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Segment Information
 6 Months Ended
Jun. 30, 2011
Segment Reporting [Abstract]  
Segment Information
SEGMENT INFORMATION
 
The Company principally is engaged in two business segments: the development, acquisition, exploration and production of oil and gas in the continental United States (oil and gas operations) and the purchase, distribution and sale of natural gas in central and north Alabama (natural gas distribution).


 
Three months ended
 
Six months ended
 
June 30,
 
June 30,
(in thousands)
2011
2010
 
2011
2010
Operating revenues
 
 
 
 
 
Oil and gas operations
$
244,090


$
234,586


 
$
460,882


$
472,200


Natural gas distribution
86,309


99,139


 
355,881


436,439


Total
$
330,399


$
333,725


 
$
816,763


$
908,639


Operating income (loss)
 
 
 
 
 
Oil and gas operations
$
105,418


$
95,456


 
$
190,477


$
212,741


Natural gas distribution
1,163


3,138


 
76,222


78,393


Eliminations and corporate expenses
(246
)
(301
)
 
(483
)
(643
)
Total
$
106,335


$
98,293


 
$
266,216


$
290,491


Other income (expense)
 
 
 
 
 
Oil and gas operations
$
(5,822
)
$
(6,555
)
 
$
(11,269
)
$
(12,426
)
Natural gas distribution
(3,040
)
(3,702
)
 
(5,953
)
(6,763
)
Eliminations and other
65


(548
)
 
88


(762
)
Total
$
(8,797
)
$
(10,805
)
 
$
(17,134
)
$
(19,951
)
Income before income taxes
$
97,538


$
87,488


 
$
249,082


$
270,540




(in thousands)
June 30, 2011
December 31, 2010


Identifiable assets
 
 
Oil and gas operations
$
3,404,189


$
3,160,601


Natural gas distribution
1,070,831


1,166,899


Eliminations and other
36,374


36,060


Total
$
4,511,394


$
4,363,560