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Condensed Consolidated Statements Of Operations (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:        
Contract drilling $ 146,872 $ 115,183 $ 287,778 $ 213,171
Oil and natural gas 132,553 131,662 266,325 241,496
Gas gathering and processing 49,747 44,368 107,042 84,132
Other 720 282 1,175 101
Total revenues 329,892 291,495 662,320 538,900
Contract drilling:        
Operating costs 74,819 64,238 150,992 117,082
Depreciation 21,238 19,218 42,566 36,515
Oil and natural gas:        
Operating costs 33,279 33,417 68,888 64,198
Depreciation, depletion and amortization 57,153 44,550 109,350 84,818
Impairment of oil and gas properties 115,874 0 115,874 0
Gas gathering and processing:        
Operating costs 42,363 36,789 89,976 65,844
Depreciation and amortization 5,312 3,837 10,446 7,610
General and administrative 8,376 7,496 15,380 14,388
Interest, net 2,542 673 4,368 727
Total operating expenses 360,956 210,218 607,840 391,182
Income (loss) before income taxes (31,064) 81,277 54,480 147,718
Income tax expense (benefit):        
Current (2,066) 0 (2,066) 0
Deferred (9,696) 31,458 23,409 56,872
Total income taxes (11,762) 31,458 21,343 56,872
Net income (loss) $ (19,302) $ 49,819 $ 33,137 $ 90,846
Net income (loss) per common share:        
Basic $ (0.40) $ 1.05 $ 0.69 $ 1.91
Diluted $ (0.40) $ 1.04 $ 0.69 $ 1.89