XML 43 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Operating revenues and other income:        
Oil, gas, and NGL production revenue $ 373,928 $ 325,231 $ 1,049,131 $ 935,478
Gain (Loss) on Derivative Instruments, Net, Pretax 501 (6,843) 2,338 (14,548)
Gain on divestiture activity (note 3) (8,532) 190,728 (31,246) 245,662
Marketed gas system and other operating revenue 13,054 21,458 40,571 57,184
Total operating revenues and other income 378,951 530,574 1,060,794 1,223,776
Operating expenses:        
Oil and Gas Production Expense 102,447 77,753 280,713 196,907
Depletion, depreciation, amortization, and asset retirement obligation liability accretion 192,432 123,067 523,610 343,805
Exploration 25,417 11,272 66,031 33,587
Impairment of proved properties 0 48,525 38,523 48,525
Abandonment and impairment of unproved properties 447 0 11,296 4,316
General and administrative 32,171 29,787 91,443 82,958
Change in Net Profits Plan liability (note 7) 798 (24,930) (17,342) (24,719)
Unrealized and Realized Derivative (Gain) Loss 55,856 (128,425) (40,040) (83,872)
Gas Gathering, Transportation, Marketing and Processing Costs 12,219 20,737 40,780 57,746
Total operating expenses 421,787 157,786 995,014 659,253
Income from operations (42,836) 372,788 65,780 564,523
Nonoperating income (expense):        
Interest income 126 27 201 382
Interest expense (18,362) (9,372) (45,352) (33,636)
Income before income taxes (61,072) 363,443 20,629 531,269
Income tax benefit (expense) 22,736 (133,346) (7,740) (195,142)
Net income $ (38,336) $ 230,097 $ 12,889 $ 336,127
Basic weighted-average common shares outstanding (in shares) 65,745 63,904 64,815 63,665
Diluted weighted-average common shares outstanding (in shares) 65,745 67,386 67,343 67,390
Basic net income per common share (in dollars per share) (note 9) $ (0.58) $ 3.60 $ 0.20 $ 5.28
Diluted net income per common share (in dollars per share) (note 9) $ (0.58) $ 3.41 $ 0.19 $ 4.99
Cash dividends (in dollars per share) $ 0.05 $ 0.05 $ 0.10 $ 0.10