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Consolidated Statement of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Revenues:      
Natural gas sales $ 695,733 $ 982,413 $ 886,396
Oil sales 114,241 119,383 92,990
Total operating revenues 809,974 1,101,796 979,386
Expenses:      
Lease operating expenses 64,468 51,758 45,938
Production taxes 60,757 97,094 95,914
Gathering fees 59,004 56,511 50,126
Transportation charges 84,470 64,243 64,965
Depletion and depreciation 388,985 346,394 241,796
Ceiling test and other impairments 2,972,464 0 0
General and Administrative Expense 25,104 26,032 24,351
Total operating expenses 3,655,252 642,032 523,090
Operating income (loss) (2,845,278) 459,764 456,296
Other income (expense), net:      
Interest expense (88,180) (63,156) (49,032)
Gain (loss) on commodity derivatives 73,581 313,732 325,452
Contract Cancellation Fees (15,469) 0 0
Litigation expense 0 0 (9,902)
Other income (expense) net (1,765) 532 260
Total other income (expense), net (31,833) 251,108 266,778
(Loss) income before income tax (benefit) provision (2,877,111) 710,872 723,074
Income tax (benefit) provision (700,213) 257,670 258,615
Net (loss) income $ (2,176,898) $ 453,202 $ 464,459
Basic (Loss) Earnings per Share:      
Net (loss) income per common share - basic $ (14.24) $ 2.97 $ 3.05
Fully Diluted Earnings per Share:      
Net (loss) income per common share - fully diluted $ (14.24) $ 2.94 $ 3.01
Weighted average common shares outstanding - basic 152,845 152,754 152,346
Weighted average common shares outstanding - fully diluted 152,845 154,336 154,253