BUSINESS SEGMENTS

9 Months Ended

Sep. 30, 2011

BUSINESS SEGMENTS [Abstract]

Segment Reporting Disclosure [Text Block]

BUSINESS SEGMENTS

We separate our operating activities into two segments: natural gas and crude oil sales and natural gas marketing. All material inter-company accounts and transactions between segments have been eliminated.

The following tables present our segment information.

	Three Months Ended September 30,						Nine Months Ended September 30,
	2011			2010			2011			2010
	(in thousands)
Revenues:
Natural gas and crude oil sales	$	127,773		$	68,483		$	264,179		$	235,255
Natural gas marketing	17,209			18,337			51,308			53,613
Total	$	144,982		$	86,820		$	315,487		$	288,868
Segment income (loss) before income taxes:
Natural gas and crude oil sales	$	76,702		$	21,001		$	105,027		$	93,861
Natural gas marketing	(19		)	39			880			769
Unallocated	(23,867		)	(19,302		)	(76,901		)	(56,876		)
Total	$	52,816		$	1,738		$	29,006		$	37,754

	September 30, 2011		December 31, 2010
	(in thousands)
Segment assets:
Natural gas and crude oil sales	$	1,500,674	$	1,313,805
Natural gas marketing	10,329		16,338
Unallocated	80,352		53,701
Assets held for sale	—		5,191
Total	$	1,591,355	$	1,389,035