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Condensed Consolidated Statements Of Income (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:        
Contract drilling $ 115,183 $ 72,061 $ 213,171 $ 132,915
Oil and natural gas 131,662 91,136 241,496 190,189
Gas gathering and processing 44,368 36,344 84,132 77,479
Other income, net 282 5,062 101 10,570
Total revenues 291,495 204,603 538,900 411,153
Contract drilling:        
Operating costs 64,238 46,541 117,082 87,441
Depreciation 19,218 16,445 36,515 30,231
Oil and natural gas:        
Operating costs 33,417 23,817 64,198 48,851
Depreciation, depletion and amortization 44,550 26,319 84,818 51,655
Gas gathering and processing:        
Operating costs 36,789 28,938 65,844 61,664
Depreciation and amortization 3,837 3,982 7,610 7,923
General and administrative 7,496 6,456 14,388 12,735
Interest, net 673 0 727 0
Total operating expenses 210,218 152,498 391,182 300,500
Income before income taxes 81,277 52,105 147,718 110,653
Income tax expense:        
Current 0 3,825 0 6,065
Deferred 31,458 16,105 56,872 36,260
Total income taxes 31,458 19,930 56,872 42,325
Net income $ 49,819 $ 32,175 $ 90,846 $ 68,328
Net income per common share:        
Basic $ 1.05 $ 0.68 $ 1.91 $ 1.45
Diluted $ 1.04 $ 0.68 $ 1.89 $ 1.43