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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) (in thousands, except per share amounts) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Operating revenues:        
Oil, gas, and NGL production revenue $ 654,661 $ 534,520 $ 1,277,770 $ 1,004,095
Other operating revenues 20,319 24,840 29,930 39,445
Total operating revenues 674,980 559,360 1,307,700 1,043,540
Operating expenses:        
Oil, gas, and NGL production expense 177,598 149,737 341,307 275,370
Depletion, depreciation, amortization, and asset retirement obligation liability accretion 187,781 225,731 364,996 424,440
Exploration 24,270 20,657 45,605 36,055
Impairment of proved properties 0 34,552 0 55,771
Abandonment and impairment of unproved properties 164 4,339 2,965 4,641
General and administrative 38,115 35,374 73,166 67,654
Change in Net Profits Plan liability (7,105) (5,438) (8,881) (7,363)
Derivative loss (gain) 126,469 [1] (85,190) [1] 224,131 [1] (54,618) [1]
Other operating expenses 5,972 35,314 14,061 51,108
Total operating expenses 553,264 415,076 1,057,350 853,058
Income from operations 121,716 144,284 250,350 190,482
Non-operating income (expense)        
Other, net (1,847) 24 (1,821) 36
Interest expense (24,040) (21,581) (48,230) (40,682)
Income before income taxes 95,829 122,727 200,299 149,836
Income tax expense (36,049) (46,205) (74,912) (56,587)
Net income $ 59,780 $ 76,522 $ 125,387 $ 93,249
Basic weighted-average common shares outstanding 67,069 66,295 67,063 66,254
Diluted weighted-average common shares outstanding 68,239 67,893 68,180 67,711
Basic net income per common share $ 0.89 $ 1.15 $ 1.87 $ 1.41
Diluted net income per common share $ 0.88 $ 1.13 $ 1.84 $ 1.38
Dividends per common share $ 0.00 $ 0.00 $ 0.05 $ 0.05
[1] (2) Total derivative loss (gain) is reported in the derivative loss (gain) line item on the condensed consolidated statements of cash flows within cash provided by operating activities.