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Condensed 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        
Oil and natural gas sales $ 221,781 $ 230,760 $ 455,434 $ 418,149
Electricity sales 5,860 7,964 11,840 14,376
Natural gas marketing 1,580 3,985 3,439 7,670
(Loss) gain on sale of assets (163) 0 1,600 0
Other Income 645 803 1,392 931
TOTAL REVENUES 229,703 243,512 473,705 441,126
EXPENSES        
Operating costs—oil and natural gas production 62,461 58,780 116,713 115,863
Operating costs- electricity generation 4,256 6,891 9,273 13,004
Production taxes 9,690 8,350 20,348 15,741
Depreciation, depletion & amortization     100,903 105,068
Natural gas marketing 1,387 3,674 3,164 7,190
General and administrative 17,965 15,910 35,706 32,201
Interest 20,789 17,712 40,893 33,367
Impairment of oil and natural gas properties 38 0 66 0
Dry hole, abandonment, impairment and exploration 1,547 310 4,555 423
Gain on purchase 0 0 0 (1,046)
Extinguishment of debt 41,526 0 41,526 0
Realized and unrealized (gain) loss on derivatives, net (113,082) (91,808) (84,601) 35,708
TOTAL EXPENSES 99,058 72,277 288,546 357,519
Earnings before income taxes 130,645 171,235 185,159 83,607
Income tax provision 49,629 66,069 70,245 30,938
Net earnings 81,016 105,166 114,914 52,669
Basic net earnings per share (in dollars per share) $ 1.47 $ 1.93 $ 2.08 $ 0.97
Diluted net earnings per share (in dollars per share) $ 1.46 $ 1.90 $ 2.07 $ 0.95
Dividends per share (in dollars per share) $ 0.080 $ 0.075 $ 0.160 $ 0.150
Oil and Natural Gas Properties, Buildings, and Equipment
       
EXPENSES        
Depreciation, depletion & amortization 52,026 51,967 99,982 104,076
Electricity Generation
       
EXPENSES        
Depreciation, depletion & amortization $ 455 $ 491 $ 921 $ 992