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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Revenues    
Natural gas $ 14,886 $ 41,189
Crude oil 58,723 16,583
Natural gas liquids (NGLs) 9,071 9,921
Gain on sales of property and equipment, net 756 480
Other 975 410
Total revenues 84,411 68,583
Operating expenses    
Lease operating 9,143 10,277
Gathering, processing and transportation 4,154 4,028
Production and ad valorem taxes 3,580 5,064
General and administrative 12,141 13,352
Exploration 7,998 29,548
Depreciation, depletion and amortization 50,817 34,843
Total operating expenses 87,833 97,112
Operating loss (3,422) (28,529)
Other income (expense)    
Interest expense (14,774) (13,484)
Derivatives (305) 1,328
Other 1 144
Loss before income taxes (18,500) (40,541)
Income tax benefit 6,601 14,201
Net loss $ (11,899) $ (26,340)
Loss per share:    
Basic $ (0.26) $ (0.58)
Diluted $ (0.26) $ (0.58)
Weighted average shares outstanding, basic 45,945 45,687
Weighted average shares outstanding, diluted 45,945 45,687