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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
REVENUES        
Oil and gas sales $ 5,806,860 $ 6,382,869 $ 11,972,710 $ 15,420,629
Well management and operating 143,229 149,274 307,538 305,959
Other 285 243 1,518 554
Total revenues 5,950,374 6,532,386 12,281,766 15,727,142
DIRECT COST OF REVENUES        
Production costs 914,143 821,412 2,192,114 2,170,923
Well management and operating 66,261 70,043 145,184 139,710
Depreciation, depletion and amortization 1,618,314 2,270,180 3,236,328 4,517,860
Accretion expense 86,100 93,300 170,300 200,800
Total direct cost of revenues 2,684,818 3,254,935 5,743,926 7,029,293
GENERAL AND ADMINISTRATIVE EXPENSE 557,277 611,160 1,214,961 1,323,968
Total cost of revenues 3,242,095 3,866,095 6,958,887 8,353,261
INCOME FROM OPERATIONS 2,708,279 2,666,291 5,322,879 7,373,881
OTHER INCOME        
Interest income 20,662 27,713 39,510 50,147
Gain on sale of property and equipment 0 20,124 2,183 20,124
Total other income 20,662 47,837 41,693 70,271
INCOME BEFORE INCOME TAXES 2,728,941 2,714,128 5,364,572 7,444,152
INCOME TAX EXPENSE (BENEFIT)        
Current 30,000 60,000 75,000 120,000
Deferred (5,000) (9,000) (17,000) (18,000)
Total income tax expense 25,000 51,000 58,000 102,000
NET INCOME 2,703,941 2,663,128 5,306,572 7,342,152
Allocation of Partnership Net Income        
Limited Partners 2,672,033 2,631,717 5,243,951 7,255,555
General Partner 31,908 31,411 62,621 86,597
Net Income $ 2,703,941 $ 2,663,128 $ 5,306,572 $ 7,342,152
Net income per unit (in dollars per unit) $ 0.47 $ 0.47 $ 0.93 $ 1.29