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Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
REVENUES      
Sales of oil and natural gas $ 870,773 $ 619,608 $ 500,532
Sales of electricity 34,953 34,740 36,065
Natural gas marketing 13,832 22,162 22,806
Settlement of Flying J bankruptcy claim 0 21,992 0
Gain on sale of assets 0 0 826
Interest and other income, net 1,784 3,300 1,810
TOTAL REVENUES 921,342 701,802 562,039
EXPENSES      
Operating costs- oil and natural gas production 237,476 190,218 156,612
Operating costs- electricity generation 25,690 31,295 31,400
Production taxes 33,617 22,999 18,144
Depreciation, depletion & amortization- oil and natural gas production 213,859 179,432 139,919
Depreciation, depletion & amortization- electricity generation 1,963 3,225 3,681
Natural gas marketing 13,038 19,896 21,231
General and administrative 61,727 52,846 49,237
Interest 72,807 66,541 49,923
Extinguishment of debt 15,544 573 10,823
Realized and unrealized (gain) loss on derivatives, net (13,908) 31,847 7,756
Gain on purchase (1,046) 0 0
Transaction costs on acquisitions 0 2,635 0
Impairment of oil and natural gas properties 625,564 0 1,017
Dry hole, abandonment, impairment and exploration 5,302 2,311 4,408
Bad debt recovery 0 (38,508) 0
TOTAL EXPENSES 1,291,633 565,310 494,151
(Loss) earnings from continuing operations before income taxes (370,291) 136,492 67,888
Income tax (benefit) provision (142,228) 53,968 20,664
Net (loss) earnings from continuing operations (228,063) 82,524 47,224
Net earnings from discontinued operations 0 0 6,806
Net (loss) earnings $ (228,063) $ 82,524 $ 54,030
Basic net (loss) earnings per share from continuing operations (in dollars per share) $ (4.21) $ 1.54 $ 1.03
Basic net earnings per share from discontinued operations (in dollars per share) $ 0.00 $ 0.00 $ 0.15
Basic net (loss) earnings per share (in dollars per share) $ (4.21) [1] $ 1.54 [1] $ 1.18
Diluted net (loss) earnings per share from continuing operations (in dollars per share) $ (4.21) $ 1.52 $ 1.02
Diluted net earnings per share from discontinued operations (in dollars per share) $ 0.00 $ 0.00 $ 0.15
Diluted net (loss) earnings per share (in dollars per share) $ (4.21) [1] $ 1.52 [1] $ 1.17
Dividends per share (in dollars per share) $ 0.31 $ 0.30 $ 0.30
[1] The sum of the individual quarterly net (loss) earnings per common share amounts may not agree with year-to-date net (loss) earnings per common share as each quarterly computation is based on the weighted-average number of common shares outstanding during that period. Potentially dilutive securities were included in the computation of diluted net (loss) earnings per common share for each quarter in which the Company reported net