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Condensed Consolidated Statements of Operations (Unaudited) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Revenues and other income        
Oil, natural gas, and related product sales $ 592,141,000 $ 591,099,000 $ 1,225,642,000 $ 1,097,291,000
CO2 sales and transportation fees 5,301,000 5,343,000 12,096,000 10,267,000
Interest income and other income 4,339,000 4,955,000 9,159,000 8,004,000
Total revenues and other income 601,781,000 601,397,000 1,246,897,000 1,115,562,000
Expenses        
Lease operating expenses 124,511,000 126,085,000 262,475,000 249,882,000
Marketing expenses 12,218,000 6,270,000 23,048,000 11,573,000
CO2 discovery and operating expenses 1,062,000 1,693,000 7,267,000 3,639,000
Taxes other than income 38,812,000 39,632,000 82,506,000 72,115,000
General and administrative 34,826,000 28,709,000 71,433,000 71,028,000
Interest, net of amounts capitalized of $18,475, $13,194, $37,920 and $24,151, respectively 41,604,000 42,249,000 77,918,000 91,026,000
Depletion, depreciation, and amortization 132,289,000 103,495,000 253,184,000 197,089,000
Derivatives income (139,109,000) (172,904,000) (93,834,000) (2,154,000)
Loss on early extinguishment of debt 0 348,000 0 16,131,000
Impairment of assets 215,000 0 17,515,000 0
Other expenses 12,552,000 2,018,000 23,272,000 4,377,000
Total expenses 258,980,000 177,595,000 724,784,000 714,706,000
Income before income taxes 342,801,000 423,802,000 522,113,000 400,856,000
Income tax provision        
Current income taxes 784,000 12,028,000 29,492,000 11,180,000
Deferred income taxes 130,152,000 152,528,000 167,289,000 144,620,000
Net income $ 211,865,000 $ 259,246,000 $ 325,332,000 $ 245,056,000
Net income per common share - basic $ 0.55 $ 0.65 $ 0.84 $ 0.62
Net income per common share - diluted $ 0.54 $ 0.64 $ 0.83 $ 0.61
Weighted average common shares outstanding        
Basic 387,159,000 398,631,000 386,764,000 398,032,000
Diluted 390,702,000 403,919,000 390,823,000 403,703,000