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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Revenues        
Natural gas $ 11,909 $ 34,171 $ 37,098 $ 113,660
Crude oil 56,995 37,147 174,100 75,278
Natural gas liquids (NGLs) 6,671 10,676 23,298 33,758
Gain on sales of property and equipment, net 1,573 71 2,407 523
Other 551 1,288 2,052 2,335
Total revenues 77,699 83,353 238,955 225,554
Operating expenses        
Lease operating 6,206 8,458 24,613 29,522
Gathering, processing and transportation 3,127 2,952 11,672 11,261
Production and ad valorem taxes 4,589 3,391 7,915 11,289
General and administrative 11,634 12,635 35,522 38,941
Exploration 9,265 19,303 26,647 68,219
Depreciation, depletion and amortization 49,331 45,345 151,888 113,224
Impairments 700 0 29,316 71,071
Loss on long-term purchase commitment 17,332 0 17,332 0
Other 0 300 0 300
Total operating expenses 102,184 92,384 304,905 343,827
Operating loss (24,485) (9,031) (65,950) (118,273)
Other income (expense)        
Interest expense (14,979) (14,206) (44,837) (41,833)
Loss on extinguishment of debt (3,144) (1,165) (3,144) (25,403)
Derivatives (12,271) 11,498 31,250 19,827
Other 60 61 89 334
Loss before income taxes (54,819) (12,843) (82,592) (165,348)
Income tax benefit 22,208 6,125 32,444 60,372
Net loss $ (32,611) $ (6,718) $ (50,148) $ (104,976)
Loss per share:        
Basic $ (0.71) $ (0.15) $ (1.09) $ (2.29)
Diluted $ (0.71) $ (0.15) $ (1.09) $ (2.29)
Weighted average shares outstanding, basic 46,050 45,817 46,009 45,758
Weighted average shares outstanding, diluted 46,050 45,817 46,009 45,758