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Consolidated Statements of Operations (Audited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Revenues:      
Natural gas, NGL and crude oil sales $ 270,327 $ 276,605 $ 205,029
Sales from natural gas marketing 47,079 66,419 69,071
Commodity price risk management gain (loss), net 32,339 46,090 59,891
Well operations, pipeline income and other 6,388 6,846 9,030
Total revenues 356,133 395,960 343,021
Costs, expenses and other:      
Production costs 75,485 67,352 63,543
Cost of natural gas marketing 46,552 65,465 68,015
Exploration expense 22,605 6,253 13,675
Impairment of natural gas and crude oil properties 168,149 25,159 6,481
General and administrative expense 58,815 61,454 42,188
Depreciation, depletion and amortization 146,879 128,907 108,095
Accretion of asset retirement obligations 4,060 1,733 1,329
Gain on sale of Leaseholds (4,353) (196) (174)
Total cost, expenses and other 518,192 356,127 303,152
Income (loss) from operations (162,059) 39,833 39,869
Loss on extinguishment of debt (23,283) 0 0
Interest expense (48,287) (36,985) (33,250)
Interest income 8 47 71
Income (loss) from continuing operations before income taxes (233,621) 2,895 6,690
Provision for income taxes 88,835 183 (652)
Income (loss) from continuing operations (144,786) 3,078 6,038
Income (loss) from discontinued operations, net of tax 14,074 10,359 (104)
Net income (loss) (130,712) 13,437 5,934
Less: net loss attributable to noncontrolling interests 0 0 280
Net income (loss) attributable to shareholders (130,712) 13,437 6,214
Amounts attributable to Petroleum Development Corporation shareholders:      
Income (loss) from continuing operations (144,786) 3,078 6,318
Income (loss) from discontinued operations, net of tax 14,074 10,359 (104)
Net income (loss) attributable to shareholders $ (130,712) $ 13,437 $ 6,214
Basic      
Income (loss) from continuing operations $ (5.23) $ 0.13 $ 0.33
Income (loss) from discontinued operations $ 0.51 $ 0.44 $ (0.01)
Net income (loss) attributable to shareholders $ (4.72) $ 0.57 $ 0.32
Diluted      
Income (loss) from continuing operations $ (5.23) $ 0.13 $ 0.32
Income (loss) from discontinued operations $ 0.51 $ 0.43 $ (0.01)
Net income (loss) attributable to shareholders $ (4.72) $ 0.56 $ 0.31
Weighted-average common shares outstanding      
Basic 27,677 23,521 19,674
Diluted 27,677 23,871 19,821