Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations

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Consolidated Statements of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
 3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Revenues:    
Oil and condensate sales $ 73,377 $ 53,080
Gas sales 18,349 1,466
Natural gas liquid sales 26,136 324
Other income 167 130
Total revenues 118,029 55,000
Costs and expenses:    
Lease operating expenses 11,629 5,172
Production taxes 6,957 6,870
Midstream transportation, processing and marketing 7,769 417
Depreciation, depletion and amortization 56,877 22,583
General and administrative 9,511 4,412
Accretion expense 188 175
(Gain) loss on sale of assets (11) 427
Total costs and expenses 92,920 40,056
INCOME FROM OPERATIONS 25,109 14,944
OTHER (INCOME) EXPENSE:    
Interest expense 3,885 3,479
Interest income (106) (79)
Litigation settlement 18,000 0
Income from equity method investments (128,475) (61,210)
Total Other (Income) Expense (106,696) (57,810)
INCOME BEFORE INCOME TAXES 131,805 72,754
INCOME TAX EXPENSE 49,247 28,195
NET INCOME $ 82,558 $ 44,559
NET INCOME PER COMMON SHARE:    
Basic net income per share $ 0.97 $ 0.61
Diluted net income per share $ 0.96 $ 0.61
Weighted average common shares outstanding - Basic (shares) 85,259,407 72,830,215
Weighted average common shares outstanding-Diluted (shares) 85,738,626 73,334,848