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Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
REVENUES      
Oil and natural gas sales $ 937,261 $ 870,773 $ 619,608
Electricity sales 29,940 34,953 34,740
Natural gas marketing 7,631 13,832 22,162
Settlement of Flying J bankruptcy claim 0 0 21,992
Gain on sale of assets 1,782 0 0
Interest and other income, net 1,985 1,784 3,300
TOTAL REVENUES 978,599 921,342 701,802
EXPENSES      
Operating costs - oil and gas production 272,180 237,296 189,809
Operating costs- electricity generation 19,975 25,690 31,295
Production taxes 39,374 33,617 22,999
Depreciation, depletion & amortization 227,700 215,822 182,657
Natural gas marketing 6,873 13,038 19,896
General and administrative 71,766 61,727 52,846
Interest 83,136 72,807 66,541
Extinguishment of debt 41,545 15,544 573
Realized and unrealized (gain) loss on derivatives, net (64,620) (13,908) 31,847
Gain on purchase 0 (1,046) 0
Transaction costs on acquisitions 0 0 2,635
Bad debt recovery 0 0 (38,508)
Impairment of oil and natural gas properties 79 625,564 0
Dry hole, abandonment, impairment and exploration 20,931 5,482 2,720
TOTAL EXPENSES 718,939 1,291,633 565,310
Earnings before income taxes 259,660 (370,291) 136,492
Income tax provision (benefit) 88,121 (142,228) 53,968
Net earnings (loss) 171,539 (228,063) 82,524
Basic net earnings (loss) per share $ 3.11 [1],[2] $ (4.21) [1],[2] $ 1.54
Diluted net earnings (loss) per share $ 3.09 [1],[2] $ (4.21) [1],[2] $ 1.52
Dividends per share $ 0.32 $ 0.31 $ 0.30
Electricity Generation
     
EXPENSES      
Depreciation, depletion & amortization 1,808 1,963 3,225
Oil and Natural Gas Properties, Buildings, and Equipment
     
EXPENSES      
Depreciation, depletion & amortization $ 225,892 $ 213,859 $ 179,432
[1] (4)The sum of the individual quarterly net earnings (loss) per common share amounts may not agree with year-to-date net earnings (loss) 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 earnings (loss) per common share for each quarter in which the Company reported net earnings.
[2] (3)Due to the volatility of commodity prices, the estimated fair value of the Company's commodity derivative instruments is subject to fluctuations. As a result, the Company may recognize significant unrealized gains and losses (non-cash changes in fair value) on commodity derivative instruments from period to period.