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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
Income Statement [Abstract]        
OIL AND GAS REVENUES $ 83,818 $ 50,672 $ 164,533 $ 94,730
COSTS AND EXPENSES        
Lease operating 7,031 7,427 15,454 14,093
Production tax 3,128 1,466 6,227 2,407
Ad valorem tax 2,296 981 5,911 1,672
Depreciation, depletion and amortization 43,380 20,595 74,941 37,271
General and administrative (inclusive of stock-based compensation expense of $1,516 and $6,805 for the three months ended June 30, 2012 and 2011, respectively, and $5,532 and $10,655 for the six months ended June 30, 2012 and 2011, respectively) 13,094 14,094 24,632 23,339
Accretion related to asset retirement obligations 170 71 348 145
TOTAL COSTS AND EXPENSES 69,099 44,634 127,513 78,927
OPERATING INCOME 14,719 6,038 37,020 15,803
OTHER INCOME AND EXPENSES        
Gain (loss) on derivative instruments, net 38,247 12,065 41,285 11,878
Loss on extinguishment of debt 0 0 0 (897)
Interest expense (17,686) (12,407) (35,022) (24,615)
Capitalized interest 7,809 5,649 13,832 10,909
Other income (expense), net 225 (1) (360) 61
INCOME BEFORE INCOME TAXES 43,314 11,344 56,755 13,139
INCOME TAX EXPENSE (14,810) (3,602) (18,828) (4,662)
NET INCOME $ 28,504 $ 7,742 $ 37,927 $ 8,477
NET INCOME PER COMMON SHARE        
Basic (in dollars per share) $ 0.72 $ 0.20 $ 0.96 $ 0.22
Diluted (in dollars per share) $ 0.71 $ 0.20 $ 0.95 $ 0.21
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING        
Basic (in shares) 39,596 38,898 39,520 38,841
Diluted (in shares) 40,042 39,497 39,987 39,450