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Consolidated Statements Of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Revenues:      
Contract drilling $ 484,651 $ 316,384 $ 236,315
Oil and natural gas 516,316 400,807 357,879
Gas gathering and processing 208,238 154,516 108,628
Other (834) 10,138 7,076
Total revenues 1,208,371 881,845 709,898
Contract drilling:      
Operating costs 269,899 186,813 140,080
Depreciation 79,667 69,970 45,326
Oil and natural gas:      
Operating costs 131,271 105,365 87,734
Depreciation, depletion and amortization 183,350 118,793 114,681
Impairment of oil and natural gas properties (Note 2) 0 0 281,241 [1]
Gas gathering and processing:      
Operating costs 174,859 122,146 87,908
Depreciation and amortization 16,101 15,385 16,104
General and administrative 30,055 26,152 24,011
Interest, net 4,167 0 539
Total expenses 889,369 644,624 797,624
Income (loss) before income taxes 319,002 237,221 (87,726)
Income tax expense (benefit):      
Current (2,416) (9,935) (223)
Deferred 125,551 100,672 (32,003)
Total income taxes 123,135 90,737 (32,226)
Net income (loss) $ 195,867 $ 146,484 $ (55,500)
Net income (loss) per common share:      
Basic $ 4.11 $ 3.10 $ (1.18)
Diluted $ 4.08 $ 3.09 $ (1.18)
[1] In March 2009, we incurred a $281.2 million pre-tax ($175.1 million net of tax) non-cash write down of our oil and natural gas properties due to low commodity prices existing at the end of the first quarter 2009.