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Condensed Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 12 Months Ended
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2011
Sep. 30, 2011
Jun. 30, 2011
Mar. 31, 2011
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Revenue:                      
Oil and natural gas                 $ 422,529 $ 348,207 $ 239,770
Other                 1,104 120 139
Total Revenues 138,899 86,668 99,270 98,796 103,364 84,884 92,830 67,249 423,633 348,327 239,909
Costs and expenses:                      
Lease operating                 94,850 70,281 52,365
Transportation                 615 779 1,306
Exploration expenditures and dry hole costs                 18,799 14,268 6,441
Impairments                 8,883 32,466 26,142
Depreciation, depletion and amortization                 113,581 104,624 104,561
Accretion expense                 15,565 15,942 12,845
General and administrative                 23,208 18,741 18,078
Taxes, other than on earnings                 13,007 14,365 10,133
Other                 4,678 9,735 729
Total costs and expenses 86,235 67,379 68,071 71,501 90,223 69,232 61,571 60,175 293,186 281,201 232,600
Income from operations 52,664 19,289 31,199 27,295 13,141 15,652 31,259 7,074 130,447 67,126 7,309
Other income (expense):                      
Interest income                 136 102 113
Interest expense                 (28,568) (17,548) (9,807)
Gain (loss) on derivative instruments                 (13,305) (5,870) (4,865)
Loss on early extinguishment of debt               2,400   (2,377) (5,627)
Total other income (expense)                 (41,737) (25,693) (20,186)
Income (loss) before income taxes                 88,710 41,433 (12,877)
Deferred income tax benefit (expense)                 (29,900) (14,822) 4,409
Net income (loss) $ 24,153 $ (2,247) $ 35,401 $ 1,503 $ (7,341) $ 23,458 $ 25,003 $ (14,509) $ 58,810 $ 26,611 $ (8,468)
Basic earnings (loss) per share $ 0.62 $ (0.06) $ 0.90 $ 0.04 $ (0.19) $ 0.59 $ 0.62 $ (0.36) $ 1.50 $ 0.66 $ (0.21)
Diluted earnings (loss) per share $ 0.61 $ (0.06) $ 0.90 $ 0.04 $ (0.19) $ 0.58 $ 0.62 $ (0.36) $ 1.50 $ 0.66 $ (0.21)
Weighted average common shares used in computing earnings per share:                      
Basic                 38,885 39,946 40,064
Diluted                 39,034 40,050 40,064