XML 79 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS 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 and other income:      
Oil and gas revenue $ 667,951 $ 666,912  
Interest income 1,108 9,093 4,231
Other income 3,150 775 5,109
Total revenues and other income 672,209 676,780 9,340
Costs and expenses:      
Oil and gas production 95,109 83,551  
Exploration expenses 97,712 126,409 73,126
General and administrative 160,027 113,579 98,967
Depletion and depreciation 185,707 140,469 2,423
Amortization-deferred financing costs 8,984 16,193 28,827
Interest expense 52,207 65,749 59,582
Derivatives, net 31,490 11,777 28,319
Loss on extinguishment of debt 5,342 59,643  
Doubtful accounts expense   (39,782) 39,782
Other expenses, net 1,475 149 1,094
Total costs and expenses 638,053 577,737 332,120
Income (loss) before income taxes 34,156 99,043 (322,780)
Income tax expense (benefit) 101,184 76,686 (77,108)
Net income (loss) (67,028) 22,357 (245,672)
Accretion to redemption value of convertible preferred units   (24,442) (77,313)
Net loss attributable to common shareholders/unit holders $ (67,028) $ (2,085) $ (322,985)
Net income (loss) per share attributable to common shareholders (the year ended December 31, 2011 represents the period from May 16, 2011 to December 31, 2011) (Note 16):      
Basic (in dollars per share) $ (0.18)    
Diluted (in dollars per share) $ (0.18)    
Weighted average number of shares used to compute net income (loss) per share (the year ended December 31, 2011 represents the period from May 16, 2011 to December 31, 2011) (Note 16):      
Basic (in shares) 371,847    
Diluted (in shares) 371,847