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Condensed Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Revenue:        
Oil and natural gas $ 86,645 $ 84,853 $ 284,666 $ 244,866
Other 23 31 68 97
Total Revenues 86,668 84,884 284,734 244,963
Costs and expenses:        
Lease operating 24,995 19,266 62,067 52,505
Transportation 160 119 410 490
Exploration expenditures and dry hole costs 966 973 17,862 2,343
Impairments 498 5,523 6,206 19,197
Depreciation, depletion and amortization 27,106 26,496 78,932 73,081
Accretion of liability for asset retirement obligations 3,472 4,793 10,031 12,172
General and administrative 5,995 4,461 16,993 14,544
Taxes, other than on earnings 3,189 3,493 9,834 10,506
Other 998 4,108 4,616 6,140
Total costs and expenses 67,379 69,232 206,951 190,978
Income from operations 19,289 15,652 77,783 53,985
Other income (expense):        
Interest income 40 37 128 64
Interest expense (5,114) (5,036) (15,081) (12,480)
Gain (loss) on derivative instruments (22,108) 26,571 (11,865) 14,877
Loss on early extinguishment of debt       (2,377)
Total other income (expense) (27,182) 21,572 (26,818) 84
Income (loss) before income taxes (7,893) 37,224 50,965 54,069
Provision for income taxes:        
Current 126   (174)  
Deferred 5,520 (13,766) (16,134) (20,117)
Total provision for income taxes 5,646 (13,766) (16,308) (20,117)
Net income (loss) $ (2,247) $ 23,458 $ 34,657 $ 33,952
Basic earnings (loss) per share $ (0.06) $ 0.58 $ 0.88 $ 0.84
Diluted earnings (loss) per share $ (0.06) $ 0.58 $ 0.88 $ 0.84
Weighted average common shares used in computing earnings per share:        
Basic 38,743 40,093 38,926 40,094
Diluted 38,743 40,153 39,056 40,172