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CONDENSED CONSOLIDATED STATEMENT 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 revenue:        
Oil production $ 180,806 $ 157,436 $ 564,745 $ 484,788
Gas production 34,003 42,771 91,006 131,815
Natural gas liquids production 11,910 9,060 35,228 25,290
Other operational income 678 1,245 2,520 2,994
Derivative income, net (1,812) 4,082 3,119 3,300
Total operating revenue 227,397 214,594 696,618 648,187
Operating expenses:        
Lease operating expenses 60,995 46,591 157,030 130,486
Transportation, processing and gathering expenses 6,762 2,763 15,911 7,311
Other operational expenses 82 654 195 1,452
Production taxes 1,842 2,492 7,578 6,828
Depreciation, depletion and amortization 89,274 64,462 260,982 204,777
Accretion expense 8,405 7,700 24,926 23,134
Salaries, general and administrative expenses 13,673 7,151 40,521 29,494
Incentive compensation expense 67 2,087 3,907 7,104
Derivative expense, net 1,812         
Total operating expenses 182,912 133,900 511,050 410,586
Income from operations 44,485 80,694 185,568 237,601
Other (income) expenses:        
Interest expense 7,692 1,379 21,107 6,470
Interest income (117) (23) (227) (170)
Other income (443) (372) (1,229) (1,499)
Loss on early extinguishment of debt       607
Other expense   308   501
Total other (income) expenses 7,132 1,292 19,651 5,909
Income (loss) before taxes 37,353 79,402 165,917 231,692
Provision (benefit) for income taxes:        
Current 595 (12,681) 1,164 (15,043)
Deferred 13,099 40,262 59,573 97,926
Total income taxes 13,694 27,581 60,737 82,883
Net income $ 23,659 $ 51,821 $ 105,180 $ 148,809
Basic earnings per share $ 0.48 $ 1.06 $ 2.13 $ 3.04
Diluted earnings per share $ 0.48 $ 1.06 $ 2.13 $ 3.04
Average shares outstanding 48,342 48,029 48,300 47,963
Average shares outstanding assuming dilution 48,384 48,071 48,343 48,006