XML 27 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Revenues:    
Natural gas, NGL and crude oil sales $ 75,310 $ 58,810
Sales from natural gas marketing 11,834 15,202
Commodity price risk management gain, net 11,501 (23,882)
Well operations, pipeline income and other 1,701 1,843
Total revenues 100,346 51,973
Costs, expenses and other:    
Production costs 19,189 18,472
Cost of natural gas marketing 11,492 14,993
Exploration expense 2,063 1,669
Impairment of natural gas and crude oil properties 653 453
General and administrative expense 14,708 13,873
Depreciation, depletion and amortization 39,814 30,985
Gain on sale of properties and equipment (154) 0
Total costs, expenses and other 87,765 80,445
Income from operations 12,581 (28,472)
Interest income 2 9
Interest expense (10,444) (9,062)
Income from continuing operations before income taxes 2,139 (37,525)
Provision (benefit) for income taxes 759 (14,278)
Income from continuing operations 1,380 (23,247)
Income (loss) from discontinued operations, net of tax 14,455 3,323
Net income attributable to shareholders $ 15,835 $ (19,924)
Basic    
Income from continuing operations $ 0.06 $ (0.99)
Income (loss) from discontinued operations $ 0.61 $ 0.14
Net income attributable to shareholders $ 0.67 $ (0.85)
Diluted    
Income from continuing operations $ 0.06 $ (0.99)
Income (loss) from discontinued operations $ 0.60 $ 0.14
Net income attributable to shareholders $ 0.66 $ (0.85)
Weighted average common shares outstanding    
Basic 23,609 23,428
Diluted 23,889 23,428