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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
REVENUES      
Oil and gas sales $ 403,143 $ 405,216 $ 326,320
Midstream services 1,974 1,408 1,631
Drilling rig services 15,858 4,060 0
Other operating revenues 2,077 15,744 3,680
Total revenues 423,052 426,428 331,631
COSTS AND EXPENSES      
Production 124,950 101,099 83,146
Exploration:      
Abandonments and impairments 4,222 20,840 9,074
Seismic and other 11,591 5,363 6,046
Midstream services 1,228 1,039 1,209
Drilling rig services 17,423 5,064 1,198
Depreciation, depletion and amortization 142,687 104,880 101,145
Impairment of property and equipment 5,944 10,355 11,908
Accretion of asset retirement obligations 3,696 2,757 2,623
General and administrative 30,485 41,560 35,588
Other operating expenses 1,033 1,666 1,750
Total costs and expenses 343,259 294,623 253,687
Operating income 79,793 131,805 77,944
OTHER INCOME (EXPENSE)      
Interest expense (38,664) (32,919) (24,402)
Loss on early extinguishment of long-term debt 0 (5,501) 0
Gain (loss) on derivatives 14,448 47,027 722
Other 1,534 5,553 3,308
Total other income (expense) (22,682) 14,160 (20,372)
Income (loss) before income taxes 57,111 145,965 57,572
Income tax (expense) benefit (22,008) (52,142) (20,634)
NET INCOME (LOSS) $ 35,103 $ 93,823 $ 36,938
Net income (loss) per common share:      
Basic (in dollars per share) $ 2.89 [1] $ 7.72 [1] $ 3.04
Diluted (in dollars per share) $ 2.89 [1] $ 7.71 [1] $ 3.04
Weighted average common shares outstanding:      
Basic shares 12,164 12,161 12,148
Diluted shares 12,164 12,162 12,148
[1] The sum of the individual quarterly net income (loss) per share amounts may not agree to the total for the year since each period’s computation is based on the weighted average number of common shares outstanding during each period.