XML 44 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Revenues        
Natural gas $ 10,303 $ 38,300 $ 25,189 $ 79,489
Crude oil 58,382 21,548 117,105 38,131
Natural gas liquids (NGLs) 7,556 13,161 16,627 23,082
Gain on sales of property and equipment, net 78 (28) 834 452
Other 526 637 1,501 1,047
Total revenues 76,845 73,618 161,256 142,201
Operating expenses        
Lease operating 9,264 10,787 18,407 21,064
Gathering, processing and transportation 4,391 4,281 8,545 8,309
Production and ad valorem taxes (254) 2,834 3,326 7,898
General and administrative 11,747 12,954 23,888 26,306
Exploration 9,384 19,368 17,382 48,916
Depreciation, depletion and amortization 51,740 33,036 102,557 67,879
Impairments 28,616 71,071 28,616 71,071
Total operating expenses 114,888 154,331 202,721 251,443
Operating loss (38,043) (80,713) (41,465) (109,242)
Other income (expense)        
Interest expense (15,084) (14,143) (29,858) (27,627)
Loss on extinguishment of debt 0 (24,238) 0 (24,238)
Derivatives 43,826 7,001 43,521 8,329
Other 28 129 29 273
Loss before income taxes (9,273) (111,964) (27,773) (152,505)
Income tax benefit 3,635 40,046 10,236 54,247
Net loss $ (5,638) $ (71,918) $ (17,537) $ (98,258)
Loss per share:        
Basic $ (0.12) $ (1.57) $ (0.38) $ (2.15)
Diluted $ (0.12) $ (1.57) $ (0.38) $ (2.15)
Weighted average shares outstanding, basic 46,030 45,768 45,988 45,724
Weighted average shares outstanding, diluted 46,030 45,768 45,988 45,724