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Consolidated Statements of Income and Comprehensive Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Net Operating Revenues      
Crude Oil and Condensate $ 3,838,284 $ 1,998,771 $ 1,089,711
Natural Gas Liquids 779,364 462,345 258,799
Natural Gas 2,240,540 2,420,099 2,050,963
Gains on Mark-to-Market Commodity Derivative Contracts (626,053) (61,912) (431,757)
Gathering, Processing and Marketing 2,115,792 909,680 407,116
Gains on Asset Dispositions, Net 492,909 223,538 535,436
Other, Net 33,173 23,551 13,177
Total 10,126,115 6,099,896 4,786,959
Operating Expenses      
Lease and Well 941,954 698,430 579,290
Transportation Costs 430,322 385,189 283,329
Gathering and Processing Costs 80,727 66,758 57,632
Exploration Costs 171,658 187,381 169,592
Dry Hole Costs 53,230 72,486 51,243
Impairments 1,031,037 742,647 305,832
Marketing Costs 2,072,137 884,212 397,375
Depreciation, Depletion and Amortization 2,516,381 1,941,926 1,549,188
General and Administrative 304,811 280,474 248,274
Taxes Other Than Income 410,549 317,074 174,363
Total 8,012,806 5,576,577 3,816,118
Operating Income 2,113,309 523,319 970,841
Other Income, Net 6,853 14,243 2,071
Income Before Interest Expense and Income Taxes 2,120,162 537,562 972,912
Interest Expense      
Incurred 268,104 205,886 155,820
Capitalized (57,741) (76,300) (54,919)
Interest Expense, Net 210,363 129,586 100,901
Income Before Income Taxes 1,909,799 407,976 872,011
Income Tax Provision 818,676 247,322 325,384
Net Income 1,091,123 160,654 546,627
Net Income Per Share Available to Common Stockholders      
Basic $ 4.15 $ 0.64 $ 2.20
Diluted $ 4.10 $ 0.63 $ 2.17
Dividends Declared per Common Share $ 0.64 $ 0.62 $ 0.58
Average Number of Common Shares      
Basic 262,735 250,876 248,996
Diluted 266,268 254,500 251,884
Quarterly cash dividend $ 0.64 $ 0.62 $ 0.58
Comprehensive Income      
Net Income 1,091,123 160,654 546,627
Other Comprehensive Income (Loss)      
Foreign Currency Translation Adjustments (32,597) 96,179 308,286
Foreign Currency Swap Transaction (1,571) 4,447 6,336
Income Tax Related to Foreign Currency Swap Transaction 404 (1,203) (1,519)
Interest Rate Swap Transaction (5,223) 1,843 0
Income Tax Related to Interest Rate Swap Transaction 1,878 (664) 0
Other (1,216) (251) (1,170)
Comprehensive Income $ 1,052,798 $ 261,005 $ 858,560