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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 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Operating revenues:        
Oil, gas, and NGL production revenue $ 617,207 $ 601,787 $ 1,894,977 $ 1,605,882
Other operating revenues 1,579 11,320 31,509 50,765
Total operating revenues 618,786 613,107 1,926,486 1,656,647
Operating expenses:        
Oil, gas, and NGL production expense 178,390 158,921 519,697 434,291
Depletion, depreciation, amortization, and asset retirement obligation liability accretion 183,259 195,792 548,255 620,232
Exploration 34,556 16,280 80,161 52,335
Impairment of proved properties 0 5,935 0 61,706
Abandonment and impairment of unproved properties 15,522 3,818 18,487 8,459
General and administrative 41,696 33,920 114,862 101,574
Change in Net Profits Plan liability (6,399) 940 (15,280) (6,423)
Derivative (gain) loss (190,661) [1] 39,933 [1] 33,470 [1] (14,685) [1]
Other operating expenses 5,444 20,084 19,505 71,192
Total operating expenses 261,807 475,623 1,319,157 1,328,681
Income from operations 356,979 137,484 607,329 327,966
Non-operating income (expense):        
Interest expense (22,621) (24,488) (70,851) (65,170)
Other, net (672) 28 (2,493) 64
Income before income taxes 333,686 113,024 533,985 262,860
Income tax expense (124,748) (42,334) (199,660) (98,921)
Net income $ 208,938 $ 70,690 $ 334,325 $ 163,939
Basic weighted-average common shares outstanding 67,379 66,943 67,169 66,486
Diluted weighted-average common shares outstanding 68,430 68,253 68,258 67,969
Basic net income per common share $ 3.10 $ 1.06 $ 4.98 $ 2.47
Diluted net income per common share $ 3.05 $ 1.04 $ 4.90 $ 2.41
Dividends per common share $ 0.05 $ 0.05 $ 0.10 $ 0.10
[1] (2) Total derivative (gain) loss is reported in the derivative (gain) loss line item on the condensed consolidated statements of cash flows within net cash provided by operating activities.