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Condensed Consolidated Statement of Operations (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Operating revenue:        
Oil production $ 182,181 $ 175,357 $ 383,939 $ 327,352
Gas production 28,146 47,884 57,003 89,044
Natural gas liquids production 9,866 10,231 23,318 16,230
Other operational income 952 864 1,842 1,749
Derivative income, net 5,416 1,398 4,931  
Total operating revenue 226,561 235,734 471,033 434,375
Operating expenses:        
Lease operating expenses 51,555 45,608 96,035 83,895
Transportation, processing and gathering expenses 5,492 2,728 9,149 4,548
Other operational expenses 71 136 113 798
Production taxes 2,358 1,801 5,736 4,336
Depreciation, depletion and amortization 87,133 72,646 171,708 140,315
Accretion expense 8,255 7,717 16,521 15,434
Salaries, general and administrative expenses 13,143 10,610 26,848 22,343
Incentive compensation expense 2,398 2,333 3,840 5,017
Derivative expense, net       782
Total operating expenses 170,405 143,579 329,950 277,468
Income from operations 56,156 92,155 141,083 156,907
Other (income) expenses:        
Interest expense 7,684 1,980 13,415 5,091
Interest income (79) (53) (110) (147)
Other income (366) (563) (786) (1,127)
Loss on early extinguishment of debt   607   607
Other expense   69   193
Total other expenses 7,239 2,040 12,519 4,617
Net income before income taxes 48,917 90,115 128,564 152,290
Provision (benefit) for income taxes:        
Current (665) (2,362) 569 (2,362)
Deferred 19,035 35,281 46,474 57,664
Total income taxes 18,370 32,919 47,043 55,302
Net income $ 30,547 $ 57,196 $ 81,521 $ 96,988
Basic earnings per share $ 0.62 $ 1.17 $ 1.65 $ 1.98
Diluted earnings per share $ 0.62 $ 1.17 $ 1.65 $ 1.98
Average shares outstanding 48,303 47,961 48,279 47,930
Average shares outstanding assuming dilution 48,344 48,006 48,322 47,973