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Consolidated Statements Of Operations (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
OIL AND GAS REVENUES $ 134,224 $ 83,818 $ 246,125 $ 164,533
COSTS AND EXPENSES        
Lease operating 11,797 7,031 21,992 15,454
Production tax 4,584 3,128 9,097 6,227
Ad valorem tax 2,863 2,296 4,723 5,911
Depreciation, depletion and amortization 50,408 43,380 95,998 74,941
General and administrative (inclusive of stock-based compensation expense of $2,983 and $1,516 for the three months ended June 30, 2013 and 2012, respectively, and $9,466 and $5,532 for the six months ended June 30, 2013 and 2012, respectively) 17,834 13,085 34,007 24,620
Accretion related to asset retirement obligations 120 92 227 194
TOTAL COSTS AND EXPENSES 87,606 69,012 166,044 127,347
OPERATING INCOME 46,618 14,806 80,081 37,186
OTHER INCOME AND EXPENSES        
Gain (loss) on derivative instruments, net 25,726 37,890 11,172 41,693
Interest expense (21,519) (16,767) (43,271) (33,224)
Capitalized interest 7,530 6,011 14,306 12,034
Other income, net 27 22 67 234
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 58,382 41,962 62,355 57,923
INCOME TAX EXPENSE (22,545) (16,279) (23,994) (21,564)
NET INCOME FROM CONTINUING OPERATIONS 35,837 25,683 38,361 36,359
NET INCOME FROM DISCONTINUED OPERATIONS, NET OF INCOME TAXES 1,132 2,821 24,790 1,568
NET INCOME $ 36,969 $ 28,504 $ 63,151 $ 37,927
NET INCOME PER COMMON SHARE - BASIC        
Net income from continuing operations - basic (in dollars per share) $ 0.89 $ 0.65 $ 0.96 $ 0.92
Net income from discontinued operations - basic (in dollars per share) $ 0.03 $ 0.07 $ 0.62 $ 0.04
Net income per share, basic (in dollars per share) $ 0.92 $ 0.72 $ 1.58 $ 0.96
NET INCOME PER COMMON SHARE - DILUTED        
Net income from continuing operations - diluted (in dollars per share) $ 0.88 $ 0.64 $ 0.95 $ 0.91
Net income from discontinued operations - diluted (in dollars per share) $ 0.03 $ 0.07 $ 0.61 $ 0.04
Net income per share, diluted (in dollars per share) $ 0.91 $ 0.71 $ 1.56 $ 0.95
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING        
Basic (in shares) 40,078 39,596 39,928 39,520
Diluted (in shares) 40,610 40,042 40,469 39,987