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Condensed 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        
Oil and natural gas sales $ 232,916 $ 225,325 $ 688,350 $ 643,474
Electricity sales 9,514 9,826 21,354 24,202
Natural gas marketing 1,939 3,612 5,378 11,282
Gain on sale of assets 170 0 1,770 0
Other income 286 463 1,678 1,394
TOTAL REVENUES 244,825 239,226 718,530 680,352
EXPENSES        
Operating costs—oil and natural gas production 70,778 61,979 187,491 177,842
Operating costs- electricity generation 4,727 6,965 14,000 19,969
Production taxes 9,700 9,185 30,048 24,926
Depreciation, depletion & amortization     160,251 160,136
Natural gas marketing 1,753 3,285 4,917 10,475
General and administrative 17,767 14,922 53,473 47,123
Interest 20,572 19,928 61,446 53,295
Impairment of oil and natural gas properties 0 0 67 0
Dry hole, abandonment, impairment and exploration 2,729 196 7,283 619
Gain on purchase 0 0 0 (1,046)
Extinguishment of debt 0 14,391 41,545 14,391
Realized and unrealized loss (gain) on derivatives, net 28,287 (162,145) (56,314) (126,437)
TOTAL EXPENSES 215,661 23,774 504,207 381,293
Earnings before income taxes 29,164 215,452 214,323 299,059
Income tax provision 11,038 81,451 81,283 112,389
Net earnings 18,126 134,001 133,040 186,670
Basic net earnings per share (in dollars per share) $ 0.33 $ 2.45 $ 2.41 $ 3.42
Diluted net earnings per share (in dollars per share) $ 0.33 $ 2.42 $ 2.39 $ 3.38
Dividends per share (in dollars per share) $ 0.08 $ 0.08 $ 0.24 $ 0.23
Oil and Natural Gas Properties, Buildings, and Equipment
       
EXPENSES        
Depreciation, depletion & amortization 58,887 54,581 158,869 158,657
Electricity Generation
       
EXPENSES        
Depreciation, depletion & amortization $ 461 $ 487 $ 1,382 $ 1,479