Quarterly report pursuant to Section 13 or 15(d)

Subsequent Events (Tables)

v2.4.0.6
Subsequent Events (Tables)
 9 Months Ended
Sep. 30, 2012
Preliminary Purchase Price Allocation

The following table presents the preliminary purchase price allocation, including estimated adjustments, for the acquisition of the Newfield Properties (in thousands):

 

Oil and natural gas properties and equipment (1)

    $ 238,004   

Asset retirement obligations – current

      (7,250 ) 

Asset retirement obligations – non-current

      (23,086 ) 
  

 

 

  

Total cash paid

    $ 207,668   
  

 

 

  

 

(1) The allocation to unproved properties amounts is initially estimated at $13.1 million. Amounts recorded as unproved properties are excluded from the full cost pool and amortization base.
Summary of Pro Forma Financial Information
     (unaudited)  
     Three Months Ended
September 30,		      Nine Months Ended
September 30,		  
     2012     2011      2012      2011  

Revenue

    $ 216,954      $ 294,370       $ 739,766       $ 877,944   

Net income (loss)

      (640 )      62,404         59,879         165,363   

Basic and diluted earnings (loss) per common share

      (0.01 )      0.82         0.79         2.18