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Condensed Statements of Operations (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
REVENUES        
Sales of oil and gas $ 230,760 $ 151,525 $ 418,149 $ 299,332
Sales of electricity 7,964 7,928 14,376 17,861
Gas marketing 3,985 5,004 7,670 13,276
Settlement of Flying J bankruptcy claim   21,992   21,992
Interest and other income, net 803 1,796 931 1,960
TOTAL REVENUES 243,512 188,245 441,126 354,421
EXPENSES        
Operating costs - oil and gas production 58,780 46,452 115,863 93,488
Operating costs - electricity generation 6,891 7,839 13,004 17,509
Production taxes 8,350 5,064 15,741 10,269
Depreciation, depletion & amortization - oil and gas production 51,967 43,703 104,076 79,609
Depreciation, depletion & amortization - electricity generation 491 793 992 1,588
Gas marketing 3,674 4,357 7,190 12,142
General and administrative 15,910 12,155 32,201 25,990
Interest 17,712 16,340 33,367 33,788
Realized and unrealized (gain) loss on derivatives, net (91,808) (56,057) 35,708 (57,661)
Gain on purchase     (1,046)  
Transaction costs on acquisitions   1,908   2,635
Dry hole, abandonment, impairment and exploration 310 266 423 1,636
Bad debt recovery   (38,508)   (38,508)
TOTAL EXPENSES 72,277 44,312 357,519 182,485
Earnings before income taxes 171,235 143,933 83,607 171,936
Income tax provision 66,069 54,910 30,938 65,244
Net earnings $ 105,166 $ 89,023 $ 52,669 $ 106,692
Basic net earnings per share (in dollars per share) $ 1.93 $ 1.65 $ 0.97 $ 2.01
Diluted net earnings per share (in dollars per share) $ 1.90 $ 1.64 $ 0.95 $ 2.00
Dividends per share (in dollars per share) $ 0.075 $ 0.075 $ 0.15 $ 0.15