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Consolidated Statements of Income (USD $)
In Thousands, except Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Net Operating Revenues    
Crude Oil and Condensate$ 953,154$ 506,368$ 2,649,034$ 1,368,338
Natural Gas Liquids206,572107,482539,104314,750
Natural Gas576,803602,2421,760,7151,832,578
Gains on Mark-to-Market Commodity Derivative Contracts357,66460,998480,539105,816
Gathering, Processing and Marketing578,022233,9711,461,303601,790
Gains on Asset Dispositions, Net207,46864,809442,98172,441
Other, Net6,0616,20519,42415,023
Total2,885,7441,582,0757,353,1004,310,736
Operating Expenses    
Lease and Well248,926180,921680,710507,647
Transportation Costs108,678103,262308,276286,318
Gathering and Processing Costs18,53218,47255,44447,353
Exploration Costs48,46947,307140,616148,635
Dry Hole Costs22,6042,70047,23145,095
Impairments83,431352,908531,413502,865
Marketing Costs572,604231,7581,427,450591,735
Depreciation, Depletion and Amortization651,684500,8881,822,8541,398,137
General and Administrative82,26081,310219,703206,470
Taxes Other Than Income98,52674,244308,669227,773
Total1,935,7141,593,7705,542,3663,962,028
Operating Income (Loss)950,030(11,695)1,810,734348,708
Other Income, Net1,3775,77211,2057,910
Income (Loss) Before Interest Expense and Income Taxes951,407(5,923)1,821,939356,618
Interest Expense, Net52,18632,890153,77288,215
Income (Loss) Before Income Taxes899,221(38,813)1,668,167268,403
Income Tax Provision358,34332,093697,742161,422
Net Income (Loss)$ 540,878$ (70,906)$ 970,425$ 106,981
Net Income Per Share    
Basic$ 2.03$ (0.28)$ 3.71$ 0.43
Diluted$ 2.01$ (0.28)$ 3.66$ 0.42
Dividends Declared per Common Share$ 0.160$ 0.155$ 0.480$ 0.465
Average Number of Common Shares    
Basic266,053251,015261,664250,719
Diluted269,292251,015265,245254,444