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Consolidated Statements Of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Revenues and other income:        
Oil and gas $ 641,737 $ 562,412 $ 1,360,693 $ 1,038,140
Interest and other 6,043 13,594 34,491 42,067
Derivative gains (losses), net 275,812 229,478 367,562 (14,954)
Gain (loss) on disposition of assets, net 1,140 (296) 44,736 (2,487)
Total revenues and other income 924,732 805,188 1,807,482 1,062,766
Costs and expenses:        
Oil and gas production 156,838 101,741 295,159 200,576
Production and ad valorem taxes 44,495 35,864 90,291 69,160
Depletion, depreciation and amortization 200,921 135,511 382,339 258,345
Impairment of oil and gas properties 444,880 0 444,880 0
Exploration and abandonments 37,178 19,732 90,465 37,216
General and administrative 54,957 44,339 118,024 88,250
Accretion of discount on asset retirement obligations 2,444 2,048 4,874 4,092
Interest 49,008 44,995 95,866 90,222
Hurricane activity, net 0 (2) 0 69
Other 30,651 12,053 54,258 29,914
Costs and expenses, Total 1,021,372 396,281 1,576,156 777,844
Income (loss) from continuing operations before income taxes (96,640) 408,907 231,326 284,922
Income tax benefit (provision) 45,086 (140,182) (72,617) (92,275)
Income (loss) from continuing operations (51,554) 268,725 158,709 192,647
Income (loss) from discontinued operations, net of tax 12,017 (3,025) 22,712 416,857
Net income (loss) (39,537) 265,700 181,421 609,504
Net income attributable to noncontrolling interests (30,855) (20,123) (37,194) (15,333)
Net income (loss) attributable to common stockholders (70,392) 245,577 144,227 594,171
Basic earnings per share:        
Income (loss) from continuing operations attributable to common stockholders $ (0.67) $ 2.10 $ 0.98 $ 1.50
Income (loss) from discontinued operations attributable to common stockholders $ 0.10 $ (0.03) $ 0.18 $ 3.53
Net income (loss) attributable to common stockholders $ (0.57) $ 2.07 $ 1.16 $ 5.03
Diluted earnings per share:        
Income (loss) from continuing operations attributable to common stockholders $ (0.67) $ 2.06 $ 0.95 $ 1.46
Income (loss) from discontinued operations attributable to common stockholders $ 0.10 $ (0.03) $ 0.18 $ 3.44
Net income (loss) attributable to common stockholders $ (0.57) $ 2.03 $ 1.13 $ 4.90
Weighted average shares outstanding:        
Basic 123,028 116,213 122,754 116,042
Diluted 123,028 118,592 125,772 118,986
Dividends declared per share $ 0.00 $ 0.00 $ 0.04 $ 0.04
Amounts attributable to common stockholders:        
Income (loss) from continuing operations (82,409) 248,602 121,515 177,314
Income (loss) from discontinued operations, net of tax 12,017 (3,025) 22,712 416,857
Net income (loss) $ (70,392) $ 245,577 $ 144,227 $ 594,171