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Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Revenue:    
Oil and gas sales$ 16,546$ 12,653$ 51,143$ 47,138
Loss on property sales (1) (539)
Total revenue16,54612,65251,14346,599
Operating expenses:    
Lease operating expense3,5774,55510,53515,082
Transportation expense3,3673,29810,93510,940
Production taxes6336672,0942,358
Exploration expense53368329952
Dry hole costs and impairments420,447(1,164)420,86329,762
Depreciation, depletion, amortization and accretion10,70111,52233,18035,410
General and administrative expense6,0657,87219,16528,770
Executive severance expense, net (674) (674)
Total operating expenses444,84326,444497,101122,600
Operating loss(428,297)(13,792)(445,958)(76,001)
Other income and (expense):    
Interest expense and financing costs, net(6,727)(7,567)(21,530)(24,050)
Other income (expense)(1,857)508(1,693)686
Realized gain (loss) on derivative instruments, net79(418)(5,371)(5,132)
Unrealized gain on derivative instruments, net6,7497,1244,13728,072
Income (loss) from unconsolidated affiliates80(90)294893
Total other income and (expense)(1,676)(443)(24,163)469
Loss from continuing operations before income taxes and discontinued operations(429,973)(14,235)(470,121)(75,532)
Income tax expense (benefit)6486(4,568)564
Loss from continuing operations(430,037)(14,321)(465,553)(76,096)
Discontinued operations:    
Gain (loss) from results of operations and sale of discontinued operations, net of tax1,30925,0547,092(81,644)
Net income (loss)(428,728)10,733(458,461)(157,740)
Less net (gain) loss attributable to non-controlling interest included in discontinued operations(702)3,2092259,134
Net income (loss) attributable to Delta common stockholders(429,430)13,942(458,236)(148,606)
Amounts attributable to Delta common stockholders:    
Loss from continuing operations(430,037)(14,321)(465,553)(76,096)
Gain from discontinued operations, net of tax60728,2637,317(72,510)
Net income (loss)$ (429,430)$ 13,942$ (458,236)$ (148,606)
Basic loss attributable to Delta common stockholders per common share:    
Loss from continuing operations$ (15.42)[1]$ (0.52)[1]$ (16.59)[1]$ (2.76)[1]
Discontinued operations$ 0.02[1]$ 1.03[1]$ 0.26[1]$ (2.64)[1]
Net income (loss)$ (15.40)[1]$ 0.51[1]$ (16.33)[1]$ (5.40)[1]
Diluted loss attributable to Delta common stockholders per common share:    
Loss from continuing operations$ (15.42)[1]$ (0.51)[1]$ (16.59)[1]$ (2.76)[1]
Discontinued operations$ 0.02[1]$ 1.00[1]$ 0.26[1]$ (2.64)[1]
Net income (loss)$ (15.40)[1]$ 0.49[1]$ (16.33)[1]$ (5.40)[1]
[1]All common share amounts (except par value and par value per share amounts) have been retroactively restated to reflect the Company's one-for-ten reverse common stock split effective July 13, 2011, as described in Note 10 -- Stockholders' Equity to these consolidated financial statements.