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Condensed Consolidated Statement of Operations (Unaudited) (USD $)
In Thousands, except Per Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Operating revenue:    
Oil production$ 157,436$ 97,688$ 484,788$ 301,412
Gas production50,24455,522152,615179,571
Other operational income1,2451,8022,9944,489
Derivative income, net4,0824053,3003,818
Total operating revenue213,007155,417643,697489,290
Operating expenses:    
Lease operating expenses47,76736,882133,307112,429
Other operational expenses6543,0031,4525,450
Production taxes2,4921,5176,8284,761
Depreciation, depletion and amortization64,46260,482204,777184,900
Accretion expense7,7008,46023,13425,384
Salaries, general and administrative expenses7,1519,75129,49430,199
Incentive compensation expense2,0877677,1042,113
Total operating expenses132,313120,862406,096365,236
Income from operations80,69434,555237,601124,054
Other (income) expenses:    
Interest expense1,3792,6676,4709,273
Interest income(23)(51)(170)(1,110)
Other income(372) (1,499)(776)
Loss on early extinguishment of debt  6071,820
Other expense30857501546
Total other expenses1,2922,6735,9099,753
Net income before income taxes79,40231,882231,692114,301
Provision (benefit) for income taxes:    
Current(12,681)10,182(15,043)4,918
Deferred40,2622,31897,92636,711
Total income taxes27,58112,50082,88341,629
Net income$ 51,821$ 19,382$ 148,809$ 72,672
Basic earnings per share$ 1.06$ 0.40$ 3.04$ 1.50
Diluted earnings per share$ 1.06$ 0.40$ 3.04$ 1.50
Average shares outstanding48,02947,71347,96347,659
Average shares outstanding assuming dilution48,07147,72748,00647,681