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CONDENSED CONSOLIDATED STATEMENT OF INCOME (Unaudited) (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 revenue:        
Oil production $ 142,393 $ 184,498 $ 280,682 $ 371,423
Gas production 46,667 47,832 103,029 84,654
Natural gas liquids production 15,936 11,200 43,906 20,378
Other operational income 2,050 979 3,047 1,786
Derivative income, net   1,368   147
Total operating revenue 207,046 245,877 430,664 478,388
Operating expenses:        
Lease operating expenses 49,454 50,517 96,357 103,561
Transportation, processing and gathering expenses 14,098 8,896 28,724 14,293
Production taxes 3,257 4,091 6,319 6,180
Depreciation, depletion and amortization 92,835 87,209 175,481 162,644
Accretion expense 7,733 8,318 15,288 16,581
Salaries, general and administrative expenses 16,637 15,198 32,966 29,150
Incentive compensation expense 3,903 2,050 7,037 3,481
Other operational expenses   73 212 145
Derivative expense, net 2,516   3,115  
Total operating expenses 190,433 176,352 365,499 336,035
Income from operations 16,613 69,525 65,165 142,353
Other (income) expenses:        
Interest expense 9,913 8,895 18,270 18,530
Interest income (193) (115) (336) (232)
Other income (722) (682) (1,429) (1,408)
Other expense 179   179  
Total other (income) expenses 9,177 8,098 16,684 16,890
Income before income taxes 7,436 61,427 48,481 125,463
Provision (benefit) for income taxes:        
Current   (6,993)   (10,739)
Deferred 2,992 29,398 18,094 56,422
Total income taxes 2,992 22,405 18,094 45,683
Net income $ 4,444 $ 39,022 $ 30,387 $ 79,780
Basic earnings per share $ 0.08 $ 0.78 $ 0.59 $ 1.60
Diluted earnings per share $ 0.08 $ 0.78 $ 0.59 $ 1.60
Average shares outstanding 52,050 48,687 50,540 48,653
Average shares outstanding assuming dilution 52,373 48,725 50,727 48,691