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Condensed Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
REVENUES    
Sales of oil and natural gas $ 233,653 $ 187,389
Sales of electricity 5,980 6,412
Natural gas marketing 1,859 3,685
Gain on sale of assets 1,763 0
Interest and other income, net 747 128
TOTAL REVENUES 244,002 197,614
EXPENSES    
Operating costs—oil and natural gas production 54,252 57,083
Operating costs- electricity generation 5,017 6,113
Production taxes 10,658 7,391
Depreciation, depletion & amortization- oil and natural gas production 47,956 52,109
Depreciation, depletion & amortization- electricity generation 466 501
Natural gas marketing 1,777 3,516
General and administrative 17,741 16,291
Interest 20,104 15,655
Dry hole abandonment impairment and exploration 3,036 113
Gain on purchase 0 (1,046)
Realized and unrealized loss on derivatives, net 28,481 127,516
TOTAL EXPENSES 189,488 285,242
Earnings (loss) before income taxes 54,514 (87,628)
Income tax provision (benefit) 20,616 (35,131)
Net earnings (loss) $ 33,898 $ (52,497)
Basic net earnings (loss) per share (in dollars per share) $ 0.62 $ (0.98)
Diluted net earnings (loss) per share (in dollars per share) $ 0.61 $ (0.98)
Dividends per share (in dollars per share) $ 0.080 $ 0.075