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Consolidated Statements of Income and Comprehensive Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Net Operating Revenues    
Crude Oil and Condensate $ 1,310,335 $ 757,362
Natural Gas Liquids 198,310 148,727
Natural Gas 367,284 583,919
Gains (Losses) on Mark-to-Market Commodity Derivative Contracts 134,208 (66,746)
Gathering, Processing and Marketing 718,157 395,583
Gains on Asset Dispositions, Net 67,468 71,742
Other, Net 10,889 6,519
Total 2,806,651 1,897,106
Operating Expenses    
Lease and Well 261,495 215,089
Transportation Costs 131,842 97,633
Gathering and Processing Costs 25,592 19,196
Exploration Costs 42,807 50,909
Dry Hole Costs 0 22,951
Impairments 133,147 89,328
Marketing Costs 705,468 385,409
Depreciation, Depletion and Amortization 748,743 568,226
General and Administrative 76,269 70,037
Taxes Other Than Income 121,516 105,877
Total 2,246,879 1,624,655
Operating Income 559,772 272,451
Other Income, Net 10,631 3,604
Income Before Interest Expense and Income Taxes 570,403 276,055
Interest Expense    
Interest Expense, Net 50,269 50,333
Income Before Income Taxes 520,134 225,722
Income Tax Provision 196,125 91,749
Net Income 324,009 133,973
Net Income Per Share Available to Common Stockholders    
Basic $ 1.22 $ 0.52
Diluted $ 1.20 $ 0.52
Dividends Declared per Common Share $ 0.17 $ 0.16
Average Number of Common Shares    
Basic 266,674 255,200
Diluted 270,242 258,819
Quarterly cash dividend $ 0.17 $ 0.16
Comprehensive Income    
Net Income 324,009 133,973
Other Comprehensive Income (Loss)    
Foreign Currency Translation Adjustments 26,525 43,842
Foreign Currency Swap 2,061 659
Income Tax Related to Foreign Currency Swap (527) (164)
Interest Rate Swap (595) 1,604
Income Tax Related to Interest Rate Swap 214 (578)
Other 27 30
Other Comprehensive Income 27,705 45,393
Comprehensive Income $ 351,714 $ 179,366