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Condensed Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Revenues:        
Natural gas, NGL and crude oil sales $ 56,879 $ 65,762 $ 132,189 $ 124,572
Sales from natural gas marketing 8,917 18,897 20,751 34,099
Commodity price risk management gain (loss), net 38,729 20,537 50,230 (3,345)
Well operations, pipeline income and other 1,520 1,755 3,221 3,598
Total revenues 106,045 106,951 206,391 158,924
Costs, expenses and other:        
Production costs 18,880 16,895 38,069 35,367
Cost of natural gas marketing 8,761 18,207 20,253 33,200
Exploration expense 2,570 1,215 4,633 2,884
Impairment of natural gas and crude oil properties 370 499 1,023 952
General and administrative expense 14,378 19,509 29,086 33,382
Depreciation, depletion and amortization 34,448 30,592 74,262 61,577
Gain on sale of properties and equipment (2,246) 0 (2,400) 0
Total costs, expenses and other 77,161 86,917 164,926 167,362
Income (loss) from operations 28,884 20,034 41,465 (8,438)
Interest income 0 2 2 11
Interest expense (10,053) (9,067) (20,497) (18,129)
Income (loss) from continuing operations before income taxes 18,831 10,969 20,970 (26,556)
Provision for income taxes 6,179 2,804 6,938 (11,474)
Income (loss) from continuing operations 12,652 8,165 14,032 (15,082)
Income (loss) from discontinued operations, net of tax (381) 1,000 14,074 4,323
Net Income (Loss) $ 12,271 $ 9,165 $ 28,106 $ (10,759)
Basic        
Income (loss) from continuing operations $ 0.48 $ 0.35 $ 0.56 $ (0.64)
Income (loss) from discontinued operations $ (0.02) $ 0.04 $ 0.56 $ 0.18
Net income (loss) $ 0.46 $ 0.39 $ 1.12 $ (0.46)
Diluted        
Income (loss) from continuing operations $ 0.47 $ 0.35 $ 0.55 $ (0.64)
Income (loss) from discontinued operations $ (0.01) $ 0.04 $ 0.56 $ 0.18
Net income (loss) $ 0.46 $ 0.39 $ 1.11 $ (0.46)
Weighted average common shares outstanding        
Basic 26,597 23,491 25,103 23,460
Diluted 26,728 23,723 25,268 23,460