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Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Revenues and other income    
Natural gas, NGL and oil sales$ 271,799$ 187,757$ 755,367$ 548,583
Transportation and gathering816(1,640)881,104
Derivative fair value income65,7629,98177,96758,860
Gain (loss) on the sale of assets20367(1,280)78,156
Other(375)(1,010)268(1,948)
Total revenues and other income338,205195,155832,410684,755
Costs and expenses    
Direct operating29,82825,53587,05468,542
Production and ad valorem taxes7,3176,90321,74619,108
Exploration17,60615,22556,38543,784
Abandonment and impairment of unproved properties16,62714,43552,06430,713
General and administrative35,90736,523108,986100,529
Termination costs   7,938
Deferred compensation plan8,717(5,347)33,569(25,194)
Interest expense34,18123,36390,34365,565
Loss on early extinguishment of debt(4)5,35118,5765,351
Depletion, depreciation and amortization93,61969,730244,129202,350
Impairment of proved properties38,681 38,6816,505
Total costs and expenses282,479191,718751,533525,191
Income from continuing operations before income taxes55,7263,43780,877159,564
Income tax expense (benefit)    
Current(7)(10)1(10)
Deferred22,54779435,34561,569
Total income tax expense22,54078435,34661,559
Income from continuing operations33,1862,65345,53198,005
Discontinued operations, net of taxes1,569(10,821)15,484(19,542)
Net income (loss)$ 34,755$ (8,168)$ 61,015$ 78,463
Income (loss) per common share    
Basic-income from continuing operations$ 0.21$ 0.02$ 0.28$ 0.61
-discontinued operations$ 0.01$ (0.07)$ 0.10$ (0.12)
-net income (loss)$ 0.22$ (0.05)$ 0.38$ 0.49
Diluted-income from continuing operations$ 0.20$ 0.02$ 0.28$ 0.61
-discontinued operations$ 0.01$ (0.07)$ 0.10$ (0.12)
-net income (loss)$ 0.21$ (0.05)$ 0.38$ 0.49
Dividends per common share$ 0.04$ 0.04$ 0.12$ 0.12
Weighted average common shares outstanding    
Basic158,154157,109157,901156,777
Diluted159,322158,184158,939158,493