XML 15 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (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
Revenues:        
Oil, natural gas, and natural gas liquids sales $ 116,786 $ 135,694 $ 234,828 $ 294,595
Interest and other 28 37 160 69
Total revenues 116,814 135,731 234,988 294,664
Costs, expenses, and other:        
Lease operating expenses 19,167 27,134 40,371 54,741
Production and property taxes 5,029 6,940 7,245 18,093
Transportation and processing costs 3,098 3,615 6,378 7,587
General and administrative 13,114 16,421 33,128 31,805
Depreciation, depletion, and amortization 43,804 72,987 92,347 139,957
Ceiling test write-down of oil and natural gas properties 0 348,976 0 383,793
Interest expense 29,392 34,317 65,520 67,709
Realized and unrealized gains on derivative instruments, net (31,610) (34,015) (6,030) (63,539)
Other, net 1,593 3,455 30,413 30,375
Total costs, expenses, and other 83,587 479,830 269,372 670,521
Earnings (loss) before income taxes 33,227 (344,099) (34,384) (375,857)
Income tax (benefit) expense (212) 167,074 125 167,989
Net earnings (loss) $ 33,439 $ (511,173) $ (34,509) $ (543,846)
Basic earnings (loss) per common share (in dollars per share) $ 0.28 $ (4.44) $ (0.30) $ (4.75)
Diluted earnings (loss) per common share (in dollars per share) $ 0.28 $ (4.44) $ (0.30) $ (4.75)