Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements Of Operations

v2.4.0.8
Consolidated Statements Of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
 3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Revenues:        
Oil and condensate sales $ 60,999 $ 65,020 $ 114,079 $ 129,024
Gas sales 6,793 541 8,259 1,154
Natural gas liquid sales 2,404 694 2,728 1,500
Other income 238 70 368 108
Total revenues 70,434 66,325 125,434 131,786
Costs and expenses:        
Lease operating expenses 5,878 5,714 11,050 11,563
Production taxes 8,341 7,572 15,628 15,341
Depreciation, depletion, and amortization 28,540 23,652 51,123 45,047
General and administrative 4,900 3,263 9,312 6,272
Accretion expense 174 177 349 353
Loss on sale of assets 145 0 572 0
Total costs and expenses 47,978 40,378 88,034 78,576
INCOME FROM OPERATIONS 22,456 25,947 37,400 53,210
OTHER (INCOME) EXPENSE:        
Interest expense 3,284 474 6,763 627
Interest income (62) (4) (141) (31)
(Income) loss from equity method investments (50,108) 360 (111,318) 628
Total Other (Income) Expense 46,886 (830) 104,696 (1,224)
INCOME BEFORE INCOME TAXES 69,342 25,117 142,096 51,986
INCOME TAX EXPENSE 25,514 0 53,709 0
NET INCOME $ 43,828 $ 25,117 $ 88,387 $ 51,986
NET INCOME PER COMMON SHARE:        
Basic net income from continuing operations per share (usd per share) $ 0.57 $ 0.45 $ 1.18 $ 0.93
Diluted net income from continuing operations per share (usd per share) $ 0.56 $ 0.45 $ 1.17 $ 0.93
Weighted average common shares outstanding - Basic (shares) 77,428,605 55,656,274 75,142,113 55,641,241
Weighted average common shares outstanding-Diluted (shares) 77,906,787 56,334,095 75,599,608 56,175,248