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CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Operating revenue:        
Oil production $ 123,795 $ 186,608 $ 404,477 $ 558,031
Gas production 30,154 52,728 133,183 137,382
Natural gas liquids production 21,014 16,476 64,920 36,854
Other operational income 2,468 873 5,515 2,659
Derivative income, net 5,782    2,667   
Total operating revenue 183,213 256,685 610,762 734,926
Operating expenses:        
Lease operating expenses 43,561 53,986 139,918 157,547
Transportation, processing and gathering expenses 16,721 13,081 45,445 27,374
Production taxes 3,651 5,224 9,970 11,404
Depreciation, depletion and amortization 80,291 92,853 255,772 255,497
Write-down of oil and gas properties 47,130    47,130   
Accretion expense 6,539 8,431 21,827 25,012
Salaries, general and administrative expenses 16,286 14,201 49,252 43,351
Incentive compensation expense 3,092 4,566 10,129 8,047
Other operational expenses 298 237 510 382
Derivative expense, net    1,684    1,537
Total operating expenses 217,569 194,263 579,953 530,151
Income (loss) from operations (34,356) 62,422 30,809 204,775
Other (income) expenses:        
Interest expense 10,323 7,922 28,593 26,452
Interest income (169) (1,311) (505) (1,543)
Other income (695) (782) (2,124) (2,190)
Other expense 95    274   
Total other (income) expenses 9,554 5,829 26,238 22,719
Income (loss) before income taxes (43,910) 56,593 4,571 182,056
Provision (benefit) for income taxes:        
Current    (88)    (10,827)
Deferred (14,495) 20,579 3,599 77,001
Total income taxes (14,495) 20,491 3,599 66,174
Net income (loss) $ (29,415) $ 36,102 $ 972 $ 115,882
Basic earnings (loss) per share $ (0.54) $ 0.72 $ 0.02 $ 2.32
Diluted earnings (loss) per share $ (0.54) $ 0.72 $ 0.02 $ 2.32
Average shares outstanding 54,866 48,732 51,998 48,680
Average shares outstanding assuming dilution 54,866 48,776 52,139 48,720