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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, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
REVENUES        
Oil and natural gas sales $ 274,715 $ 221,781 $ 541,487 $ 455,434
Electricity sales 9,513 5,860 17,102 11,840
Natural gas marketing 2,255 1,580 4,282 3,439
(Loss) gain on sale of assets 0 (163) 23 1,600
Interest and other income, net 374 645 849 1,392
TOTAL REVENUES 286,857 229,703 563,743 473,705
EXPENSES        
Operating costs—oil and natural gas production 91,277 62,426 177,425 116,647
Operating costs- electricity generation 6,337 4,256 11,633 9,273
Production taxes 11,004 9,690 21,788 20,348
Depreciation, depletion & amortization     138,749 100,903
Natural gas marketing 2,198 1,387 4,076 3,164
General and administrative 19,430 17,965 41,708 35,706
Interest 24,879 20,789 49,566 40,893
Dry hole, abandonment, impairment and exploration 872 1,582 1,834 4,621
Impairment of oil and natural gas properties 0 38 2,467 66
Extinguishment of debt 0 41,526 0 41,526
Realized and unrealized gain on derivatives, net (35,622) (113,082) (34,885) (84,601)
TOTAL EXPENSES 190,647 99,058 414,362 288,546
Earnings before income taxes 96,210 130,645 149,381 185,159
Income tax provision 34,846 49,629 55,583 70,245
Net earnings 61,364 81,016 93,798 114,914
Basic net earnings per share (in dollars per share) $ 1.11 $ 1.47 $ 1.69 $ 2.08
Diluted net earnings per share (in dollars per share) $ 1.10 $ 1.46 $ 1.68 $ 2.07
Dividends per share (in dollars per share) $ 0.08 $ 0.08 $ 0.16 $ 0.16
Oil and Natural Gas Properties, Buildings, and Equipment
       
EXPENSES        
Depreciation, depletion & amortization 69,839 52,026 137,923 99,982
Electricity Generation
       
EXPENSES        
Depreciation, depletion & amortization $ 433 $ 455 $ 827 $ 921