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CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Operating revenue:        
Oil production $ 184,498 $ 182,181 $ 371,423 $ 383,939
Gas production 47,832 28,146 84,654 57,003
Natural gas liquids production 11,200 9,866 20,378 23,318
Other operational income 979 952 1,786 1,842
Derivative income, net 1,368 5,416 147 4,931
Total operating revenue 245,877 226,561 478,388 471,033
Operating expenses:        
Lease operating expenses 50,517 51,555 103,561 96,035
Transportation, processing and gathering expenses 8,896 5,492 14,293 9,149
Production taxes 4,091 2,358 6,180 5,736
Depreciation, depletion and amortization 87,209 87,133 162,644 171,708
Accretion expense 8,318 8,255 16,581 16,521
Salaries, general and administrative expenses 15,198 13,143 29,150 26,848
Incentive compensation expense 2,050 2,398 3,481 3,840
Other operational expenses 73 71 145 113
Total operating expenses 176,352 170,405 336,035 329,950
Income from operations 69,525 56,156 142,353 141,083
Other (income) expenses:        
Interest expense 8,895 7,684 18,530 13,415
Interest income (115) (79) (232) (110)
Other income (682) (366) (1,408) (786)
Total other (income) expenses 8,098 7,239 16,890 12,519
Income before income taxes 61,427 48,917 125,463 128,564
Provision (benefit) for income taxes:        
Current (6,993) (665) (10,739) 569
Deferred 29,398 19,035 56,422 46,474
Total income taxes 22,405 18,370 45,683 47,043
Net income $ 39,022 $ 30,547 $ 79,780 $ 81,521
Basic earnings per share $ 0.78 $ 0.62 $ 1.60 $ 1.65
Diluted earnings per share $ 0.78 $ 0.62 $ 1.60 $ 1.65
Average shares outstanding 48,687 48,303 48,653 48,279
Average shares outstanding assuming dilution 48,725 48,344 48,691 48,322