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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 $ 238,361 $ 223,297 $ 146,048
Sales from natural gas marketing 45,371 63,470 65,235
Commodity price risk management gain (loss), net 32,339 46,090 59,891
Well operations, pipeline income and other 4,534 4,432 5,441
Total revenues 320,605 337,289 276,615
Costs, expenses and other:      
Production costs 54,700 44,832 29,867
Cost of natural gas marketing 45,023 62,831 64,733
Exploration expense 20,894 5,734 9,207
Impairment of natural gas and crude oil properties 5,895 2,301 4,370
General and administrative expense 58,815 61,454 42,188
Depreciation, depletion and amortization 98,778 87,633 66,118
Accretion of asset retirement obligations 3,687 1,398 1,044
Gain on sale of Leaseholds (4,353) (196) (174)
Total cost, expenses and other 283,439 265,987 217,353
Income (loss) from operations 37,166 71,302 59,262
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 (34,396) 34,364 26,083
Provision for income taxes 12,701 (11,800) (8,019)
Income (loss) from continuing operations (21,695) 22,564 18,064
Income (loss) from discontinued operations, net of tax (109,017) (9,127) (12,130)
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 (21,695) 22,564 18,344
Income (loss) from discontinued operations, net of tax (109,017) (9,127) (12,130)
Net income (loss) attributable to shareholders $ (130,712) $ 13,437 $ 6,214
Basic      
Income (loss) from continuing operations $ (0.78) $ 0.96 $ 0.94
Income (loss) from discontinued operations $ (3.94) $ (0.39) $ (0.62)
Net income (loss) attributable to shareholders $ (4.72) $ 0.57 $ 0.32
Diluted      
Income (loss) from continuing operations $ (0.78) $ 0.95 $ 0.92
Income (loss) from discontinued operations $ (3.94) $ (0.39) $ (0.61)
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