Quarterly report pursuant to Section 13 or 15(d)

Acquisitions and Divestitures (Tables)

v2.4.0.6
Acquisitions and Divestitures (Tables)
 9 Months Ended
Sep. 30, 2012
Purchase Price Allocation for Acquisition of Properties

The following table presents the purchase price allocation for the acquisitions of the Yellow Rose Properties (in thousands):

 

Oil and natural gas properties and equipment

    $ 396,902   

Asset retirement obligations – non-current

      (382 ) 

Long-term liability

      (2,143 ) 
  

 

 

  

Total cash paid

    $ 394,377   
  

 

 

  
Purchase Price Allocation for Acquisition of Fairway Properties

The following table presents the purchase price allocation for the acquisition of the Fairway Properties (in thousands):

 

Oil and natural gas properties and equipment

    $ 47,993   

Asset retirement obligations – non-current

      (7,812 ) 
  

 

 

  

Total cash paid

    $ 40,181   
  

 

 

  
Summary of Pro Forma Condensed Combined Statements of Income

The following table presents a summary of our pro forma condensed combined statements of income for the three and nine months ended September 30, 2011 (in thousands except earnings per share):

 

     Three Months Ended,
September 30,		      Nine Months Ended,
September 30,		  
     2011      2011  

Revenue

    $ 250,257       $ 761,531   

Net income

      56,207         139,134   

Basic and diluted earnings per common share

      0.74         1.84