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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, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Operating Revenues:        
Gas sales $ 614,178 $ 435,392 $ 1,118,674 $ 897,526
Gas marketing 200,979 126,688 380,820 274,739
Oil sales 2,684 1,680 8,034 4,208
Gas gathering 44,200 42,316 88,162 84,438
Total Operating Revenues 862,041 606,076 1,595,690 1,260,911
Operating Costs and Expenses:        
Gas purchases - midstream services 200,110 127,614 380,066 274,290
Operating expenses 82,155 56,614 146,379 117,572
General and administrative expenses 47,570 44,932 84,785 93,758
Depreciation, depletion and amortization 186,867 207,830 366,334 401,457
Impairment of natural gas and oil properties   800,652   800,652 [1]
Taxes, other than income taxes 20,022 14,480 40,849 34,902
Total operating costs and expenses 536,724 1,252,122 1,018,413 1,722,631
Operating Income (Loss) 325,317 (646,046) [2] 577,277 (461,720) [2]
Interest Expense:        
Interest on debt 25,049 23,956 49,146 43,691
Other interest charges 1,044 1,047 2,154 2,038
Interest capitalized (16,815) (16,642) (33,001) (30,030)
Total Interest Expense 9,278 [1] 8,361 [1] 18,299 [1] 15,699 [1]
Other Gain (Loss), Net 354 [1] 2,577 [1] (179) [1] 2,377 [1]
Gain (Loss) on Derivatives 93,449 (6,348) 63,655 (4,714)
Income (Loss) Before Income Taxes 409,842 (658,178) 622,454 (479,756)
Provision for Income Taxes:        
Current 16,334 100 16,470 268
Deferred 147,877 (253,146) 232,838 (182,596)
Total provision for income taxes 164,211 [1] (253,046) [1] 249,308 [1] (182,328) [1]
Net Income (Loss) $ 245,631 $ (405,132) $ 373,146 $ (297,428)
Earnings (Loss) Per Share:        
Basic $ 0.70 $ (1.16) $ 1.07 $ (0.85)
Diluted $ 0.70 $ (1.16) $ 1.06 $ (0.85)
Weighted Average Common Shares Outstanding:        
Basic 350,448,806 348,162,723 350,241,768 348,081,399
Diluted 351,082,807 [3] 348,162,723 [3] 350,911,892 [3] 348,081,399 [3]
[1] Interest expense and the provision for income taxes by segment are allocated as they are incurred at the corporate level.
[2] The operating loss for the E&P segment for the three and six months ended June 30, 2012 includes a $800.7 million non-cash ceiling test impairment of our natural gas and oil properties.
[3] Options for 1,599,246 shares and 29,251 shares of restricted stock were excluded from the calculation for the three months ended June 30, 2013 because they would have had an antidilutive effect. Due to the net loss for the three months ended June 30, 2012, options for 1,723,316 shares and 156,047 shares of restricted stock were antidilutive and excluded from the calculation. Options for 2,079,849 shares and 246,347 shares of restricted stock were excluded from the calculation for the six months ended June 30, 2013 because they would have had an antidilutive effect. Due to the net loss for the six months ended June 30, 2012, options for 1,783,073 shares and 121,078 shares of restricted stock were antidilutive and excluded from the calculation.