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CONSOLIDATED STATEMENT OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 12 Months Ended
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2011
Sep. 30, 2011
Jun. 30, 2011
Mar. 31, 2011
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Operating revenue:                      
Oil production                 $ 761,304 $ 663,958 $ 417,948
Gas production                 134,739 170,611 210,686
Natural gas liquids production                 48,498 29,996 27,473
Other operational income                 3,520 3,938 5,916
Derivative income, net                 3,428 1,418 3,265
Total operating revenue 254,871 227,397 226,561 244,957 223,616 214,594 235,734 200,039 951,489 869,921 665,288
Operating expenses:                      
Lease operating expenses                 215,003 175,881 150,212
Transportation, processing and gathering expenses                 21,782 8,958 7,218
Production taxes                 10,015 9,380 5,808
Depreciation, depletion and amortization                 344,365 280,020 248,201
Accretion expense                 33,331 30,764 34,469
Salaries, general and administrative expenses                 54,648 40,169 42,759
Incentive compensation expense                 8,113 11,600 5,888
Other operational expenses                 267 2,149 5,579
Total operating expenses                 687,524 558,921 500,134
Income from operations 78,397 44,485 56,156 84,927 73,399 80,694 92,155 64,752 263,965 311,000 165,154
Other (income) expenses:                      
Interest expense                 30,375 9,289 12,192
Interest income                 (600) (420) (1,464)
Other income                 (1,805) (1,942) (776)
Other expense                     671
Loss on early extinguishment of debt                 1,972 607 1,820
Total other (income) expenses                 29,942 7,534 12,443
Income (loss) before taxes                 234,023 303,466 152,711
Provision (benefit) for income taxes:                      
Current                 15,022 (20,386) 5,808
Deferred                 69,575 129,520 50,474
Total income taxes                 84,597 109,134 56,282
Net income $ 44,246 $ 23,659 $ 30,547 $ 50,974 $ 45,523 $ 51,821 $ 57,196 $ 39,792 $ 149,426 $ 194,332 $ 96,429
Basic earnings per share $ 0.89 $ 0.48 $ 0.62 $ 1.03 $ 0.93 $ 1.06 $ 1.17 $ 0.81 $ 3.03 $ 3.97 $ 1.99
Diluted earnings per share $ 0.89 $ 0.48 $ 0.62 $ 1.03 $ 0.93 $ 1.06 $ 1.17 $ 0.81 $ 3.03 $ 3.97 $ 1.99
Average shares outstanding                 48,319 47,988 47,681
Average shares outstanding assuming dilution                 48,361 48,030 47,706