 111,852
General and administrative expenses 44,932 40,238 93,758 77,355
Depreciation, depletion and amortization 207,830 171,620 401,457 335,067
Impairment of natural gas and oil properties 935,899    935,899   
Taxes, other than income taxes 14,480 15,660 34,902 31,752
Total operating costs and expenses 1,387,369 482,624 1,857,878 926,308
Operating Income (loss) (787,641) 282,542 (601,681) [1] 515,193 [1]
Interest Expense:        
Interest on debt 23,956 16,640 43,691 31,684
Other interest charges 1,047 1,001 2,038 2,512
Interest capitalized (16,642) (11,471) (30,030) (20,590)
Total Interest Expense 8,361 [1] 6,170 [1] 15,699 [2] 13,606 [2]
Other Income, Net 2,577 [1] 69 [1] 2,377 [1] 443
Income (loss) before income taxes (793,425) 276,441 (615,003) 502,030
Provision for Income Taxes:        
Current 100 100 268 200
Deferred (305,425) 108,887 (234,875) 197,767
Total provision for income taxes (305,325) [1] 108,987 [1] (234,607) [2] 197,967 [2]
Net Income (Loss) $ (488,100) $ 167,454 $ (380,396) $ 304,063
Earnings (Loss) Per Share:        
Basic $ (1.40) $ 0.48 $ (1.09) $ 0.88
Diluted $ (1.40) $ 0.48 $ (1.09) $ 0.87
Weighted Average Common Shares Outstanding:        
Basic 348,162,723 347,132,830 348,081,399 346,984,194
Diluted 348,162,723 349,970,819 348,081,399 349,840,044
[1] The operating loss for the E&P segment for the three and six- months ended June 30, 2012 includes a $935.9 million non-cash ceiling test impairment of our natural gas and oil properties.
[2] (2) Interest income, interest expense and the provision for income taxes by segment are allocated as they are incurred at the corporate level.