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Consolidated Statement of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Revenues:      
Natural gas sales $ 982,413 $ 886,396 $ 601,023
Oil sales 119,383 92,990 65,739
Total operating revenues 1,101,796 979,386 666,762
Expenses:      
Lease operating expenses 51,758 45,938 40,679
Production taxes 97,094 95,914 66,970
Gathering fees 56,511 50,126 45,155
Transportation charges 64,243 64,965 58,011
Depletion and depreciation 346,394 241,796 201,826
Write-down of proved oil and gas properties 0 0 1,037,000
General and Administrative Expense 26,032 24,351 19,772
Total operating expenses 642,032 523,090 1,469,413
Operating income (loss) 459,764 456,296 (802,651)
Other income (expense), net:      
Interest expense (63,156) (49,032) (37,167)
(Loss) gain on commodity derivatives 313,732 325,452 146,517
Litigation expense 0 (9,902) 0
Other income (expense) net 532 260 (2,888)
Total other income (expense), net 251,108 266,778 106,462
(Loss) income before income tax (benefit) provision 710,872 723,074 (696,189)
Income tax (benefit) provision 257,670 258,615 (245,136)
Net (loss) income $ 453,202 $ 464,459 $ (451,053)
Basic (Loss) Earnings per Share:      
Net (loss) income per common share - basic $ 2.97 $ 3.05 $ (2.98)
Fully Diluted Earnings per Share:      
Net (loss) income per common share - fully diluted $ 2.94 $ 3.01 $ (2.98)
Weighted average common shares outstanding - basic 152,754 152,346 151,367
Weighted average common shares outstanding - fully diluted 154,336 154,253 151,367