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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
REVENUES        
Oil and gas sales $ 99,752 $ 81,978 $ 300,488 $ 237,938
Natural gas services 334 397 1,108 1,352
Drilling rig services 929   3,614  
Gain on sales of assets 49 2,857 14,570 3,256
Total revenues 101,064 85,232 319,780 242,546
COSTS AND EXPENSES        
Production 24,284 20,518 75,237 62,012
Exploration:        
Abandonments and impairments 1,256 364 2,307 6,133
Seismic and other 1,842 1,361 5,287 3,995
Natural gas services 233 297 781 951
Drilling rig services 1,673 123 4,378 1,204
Depreciation, depletion and amortization 25,901 25,223 74,987 76,272
Impairment of property and equipment 5,035 794 9,459 11,908
Accretion of abandonment obligations 706 659 2,077 1,953
General and administrative 7,142 8,730 22,678 22,786
Loss on sales of assets and impairment of inventory 114 80 417 1,523
Total costs and expenses 68,186 58,149 197,608 188,737
Operating income 32,878 27,083 122,172 53,809
OTHER INCOME (EXPENSE)        
Interest expense (8,717) (6,040) (24,304) (18,393)
Loss on early extinguishment of long-term debt (907)   (5,501)  
Gain (loss) on derivatives 92,286 (3,995) 74,128 27,289
Other 527 972 3,514 2,816
Total other income (expense) 83,189 (9,063) 47,837 11,712
Income before income taxes 116,067 18,020 170,009 65,521
Income tax expense (41,544) (6,397) (60,693) (23,260)
NET INCOME $ 74,523 $ 11,623 $ 109,316 $ 42,261
Net income per common share:        
Basic (in dollars per share) $ 6.13 $ 0.96 $ 8.99 $ 3.48
Diluted (in dollars per share) $ 6.13 $ 0.96 $ 8.99 $ 3.48
Weighted average common shares outstanding:        
Basic (in shares) 12,163 12,146 12,160 12,146
Diluted (in shares) 12,163 12,146 12,161 12,146