Annual report pursuant to Section 13 and 15(d)

Consolidated Statements Of Income

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Consolidated Statements Of Income (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
Revenues $ 237,146 $ 185,946 $ 215,513 $ 235,886 $ 261,899 $ 245,371 $ 252,922 $ 210,855 $ 874,491 $ 971,047 $ 705,783
Operating costs and expenses:                      
Lease operating expenses                 232,260 219,206 169,670
Production taxes                 5,840 4,275 1,194
Gathering and transportation                 14,878 16,920 16,484
Depreciation, depletion and amortization                 336,177 299,015 268,415
Asset retirement obligation accretion                 20,055 29,771 25,685
General and administrative expenses                 82,017 74,296 53,290
Derivative (gain) loss                 13,954 (1,896) 4,256
Total costs and expenses                 705,181 641,587 538,994
Operating income 46,737 7,560 99,100 15,913 80,936 95,333 115,643 37,548 169,310 329,460 166,789
Interest expense:                      
Incurred                 63,268 52,393 43,101
Capitalized                 (13,274) (9,877) (5,395)
Loss on extinguishment of debt                    22,694   
Other income                 215 84 710
Income before income tax expense                 119,531 264,334 129,793
Income tax expense                 47,547 91,517 11,901
Net income $ 16,670 $ (1,471) $ 53,567 $ 3,218 $ 46,065 $ 52,928 $ 55,175 $ 18,649 $ 71,984 $ 172,817 $ 117,892
Basic and diluted earnings per common share $ 0.21 [1] $ (0.02) [1] $ 0.70 [1] $ 0.04 [1] $ 0.61 [1] $ 0.70 [1] $ 0.73 [1] $ 0.25 [1] $ 0.95 $ 2.29 $ 1.58
Weighted average common shares outstanding                 74,354 74,033 73,685
[1] The sum of the individual quarterly earnings per share may not agree with year-to-date earnings per share because each quarterly calculation is based on the income for that quarter and the weighted average number of shares outstanding during that quarter.