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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Revenues      
Contract drilling $ 529,719 $ 484,651 $ 316,384
Oil and natural gas 567,944 514,614 399,771
Gas gathering and processing 217,460 208,238 154,516
Total revenues 1,315,123 1,207,503 870,671
Contract drilling      
Operating costs 289,524 269,899 186,813
Depreciation 81,007 79,667 69,970
Oil and natural gas      
Operating costs 150,212 131,271 105,365
Depreciation, depletion and amortization 211,347 183,350 118,793
Impairment of oil and natural gas properties (Note 2) 283,606 0 0
Gas gathering and processing      
Operating costs 187,292 174,859 122,146
Depreciation, amortization, and impairment 24,388 16,101 15,385
General and administrative 33,086 30,055 26,152
Total expenses 1,260,462 885,202 644,624
Income from operations 54,661 322,301 226,047
Other income (expense)      
Interest, net (14,137) (4,167) 0
Gain (loss) on derivatives not desgignated as hedges and hedge ineffectiveness, net (1,243) 1,702 1,036
Other 121 (834) 10,138
Total other income (expense) (15,259) (3,299) 11,174
Income before income taxes 39,402 319,002 237,221
Income tax expense (benefit)      
Current 696 (2,416) (9,935)
Deferred 15,530 125,551 100,672
Total income taxes 16,226 123,135 90,737
Net income $ 23,176 $ 195,867 $ 146,484
Net income per common share:      
Basic $ 0.48 $ 4.11 $ 3.10
Diluted $ 0.48 $ 4.08 $ 3.09